Jeff Smith

Arkansas Supreme Court paves way for medical cannabis program launch

The Arkansas Supreme Court cleared the way for the state to launch its medical marijuana program, reversing a lower court ruling that prevented officials from issuing the first grower licenses. Pulaski County Judge Wendell Griffen ruled in March that the state’s process for awarding medical marijuana cultivation licenses was unconstitutional. He said the process violated […]

Read More

Key advocacy group Marijuana Policy Project confronts leadership, funding challenges

Cannabis companies have benefited significantly from the legislative policy advocacy work of the Marijuana Policy Project. But the organization, which has been at the forefront of marijuana legalization across the United States, now faces challenges that cloud its future, including a leadership vacuum and a funding crunch. It recently cut its full-time staff by a […]

Read More

Leadership of Drug Enforcement Administration turning over again

The acting head of the Drug Enforcement Administration is stepping down, less than nine months into the position, raising fresh uncertainties about the Trump administration’s marijuana policy. Robert Patterson told employees in an email Monday that the ability to chart the federal drug agency’s priorities had become “increasingly challenging” in his acting capacity, according to […]

Read More

Momentum building in banking industry for support of federal marijuana reform

Banking trade groups are stepping up their support for proposed legislation and seeking better clarity from the federal government about how financial institutions might serve cannabis-related businesses in states where marijuana is legal. The groups represent institutions that in total manage trillions of dollars of assets. They see the huge potential of providing banking services […]

Read More

US Tax Court nixes non-marijuana deductions by medical MJ company

A U.S. Tax Court judge asserted in a recently released decision that the owner of a Colorado medical marijuana business wasn’t entitled to take business deductions for her expenses in selling non-cannabis accessory merchandise such as pipes and papers. The decision against the owner of the defunct Altermeds in Louisville, Colorado, is another shot across […]

Read More

Week in Review: Colorado’s flat marijuana sales, Nevada’s new MJ opportunities & Alaska’s cannabis tax ideas

Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska weighs the idea of a new excise tax tier for marijuana cultivators. Here’s a closer look at some notable developments in the cannabis industry over the […]

Read More

Nevada opens up 84 potential recreational marijuana licenses to limited field

Nearly a year after giving its recreational marijuana program an early start, Nevada is making additional licenses available, but only for businesses that already have permanent or provisional medical marijuana certificates. The program expansion comes at a time when the industry still is growing at a healthy clip: In March, medical and recreational cannabis sales totaled […]

Read More

Colorado sees first flat monthly marijuana sales in April; MMJ fall continues

Total marijuana sales in Colorado were flat in April on a year-over-year basis for the first time since the state launched its recreational market in 2014, reflecting a continued decline in medical cannabis sales. The data is compiled by the Colorado Department of Revenue. The department’s data shows April 2018 sales in Colorado of both medical […]

Read More