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The Year in Weed: 2020 Edition

The Blunt Truth

Last year , I predicted that “…much will happen in 2020.” Whether you think that 2020 was the worst year ever, or only the worst year in your lifetime, no one is sorry to turn the page on the past 12 months. So let’s get this “Goodbye and Good Riddance to 2020” party started. What did happen?

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). The closest we have to a federal framework is from this 2018 SBA Policy Notice , which categorizes MRBs as “direct”, “indirect”, and “hemp-related businesses.” Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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Michigan distributes $10 million in tax revenue to communities with recreational marijuana businesses – Cannabis Business Executive

SpeedWeed

More than $341 million in adult-use marijuana sales were reported for fiscal year 2020. For the state’s 2020 fiscal year, this means each eligible municipality and county will receive around $28,000 for every licensed retail store or microbusiness. Ann Arbor, home to 17 dispensaries, will get more than $476,000, according to the state.

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The Week in Weed: May 22, 2020

The Blunt Truth

As everyone knows, when COVID-19 hit, Massachusetts allowed medical dispensaries to remain open. Although much of his criticism centers around a call for research into women and minority-owned businesses, it seems unlikely that cannabis banking will be part of any final legislation. And finally, you can now buy hemp at Petsmart.

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The Week in Weed: April 10, 2020

The Blunt Truth

But there is some other news: the IRS seems likely to increase auditing of marijuana businesses, and Epidiolex has been removed from the controlled substances list. Industry grou ps are advocating that marijuana businesses be included in that legislation. In Canada, cannabis businesses are eligible for federal government relief.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). local sales tax on adult-use cannabis and has collected $237.5 Colorado (pop. of the population enrolled.

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The Week in Weed: May 15, 2020

The Blunt Truth

The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow “…access to financial services to cannabis-related legitimate businesses and service providers…” The language is from the SAFE Banking Act passed by the House last year. ” sba loans. montana update.

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