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State Policy Weekly Update 2/14/2023

NORML

Highlights include: AZ, CO, GA, KS, ME, MD, NH, NM, RI, TX, VT, VA, and WV The post State Policy Weekly Update 2/14/2023 appeared first on NORML.

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The Cannabis Market in Japan Thrives Despite Its Illegal Status

Veriheal

Cannabinoids like THC (tetrahydrocannabinol) remain highly illegal in Japan, but despite this, the underground market is booming. million) in 2023.” million) in 2023.” While CBD is now permitted for certain uses, legislation regarding THC has cracked down further. million) in 2019 to JPY24 billion (USD173.8

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

SB1723 incorporates craft grow amendments dealing with licenses, production of THC oil, transporting organizations, advertising, and taxes. Senate Bill 1723 , which deals with several provisions for craft growers, recently moved from Executive to the Subcommittee on Cannabis. Kimberly A. 2) During calendar year 2024, 60,000 grams per month.

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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. 1, 2023, Cannabis industry businesses will be able to deduct business expenses that otherwise cannot be deducted federally pursuant to Section 280E of the Internal Revenue Code.

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Is Weed Legal in Japan? Cannabis Legalization Bill Explained

Veriheal

In December of 2023, the country recently made a new move towards reform that could stimulate the cannabidiol (CBD) industry and provide many patients, such as those with epilepsy , with access to potentially life-changing medical treatments. In Japan, THC-based products are designated as narcotics to be regulated.

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New hemp bills in conflict with IDOA proposed amendments

Illinois News Joint

One key provision addresses the definition of “THC” and the total concentration level limits of 0.3% The key definition in HB5306 and SB3790 states, “‘THC’ means delta-9 tetrahydrocannabinol.

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Illinois Hemp regulation battle continues

Illinois News Joint

Tiffany Chappell Ingram, Executive director of CannabizIL—which mostly represents multi-state licensed cannabis operators—spoke at the press conference about the dangers of hemp consumer products and THC intoxicants and touted SB3926, the Hemp Consumer Products Act.

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