When It Comes To Marijuana And Hemp, If You Believe In One Plant You Need To Believe In One Rule (Op-Ed)
“If the loophole persists, that trust erodes. Not because the hemp farmers are bad people. But because a system that applies rigorous standards to one channel and none to another will eventually produce a failure that damages everyone.” By Jason Leisey, Emerald Tea Supply Co. I spent years in institutional finance trading macro derivatives before […]
Pennsylvania House Passes Governor’s Budget Plan With Expected Revenue From Marijuana, Which Hasn’t Yet Been Legalized
Pennsylvania’s House of Representatives has passed budget legislation proposed by the governor that relies on revenue that would be generated from recreational marijuana sales, which have not yet been legalized in the state. The Democratic-controlled House voted 107-94 on Tuesday to approve the spending plan from Gov. Josh Shapiro (D) who earlier this year included […]
Marijuana Budtenders Could Qualify For ‘No Tax On Tips,’ IRS Says, But Only After Federal Legalization
The Internal Revenue Service (IRS) says that while marijuana industry workers are not currently eligible under the “No Tax on Tips” law signed by President Donald Trump last year to write off any gratuities they receive, that could change in the event of federal legalization. The agency discussed the issue in a final rule for […]
Virginia Governor Wants Amendments To Marijuana Sales Legalization Bill, Including Delayed Market Launch
Virginia’s governor is requesting that legislators make amendments to a bill to legalize recreational marijuana sales that they sent to her desk last month. On Monday, Gov. Abigail Spanberger (D) returned the legislation with suggested changes—including pushing back the launch date for sales to begin by six months, from January 1, 2027 to July 1, […]
Oregon Governor Signs Bill To Allow Medical Marijuana Use In Hospices And Other Health Facilities
Oregon’s governor has signed a bill to allow patients with debilitating medical conditions to access medical marijuana in certain health facilities such as hospices. Gov. Tina Kotek (D) approved the legislation from Rep. Farrah Chaichi (D) on Tuesday after it cleared the Senate in a 20-8 vote last month and was passed by the House of […]
Illinois Court Hears Final Lawsuit Challenging Marijuana Social Equity Business Licensing Lottery
“We just want a fair shot. We’re not asking for anything special, no special privileges, but what they promised from the very beginning.” By Hannah Meisel, Capitol News Illinois Nearly seven years after Illinois lawmakers approved recreational cannabis legalization, applicants who lost out on coveted business licenses are still battling the state in court, alleging […]
Cleveland City Council Proposal Would Use Marijuana Tax Money To Support Neighborhood Projects
“Legalization created opportunity. This ordinance ensures that this opportunity is shared, shared fairly, shared transparently and shared with the residents who made it possible.” By Nick Castele, Signal Cleveland This story was originally published by Signal Cleveland. Sign up for their free newsletters at SignalCleveland.org/subscribe. Cleveland City Council members should be able to spend part […]
Rhode Island Marijuana Business License Lottery Blocked By Federal Judge Amid Challenge To Residency Rules
“Knowing the Act was facing legal challenges…CCC continued forward with its plan to implement the Act and its licensing scheme. The resulting fall-out will be, to be blunt, self-inflicted.” By Christopher Shea, Rhode Island Currant Nearly 100 applicants vying for 20 new cannabis retail licenses that were supposed to be awarded via lottery as soon […]
Hawaii Senate Votes To Ask Congress To Federally Legalize Marijuana
The Hawaii Senate has passed a pair of resolutions calling on Congress to federally legalize marijuana, support state efforts to clear people’s conviction records and take steps to facilitate access to banking services for companies in the cannabis industry. “Even though states have made significant policy changes with respect to cannabis, the federal Controlled Substances […]
Massachusetts Lawmakers Unanimously Pass Bill To Double Marijuana Possession Limit And Restructure Cannabis Commission
Massachusetts House lawmakers have unanimously passed a bill to double the legal marijuana possession limit for adults and revise the regulatory framework for the state’s adult-use cannabis market. The House of Representatives approved the legislation in a vote of 155-0 on Wednesday. If the Senate follows suit, which is expected this week, the proposal would […]