{"id":53638,"date":"2022-03-17T02:24:04","date_gmt":"2022-03-17T10:24:04","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/03\/17\/ny-budget-bills-have-cannabis-industry-tax-break-newsletter-march-17-2022\/"},"modified":"2022-03-17T13:46:14","modified_gmt":"2022-03-17T21:46:14","slug":"ny-budget-bills-have-cannabis-industry-tax-break-newsletter-march-17-2022","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2022\/03\/17\/ny-budget-bills-have-cannabis-industry-tax-break-newsletter-march-17-2022\/","title":{"rendered":"NY budget bills have cannabis industry tax break (Newsletter: March 17, 2022)"},"content":{"rendered":"

<\/p>\n

KS medical marijuana hearings start; Report: Legalization doesn\u2019t increase youth use; GA medical cannabis bills pass; Cannabis bonds proposal floated<\/em><\/p>\n

Subscribe<\/a>\u00a0to receive Marijuana Moment\u2019s newsletter in your inbox every weekday morning. It\u2019s the best way to make sure you know which cannabis stories are shaping the day.<\/p>\n

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Your support makes Marijuana Moment possible\u2026<\/b><\/p>\n

Before you dig into today\u2019s cannabis news,<\/b> I wanted you to know you can keep this resource free and published daily by subscribing to Marijuana Moment on Patreon. We\u2019re a small independent publication diving deep into the cannabis world and rely on readers like you to keep going. <\/span>
\n<\/span>
\n<\/span>Join us at <\/span>https:\/\/www.patreon.com\/marijuanamoment<\/span>
\n<\/span>
\n<\/span><\/a>\/ TOP THINGS TO KNOW<\/b>
\n<\/span>
\n<\/span>New York\u2019s Senate and Assembly<\/span><\/a> included language in budget legislation that would decouple state tax policy from the federal 280E provision, thereby allowing marijuana companies to deduct business expenses in their state filings.<\/span>
\n<\/span>
\n<\/span>The <\/span>Kansas Senate Federal and State Affairs Committee<\/span><\/a> held the first of three planned hearings this week on a medical cannabis bill that was recently filed by the panel\u2019s chairman.<\/span>
\n<\/span>
\n<\/span>The <\/span>Georgia House of Representatives and Senate<\/span><\/a> both passed differing medical cannabis bills aimed at jumpstarting the state\u2019s stalled program.<\/span>
\n<\/span>
\n<\/span>A new analysis from the alcohol and tobacco industry-backed <\/span>Coalition for Cannabis Policy, Education, and Regulation<\/span><\/a> found that state marijuana legalization laws have not led to increases in youth consumption of cannabis.<\/span>
\n<\/span>
\n<\/span>Creating a new <\/span>Cannabis Based Municipal Bonds program in New York<\/span><\/a> could provide social equity entrepreneurs with the startup capital they need to succeed, Ari Hoffnung of Bridge West Consulting argues in a Marijuana Moment op-ed.<\/span>
\n<\/span>
\n<\/span>\/ FEDERAL<\/b>
\n<\/span>
\n<\/span>The <\/span>U.S. Sentencing Commission<\/span><\/a> published a 2021 <\/span>annual report<\/span><\/a> and sourcebook finding that drug trafficking was the most common federal crime type sentenced, accounting for 31 percent of the caseload. <\/span>
\n<\/span>
\n<\/span>Sen. Jon Tester (D-MT)<\/span><\/a> said the Department of Veterans Affairs \u201cneeds to take its cues from the growing number of veterans who find critical relief through medicinal cannabis.\u201d<\/span>
\n<\/span>
\n<\/span>Pennsylvania Democratic congressional candidates <\/span>Summer Lee and Jerry Dickinson<\/span><\/a> said they support decriminalizing marijuana.<\/span>
\n<\/span>
\n<\/span>The House bill to <\/span>deschedule marijuana and fund programs to repair drug war harms<\/span><\/a> got one new cosponsor for a total of 110.<\/span>
\n<\/span>
\n<\/span>\/ STATES<\/b>
\n<\/span>
\n<\/span>Colorado<\/span><\/a> Gov. Jared Polis (D) tweeted that he is \u201cthrilled to see the launch of the Cannabis Business Pilot Grant.\u201d<\/span>
\n<\/span>
\n<\/span>Texas<\/span><\/a> Democratic attorney general candidates Rochelle Garza and Joe Jaworski both support legalizing marijuana.<\/span>
\n<\/span>
\n<\/span>The <\/span>Ohio<\/span><\/a> House Behavioral Health and Recovery Supports Committee approved a bill to create a state Office of Drug Policy.<\/span>
\n<\/span>
\n<\/span>An <\/span>Illinois<\/span><\/a> senator said he is hopeful the chamber will approve a House-passed bill to provide workplace protections for marijuana consumers by the end of the session.<\/span>
\n<\/span>
\n<\/span>A <\/span>Missouri<\/span><\/a> representative called on the ACLU of Missouri to rescind its endorsement of a proposed marijuana legalization ballot initiative.<\/span>
\n<\/span>
\n<\/span>An <\/span>Oklahoma<\/span><\/a> representative filed a bill to use blockchain technology to help regulate medical cannabis. Separately, medical marijuana operations are being robbed by criminals <\/span>posing as regulators<\/span><\/a>.<\/span>
\n<\/span>
\n<\/span>A <\/span>Pennsylvania<\/span><\/a> representative spoke about her bill to require the state to produce psilocybin for use in clinical studies.<\/span>
\n<\/span>
\n<\/span>The <\/span>Montana<\/span><\/a> Supreme Court issued temporary rules\u00a0 for expunging or revising marijuana convictions.<\/span>
\n<\/span>
\n<\/span>A <\/span>Florida<\/span><\/a> administrative law judge issued an order saying that a complaint regulators filed against a doctor who recommended medical cannabis for undercover investigators should be dismissed.<\/span>
\n<\/span>
\n<\/span>Rhode Island<\/span><\/a> regulators proposed <\/span>rules<\/span><\/a> on cannabis extraction.<\/span>
\n<\/span>
\n<\/span>California<\/span><\/a> regulators are accepting public comments on a draft request for applications for a grants program to encourage sustainably grown cannabis.<\/span>
\n<\/span>
\n<\/span>Some <\/span>New York<\/span><\/a> state agencies are sitting on millions of dollars of unspent medical cannabis tax revenue.<\/span>
\n<\/span>
\n<\/span>New Jersey<\/span><\/a> regulators received more than 170 marijuana dispensary license applications on the first day of accepting them.<\/span>
\n<\/span>
\n<\/span>Vermont<\/span><\/a> regulators began accepting applications for marijuana business license prequalification.<\/span>
\n<\/span>
\n<\/span>Minnesota\u2019s<\/span><\/a> Task Force on Medical Cannabis Therapeutic Research will meet on Friday.<\/span>
\n<\/span>
\n<\/span>Nevada<\/span><\/a> regulators will consider marijuana business issues on Tuesday.<\/span>
\n<\/span>
\n\u2014
\nMarijuana Moment is already tracking more than 1,000 cannabis, psychedelics and drug policy bills<\/a> in state legislatures and Congress this year. Patreon supporters<\/a> pledging at least $25\/month get access to our interactive maps, charts and hearing calendar so they don\u2019t miss any developments.<\/strong>
\n\"\"<\/a>
\nLearn more about our marijuana bill tracker<\/a> and become a supporter on Patreon<\/a> to get access.
\n\u2014<\/strong><\/strong><\/span><\/p>\n

