{"id":77972,"date":"2024-09-25T02:12:24","date_gmt":"2024-09-25T10:12:24","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/09\/25\/irs-talks-cannabis-taxes-enforcement-newsletter-september-25-2024\/"},"modified":"2024-09-25T19:46:54","modified_gmt":"2024-09-26T03:46:54","slug":"irs-talks-cannabis-taxes-enforcement-newsletter-september-25-2024","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2024\/09\/25\/irs-talks-cannabis-taxes-enforcement-newsletter-september-25-2024\/","title":{"rendered":"IRS talks cannabis taxes & enforcement (Newsletter: September 25, 2024)"},"content":{"rendered":"

<\/p>\n

CA hemp ban lawsuit; FL legalization ads; AK psychedelics; CO marijuana tourism drops; Pittsburgh cannabis discrimination law; CBD as insecticide<\/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

Your good deed for the day:<\/b> donate to an independent publisher like Marijuana Moment and ensure that as many voters as possible have access to the most in-depth cannabis reporting out there.<\/span>
\n<\/span>
\n<\/span>Support our work at <\/span>https:\/\/www.patreon.com\/marijuanamoment<\/span>
\n<\/b>
\n<\/span><\/a>\/ TOP THINGS TO KNOW<\/b>
\n<\/span>
\n<\/span>Internal Revenue Service Senior Counsel Luke Ortner said the agency will continue to apply the 280E tax penalty on marijuana businesses for years prior to rescheduling<\/span><\/a>\u2014and that the agency could seize assets from cannabis companies that don\u2019t pay what they owe.<\/span><\/p>\n

