Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo
FeaturedMarijuana IndustryMarijuana Industry News March 19, 2024 0
The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered “suspicious” just because of the federally prohibited nature of the industry. In the memo, IRS says it is responding... Read more
White House Report Flags Law Enforcement Concerns About Marijuana Legalization For Congress
FeaturedMarijuana IndustryMarijuana Industry News March 19, 2024 0
A new report sent to Congress by the White House’s drug office spotlights concerns of law enforcement agencies around that country that claim marijuana legalization has not diminished the market for unlicensed cannabis products from illicit sellers. The White House Office of National Drug Control Policy’s (ONDCP) budget submission... Read more
Legalizing Marijuana For Adults Does Not Drive Increases In Youth Use, New Federally Funded Study Finds
FeaturedMarijuana IndustryMarijuana Industry News March 19, 2024 0
New federally funded research into the impacts of marijuana legalization on youth use found no association between legal adult-use cannabis sales and the prevalence of consumption among middle-school students. To test whether legal sales led to an uptick in youth use, authors compared middle-school use rates in Nevada and... Read more
Maryland Senate Approves Psychedelics Task Force Bill To Study ‘Equitable And Affordable’ Access To Psilocybin And DMT
FeaturedMarijuana IndustryMarijuana Industry News March 18, 2024 0
The Maryland Senate has unanimously approved a bill to create a psychedelics task force to study and make recommendations on a possible regulatory framework for substances such as psilocybin and DMT. It would be charged specifically with ensuring “broad, equitable and affordable access to psychedelic substances” in the state.... Read more
Montana Supreme Court Clears Path For Lawmakers To Override Governor’s Marijuana Revenue Bill Veto
Marijuana IndustryMarijuana Industry News March 18, 2024 0
“Regardless of Gianforte’s motives in relation to SB442 specifically, he advocates for a troubling precedent.” By Blair Miller, Daily Montanan The Montana Supreme Court on Friday afternoon denied the State of Montana’s request to pause a lower court decision ordering the governor and secretary of state to send out... Read more
Spiritual Health Practitioners Bring ‘Unique, And Uniquely Valuable’ Expertise To Psychedelic-Assisted Therapy, Study Says
Marijuana IndustryMarijuana Industry News March 18, 2024 0
Spiritual health practitioners “bring unique and specific expertise to psychedelic-assisted therapy,” researchers at Emory University concluded in a recently published study, noting that therapy teams could benefit from including the professionals in their work. “Psychedelic dosing often produces highly impactful, and sometimes challenging, experiences with pronounced effects on spirituality,... Read more
As White House Hosts Marijuana Pardon Recipients, It’s Time For Bolder Action From Biden (Op-Ed)
FeaturedMarijuana IndustryMarijuana Industry News March 17, 2024 0
“He should immediately commute the sentences of those sitting in prison for conduct involving amounts of cannabis that are far less than what state-regulated dispensaries routinely handle on a daily basis.” By Sarah Gersten, Last Prisoner Project As President Biden listed off his first-term accomplishments during his State of... Read more
Maine Lawmakers Weigh Bills To Expunge And Seal Marijuana Conviction Records
Marijuana IndustryMarijuana Industry News March 17, 2024 0
“Now that cannabis is legal and profitable in this state, how do we reckon with the injustice perpetuated by its illegal activity dating back to the 1970s with the proliferation of the War on Drugs policies in the United States?” By Emma Davis, Maine Morning Star Maine legalized recreational... Read more
Maryland Senators Approve Psychedelics Task Force Bill In Committee, Days After House Passes Companion Measure
FeaturedMarijuana IndustryMarijuana Industry News March 16, 2024 0
A Maryland Senate committee has unanimously approved a bill to create a psychedelics task force to study and make recommendations on a possible regulatory framework for substances such as psilocybin and DMT. It would be charged specifically with ensuring “broad, equitable and affordable access to psychedelic substances” in the... Read more
Alabama Officials Propose Rules For Medical Marijuana Access For Patients In Healthcare Facilities
Marijuana IndustryMarijuana Industry News March 16, 2024 0
“We still need to consider the caregiver being allowed to administer the product on the premises, but I don’t know how that’s going to be worded.” By Alander Rocha, Alabama Reflector The Alabama Medical Cannabis Commission (AMCC) approved a set of rules Thursday for public comment to safeguard patients’... Read more
