As we previously reported , Canada has introduced legislation providing a framework for regulated access to legal cannabis for recreational use. The proposed Cannabis Act provides for overlapping oversight of the legal cannabis industry, with the fede…
“The IRS’ current stance on what marijuana-related businesses can deduct is summarized in Chief Counsel Advice 201504011. It allows for marijuana businesses to deduct some of their cost of goods sold (COGS)…..” This is first of 3 articles covering the issue(s). We will publish part 2 next week.
After reading the following MJ Biz report that reveal the concerns of former board member, Kayvan Khalatbari , the blanket denials by the current executive director that everything is hunky dory ring rather hollow.
Oregon-based Wauna Credit Union has forged a partnership with Arizona tech firm Hypur that will allow the financial institution to service marijuana-related companies, reports MJ Biz Daily.
The $US25 won’t break the bank, actually $US27.50 to be exact. The SGV Tribune has the story.
The only current federal law protecting medical marijuana businesses from U.S. Attorney General Jeff Sessions could expire Friday evening if Congress doesn’t reach an agreement on the national budget, which is set to expire at midnight eastern time. The Rohrabacher-Blumenauer Amendment, which prohibits the Department of Justice from using federal funds to interfere with state […]
Rhode Island’s governor is making another push to expand the state’s medical marijuana program. Gov. Gina Raimondo’s $9.4 billion state budget plan for the 2019 fiscal year includes: Establishing 15 more medical marijuana dispensaries. Adding acute pain to the list of MMJ qualifying conditions. Allowing Massachusetts and Connecticut cardholders to buy medical cannabis in Rhode Island. […]
A Nebraska state senator is proposing a ballot measure that would give Nebraska voters the opportunity to legalize medical marijuana in November, a move that’s been tried before to no avail. Sen. Anna Wishart of Lincoln introduced a proposed constitutional amendment Thursday after several previous legalization bills stalled in the legislature. For example, in 2015, […]
Nevada marijuana growers are displeased with the state’s updated regulations, Congress members counter the DEA’s view of CBD, and New York may take a look at recreational cannabis. Here’s a closer look at some notable developments in the marijuana industry over the past week. Direct sales in Nevada As Nevada finalizes the rules for its […]
Week in Review: Nevada’s unhappy MJ growers, hemp’s friends in Congress & New York weighs adult use is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
A Colorado cannabis company has developed the first hemp seed bred entirely in the United States in the modern era, according to the state’s agriculture department. The Colorado Department of Agriculture said the seed variety, called NWG-Elite, was developed by New West Genetics, a cannabis biotechnology company in Fort Collins. “This is the first U.S.-bred […]