High-Road Cannabis Tax Credit “The High-Road Cannabis Tax Credit (HRCTC) is available for taxable years beginning January 1, 2023 through December 31, 2027. Taxpayers conducting a qualified cannabis business may receive a tax credit of 25% of their qualified expenditures in the taxable year, up to a maximum of $250,000 of credit per year.” Read …
Louisiana Governor Signs Marijuana Expungements Bill Into Law “The governor of Louisiana has signed a bill into law that will streamline expungements for people with first-time marijuana possession convictions. About two weeks after the measure from Rep. Delisha Boyd (D) advanced through the legislature, Gov. John Bel Edwards (D) gave final approval on Monday.” Read …
Louisiana Governor Signs Marijuana Expungements Bill Read More »
Arkansas Court Ruling Could Loosen MMJ Industry Rules “An Arkansas circuit court judge has thrown out more than two dozen state laws that were approved by the legislature for the state’s relatively nascent medical marijuana industry, which launched in 2019. Though the ruling invalidates a host of major rules – such as THC caps for …
Survey: Cannabis Less Harmful than Cigarettes, Vapes, Alcohol, & Opioids “The U.S. Department of Energy (DOE) released an “ A survey by the American Psychiatric Association (APA) and Morning Consult found Americans believe cannabis is less harmful than cigarettes, vapes, alcohol, and prescribed and non-prescribed opioids but more harmful than technology. The survey also found …
Vermont Increases Home Grow Limits and Expands Access for Cannabis Patients “Medical cannabis patients in Vermont can now grow 12 plants, up to six mature, and medical cannabis products can now contain up to 100 milligrams of THC per serving, under legislation that Gov. Phil Scott (R) allowed to become law without his signature. The …
Alabama Pauses Medical Cannabis Licensing Due to ‘Potential Inconsistencies’ in Scoring Data Tabulation “The Alabama Medical Cannabis Commission (AMCC) on Friday voted to pause all proceedings related to the issuance of medical cannabis licenses in the state after the agency’s “discovery of potential inconsistencies in the tabulation of scoring data.” The stay comes just four …
Year-Over-Year Pre-Roll Sales Growth Higher Than Other Cannabis Categories “Year-over-year sales of pre-rolls were higher than any other product category from 2021 to 2022, according to a white paper by Custom Cones USA. From November 2021 to November 2022, pre-roll sales grew 12% in the U.S. and 38% in Canada, according to the paper, which …
Feds Aim To Finish Cannabis Scheduling Review ‘This Year,’ Top Biden Official Tells Marijuana Moment “The head of the U.S. Department of Health and Human Services (HHS) is aiming to present President Joe Biden with a federal cannabis scheduling decision “this year” as agencies work “as quickly as we can” to complete an administrative review, …
NCAA Committee Recommends Removing Marijuana From Banned Drug List “Is it high time that marijuana be removed from the NCAA’s banned drug list and testing protocols for college athletes? The National Collegiate Athletics Association (NCAA) Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) seems to think so. And according to a June 16 …
New York awards adult-use marijuana licenses to Finger Lakes retailers “New York regulators granted the first adult-use marijuana retail licenses in the state’s Finger Lakes region. The state Cannabis Control Board on Thursday announced 36 new licenses statewide, including seven in the Finger Lakes area. It’s unclear when any of the new licensees will be …
USA
8605 Santa Monica Blvd Ste 63454
West Hollywood, CA 90069
Canada
1701 Hollis Street, Suite 800
Halifax, Nova Scotia, B3J 3M8, Canada
