Apr 17 2023
Members of the US House of Representatives have introduced the Small Business Tax Equity Act, meant to level the playing field for legal cannabis businesses by normalizing their federal taxes. The Small Business Tax Equity Act provides an exemption for state-licensed cannabis businesses from federal tax code 280E. That particular code explicitly prevents anyone involved …
Apr 17 2023
Legislation to legalize recreational marijuana was filed today in the North Carolina House of Representatives. House Bill 626 was filed by State Representative Johnnie Autry along with three cosponsors – Representatives Kelly Alexander, Mary Harrison and Zack Forde-Hawkins. The law would allow those 21 and older to possess up to two ounces of marijuana flower, …
Apr 17 2023
Minnesota legislation to legalize recreational marijuana is finally heading to the House floor after being approved by its 15th committee. Today the House Ways and Means Committee approved House Bill 100 on a voice vote, making it the 15th House committee to do so. This finally sends it to the House floor, where it is …
Apr 16 2023
If Australia were to legalize marijuana they would save $1.2 billion each year, which doesn’t account for the potential billions that could be made in new taxes. This is according to the Cannabis in Australia report by Penington Institute. The report also found that more than a third of Australians aged over 14 have used …
Apr 16 2023
The cost of legal marijuana has seen a substantial drop since the start of legal sales in 2020. According to data compiled and released by the Maine Office of Cannabis Policy, the average price of marijuana throughout the state as of the end of March was $8.04. This marks a 49% decrease from the average …
Apr 15 2023
Colorado legislation to allow marijuana stores to sell marijuana and marijuana products online, while also allowing them to deliver it, has been passed by the state’s House of Representatives. According to the official summary of House Bill 1279, “Current law prohibits a licensed retail marijuana store from selling retail marijuana or retail marijuana products over …
Apr 15 2023
According to a new report Portland, Oregon is America’s most cannabis-friendly city, followed by Denver, Colorado and Buffalo, New York. The report, conducted by Real Estate Witch (an online publication from Clever Real Estate) and Leafly, analyzed various criteria including the legality of marijuana, dispensary data, marijuana prices, and more in order to determine the …
Apr 14 2023
Legislation to establish a psilocybin taskforce and pilot program has officially been sent to Washington State Governor Jay Inslee. Washington’s House of Representatives voted earlier this week to pass Senate Bill 5263, with it having already passed the Senate. However, amendments made in the House created a need for the Senate to give the measure …
Apr 14 2023
Medical marijuana was observed to “improve pain intensity scores and HRQoL [health-related quality of life] outcomes in patients with chronic, refractory pain” in a new study published by the British Journal of Pain. Conducted by researchers at the University of Sydney and Westmead Hospital (both in Australia), the objective of the study was to “examine …
Apr 13 2023
Delaware House Bill 1 was delivered to Governor Carney on April 11, with House Bill 2 being delivered tomorrow. The governor has 10 days from the day they reach his desk to determine his approach. Although there is fear the governor may veto the measures, Senator Trey Paradee, the bills’ prime sponsor in the Senate, …
