A New Jersey Senate committee approved a pair of bills on Thursday that would allow licensed marijuana businesses to deduct certain expenses on their state tax returns, a partial remedy as the industry continues to be blocked from making federal deductions under Internal Revenue Service (IRS) code known as 280E.Continue Reading
Virginia lawmakers have rejected a bill that would have allow people with serious mental health conditions to possess and use psilocybin mushrooms with a doctor’s recommendation. The legislation from Del. Dawn Adams (D) wouldn’t have legalized the psychedelic per se, but it would have provided an affirmative defense for thoseContinue Reading
New Jersey marijuana regulators have filed proposed rules to allow for cannabis consumption areas where adults 21 and older could use marijuana on-site. The New Jersey Cannabis Regulatory Commission (NJ-CRC) says it “expects the new cannabis consumption area rules to have a beneficial social impact by advancing social equity, whileContinue Reading
Another Minnesota House committee approved a bill to legalize marijuana on Thursday, with about a dozen more panels left to go before it reaches the floor. The House Judiciary Finance and Civil Law Committee passed the measure in a voice vote, with amendments. It now moves to the House EnvironmentContinue Reading
The cannabis plant naturally produces more than 100 cannabinoids, and the 2018 Farm Bill legalized all but one of them. The ruling paved the way for the dawn of the CBD age and opened the floodgates to hemp farms from coast to coast. The surge in hemp production subsequently createdContinue Reading
Recreational Marijuana sales in Connecticut top $2 million in first week Image Cannabis News January 19, 2023 The average purchase is about $44. HARTFORD – Sales of recreational marijuana went over the $2 million mark since retail locations in Connecticut opened their doors last Tuesday. The Department of Consumer ProtectionContinue Reading
County supervisors will vote on another tax break for cannabis growers – who say it’s still not enough. Image Cannabis News January 19, 2023 The Board of Supervisors is scheduled to vote on another tax break for Monterey County cannabis cultivators, who are struggling amid challenging market conditions that haveContinue Reading
Weed delivery driver robberies spike in Michigan Image Cannabis News January 19, 2023 A rash of cannabis delivery driver robberies is taking Michigan by storm. A noticeable uptick in cannabis delivery driver robberies is being reported in Michigan, as authorities scramble to control the problem before it snowballs into somethingContinue Reading
Arizona Cannabis-Themed sandwich franchise hosting event on Jan 20 Image Cannabis News January 19, 2023 Although cannabis has come a very long way since Scott Jennings, the founder of Cheba Hut (which had it’s first location in Tempe, Arizona), sparked up his first toaster sandwich 25 years ago, the brandContinue Reading
NJ Marijuana dispensaries now allowed to create ‘consumption lounges’ with town approval Image Cannabis News January 19, 2023 Marijuana dispensaries across New Jersey can now create a lounge space for customers to use the products after purchasing them. For those who don’t want to smoke at home, this could beContinue Reading
