Business

Section 280E of the Internal Revenue Code (IRC) explicitly prohibits businesses engaged in the trade or distribution of either Schedule I or Schedule II controlled substances from deducting expenses on their federal taxes.  Because marijuana is still federally recognized as...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Colorado, Illinois, Louisiana, Maine, Nevada, New York, Ohio, Pennsylvania, and Vermont.  MEDICAL ACCESS California Update: SB 302 awaits a hearing in the Assembly Health Committee...

Now that we are a few months into Twitter allowing cannabis advertisements on their site, we have a better grasp at what is and isn’t allowed for the popular social media website. Just a few months ago it was...

Democratic Gov. Jared Polis has signed legislation (House Bill 1279) into law repealing the ban on the online sale of cannabis products. The law allows licensed retailers, for the first time, to “accept payment online for the sale of...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Louisiana, Maryland, Maine, Minnesota, North Carolina, and Texas. EXPUNGEMENT Louisiana Update: HB 286 has been referred to the House Judiciary Committee and is pending a...

Democratic Gov. Tim Walz signed legislation into law today making Minnesota the 23rd state to legalize and regulate the adult-use marijuana market. “This victory is especially satisfying,” said NORML’s Deputy Director Paul Armentano. “The passage of this law is the...

Members of the U.S. Senate Committee of Banking, Housing, and Urban Affairs must move swiftly to advance legislation normalizing relations between state-licensed cannabis businesses and financial institutions. The advancement of the SAFE Banking Act is crucial to the health and...

Marijuana reform legislation advances in several states. This week’s update highlights legislative developments in Louisiana, Maine, Maryland, Minnesota, Montana, Nevada, New Hampshire, New York, Ohio, Pennsylvania, and Rhode Island.  LEGALIZATION Ohio House Bill 168 creates a regulated market for the adult use...

Federal law enforcement agents and their partners seized nearly 5.7 million cultivated marijuana plants in 2022, according to annual data compiled by the US Drug Enforcement Administration.  According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Louisiana, Maryland, Minnesota, New Hampshire, and Vermont LEGALIZATION Minnesota  UPDATE: HF 100 passed the House 71 to 59. SF 73 passed the Senate 34 to...