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New Jersey CRC Seeks Feedback for Medical Cannabis Program

Veriheal

After nearly two years of success with recreational cannabis, New Jersey lawmakers are hoping to make some positive changes to cannabis laws in the state. The New Jersey Cannabis Regulatory Commission, also known as the CRC, has asked the public for their thoughts and feedback regarding new proposals.

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These 4 States Stand a Good Chance at Legalizing Recreational Cannabis in 2023

Veriheal

states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizing recreational cannabis this year. However, the use and possession of cannabis remain illegal under federal law for any purpose as per the Controlled Substances Act of 1970 (CSA) , which classifies cannabis as a Schedule I substance.

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Tax Practitioners’ Meeting includes Section 280E cannabis deduction

Illinois News Joint

The Illinois Department of Revenue (IDOR) today hosted the 2023 Tax Practitioners’ Meeting and PowerPoint presentation. The presentation included one significant cannabis tax item, the business expense deduction for licensed Illinois cannabis businesses. For more Illinois cannabis industry news, visit here.

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The Year in Weed: 2023 Edition

The Blunt Truth

Welcome back to The Year In Weed, The Blunt Truth’s annual roundup of cannabis-related stories. Last year , I predicted there would be no federal cannabis legalization, but that perhaps states would legalize. We thought the market would expand “quite a bit” in 2023 – well, the “a bit” part was right. Was I right?

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The Week in Weed: May 12, 2023

The Blunt Truth

SAFE BANKING The Senate Banking Committee held a hearing late this week on the difficulties the cannabis industry faces due to a lack of access to the federal banking system. The state’s medical program is popular, and polling shows support for adult-use running about 60% in favor.

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How Kevin Durant Ended the NBA’s Cannabis Ban

Veriheal

All-star basketball player Kevin Durant recently scored a historic victory for cannabis advocacy. Previous efforts by Durant had significant involvement in the National Basketball Association’s (NBA) decision to remove cannabis from its list of banned substances. He’s also a fierce cannabis advocate.

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The Week in Weed: August 18, 2023

The Blunt Truth

There’s also a measure that would repeal the state’s medical marijuana program. The AG has released a final summary of that, so those backing the measure can begin collecting signatures. At a hearing held last Friday, a judge ordered a two-week extension to the cannabis licensing ban. Alabama has been having problems of its own.