Medical Cannabis Brief

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

Cannabis Law Report

FEBRUARY 1, 2020

SANTA FE – A state Court of Appeals ruling that New Mexico medical marijuana producers can claim a tax deduction for prescription medication could affect prices for 80,000 or so enrolled patients statewide – and the state budget. A tax department spokesman said Friday that the agency was reviewing the ruling and weighing legal options.

Marijuana

Marijuana Patients Data Food

The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

Veriheal

NOVEMBER 12, 2020

When it comes to the burgeoning cannabis industry in the United States, one subject that comes up over and over is taxes. For many states, tax revenue is a motivating factor when it comes to legalizing cannabis. And cannabis users are not the only ones being taxed. And it’s easy to understand the reason why.

Business

Business Banking Cannabis Compliance

Is Growing and Dispensing Cannabis a Sin?

Dykema (Cannabis Law Blog)

JUNE 12, 2019

In mid-May, Treasury Secretary Mnuchin told the Subcommittee on Financial Services and General Government of the Senate Appropriations Committee that cannabis businesses would not be eligible for Opportunity Zone (“OZ”) tax benefits. Read More › Tags:

Programs

Programs Business Cannabis

A Look Back at California Cannabis in 2022

Canna Law Blog

JANUARY 6, 2023

The year 2022 was a busy one for the California cannabis industry, with everything from tax reform to the beginning of enforcement. In this post, I’ll go back through some of the highlight’s for California’s cannabis industry last year. California overhauled its cannabis taxes.

Collective

Collective Hemp Cannabis Programs

Washington DC…Gift To “lawyers” …To Access Cannabis

Cannabis Law Report

SEPTEMBER 4, 2022

This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. The Wild West of Unregulated Cannabis Retailers.

Access

Access Topical Business Retail

Average Price of Cannabis 17% Higher Since Legalization

WeedAdvisor

JANUARY 10, 2019

Those who frequently use cannabis understand that it can get quite expensive. According to Kelowna Capital News , the average price of illegal cannabis is 17% higher roughly three months after legalization. Cannabis Prices Since Legalization. One reason is the regulatory framework and taxes. 17 up to $8.02

Legalization

Legalization Research and Development Data Cannabis

Article: At Least We Now Know Why Weedmaps Didn’t Want to Get Rid of the Illegal Listings on Their Website

Cannabis Law Report

NOVEMBER 24, 2021

Weedmaps, or now known as WM Technology on Wall Street, had a horrendous stretch of bad news and dismal financial reporting over the past few weeks. Chris Beals, a former SPAC attorney who is now the CEO of Weedmaps, explained that it is the illegal cannabis market that is just killing their financial numbers. Trouble Brewing.

Dispensary

Dispensary Media Business Retail

Ontario Cannabis Lottery – the Only Draw Where Everyone Loses

WeedAdvisor

JANUARY 15, 2019

On January 11 th , the Alcohol and Gaming Commission of Ontario (AGCO) held its highly-anticipated Ontario cannabis lottery. The House Wins in the Ontario Cannabis Lottery. Basically, Ontario made a small fortune telling businesses that they now have the privilege to pay taxes and more fees. Violation of Privacy. Final Thoughts.

Retail

Retail Research and Development Business Cannabis

Cannabis Media & Organizations Reports On Latest Cannabis Congressional Committe, “Marijuana Laws in America: Racial Justice and the Need for Reform”

Cannabis Law Report

JULY 10, 2019

One video comment says it all “Not one legislative representative disagreed – it’s time to decriminalize cannabis, remove it from the Controlled Substances Act, and allow individuals their right to choose to use or not to use. Related News. The head of a cannabis industry lobbying group urged U.S. The Hearing.

Law

Law Media Marijuana Legislation

Nearly Half of U.S. Adults Report Trying Cannabis; Percentage of Regular Smokers Remains Unchanged

SpeedWeed

AUGUST 17, 2021

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.

Business

Business Cultivation Cannabis Seed-To-Sale

Illinois Judge Says Ongoing Lawsuit Could Cause Cannabis Licensing Redo

SpeedWeed

AUGUST 17, 2021

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.

Business

Business Cultivation Cannabis Seed-To-Sale

Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

SpeedWeed

AUGUST 16, 2021

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.

Business

Business Dispensary Cultivation Cannabis

NFL Players Fumble Investment in Southern California Cannabis Business

SpeedWeed

AUGUST 16, 2021

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.

Business

Business Cultivation Cannabis Seed-To-Sale

Tilray Acquires Majority Position in Amended MedMen Convertible Notes

SpeedWeed

AUGUST 18, 2021

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns.

Business

Business Cultivation Seed-To-Sale Law

The best cannabis concentrates in Oregon

SpeedWeed

JULY 8, 2021

Price point: $50/gram before tax. I recently tried Echo’s Southern Belle live budder collab with Evans Creek Farm ($50/gram before tax)—a whole-plant, fresh-frozen budder extracted from premium buds that gives top-shelf extracts a run for their money. Price point: $60/gram for ice-water hash; $70/gram for hash rosin (before tax).

Concentrates

Concentrates Hash Extraction Strains

You can now get a license to grow and sell cannabis from the state of California

Meadow

DECEMBER 24, 2017

You can now get a license to grow and sell cannabis from the State of California That doesn’t mean it’s easy, or that most people will apply. And then you see the consumption version of that, where folks would be sold a small amount of cannabis or concentrate that they could use on site. Those are not going to get you your tax break.

Packaging

Packaging Retail Edibles Wellness and Beauty

US to ban Backwoods, Swishers and other flavored blunt wraps

SpeedWeed

APRIL 30, 2021

Tobacco companies will likely challenge the decision in court, according to Stat News. But such a ban would affect many cannabis consumers—primarily Black smokers—who roll marijuana into flavored tobacco or cigar leaves, commonly called a blunt. Cannabis-only consumers, by contrast, show little increased cancer risk (1.2-fold).

Supply Chain

Supply Chain Policy Hash History

Virginia joins 15 other states in legalizing marijuana – Cannabis Business Executive

SpeedWeed

FEBRUARY 28, 2021

Only two other states — Illinois and Vermont — have passed legislation to legalize, tax and regulate recreational marijuana through the legislature. Filed Under: Breaking News , News & Insights , Spotlight , Virginia Tagged With: Adult-use legalization , Virginia. Read More @ Politico]. . View original article.

Business

Business Legalization Marijuana Legislation

Medical Cannabis Brief

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

Trending Sources

Is Growing and Dispensing Cannabis a Sin?

A Look Back at California Cannabis in 2022

Washington DC…Gift To “lawyers” …To Access Cannabis

Average Price of Cannabis 17% Higher Since Legalization

Article: At Least We Now Know Why Weedmaps Didn’t Want to Get Rid of the Illegal Listings on Their Website

Ontario Cannabis Lottery – the Only Draw Where Everyone Loses

Cannabis Media & Organizations Reports On Latest Cannabis Congressional Committe, “Marijuana Laws in America: Racial Justice and the Need for Reform”

Nearly Half of U.S. Adults Report Trying Cannabis; Percentage of Regular Smokers Remains Unchanged

Illinois Judge Says Ongoing Lawsuit Could Cause Cannabis Licensing Redo

Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

NFL Players Fumble Investment in Southern California Cannabis Business

Tilray Acquires Majority Position in Amended MedMen Convertible Notes

The best cannabis concentrates in Oregon

You can now get a license to grow and sell cannabis from the state of California

US to ban Backwoods, Swishers and other flavored blunt wraps

Virginia joins 15 other states in legalizing marijuana – Cannabis Business Executive

Stay Connected