Members of the hemp industry\u2014including Cheech and Chong\u2019s company\u2014filed a lawsuit seeking to overturn new California rules banning cannabinoid products<\/a> with any \u201cdetectable amount of total THC\u201d that took effect this week.
\n<\/span>
\n<\/span>Alaska Gov. Mike Dunleavy (R) allowed a bill to take effect without his signature to create a task force to study how to license and regulate psychedelic-assisted therapy<\/span><\/a> in the event of federal approval of substances such as MDMA and psilocybin.<\/span>
\n<\/span>
\n<\/span>A new Colorado Legislative Council Staff report attributes declining cannabis revenues in part to \u201cfalling demand as other states across the country legalize marijuana,\u201d<\/span><\/a> noting that \u201cmarijuana tourism became less pronounced.\u201d<\/span>
\n<\/span>
\n<\/span>The Florida marijuana legalization campaign released two new ads:<\/span><\/a> One highlighting the hypocrisy of banning cannabis while alcohol is allowed and another featuring a sheriff who is endorsing the reform initiative on the November ballot.<\/span>
\n<\/span>
\n<\/span>The Pittsburgh, Pennsylvania City Council unanimously approved a measure to ban employers from drug testing workers who are medical cannabis patients<\/span><\/a> for THC, with some exceptions.<\/span>
\n<\/span>
\n<\/span>A new study found that hemp-derived CBD is \u201ca valuable potential resource for developing novel insecticides,\u201d<\/span><\/a> showing that it killed larvae of mosquitoes that spread yellow fever\u2014including one variety that\u2019s resistant to conventional insecticides.<\/span>
\n<\/span>
\n<\/span>The South Dakota Law Enforcement Officers Standards and Training Commission denied police certification to a student<\/span><\/a> in part due to concerns about a previous marijuana arrest.<\/span>
\n<\/span>
\n<\/span>\/ FEDERAL<\/b>
\n<\/span>
\n<\/span>President Joe Biden<\/span><\/a> hosted a Summit of the Global Coalition to Address Synthetic Drug Threats.<\/span>
\n<\/span>
\n<\/span>The Drug Enforcement Administration<\/span><\/a> promoted a video about students who are taking \u201ca stand against vape and marijuana products in schools.\u201d<\/span>
\n<\/span>
\n<\/span>The House Natural Resources Subcommittee on Federal Lands<\/span><\/a> will hold a hearing on a bill containing provisions directing the Departments of Agriculture and Interior to launch initiatives of \u201cenvironmental response to contamination resulting from the cultivation of cannabis by trespassers\u201d on public lands on Thursday.<\/span>
\n<\/span>
\n<\/span>\/ STATES<\/b>
\n<\/span>
\n<\/span>Massachusetts<\/span><\/a> Gov. Maura Healey (D) announced the launch of the Cannabis Social Equity Grant Program.<\/span>
\n<\/span>
\n<\/span>Kentucky<\/span><\/a> Gov. Andy Beshear (D) tweeted, \u201cFor years, Kentuckians living with chronic conditions, PTSD, cancer and more asked for medical cannabis, and we\u2019re making it happen. In 100 days, Kentuckians can apply for medical cannabis cards to receive treatment.\u201d<\/span>
\n<\/span>
\n<\/span>Oklahoma\u2019s<\/span><\/a> attorney general is asking the U.S. Court of Appeals for the Tenth Circuit to to reverse a preliminary injunction that a federal judge issued against a state immigration law he says is needed to crack down on illegal marijuana cultivation operations.<\/span>
\n<\/span>
\n<\/span>The <\/span>Hawaii<\/span><\/a> Supreme Court chief justice appointed the Last Prisoner Project to the new Clean Slate Expungement Task Force.<\/span>
\n<\/span>
\n<\/span>Connecticut\u2019s<\/span><\/a> comptroller published a report on the cannabis Social Equity Council.<\/span>
\n<\/span>
\n<\/span>The <\/span>Florida<\/span><\/a> marijuana legalization campaign has now raised more than $100 million since being formed.<\/span>
\n<\/span>
\n<\/span>New York<\/span><\/a> regulators launched a mapping tool that\u2019s designed to make the marijuana business application process more efficient, transparent and affordable.<\/span>
\n<\/span>
\n<\/span>Illinois<\/span><\/a> regulators announced that cannabis businesses will soon have the ability to renew licenses online.<\/span>
\n<\/span>
\n<\/span>Nevada<\/span><\/a> regulators published a cannabis market study.<\/span>
\n<\/span>
\n<\/span>Vermont<\/span><\/a> regulators will consider recommendations for marijuana business licensure on Wednesday.<\/span>
\n<\/span>
\n\u2014
\nMarijuana Moment is tracking more than 1,500 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>Denver, Colorado<\/span><\/a> officials announced a fourth round of grant applications for social equity cannabis businesses.<\/span>
\n<\/span>
\n<\/span>\/ INTERNATIONAL<\/b>
\n<\/span>
\n<\/span>The <\/span>Czech Republic\u2019s<\/span><\/a> Ministry of Justice is proposing to legalize personal marijuana cultivation.<\/span>
\n<\/span>
\n<\/span>\/ SCIENCE & HEALTH<\/b>
\n<\/span>
\n<\/span>A review concluded that \u201cresearch emphasizes the potential of cannabis-based medication in alleviating tics and premonitory urges associated with <\/span>Tourette syndrome<\/span><\/a>.\u201d<\/span>
\n<\/span>
\n<\/span>\/ ADVOCACY, OPINION & ANALYSIS<\/b>
\n<\/span>
\n<\/span>The Florida Sheriffs Association<\/span><\/a> hosted an official with the prohibitionist group Smart Approaches to Marijuana on its podcast.<\/span>
\n<\/span>
\n<\/span>\/ BUSINESS<\/b>
\n<\/span>
\n<\/span>Washington, D.C.<\/span><\/a> businesses sold $4.5 million worth of medical cannabis in August.<\/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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Photo courtesy of Chris Wallis \/\/ Side Pocket Images.<\/em><\/p>\n

The post IRS talks cannabis taxes & enforcement (Newsletter: September 25, 2024)<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


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\nRead More: IRS talks cannabis taxes & enforcement (Newsletter: September 25, 2024)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CA hemp ban lawsuit; FL legalization ads; AK psychedelics; CO marijuana tourism drops; Pittsburgh cannabis discrimination law; CBD as insecticide Subscribe\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. (function() { window.mc4wpContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":459,"featured_media":77973,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15451],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/77972"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/459"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=77972"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/77972\/revisions"}],"predecessor-version":[{"id":77974,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/77972\/revisions\/77974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/77973"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=77972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=77972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=77972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}