Marijuana Legalization and Regulatory News for Cannabis Businesses

New California laws allow some marijuana firms to deduct expenses on state returns, help normalize MJ as ag commodity

Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators. On Oct. 12, Newsom signed Assembly Bill 37, which will allow California’s cannabis businesses to […]

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FBI probing potential public corruption in California capital’s marijuana industry

The FBI is investigating suspected corruption involving Sacramento, California, cannabis businesses and public officials. The FBI interviewed marijuana industry officials in California’s capital city over the past few months about potential bribes made in exchange for license approvals and other favorable treatment, The Sacramento Bee reported Monday. The report about the probe comes a day […]

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New California marijuana laws address social equity, labor and vapes

California Gov. Gavin Newsom signed several cannabis-related bills that, among other things, are designed to bolster minority participation in the industry, ensure labor peace and institute a vaporizer cartridge labeling requirement. Here are summaries of the marijuana bills signed into law by the Democratic governor: Senate Bill 595 requires the state to implement a program […]

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California to allow state tax deductions for cannabis businesses

California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom signed a legislator’s proposal into law. Newsom signed into law AB 37, a bill introduced by a fellow Democrat, Assemblyman Reggie Jones-Sawyer The measure will allow such state deductions, starting next year, for cannabis companies that file their […]

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Bloom Farms, Cura Partners settle marijuana lawsuit

California-based cannabis company Bloom Farms settled a defamation lawsuit filed by Oregon’s Cura Partners for an undisclosed sum. Neither company would disclose details of the settlement of the case filed in January in Alameda County Superior Court in California, according to multiple news reports. Cura claimed in the suit that Bloom, an industry rival, had […]

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Nevada governor forms marijuana task force to attack corruption

Nevada Gov. Steve Sisolak on Friday announced he is creating a multiagency task force to “root out corruption or criminal influences” in the state’s legal cannabis market, spurred by federal charges filed against two businessmen with ties to President Trump’s personal lawyer, Rudy Giuliani. The announcement came a day after a federal indictment in New […]

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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more of the week’s top cannabis business news.   MedMen, PharmaCann pull the plug MedMen, a California-based cannabis multistate operator, announced that its planned acquisition of […]

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US Senate leader McConnell expected to discuss marijuana banking reform

U.S. Senate Majority Leader Mitch McConnell is scheduled to talk with cannabis industry executives this week in California about marijuana banking legislation and other issues, perhaps signaling that the Kentucky Republican is open to MJ reform. McConnell is a key gatekeeper in determining whether cannabis banking reform legislation, which recently passed the U.S. House of […]

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Efforts intensify to battle corruption involving local government officials and cannabis industry

Law enforcement authorities across the country, including the FBI, have cast a wide net in their efforts to root out corruption among local government officials overseeing the marijuana industry. The crackdown has ensnared local government and cannabis industry officials in states such as California, Massachusetts and Michigan. Charges have included bribery and extortion. While claims […]

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Washington state temporarily bans flavored marijuana vaping products, targeting a third of top-selling MJ vapes

Washington state health regulators voted overwhelmingly on Wednesday to impose a temporary halt on the sale of flavored tobacco and marijuana vaporizer products, making it the second state after Massachusetts to ban cannabis vapes in some form. The Washington Board of Health voted 7-1 in favor of adopting the 120-day emergency ban, which is set […]

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