Tue.Oct 22, 2019

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Senate To Hold Hearing On Marijuana And Public Health

NORML

On Wednesday, October 23rd, the Senate Senate International Narcotics Control Caucus, commonly referred to as simply the Drug Caucus, will hold a hearing entitled “Marijuana and America’s Health: Questions and Issues for Policy Makers.” The committee is co-chaired by Senators John Cornyn (R-TX) and Dianne Feinstein (D-CA), both of whom have been longtime prohibitionists but recently Sen.

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5 reasons why no one’s giving your kid edibles

Leafly

Every year the news scares parents into thinking their kids may be given cannabis edibles as trick-or-treat candy. Here's 5 reasons why they're wrong. The post 5 reasons why no one’s giving your kid edibles appeared first on Leafly.

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Guest Post: European Countries that legalized medical cannabis

Cannabis Law Report

Historically, cannabis was used by physicians to treat several diseases. Largely, cannabis was used in homeopathy and as a home remedy for many critical diseases. People call it weed, medical cannabis, marijuana, dronabinol, synthetic cannabis and so on. It doesn’t matter how they call it at your location but, “is it legal to trade, transport, or use medical cannabis in your location?

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CBD: Hemp-derived, isolate, full spectrum and beyond

Leafly

Understand the different types of CBD products on the Canadian market. The post CBD: Hemp-derived, isolate, full spectrum and beyond appeared first on Leafly.

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Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it.

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Canada: Can A Cannabis User Qualify For Rapid Safety Sensitive Worksite Access?

Cannabis Law Report

October 18 2019. Article by Deborah Cushing. Lawson Lundell LLP. Employers who operate safety sensitive worksites will find the recent decision of the Alberta Human Rights Tribunal in Everitt v Homewood Health Inc., 2019 AHRC 36 of interest. In this decision, the complainant, Brad Everitt, was a member of a building trade union and worker in the construction industry.

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Analysts Say Edibles Will Take Business Away from the Illegal Market, but is it True?

WeedAdvisor

According to CBC News , many analysts say that the upcoming round of edible products will boost cannabis sales and take away business from grey market dispensaries. With many users understandably turned off by the idea of smoking, it is safe to say that these products will be well-received in some circles. But are experts truly correct in their prediction?

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USA: National Safety Council Position/Policy Statement Cannabis Impairment in Safety Sensitive Positions

Cannabis Law Report

The National Safety Council (NSC) supports policies to mitigate and eliminate the risks of cannabis (marijuana) and other products containing delta-9-tetrahydrocannabinol (THC), the impairing component in cannabis. Safety concerns are paramount as legalization and decriminalization continues. NSC believes it is unsafe to be under the influence of cannabis while working in a safety sensitive position1 due to the increased risk of injury or death to the operator and others.

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Cannabis Business Basics: Product Liability Insurance is a Nonnegotiable Priority

Canna Law Blog

With Juul recently in the news and vaping bans going into effect around the country (see our recent coverage here , here , here and here ), marijuana companies have been asking us questions about what to expect in the near term. In the midst of this uncertainty, we have been stressing to our clients the importance of insurance coverage for your business (see Anatomy of a Cannabis Insurance Policy Part 1: The Basics )– especially insurance that covers your liability for your marijuana- and

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Article: Why the Harborside Tax Ruling is a Big Win for the U.S. Cannabis Industry

Cannabis Law Report

Equities.com report. Taxes are one of the new ghouls scaring the cannabis industry. The Tax Code 280E bars businesses trafficking in controlled substances from taking federal tax deductions from normal operating costs. This rule can drive some cannabis business tax rates to 70%. Many in the industry have bemoaned the law claiming it is a prohibition tax law still in place during a time when cannabis is growing into a billion-dollar industry.

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Canadian Federal Election 2019: What Trudeau’s minority win means for cannabis

Cannabis Life Network

The 2019 Canadian federal election came to an end last night, with Justin Trudeau once again coming out on top, winning the mandated to return to Ottawa as our Prime Minister, albeit this time with a minority government. So with the Liberals staying in power for a second term, does that mean it’s business as […]. The post Canadian Federal Election 2019: What Trudeau’s minority win means for cannabis appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks.

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Tweet: FDA & FTC Issue Warning Letter To FL’s Rooted Apothecary

Cannabis Law Report

The Food and Drug Administration (FDA) and Federal Trade Commission (FTC) have sent a warning letter to Fl CBD company, Rooted Apothecary, on Tuesday, alleging that the business made several unsanctioned claims about the therapeutic benefits of their products. The federal agencies accused Rooted Apothecary of unlawfully asserting that their cannabidiol products could treat symptoms of conditions such as ADHD, Parkinson’s disease, ear aches, ADHD and autism.

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Today’s Answer of the Day

TheAnswerPage

Smoking is one of the most common modes of administration for recreational users.Is smoking the most commobn mode of administration for medical marijuana patients? No. In fact, smoking is prohibited in some medical marijuana legal jurisdictions. See Answer. See Answer.

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Good Tax News for the Cannabis Industry: California Repeals 280E limitation for Personal Income Tax

Cannabis Law Report

October 22 2019 Hanson Bridgett write… Existing law, the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA), among other things, consolidates the licensure and regulation of commercial medicinal and adult-use cannabis activities and authorizes persons to conduct specified commercial cannabis activities, as defined, in the state.

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“Cannabis 2.0” Launches in Canada on Thursday, Industry Struggles With Limited Outlets

The Joint Blog

Even though marijuana has been legal in Canada for over a year, cannabis stocks have lost half their market value. Although “cannabis 2.0” launches Thursday, legalizing marijuana derivatives including edibles, beverages, extracts, and vape pens, the market may still be in for a “bumpy ride”, reports Reuters. Although cannabis 2.0 takes effect on Thursday, actual sales of the products it legalizes won’t begin until December.

