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Intoxicating Hemp Swindle

Project CBD

What’s more, synthesized Delta-9 THC is present in many of these products, despite being prohibited in both California’s cannabis and hemp programs. Synthetic cannabinoids were present in a full 97% of vape products tested, and often these compounds were much stronger than naturally derived THC.

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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. The presentation included one significant cannabis tax item, the business expense deduction for licensed Illinois cannabis businesses. In 2022, Illinois took in $450,463,952.

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Adult-Use Cannabis Legalization Effort Begins in Ohio

Cannabis Law Report

While regular state and local sales taxes will also apply, included is a 10% cannabis tax rate on adult-use sales that would be allocated as follows: 36% of the tax will support social equity and jobs programs – if passed, it is estimated this could generate $150 million or more annually for social equity and jobs programs in Ohio.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition. million to help expand access to legal retail throughout California.

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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

The company anticipates launching both programs this year. ” Click here to receive an investor presentation and corporate updates. The reference data it collects and its constantly improving machine learning algorithms create a moat that prevents competitors from quickly stepping into the market. billion in 2020 to $7.6

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A Founder Looks at 50: Attorney Gerry Goldstein and the Early Years of NORML

NORML

When Goldstein contacted Beto to indicate we had a couple of national journalists willing to come interview marijuana prisoners, the warden agreed to assemble a collection of a dozen or so non-violent marijuana offenders and to provide us the space to interview them within the prison.

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Washington’s Hemp Plan

Canna Law Blog

Producers may subject noncompliant hemp to the following disposal or destruction methods: Incineration; Tilled under the soil; Made into compost; Collected for destruction by a person authorized to handle marijuana; and. CBD is likely to be present in hemp flower, which can be used in food. ” Transportation. Hemp as food.

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