Category: News

New York Senate Passes Bill Allowing Tax Deductions for Marijuana Businesses

Just three days after its introduction a New York bill to allow marijuana businesses to take standard state tax deductions has been passed by the full Senate. Senate Bill 7508, filed by Senator Luis Sepulveda, has now been sent to the state Assembly. Passage in the Assembly would put the measure before Governor Kathy Hochul. …

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Arkansas: $23.9 Million in Medical Marijuana Sold in April, $94 Million Year-to-Date

Medical marijuana sales in Arkansas were just shy of $24 million in April, according to data released by the Department of Finance and Administration. The $23.9 million worth of medical marijuana and medical marijuana products sold in April brings the year-to-date total to almost $100 million at $94 million. This is virtually to the same …

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Arkansas Bill Establishing Gun Rights for Medical Marijuana Patients Becomes Law

Arkansas legislation that codifies gun rights for medical marijuana patients has become law. House Bill 1784 amends Arkansas’ gun laws to explicitly establish legal rights for medical marijuana patients. The measure was passed through the full Senate by a vote of 26 to 3, and was passed by the House of Representatives 82 to 5. …

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Louisiana Marijuana Expungement Bill Passed by Legislature, Sent to Governor

Louisiana’s full legislature has passed legislation that would allow for the quick expungement (removal from records) of convictions related to marijuana possession. Louisiana’s Senate voted yesterday to pass House Bill 286, less than two weeks after it was passed by the House of Representatives in a 69 to 30 vote. Given it was passed by …

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Illinois: $132 Million in Legal Marijuana Sold in May, Year-to-Date Total Almost $650 Million

According to data released by the Illinois Department of Financial and Professional Regulation, the state sold over $130 million worth of legal marijuana and marijuana products in May In May, there was $132,777,299.46 in legal marijuana purchased in Illinois. Of this, $100 million was purchased by those living in Illinois, with the remaining $32.7 million sold …

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Study: Marijuana Use Associated With Lower Risk of Liver Steatosis (aka Fatty Liver Disease)

According to a new study published by the journal PLOS One, adults with a history of marijuana use are less likely than non-users to be diagnosed with liver steatosis (aka fatty liver disease). The study “aimed to assess the association between marijuana use and liver steatosis and fibrosis in the general United States population utilizing …

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Poll: 70% in Louisiana Support Ending Marijuana Prohibition

An overwhelming majority of adults in Louisiana support ending the state’s prohibition on recreational marijuana, according to new polling. According to the poll, conducted by the Reilly Center for Media & Public Affairs at Louisiana State University, 70% of respondents say they support ending the prohibition on possessing “small amounts” of marijuana. This marks an …

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New York Bill Would Allow Marijuana Businesses to Take Tax Deductions

Legislation filed today in the New York Senate would allow marijuana businesses that are legal under state law to take tax deductions that they otherwise would be able to take if they weren’t considered to be federally illegal entities. New York Senate Bill 7508 would alter the state’s existing tax code to allow marijuana businesses …

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California Assembly Passes Bill to Allow Marijuana Cafes

California’s full Assembly has voted to pass legislation that allows marijuana consumption lounges/cafes that can serve freshly made food and beverages (including marijuana-infused products) and host live events. California’s Assembly voted 64 to 9 to pass Assembly Bill 374, filed by Assembly Member Matt Haney. The proposal now goes to the Senate for consideration. “Cannabis …

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New Mexico: $47 Million in Legal Marijuana Sold in May, Over 1 Million Transactions

There was $47 million in legal marijuana sold in May in New Mexico. According to the New Mexico Regulation & Licensing Department, there was $47.7 million in total marijuana sales in May, coming from 1,013,476 different transactions. This is more than the $46.07 million sold in April, and identical to the $47.7 million sold in …

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