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Cannabis vaporizer company Pax Labs cuts 25% of workers after missing revenue projections

Cannabis Law Report

In an emailed statement to Marijuana Business Daily , Pax spokeswoman Dianne Gleason said: “In light of evolving business priorities, we have made the difficult decision to part ways with 65 members of our team, or 25% of the organization, effective (Monday).”. Full story at. Cannabis vaporizer company Pax Labs cuts 25% of workers after missing revenue projections.

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Weed and Worry — The Immigration Consequences of Engaging in the Cannabis Trade

The Blunt Truth

The legal cannabis business is spreading like weeds. As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. Investments in the cannabis industry are now available as ETFs (Exchange Traded Funds) , and marijuana startups are proliferating at every step along the supply chain.

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Frost Brown Todd Update: The latest hemp laws state-by-state: September 2019

Cannabis Law Report

In September, three states authorized the retail sale of hemp-derived CBD, one state Board of Pharmacy rescinded its negative guidance on CBD, and two states published proposed hemp rules. However, five states announced limitations on hemp food or beverage products and two states expanded hemp product labeling requirements. Below is a review of the latest hemp legal changes listed state-by-state.

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Cannabis Theft Becoming an Issue – but it is the Wrong Kind of Cannabis

WeedAdvisor

One universally notorious consequence of legalization is that large grow operations a ripe for the picking by thieves. Given the size of some of these fields, keeping every area safe is a logistical nightmare. Consequently, it is not hard for thieves to sneak in and take plants – as is the case with one story reported by ABC News. However, ever since hemp was legalized in the U.S., it effectively became an involuntary decoy for people trying to steal marijuana from local growers.

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USDA will soon release, “interim final rule on hemp regulations”

Cannabis Law Report

Marijuana Moment reports. A top U.S. Department of Agriculture (USDA) official says that the department expects to release an interim final rule on hemp regulations within “the next couple of weeks.”. During a hearing before the Senate Agriculture Committee on Thursday, Sen. Joni Ernst (R-IA) told USDA Deputy Secretary Stephen Censky that there’s been a “big rise in interest” in hemp among farmers in her state since the passage of the 2018 Farm Bill, which federally legalized the crop and its de

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Former VA Official Admits Medical Marijuana Could Save Veterans

The Fresh Toast

Medical marijuana could reduce symptoms of PTSD, depression, and anxiety in veterans, if only the government would begin researching the matter. Continue reading Former VA Official Admits Medical Marijuana Could Save Veterans at The Fresh Toast.

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Article: Company Faces RICO Lawsuit Over “Falsely Advertised” CBD Product after Employee Tests Positive for THC and Loses his Job

Cannabis Law Report

Public support for cannabis reform – whether to legalize medical or adult use marijuana or hemp and hemp-derived products – is at an all-time high. While marijuana reform is moving slowly at the federal level, the federal government legalized hemp and its derivatives as part of the 2018 Farm Bill. Now, companies from Martha Stewart to Walmart are seizing the opportunity to enter the hemp-derived CBD market.

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Poll: Two-Thirds of Americans Support Legalizing Marijuana for Personal Use

NORML

An estimated two out of three Americans believe that cannabis should be legal for recreational purposes, according to nationwide polling data compiled by PPRI (the Public Religion Research Institute) — a non-partisan research and public policy institute. Support for legalization was strongest among self-identified Democrats (79 percent) and Independents (71 percent).

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CohnReznick Article: U.S. Supreme Court case, South Dakota v. Wayfair, Inc

Cannabis Law Report

By Krista Schipp, Director, CohnReznick. When most consumers think of Wayfair Inc (NYSE: W ), it is in terms of furniture and home goods, but Wayfair has now made its way into the cannabis sector. Wayfair refers to the U.S. Supreme Court case, South Dakota v. Wayfair, Inc. , in which the court ruled that states may charge tax on purchases made from out-of-state sellers, even without the seller’s having a physical presence in the taxing state.

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Kelley Drye & Warren: New California Cannabis-Related Bills Make it Off the Governor’s Desk

Cannabis Law Report

On October 12, 2019, California Governor Gavin Newsom announced the following cannabis-related bills were signed into law: AB 37. Allows cannabis businesses to claim state tax deductions and credits available to other legal businesses in the state for each taxable year beginning on or after January 1, 2020, and before January 1, 2025. AB 404. Authorizes a laboratory testing cannabis or cannabis products to amend a certificate of analysis to correct minor errors.

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Weed and Worry — The Immigration Consequences of Engaging in the Cannabis Trade

Cannabis Law Report

By Angelo A. Paparelli on October 22, 2019. The legal cannabis business is spreading like weeds. As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. Investments in the cannabis industry are now available as ETFs (Exchange Traded Funds) , and marijuana startups are proliferating at every step along the supply chain.

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Trivializing Legal Advice

Cannabis Law Report

If you wish to re-publish this story please do so with following accreditation. AUTHOR: aBIZinaBOX Inc. CPAs – Jordan S. Zoot, CPA. PUBLISHER: CANNABIS LAW REPORT. We were prompted to write this note in part by an article published on the Harris Bricken Canna Law Blog entitled, Five Common Problems in California Cannabis M&A Transactions.

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Article: Does It Make Sense to Take Regional Approach to Taxing Legal Marijuana?

Cannabis Law Report

NJ Spotlight reports on the cannabis conversations between Governor’s of 4 NE states that took place last week. Tax was high on the agenda. Here’s the introduction to the report. While tax rates for products like beer and cigarettes often vary from state to state, Gov. Phil Murphy and his counterparts from nearby states are considering a regional approach to taxing legalized adult-use marijuana.