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CBD Hemp Versus Industrial Hemp: What You Need to Know

Cannabis Cheri

Ninety-nine out of a hundred articles about CBD will tell you that it is extracted from industrial hemp — “the plant with 10,000 uses.”. But, no, it certainly does not come from the same plant that is cultivated to produce hemp fibers and seeds. Neither of these cultivation methods is conducive to producing high-quality CBD oil.

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New Amendments Could Delay Passing Of Greek Medical Cannabis Bill Until Next Year

Cannabis Law Report

Business Cann UK reports. GREEK businesses are preparing for amendments to the Mediterranean country’s cannabis laws allowing the cultivation, sale and export of high percentage THC medical products. Read the full article at [link]. Tetrahydrocannabinol (THC). Tetrahydrocannabinol (THC). Greek Bureaucracy To Blame.

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Bloomberg Article: Federal Taxation of Cannabis Under Proposed Legislation

Cannabis Law Report

In practice, Section 280E does not allow state-level legal cannabis businesses to deduct ordinary business expenses when determining gross income from the sale of inventory. Cannabis would be taxed at 25% of the prevailing price of cannabis per-ounce for cannabis flower and per-milligram of THC for any cannabis extracts.

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Thailand: Cannabis And Hemp Business Guide

Cannabis Law Report

The Hemp Regulation RE: Application of the License and Issuing of Licenses to Manufacture, Disposal or Possession of Hemp came into effect, allowing cultivation and processing of hemp only for industrial such as textiles, paper industries, etc. To read the full article click here. The Narcotics Act (No. January 1, 2018. Alan Adcock.

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Senate Bill 1723 moves to Subcommittee on Cannabis

Illinois News Joint

SB1723 deletes the provision that states any person or entity awarded a craft grower license under specified provisions “shall only hold one craft grower license” and removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower but leaves in the restriction for “a cultivation center.”

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Greenway – Article: Income Taxes and the Cannabis Business: The Impact of §280E

Cannabis Law Report

In reading §280E any taxpayer would fret that income taxes would be calculated on all gross receipts! Even though §280E disallows all credits and deductions with respect to business trafficking in controlled substances, the Supreme Court has allowed us some deductions, i.e., the cost of goods sold deductions. 173 (2007)).

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Spain – El Pais Article: Marijuana slaves in Spain: a year imprisoned in a warehouse

Cannabis Law Report

Pretty depressing stuff we have to say… Catalan police have rescued 10 people who had been trafficked by a Chinese mafia and forced to cultivate the drug. The space in which the people held in the marijuana cultivation warehouses lived. The footage from Operation Long lasts just three minutes. MOSSOS D´ESCUADRA / EL PAÍS.

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