News

IRS Warns Cannabis Businesses: No Federal Tax Deductions Until 280E Rule Changes

By / June 28, 2024 /

In a recent announcement, the Internal Revenue Service (IRS) reaffirmed that marijuana businesses are ineligible for federal tax deductions on business expenses unless a rule to reschedule cannabis is finalized.…

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Urgent Action Needed on Pennsylvania’s 220-Page Cannabis Bill

By / June 28, 2024 /

Pennsylvania lawmakers are making a strong push for the legalization of adult-use marijuana, arguing that the move would bring significant economic benefits and align with neighboring states that have already…

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Kentucky Opens Applications for Medical Cannabis Businesses

By / June 28, 2024 /

Kentucky’s medical cannabis program is making significant strides to expedite access for those with qualifying conditions. Governor Andy Beshear announced on Thursday that the state will begin accepting applications from…

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Davey Defends Stance on Cannabis Legalization and Smoking Ban

By / June 28, 2024 /

Liberal Democrat leader Sir Ed Davey has insisted that his support for the illegalization of cannabis is not inconsistent with backing a phased smoking ban. His remarks came in response…

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Biden Campaign Highlights Cannabis Reform Successes in New Ads

By / June 28, 2024 /

President Joe Biden has intensified his efforts to promote his administration’s achievements in cannabis reform. Highlighting mass marijuana pardons and the rescheduling of cannabis, Biden’s campaign seeks to contrast his…

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NCAA Supports Removing Cannabis from Banned Substances List

By / June 28, 2024 /

The NCAA has voted to remove cannabis from the list of banned substances for college athletes, effective immediately for Division I players. Historical Context In 2022, the NCAA raised the…

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Biden Administration Advocates Cannabis Pardons, Rescheduling, Citing Reduced Risks

By / June 27, 2024 /

The Biden campaign is intensifying efforts to highlight stark differences in cannabis policies between President Joe Biden and former President Donald Trump. They assert that cannabis is “not as dangerous…

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Delaware Moves Closer to Allowing Recreational Sales at Medical Cannabis Dispensaries

By / June 27, 2024 /

Delaware’s Senate Judiciary Committee has moved forward with a bill allowing existing medical cannabis businesses to sell cannabis to adults, facilitating earlier recreational sales than planned. Details of HB 408…

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RAND Corporation Calls for Federal Role in Shaping Psychedelics Policy

By / June 27, 2024 /

The RAND Corporation has released a report advocating for federal policymakers to take decisive action on psychedelics regulation amidst evolving state and local reforms. Urgency for Federal Decision-Making RAND’s 161-page…

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UN Experts Urge Global Drug Legalization to Combat Illegal Profits

By / June 27, 2024 /

Dozens of United Nations (UN) human rights experts are urging member nations to adopt a less-punitive approach to global drug policies. They emphasize focusing on harm reduction, public health, and…

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Medical Cannabis Business Applications to Begin in Kentucky Next Week

By / June 27, 2024 /

Kentuckians will soon have access to medical cannabis with a key date approaching next week. Starting July 1, the application submission period opens for medical cannabis business applications. Businesses can…

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Minnesota Tribe Launches Cannabis Dispensary Near Treasure Island Casino

By / June 27, 2024 /

New Cannabis Dispensary Near Twin Cities The Prairie Island Indian Community has opened Island Peži, an adult-use retail cannabis dispensary, near Treasure Island Resort & Casino in Red Wing, about…

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