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States Pushing Cannabis Operations To Be More Earth Friendly

Aside from the many negative impacts of illegal grow operations (banned insecticides, illegal diversion of stream water, unchecked chemical runoff), legal operations can also pack a devastating environmental punch.

With both 420 and Earth Day (4/22) being celebrated this week, there’s an opportunity to take a good, hard look at the environmental impacts of the cannabis industry as well as legislative responses to those challenges.


Sparing 420, Vape Ban Goes Into Full Effect 4/27

Out of all the major couriers, United States Postal Service had the latest cutoff date before the looming vape ban goes into effect. But here we are, the time has finally come and we’re now just shy of a week before we can no longer order vape products with the same ease and low prices that we’ve grown accustomed to.


U.S. Marijuana Consumption Has Risen 56% Since 2018, New Survey Shows

Multi-state operator Cresco Labs (OTC:CRLBF) reported Friday that a survey conducted by its Sunnyside dispensary unit, in collaboration with data specialist YouGov, indicated a significant rise in U.S. marijuana consumption recently.

The survey, in which nearly 5,000 Americans were polled about their cannabis habits, showed that roughly 25% of them have consumed marijuana over the preceding year -- 56% higher than the 16% of a similar poll taken in 2018.


Chuck Schumer calls 4/20 an 'unofficial American holiday' as he makes the case for marijuana legalization

  • Senate Majority Leader Chuck Schumer called 4/20 an "unofficial American holiday."

  • The top Democrat made his case to "end the federal prohibition on marijuana."

  • April 20 is usually a day weed users celebrate the recreational drug.

As weed users across the country celebrate April 20 on Tuesday, Senate Majority Leader Chuck Schumer marked the occasion as an "unofficial American holiday" and made his case for marijuana legalization.


A 420 Miracle: The US Takes a Step Towards Cannabis Legalization after the House Passes a Major Cannabis Bill

The Democrats are working to follow through on campaign promises from the 2020 election as it relates to cannabis legalization or decriminalization. 

Earlier this week, the House of Representatives voted in favor of a bipartisan bill to protect banks that service state-legal cannabis businesses from being penalized by federal regulators. The passing of the legislation represents an important step forward and we will be monitoring the trend from here. 


Cannabis Banking Act Passes House - Again

Cannabis legalization advocates must be feeling a sense a deja vu. Today, the House of Representatives approved legislation (again) that would provide safe harbor for financial service providers to work with cannabis businesses that are in compliance with state laws. Called the SAFE ACT, (Secure and Fair Enforcement) Banking Act, or H.R. 1996, was reintroduced in March by Reps. Ed Perlmutter (D-CO), Steve Stivers (R-OH), Nydia Velazquez (D-NY), and Warren Davidson (R-OH), and had 177 total cosponsors by the time of the vote. The legislation was approved by a vote of 321-101, including a majority of voting Republicans.


Biden’s DEA Pick Anne Milgram & Cannabis Implications

The cannabis community and the DEA have long been at odds over the unjust War on Drugs, and it’s rare that any appointment to this agency provides a glimmer of hope.

President Biden nominated Anne Milgram as head of the Drug Enforcement Administration (DEA), the White House announced on Monday, April 12.


New Poll Shows Almost 70% of Americans Want Legal Cannabis—More Than Ever Before


According to a recent poll, across the country, more Americans want legal cannabis now than ever before.


Considering Opportunities for the Upcoming Federal Taxation of Cannabis

The change in the presidential administration has focused cannabis businesses on the potential for legalization nationwide.

Running parallel to full federal legalization will be a corresponding regulatory and taxation scheme replacing the current regime of IRC §280E which prohibits anything but the cost of goods sold being deducted from a state licensed cannabis operation’s income statement. 

The evolution of the federal taxation of cannabis started with the Marijuana Tax Act of 1937, which applied tax to marijuana used for medicine.

Historians and critics alike maligned this legislation as an attempt to stop the use of cannabis rather than tax it.


President Biden Is Too Busy To Legalize Cannabis? That’s What VP Harris Claims

Despite all of the resistance, the fact is that cannabis legalization is happening right now. State by state, country by country, it’s going global.

When the Biden Administration took the White House, the headlines all clamored that it will be a “good time for cannabis”.

Stocks seemed to echo the sentiment.

Yet, since the administration took office, they fired staffers for admitting they smoked weed in the past, Kamala Harris rolled back her “pro pot stance” to align with the President’s, and now the entire “weed thing” has been put on the back burner.


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