Marijuana Politics

Synonyms: 
congress
senate
police
obama
rand paul
political
Tue
09
Feb

This Is What You Need to Know About Cannabis Banking Laws in 2021

stacks of money and marijuana plants

The prosperous cannabis industry has long faced significant barriers to obtaining financial services. For example, as of June 2020, only 695 banks and credit unions were servicing marijuana-related businesses, according to the latest report from the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. This despite the fact that the North America legal cannabis market was worth $16 billion in 2020. 

Tue
09
Feb

EU Adds CBD To Its List Of Legal Cosmetic Ingredients

person using cbd with make up

Up until now, only synthetic CBD was expressly allowed as a cosmetic ingredient in the European Union’s database.

On February 4, the European Union (EU)’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs added cannabidiol (CBD) “derived from extract or tincture or resin of cannabis” as a legal cosmetic ingredient to its CosIng guidelines.

CosIng is a database of cosmetic regulations that expressly provides for authorized and unlawful ingredients and sets forth their particular purposes and functions.

Tue
09
Feb

The Dutch Fumble First National Recreational Cannabis Cultivation Tender

marijuana plants

It is never easy being green. However, the cannabis industry is no stranger to overcoming stigma if not hurdles. Much less the grotesque ball drops of governments as soon as they get involved—from expanding access to basic regulation.

Tue
09
Feb

Judge rules recreational marijuana measure unconstitutional in South Dakota

legal gavel against some cannabis buds

A Hughes County judge has ruled that a voter-approved amendment to the South Dakota Constitution ending marijuana prohibition in the state shouldn't go forward.

Circuit Court Judge Christina Klinger ruled Monday that Constitutional Amendment A violates the state Constitution on two grounds: It violates the single subject rule, meaning it encompassed more than one topic, and it conflicts with language in the Constitution that provides for its modification.

Tue
09
Feb

How are Industry Leaders in Cannabis Working to Dismantle Systemic Racism?

people protest marching

Cannabis is not the only industry that can act as a microcosm of the world but it may be the most prominent. Cannabis is still federally illegal so there are many areas in which people can be turned away from participating due to previous arrests for cannabis.

During the Fall Emerge 2020 Virtual Cannabis Conference & Expo, Minorities for Medical Marijuana (M4MM) Founder and CEO Roz McCarthy led a panel discussion with industry-leading advocacy organizations. Together, they addressed the myriad concerns surrounding social equity within the cannabis industry.  

Mon
08
Feb

Taxation’s War on Cannabis

legal gavel

Harborside, a California cannabis dispensary, appealed the Tax Court’s decision of tax deficiencies totaling over $29 million dollars for the periods between 2007 through 2012. Harborside’s tax liability stems from the IRS’s denial of deductions under IRC §280E and the disallowances of cost of goods sold reported on Harborside’s tax returns. Internal Revenue Code §280E prohibits tax deductions for businesses whose activities involve a federally controlled substance (within the meaning of schedule I and II of the Controlled Substances Act). Unfortunately, cannabis is still and at the time (of the facts in the case) a Schedule I Controlled Substance. 

Mon
08
Feb

New Jersey Wants Home Cultivation for Cannabis

new jersey car plate

Every new location to legalize cannabis either recreationally or medically, comes up with its own set of rules for exactly what is legal. After the last US election, there were a few new additions to the legalization family, one of them being New Jersey, which legalized for recreational use. However, the State didn’t get everything it wanted. New Jersey wants home cultivation of cannabis to be legalized for its citizens, and right now, it is still not.

Mon
08
Feb

NM lawmakers faced with a number of proposals to legalize cannabis

new jersey state building

New Mexicans who are following the push by many lawmakers to legalize recreational-use cannabis now have plenty of reading material. 

Legislators have filed four legalization bills, two of which have identical language. All of the bills have the same general goal, but with different paths to get there and varying standards of what would and wouldn’t be allowed in a post-legalization New Mexico. Passage of any of the bills is still not a guarantee and given the history of previous cannabis legalization proposals and the legislative process in general, it is likely some pieces of the differing bills will be absorbed into one final bill.

Mon
08
Feb

Ukraine Is Taking Steps To Figure Out The Future of Medical Cannabis

woman with medical mask using a cbd dropper

Last year, Ukraine circulated a poll, supported by the country’s president, that showed most people in the nation currently support medical cannabis in some form or another. Now, most politicians are backing legal, medical cannabis for the country, hopefully leading to a new industry that could provide a major boost for the Ukrainian economy. However, the first step before that can happen is for the country to work out what it wants this industry to look like. 

Mon
08
Feb

Hawaii: Lawmakers push to legalize marijuana for personal use

man cutting marijuana buds

Outside medical cannabis use, more than a half dozen marijuana-related bills, including a measure to legalize its recreational use, have been introduced this legislative session.

Not one had secured a hearing before an assigned committee as of press-time Thursday. Feb. 19 is the deadline for all bills referred to more than one committee to move to their final committee. Bills referred to three committees must reach their second committee by Feb. 11.

 

 


House Bill 7 would legalize the personal use, possession, and sale of marijuana in a specified quantity for those 21 and older, establish a means for licensing marijuana establishments, and subject marijuana sales to excise and income taxes.

Pages

Subscribe to RSS - Marijuana Politics