California hemp interests are celebrating after a push by marijuana regulators and the governor to strictly regulate intoxicating hemp-derived cannabinoids under state law failed in the Legislature.
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US alerts hemp sector to new Chinese CBD regulations
China is shifting its regulations on CBD production that could lead to legalized production in the East Asia country, according to a memo from the U.S. Department of Agriculture.
Marijuana MSOs set up high-risk fight with IRS over 280E of tax code
Tens of millions of dollars in tax savings and a quick increase in available cash are some of the immediate short-term benefits for the five major marijuana multistate operators that have declared their freedom from Section 280E of the Internal Revenue Code.
Florida-based Trulieve hits back over ‘Canadian marijuana company’ claim
Trulieve Cannabis Corp. is the biggest marijuana company in Florida – and, to be clear, it is absolutely a Florida business.
North Dakota adult-use marijuana initiative advances to ballot for third time
For the third time in six years, North Dakota voters will consider whether to legalize adult-use marijuana.
New York still reviewing adult-use marijuana license applications from 2023
New York regulators hope to finish reviewing adult-use marijuana business license applications filed in late 2023 “by the end of the year.”
Rescheduling, Farm Bill trigger cannabis industry lobbying blitz
Encouraged by the first tangible steps toward federal marijuana reform in a generation – and threatened by hemp-derived competitors – MJ companies are spending more than ever to win friends and influence lawmakers in Congress, an analysis of federal lobbying disclosures shows.
Trump touches on legal marijuana, says he’ll weigh in ‘soon’ on Florida adult use
Donald Trump, the Republican nominee for the 2024 presidential election and a Florida voter, said during an extended news conference he’ll weigh in “fairly soon” on the Sunshine State’s adult-use marijuana legalization effort.
Cannabis MSO Curaleaf swaps CEOs, stakes out new 280E tax position
Boris Jordan is succeeding Matt Darin as CEO at cannabis operator Curaleaf Holdings, which is taking a new tact on its federal tax liability.
Missouri regulators recall 2,600 cannabis products over improper testing
Missouri regulators recalled more than 2,600 cannabis products after discovering they weren’t properly lab-tested.
Harris’ vice president pick, Tim Walz, means a pro-marijuana Democratic ticket
Democratic presidential nominee Kamala Harris’ selection of Minnesota Gov. Tim Walz as her vice president on Tuesday is encouraging news for the $36 billion U.S. marijuana industry, advocates.
Leading Democratic senators call for marijuana to be ‘entirely’ descheduled
Marijuana should be removed from the Controlled Substances Act altogether, not just moved to a lower, lesser-policed classification, leading Democratic senators told federal law enforcement authorities in a letter.
