Section 280E in the tax code prevents federally illegal businesses from deducting their expenses. This would include businesses revolving around marijuana, and has a been a thorn in the side for over a decade now. It has resulted in hundreds of millions of dollars left out of the hands of companies due to a lack […]
Florida voters may soon find themselves facing a significant decision on marijuana legalization as the state gears up for the upcoming presidential election. Governor Ron DeSantis has hinted at the possibility of marijuana legalization appearing on the ballots this fall, signaling a potential shift in the state’s stance on cannabis. The matter currently rests in […]
At this point it’s pretty clear that allowing more access to marijuana is generally a popular move no matter where you go in the US. And with a recommendation by the HHS to move marijuana from Schedule I to Schedule III and a likely move by the DEA later this year, Biden is teed up […]
There are just so many studies out there relating to marijuana. And they continue coming in. We see so many forms of news, both good and bad. One day you’ll see a study that shows how weed can improve depression symptoms, and the next you’ll find one that shows the link between early use of […]
In a groundbreaking discovery, scientists at Washington State University (WSU) have identified the intricate workings of the brain responsible for inducing the notorious “munchies” after marijuana use. The findings, published in the journal Scientific Reports, shed light on how cannabis activates specific neurons in the hypothalamus, unraveling the mystery behind increased appetite. For centuries, the […]
Back in September of last year, Jerry Nadler reintroduced the MORE Act, which would legalize marijuana across the country and aid those effected by the War on Drugs. This was the third time it was introduced in the House after passing through twice before and getting nowhere in the Senate. Back in September, was introduced […]
Due to a lawsuit from last year, the Department of Health and Human Services has had to release all of their documents related to their recommendation of rescheduling Marijuana to Schedule III. As of now, it’s a Schedule I drug, the most restricted category. Today, hundreds of pages were released that shed more light onto […]
Wisconsin Governor Tony Evers, a vocal advocate for full-scale recreational marijuana legalization, expressed openness to a more restricted medical marijuana legalization proposed by Republicans on Wednesday. In an interview with The Associated Press, Governor Evers, a Democrat, stated, “I would think that getting it all done in one fell swoop would be more thoughtful as […]
Rhode Island marked a milestone in the cannabis industry as state-licensed businesses surpassed $100 million in sales during the inaugural year of legal adult-use cannabis. Recent data released by the Rhode Island Department of Business Regulation, updated through November, reveals a total of $105.0 million in legal cannabis sales since December 2022. Recreational sales, which […]
With all of the very slow-moving marijuana legislation across the country, it’s easy to forget that the industry still has a huge potential yet to be fulfilled. A new report titled “Cannabis Beats Booze” by the firm TD Cowen reminds us of the exciting years to come. Put under the context of what the marijuana […]
