Dec 19 2023
For just the fourth time marijuana tax revenue in Arizona passed $25 million. In total licensed marijuana retail outlets made $25,169,783 in tax revenue from the legal distribution of marijuana in November, based on data released by the Arizona Department of Revenue. Tax revenue comes from the sale of dried marijuana flower and prerolls, as …
Dec 19 2023
Marijuana legalization “appears to improve basketball recruiting outcomes for in-state colleges”, according to a new study. Titled The Effects of Marijuana Legalization on NCAA Men’s Basketball Recruiting, the study was published in the recent issue of the Journal of Sports Economics and conducted by researchers at Georgia College & State University and Kennesaw State University. …
Dec 19 2023
Legislation has been filed in the Florida Legislature that would allow licensed medical marijuana businesses to take tax deductions that they are currently prevented from taking due to federal law. Senator Ana Maria Rodriguez (R) filed Senate Bill 974 on Friday. The measure is seen as at least a partial remedy to Internal Revenue Service …
Dec 18 2023
Colorado’s Institute of Cannabis Research (ICR) announced that they will be allocating $800,000 to fund six different cannabis studies. The studies will be conducted at Colorado State University (CSU) and the University of Colorado (UC), with funding coming from the state’s Colorado Marijuana Tax Cash Fund. The ICR first opened in 2015, and has since …
Dec 18 2023
Bipartisan legislation titled the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act has gained its sixth sponsor. The STATES Act was filed State Representative Dave Joyce (R) earlier this month, with Representatives Lori Chavez-DeRemer (R), Brian Mast (R), Troy Carter (D) and Earl Blumenauer (D) serving as cosponsors. On Friday, Representative Luis Correa (D-CA) …
Dec 18 2023
Legislation that would legalize the therapeutic use of certain psychedelics has been prefiled in the New Hampshire Legislature. Prefiled by State Representative Kevin Verville (R) for the upcoming legislative session that begins in January, House Bill 1693 has been referred to the Health, Human Services and Elderly Affairs Committee. The full text of the measure …
Dec 18 2023
The DEA is seeking to make two currently legal psychedelics Schedule I drugs under the Controlled Substances Act, making them illegal for all uses. “The Drug Enforcement Administration proposes placing two phenethylamine hallucinogens, as identified in this proposed rule, in schedule I of the Controlled Substances Act”, states a notice published on the Federal Register. …
Dec 17 2023
Federal legislation designed to withhold funds from states and tribes that have or plan to legalize marijuana appears unlikely to receive any real consideration in the House of Representatives. The Stop Pot Act was filed in September by Representative Chuck Edwards (R-NC), and it currently has four cosponsors. The measure would withhold federal funding from …
Dec 16 2023
Legislation to allow banks and financial services to provide banking options to state-legal marijuana businesses has 131 sponsors in the House and Senate. In the Senate, the SAFER Banking Act is sponsored by 34% of the entire US Senate with 34 total sponsors. It also has the support of the National Conference of State Legislatures (NCSL), as …
Dec 15 2023
According to a new study, cognitive function improved in a group of patients with advanced cancer who took low-doses of dronabinol, a synthetic THC. The study was published in the journal Palliative Medicine Reports, and it was epublished by the National Institute of Health. It was conducted by researchers at the North Denmark Regional Hospital …
