Author: News Room

A congressman has reintroduced a bill that would amend an Internal Revenue Service (IRS) code known as 280E to allow state-legal marijuana businesses to finally take federal tax deductions that are available to companies in other industries. Rep. Earl Blumenauer, founder of the Congressional Cannabis Caucus, refiled the Small Business Tax Equity Act on Monday. The measure been introduced several times over recent sessions but has never advanced to a hearing or vote. “State-legal cannabis businesses are denied equal treatment under 280E,” Blumenauer said in a press release. “They cannot fully deduct the cost of doing business which means they…

“If the meeting served to remind companies of that obligation, then the CRC has done its job. Let me make this very clear—it is time that we favor people over profits.” By Sophie Nieto-Muñoz, New Jersey Monitor Curaleaf can continue selling recreational cannabis at all of its New Jersey locations after the state’s cannabis regulators reversed a decision they made Thursday that would have sharply limited where the company can sell weed. Monday’s vote came during an emergency meeting of the Cannabis Regulatory Commission called to address Curaleaf’s application to continue growing and selling recreational marijuana. The newest vote—which grants…

The Colorado House of Representatives has approved a bill that will allow adults to buy marijuana online—which supporters say will help businesses that have depended largely on cash transactions that put them at risk of crime. The legislation from Reps. William Lindstedt (D), Said Sharbini (D) and Robert Rodriguez (D) passed the House in a 40-23 vote on Saturday. It would strike language from existing statute that explicitly prohibits cannabis from being sold on the internet, while adding regulations to provide for online commerce. Adults 21 and older would still need to physically pick up the marijuana products from the…

We’re excited to announce that Chicago Atlantic will be joining us as a Bronze Sponsor of Cannabis Europa London, 2023.  Chicago Atlantic is a credit-oriented investing platform seeking to capitalize on investment opportunities that are time-sensitive, complex, or in dislocated markets, where risk is fundamentally mispriced. On becoming a Bronze Sponsor for Cannabis Europa London 2023, a spokesperson for Chicago Atlantic said: “Chicago Atlantic are delighted to be sponsoring the VIP Networking Lounge on the 2nd and 3rd May at Cannabis Europa, London. As the largest lender in the US to the high growth cannabis industry with over US$1.2bn in…

A Washington State bill to promote research into psilocybin and create a pilot program to provide therapeutic access to the psychedelic for mental health treatment is heading to the governor’s desk following final approval in the Senate. The chamber first passed the legislation from Sens. Jesse Salomon (D) and Liz Lovelett (D) last month, and the House advanced it with an amendment to form the pilot program last week. The Senate concurred with that change on Friday in a 40-4 vote. Now the bill is on its way to Gov. Jay Inslee (D), who has previously expressed some openness to…

A bill to legalize marijuana in Minnesota is heading to a floor vote after clearing its final committee stop on Monday. Meanwhile, a Senate panel is scheduled to take up a companion measure later in the day. The House Ways and Means Committee passed the legislation from Rep. Zack Stephenson (D) in a voice vote—marking its last stop before the floor after an extensive journey through 15 panels. The Senate version from Sen. Lindsey Port (D) will be taken up by the Taxes Committee on Monday evening. That’s expected to be the second to last panel before it potentially goes…

“The family is planning a celebration in their hometown.” By Anita Wadhwani, Tennessee Lookout Five young children taken from their parents after a traffic stop in Coffee County nearly two months ago have been returned home, a family attorney said Friday. The Tennessee Department of Children’s Service took custody of the children of Bianca Clayborne and Deonte Williams after state troopers pulled the family over for driving with “dark tint and traveling in the left lane while not actively passing” while on their way from their home in Georgia to a funeral for an uncle in Chicago on on February…

We’re delighted to announce that Astrasana will be joining us as a Gold Sponsor of Cannabis Europa London, 2023. Astrasana Holding AG is an internationally active Swiss cannabis company with three further entities in the Czech Republic, Germany and Japan. With a state-of-the-art cannabis flower production facility and a fully automated extraction plant, Astrasana is one of the leading cannabis companies in Europe.  Astrasana comprises a network of companies with shareholdings, exclusive purchasing agreements and its own entities in five countries. The company has revolutionised the cannabis industry by creating a more responsible way to produce and distribute high-quality cannabis…

Four Democratic Pennsylvania senators, including the chief sponsor of a bill to legalize marijuana, are asking a federal court to reject any agreement in a lawsuit that would authorize a safe drug consumption site to operate in their state—citing the same federal law that currently prohibits cannabis. Sens. Sharif Street (D), Christine Tartaglione (D), Anthony Williams (D) and Jimmy Dillon (D) submitted an amicus brief to the U.S. District Court for the Eastern District of Pennsylvania on Wednesday, making a series of arguments against allowing the harm reduction centers, where people could use currently illicit drugs in a medically supervised…

By Karen Bettez Halnon Marijuana-smokers, like members of other close-knit groups, have a special language. But often people in the straight-and-narrow world just don’t understand it. Strange and alien to outsiders are words such as nugs, dank, permagrin, wake’n’bake, blunt, bogarting, Rastafarian, Towlie, or even coffeeshops. After 30 years of full-blown marijuana counterculture, outsiders still remain oblivious to the most special marijuana catchphrase of all: “Four hundred and twenty what?” What outsiders miss, the discerning (and very possibly slightly reddened) eye can find all around. The 420 imprimatur is on bongs, t-shirts, patches, and coffee mugs. Marijuana fans find it…