California Medical Cannabis Business & Marijuana Legal News

New CA 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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Los Angeles attorneys group creates cannabis law practice area

The Los Angeles County Bar Association (LACBA) approved a new law practice section specifically focused on marijuana, a move that could make it easier for a cannabis business operator to find a lawyer knowledgeable in the fast-growing and complex MJ industry. California is the largest legal marijuana market in the world and attorneys are “increasingly […]

Read More

California awards cities $10 million in social equity marijuana grants

Ten cities in California will divide $10 million from the state’s Bureau of Cannabis Control to help social equity programs in those municipalities. Top grant recipients include Los Angeles and Oakland, which will get almost $3.5 million between them. The grant awards, which were delayed from June, also includes Coachella and Palm Springs, which total […]

Read More

CA vape maker Kushy Punch in spotlight amid allegations of illegal cannabis products; firm says goods not for sale

Questions are swirling around a well-known California marijuana vaporizer manufacturer after its facility was raided by state authorities for allegedly manufacturing illegal cannabis vape cartridges. The case involving licensed manufacturer Kushy Punch – which contends the vape cartridges were set to be destroyed – comes as the industry is scrambling to respond to a health crisis […]

Read More

Will Illinois change the social equity landscape for the marijuana industry?

Illinois is set to open recreational cannabis dispensaries Jan. 1 after becoming the first state in the nation to officially legalize adult-use marijuana via its Legislature in June – and the marijuana industry will be watching carefully for several reasons, including the program’s significant social equity component. Industry sources say Illinois’ marijuana companies are at the […]

Read More

Week in Review: Marijuana vaporizer sales rebound, new state vape issues pop up, Californians want additional adult-use MJ stores & more

Cannabis vaporizer sales show an uptick in some key markets even as more state vape bans appear, Californians say they want to see the number of recreational marijuana stores increased, medical marijuana cultivators sue over plant limits in New Mexico – and more of the week’s top cannabis business news. MJ vape sales indicate some […]

Read More