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Illinois releases 2023 Annual Cannabis Report

Illinois News Joint

Friday, the Illinois Department of Financial & Professional Regulation (IDFPR) released its Annual Cannabis Report for fiscal year 2023. The 20-page report included a summary, 2023 accomplishments, goals for fiscal year 2024, and several charts and statistics. This goal was again listed as one of the Essential Projects for FY2024.

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IRC § 280E is a Target for Cannabis Legal Reform in 2023

Canna Law Blog

Will we see tax reform in 2023 for cannabis sellers? IRC 280E was passed by Congress in 1982 in response to a case where the Tax Court ruled that a taxpayer could deduct expenses relating to his sales of cocaine, amphetamine, and cannabis. Specifically, the application of IRC 280E. Even if Rep. The impact of IRC 280E.

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Cultivera Announces Upcoming Expansion of B2B Marketplace, Cultivera Market

Cannabis Law Report

Seattle, Washington, April 11, 2023 – For the first time since launch, Cultivera’s B2B marketplace, Cultivera Market, will soon be available for licenses not using Cultivera Pro seed-to-sale software.

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Europe’s Cannabis-Friendly Hotspots Could Trigger an Economic Shift 

Veriheal

The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.

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Bad News for Intoxicating Hemp Products

Canna Law Blog

In my June 2023 post, I concluded that even if there are good arguments for THCA’s legality, practically speaking law enforcement was likely to consider THCA in calculating total THC, given the fact that THCA converts to THC upon application of heat. Let’s take a look.

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Illinois cannabis oversight bills move forward

Illinois News Joint

Four Illinois House bills involving cannabis oversight and regulations were assigned to the Executive Committee February 28, 2023. Effective July 1, 2023.” was filed on January 25, 2023, assigned to the Rules Committee January 25, 2023, and then assigned to the Executive Committee February 28, 2023. Evans, Jr. ,

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Oregon’s Interstate Commerce Bill for Marijuana Seeds and Intoxicating Hemp Products

Canna Law Blog

Most interestingly, the reconstituted SB 353 would allow OLCC licensees to export intoxicating products that fall under the federal definition of hemp, along with marijuana seeds. All very interesting stuff, especially coming from the first state to ban the sale of artificially derived cannabinoids (with limited exceptions).

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