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The Week in Weed: March 6, 2020

The Blunt Truth

In Utah , sales began at the state’s first dispensary, located in Salt Lake City. The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. Although recreational sales were expected to begin this month, they’ve been postponed until June. FEDERAL NEWS.

Banking 99
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Getting into the Cannabis Business? Here are Some Things you Need to Know

Otherside Farms

Now is the perfect time to open up a dispensary! Here are five things you must have before opening a medical marijuana dispensary. Sure, medical marijuana dispensaries aren’t viewed as a traditional business. You do not have to open your own cannabis dispensary to get into the market. A Business Plan.

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Dentons Weekly Cannabis Update

Cannabis Law Report

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. DEA increases the cannabis research quota. Battle heating up over Florida ballot initiative to legalize cannabis for adult use.

Vaping 40
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What if Federal Marijuana Reform Doesn’t Happen Anytime Soon?

Canna Law Blog

The federal government collects vastly more money from the marijuana industry with IRC 280e in place than if 280e were excised from the tax code tomorrow. Then of course there is the DEA, which continues to maintain that marijuana is among the most dangerous substances known to humankind. (It So do many states.

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American Action Forum: Federal Taxation Of Cannabis : Primer

Cannabis Law Report

3] Further, notwithstanding the determination of the Drug Enforcement Administration (DEA), which is required to defer to the Department of Health and Human Services’ assessment that cannabis has no acceptable medical utility, 37 states and four territories have enacted laws allowing for the medical use of cannabis products. [4]

Policy 100
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Federal Legalization – Then What?

Cannabis Law Report

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

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CPA Journal Article: “Providing Services to the Marijuana Industry”

Cannabis Law Report

1595 [the Secure And Fair Enforcement (SAFE) Banking Act of 2019] was introduced to increase public safety by expanding financial services to marijuana-related legitimate businesses and service providers and reducing the amount of cash at such businesses. Likewise, in Patients Mutual Assistance Collective Corp. In Beck v.