Legal & Regulatory News for Marijuana Businesses

Registered but unlicensed cannabis grow raided in Northern California

A commercial cannabis grow in California that had been legally registered and apparently attempted to obtain legal permits was recently raided by local law enforcement agents after a county ban on marijuana cultivation took effect. Calaveras County Sheriff’s deputies raided a grow in Railroad Flat and seized more than 1,300 cannabis plants, as well as […]

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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 […]

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Cannabis foes crow about MJ banking measure stalling in congressional committee

A pro-cannabis industry banking amendment stalled this week in a House of Representatives committee, and marijuana opponents quickly crowed that “Big Pot” had suffered a defeat. But the development illustrates the political war for marijuana reform is far from over, despite big industry names throwing serious capital at Washington DC lobbying efforts. “Allowing banking access to the […]

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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 […]

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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 […]

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Fed Reserve chair: Without lawmakers’ guidance, banks can’t take cannabis money

The chairman of the Federal Reserve signaled at a news conference the central bank is not prepared to give federally chartered banks a green light to serve marijuana businesses in legal markets – at least until lawmakers clarify discrepancies between state and federal law. “This is a very difficult area, because many state laws permit […]

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US senators back medical marijuana protections in key spending bill

Members of a U.S. Senate subcommittee this week included key protections for medical marijuana businesses in a spending bill widely acknowledged to be a must-pass measure by the full chamber. The Senate panel’s action is the latest sign of widening political support for states’ rights to legalize and regulate cannabis without meddling by the federal government. […]

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Alaska eyes new tax tier for cannabis cultivators in face of black-market demand

Alaska’s Department of Revenue is mulling a third tax tier for cannabis cultivators in an apparent bid to make the state’s legal marijuana prices more competitive with the black market. That’s according to Ken Alper, director of the state’s tax division, who was speaking at Alaska’s Marijuana Control Board on Wednesday. Here are the basics […]

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Boehner: Federal government shouldn’t meddle in state cannabis industries

Former House Speaker John Boehner, an Ohio Republican and one-time marijuana opponent, has stepped up his advocacy on behalf of the MJ industry by taking to the airwaves to say Uncle Sam shouldn’t interfere in state-legal cannabis markets. “If the states decide they want to do this, this is up to them,” Boehner said when asked […]

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