\/ LOCAL<\/b>
\n<\/span>
\n<\/span>The <\/span>Seattle, Washington<\/span><\/a> City Council is reportedly considering a new tax on cannabis sales.<\/span>
\n<\/span>
\n<\/span>Portland, Oregon<\/span><\/a> officials published an updated audit of cannabis tax revenue processes.<\/span>
\n<\/span>
\n<\/span>\/ INTERNATIONAL<\/b>
\n<\/span>
\n<\/span>The <\/span>UN Commission on Narcotic Drugs<\/span><\/a> voted to control three chemical precursors used to manufacture fentanyl and its analogues.<\/span>
\n<\/span>
\n<\/span>Danish<\/span><\/a> lawmakers are proposing a five-year marijuana legalization pilot program.<\/span>
\n<\/span>
\n<\/span>London, <\/span>UK<\/span><\/a> police are being criticized for strip-searching a schoolgirl they wrongly suspected of possessing marijuana.<\/span>
\n<\/span>
\n<\/span>\/ SCIENCE & HEALTH<\/b>
\n<\/span>
\n<\/span>A study found that \u201ccannabidiol effectively promoted the apoptosis of osteosarcoma cells in vitro and in vivo and <\/span>suppressed tumor growth<\/span><\/a> in a mouse xenograft model.\u201d<\/span>
\n<\/span>
\n<\/span>A review of MDMA and psilocybin in treating <\/span>mental, behavioral or developmental disorders<\/span><\/a> found that both \u201cmay show promise in highly selected populations when administered in closely supervised settings and with intensive support.\u201d<\/span>
\n<\/span>
\n<\/span>\/ ADVOCACY, OPINION & ANALYSIS<\/b>
\n<\/span>
\n<\/span>The <\/span>ACLU of Missouri<\/span><\/a> endorsed a proposed marijuana legalization ballot initiative. <\/span>Show Me Canna Freedom<\/span><\/a> and other organizations that prefer a competing legalization proposal criticized the move.<\/span>
\n<\/span>
\n<\/span>The <\/span>American Academy of Pediatrics<\/span><\/a> published a column expressing concerns about \u201cdeceptive\u201d cannabis ads\u2019 impact on youth.<\/span>
\n<\/span>
\n<\/span>An <\/span>Illinois Valley Soil and Water Conservation District<\/span><\/a> report concluded that 82 percent of all marijuana grows in that region of Oregon with more than 12 plants were unregistered illegal operations.<\/span>
\n<\/span>
\n<\/span>\/ BUSINESS<\/b>
\n<\/span>
\n<\/span>Schwazze<\/span><\/a> is acquiring Urban Health & Wellness, Inc.<\/span>
\n<\/span>
\n<\/span>TerrAscend Corp.<\/span><\/a> reported net revenue of $49.2 million and a net loss of $5.9 million.<\/span>
\n<\/span>
\n<\/span>CannTrust Holdings Inc.<\/span><\/a> plans to change its name after exiting creditor protection.<\/span>
\n<\/span><\/p>\n

Make sure to\u00a0subscribe<\/a> to get Marijuana Moment\u2019s daily dispatch in your inbox.<\/strong><\/p>\n

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The post NY budget bills have cannabis industry tax break (Newsletter: March 17, 2022)<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


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