Marijuana Politics

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Tue
21
Jan

Mexican Senate Proposes Latest Draft For Cannabis Legalization

Over the weekend, Mexico took its latest step in what has become a seemingly interminable process towards the legalization of adult use cannabis. The country’s Senate published a draft of legislation that would regulate the consumption, production, harvest, packaging, distribution, and other facets of marijuana culture. 

Tue
21
Jan

How Cannabis Businesses Can Prepare for Tax Season

Taxes can give everybody a headache, but perhaps nobody’s tax headaches are bigger than in the cannabis industry. That’s because, when filing their taxes, plant-touching businesses must adhere to the Byzantine regulation of Internal Revenue Code Section 280E.

A Little About 280E

The 280E statute bans businesses from deducting business expenses for gross income associated with the trafficking of Schedule I or II substances. While other businesses can deduct any number of expenses when filing their taxes — employee salaries, rent, equipment, electricity, etc. — 280E limits cannabis companies to only expensing deductions directly related to earning a profit, or the cost of goods sold (COGs).

Tue
21
Jan

Washington State Lawmakers Propose Bill That Would Limit THC in Certain Products

A bill proposed last week by a group of Washington lawmakers would limit the THC content of all non-medical cannabis sold in the state to 10 percent. 

The legislation, co-sponsored by 22 Democrats in the state House, cited “health professionals and researchers [who] continue to find an association between the use of high potency marijuana and the occurrence of psychotic disorders.”

Mon
20
Jan

Taking a Different Approach to Legalization in Arizona

One of the states to keep an eye on this year is Arizona, where several groups have come together to launch a major effort to get adult-use cannabis legalization on the statewide ballot. 

The initiative from Smart and Safe Arizona is “a smart, safe and responsible way, legalizes the sale, possession and consumption of one ounce of marijuana (of which 5 grams can be concentrate) for adults at least 21 years old.”

Mon
20
Jan

All You Ever Wanted to Know About Cannabis Activism

According to the Cambridge Dictionary, activism represents the use of direct and noticeable action to achieve a result, usually a political or social one.

If there’s one thing that history has taught us, it is that social change doesn’t just happen overnight.

Oppressed social groups that are experiencing severe discrimination and harassment have to fight long and hard to obtain and preserve their human rights.

But, thanks to these marginalized groups and their immense efforts, our society keeps evolving and allowing us to enjoy and practice our freedoms to a greater extent.

Mon
20
Jan

America’s Airline Traffic Is Now Full of Weed

Whether O’Hare International Airport in Chicago is “the world’s busiest” terminal for airline traffic depends on how you gauge such superlatives. If it’s by number of passengers, the busiest airport is Hartsfield-Jackson in Atlanta; if it’s by the sheer number of airplanes taking off and landing, the United Airlines hub in Chicago remains “busier” than anywhere else on the globe.

Mon
20
Jan

Tests find some early Arizona hemp crops have too much THC

Arizona’s budding hemp-growing industry is suffering growing pains as levels of THC that are too high force some farmers to destroy crops instead of harvesting them.

About 41% of the Arizona hemp plants tested for THC, the compound that gives marijuana its high, have failed, according to the Arizona Department of Agriculture’s Plant Services Division, which oversees the program.

Growers in other states around the country have had issues managing the THC content of hemp plants, with crops in Hawaii and Nebraska also testing too high, but not as much as in Arizona's early months, the Arizona Republic reported.

Arizona began issuing hemp-growing licenses to farmers in 2019 and harvesting started later that year.

Mon
20
Jan

Will The FDA Soon Treat Hemp CBD As A Dietary Supplement?

This would be a significant change as the FDA has long held that Hemp CBD cannot be classified as dietary supplement.

The Food and Drug Administration (FDA) may soon change its tune on hemp-derived CBD (Hemp CBD) thanks to a bill recently filed by chairman of the House Agriculture Committee, Rep. Collin Peterson (D-MN) and cosponsored by Reps. Thomas Massie (R-KY), James Comer (R-KY) and Chellie Pingree (D-ME).

Mon
20
Jan

The Unlikeliest State Is Voting on Marijuana in November

Even though marijuana stocks had a miserable 2019, cannabis momentum marches on in North America. For instance, by no later than April 30, we should see Mexico officially become the third country in the world to legalize adult-use weed. That follows the country's Supreme Court ruling mandating that Congress come up with rules to regulate a retail cannabis market in Mexico.

Mon
20
Jan

Governor of New Mexico Starts Campaign to Legalize Marijuana

Calling it a potential “an economic game-changer” for the state, New Mexico Gov. Lujan Grisham initiated a campaign to legalize recreational marijuana. 

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