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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 ยง 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.

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Cannabis Laws & the Southern States

Cannabis Law Report

This article reviews cannabis laws in effect in Southern states, cannabis laws that will go into effect in the future, and examines states that haven’t passed legislation legalizing cannabis. Arkansas dispensaries began serving qualified patients in 2019. Hunter Robinson. Whitt Steineker. Slates Veazey.

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What Legal Cannabis May Look Like for Patients and Marijuana Users in Maryland

Peninsula Alternative Health

On November 8th, 2022, Maryland passed a new law legalizing recreational cannabis use for adults 21 and older, opening up a whole new industry for the state. Effective July of 2023, the new legislation aims to regulate medical and recreational cannabis as similarly as possible, holding them to the same standards.

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Europeโ€™s Cannabis-Friendly Hotspots Could Trigger an Economic Shiftย 

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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Minnesota Legalizes Marijuana For Recreational Use

Dykema (Cannabis Law Blog)

On May 30, 2023, Governor Tim Walz signed legislation to legalize recreational use of marijuana for persons 21 years of age and older. The bill legalizes the production and sale of marijuana flower concentrates, topical and edible products, immature cannabis plants and seeds, and hemp-derived THC products.

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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.โ€ 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. ,