Industry-hated tax rule 280E remains in effect after Oakland's Harborside Health Center lost a closely watched case in federal tax court. The rule, enacted in the early 1980's blocks plant touching cannabis businesses from deducting their business expenses, which makes it exceptionally difficult to run a profitable cannabis business.
"Harborside may well be the largest marijuana dispensary in America [But] to the [Tax Court] Commissioner that just makes it a giant drug trafficker." Harborside's attorney Henry Wykowski
Trump plans to nominate George H.W. Bush era Attorney General William Barr, to return to the post and replace interim AG Matt Whitaker.
"It's hard to imagine an Attorney General as bad as Jeff Sessions when it comes to criminal justice and the drug war, but Trump seems to have found one," Drug Policy Alliance director of national affairs Michael Collins
Michigan, the latest state to legalize REC and New Jersey, which could take the plunge this month, are facing criticism for plans to charge some of the lowest REC taxes in the country, 16% and 12% respectively.
With 420-friendly Gov.-elect Jared Polis(D) about to take the reins, 2019 could see the most substantial changes to Colorado cannabis laws since legalization in 2014.
A class action lawsuit charges retailer MedMen with labor law violations.
Sacramento-based Sequoia Analytical Labs surrendered its temporary license after its lab director admitted to falsifying the results from hundreds of pesticide tests.
48. Weed on Wall Street with Business Insider's Jeremy Berke
New York-based reporter Jeremy Berke joins Alex and Donnell to discuss how Wall Street banks are wading into the green rush. Plus, a few words on data firm Headset’s partnership with mainstream data juggernaut Nielsen and the accounting giant Deloitte.
US Surgeon General Dr. Jerome Adams said the country should rethink which drugs are banned by the controlled substances act.
A Marin County medical and pharmaceutical coalition claims it has developed a way to expand production of THCV, a lesser known cannabinoid believed by some to have valuable medical properties.
“The only thing that THCV does is it’s analgesic and anti-inflammatory, it’s neuroprotective, which means it protects the nervous system...It’s anti-nausea and vomiting. It helps with bone health and bone formation, it’s sleep-promoting, it’s anti-epileptic, it’s anti-anxiety. It’s a major anti-psychotic. And it helps with appetite suppression, it’s anti-diabetic and it’s anti-cholesterol," Marin County psychiatrist Dr. Michael Moskowitz said. “Other than that it didn’t do that much.”
A federal lawsuit claims Wayne County (Detroit) sheriff's deputies impounded her car after she was cited for buying a dime bag.
Several Canadian Bishops signed a letter calling cannabis use for pleasure "sinful behavior" and a matter to bring up in Confession.