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

Cannabis Law Report

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. There’s a direct potential fiscal implication to the state,” said Sen. Source: Albuquerque Jnl.

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

Cannabis Law Report

This sleight of hand allows I-71 cannabis entrepreneurs to skirt DC’s law allowing only personal use and sale of medical marijuana. Federal law still classes marijuana as a Schedule 1 substance whose possession and sale are a felony. At-Large Councilmember Elissa Silverman (I) lives two blocks from the popular H Street corridor. “I

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Average Price of Cannabis 17% Higher Since Legalization

WeedAdvisor

According to Kelowna Capital News , the average price of illegal cannabis is 17% higher roughly three months after legalization. Kelowna Capital News explains how legalization has affected cannabis pricing: “The average price of a gram of pot has grown 17 per cent since legalization, according to Statistics Canada. from dealers.

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

Cannabis Law Report

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. That is how those totals could get so high on the map, illegal operators not paying taxes or licensing fees can spend all that money on their Weedmaps listing, instead. Trouble Brewing.

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

Cannabis Law Report

Chairman Nadler Statement for the Subcommittee Hearing on “Marijuana Laws in America: Racial Justice and the Need for Reform”. Bass, for holding this hearing today on the need to reform our marijuana laws. The collateral consequences of conviction for marijuana possession—and even sometimes for a mere arrest—can be devastating.

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Ontario Cannabis Lottery – the Only Draw Where Everyone Loses

WeedAdvisor

Basically, Ontario made a small fortune telling businesses that they now have the privilege to pay taxes and more fees. While we get to drive away with a brand new vehicle, we also get to put the taxes, insurance and maintenance in our back seat. You can find more information in our site’s E-News section.

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

Meadow

Those are not going to get you your tax break. And then lastly just this adult use versus medical, that card thing I was talking about, really important on the tax side. First and foremost the biggest news in emergency regs on delivery was there is actually a new delivery license. Back to more delivery stuff.