National Medical Cannabis Business & Marijuana Legal News

Cannabis industry tax fix not included in final Senate reform bill

A repeal of the 280E section of the federal tax code for law-abiding marijuana companies was not included in the final version of the landmark tax bill that the U.S. Senate passed early Saturday, despite a last-minute amendment attempt by Colorado Republican Sen. Cory Gardner. An amendment that would have exempted state-compliant marijuana companies from 280E […]

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280E repeal possible as part of GOP tax package

The Republican tax reform bill currently being debated in the U.S. Senate may end up including a repeal of 280E for state-licensed marijuana companies if a last-minute bipartisan amendment makes it into the legislation. The amendment – offered by Republican U.S. Sen. Cory Gardner of Colorado – would essentially exempt cannabis companies from 280E as long […]

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Sessions: Justice Department still discussing marijuana enforcement

Attorney General Jeff Sessions and his Department of Justice have yet to make up their minds about how to approach federal marijuana policy. That’s the latest from Sessions when it comes to the Trump administration’s murky cannabis policy. During a Wednesday press conference, he said that DOJ officials had been discussing marijuana enforcement “at some […]

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AG Sessions confirms status quo on cannabis policy

Despite Attorney General Jeff Sessions’ decidedly anti-marijuana statements since he took over the U.S. Department of Justice, it appears cannabis businesses are safe from his agency for the time being. According to The Cannabist, when asked Tuesday during a congressional committee hearing regarding the DOJ’s policy on the marijuana industry, Sessions replied: “Our policy is […]

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White House rejects medical marijuana as opioid alternative

In a move that brought scathing condemnation from a Florida Republican congressman, the White House’s commission on the opioid epidemic has rejected calls to support medical marijuana as an alternative for pain patients. The commission “specifically declined to endorse the use of marijuana for pain,” The Washington Post reported. In addition, the commission’s chair, New […]

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Public banks offer hope for marijuana businesses, but will they arrive in time?

By Omar Sacirbey With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among MJ entrepreneurs and a growing number of cities and states: the formation of public banks to serve the cannabis industry.

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AG Jeff Sessions demurs on federal marijuana crackdown

U.S. Attorney General Jeff Sessions on Thursday declined to say whether the Department of Justice is planning any sort of cannabis crackdown or prosecution of state-licensed marijuana businesses and instead left open the door for future federal law enforcement actions against the MJ industry. “I can’t comment on the existence of an investigation at this […]

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Sessions backs marijuana research, but balks at expanding it

During testimony before the U.S. Senate Judiciary Committee Wednesday, Attorney General Jeff Sessions said he supports “more competition” in cannabis research but that he isn’t inclined to grant permits to everyone who applied for permission to study the plant. According to The Cannabist, Sessions said in a response to Sen. Orrin Hatch – a Utah […]

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Obama-era attorney general blasts Jeff Sessions over cannabis views

A U.S. attorney general under President Barack Obama laid into the nation’s current top law enforcement official and said that current AG Jeff Sessions has an “almost obsession with marijuana.” Eric Holder – who served as U.S. attorney general from 2009 to 2015 – said during a speech at the John Jay College of Criminal Justice […]

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Possible repeal of 280E for marijuana businesses: Q&A with Rep. Carlos Curbelo

By John Schroyer

The 280E section of the federal tax code has been the bane of law-abiding cannabis businesses for years because it typically results in plant-touching companies paying enormous tax bills to the IRS.

But that could change, perhaps even this year, if Congress were to pass the Small Business Tax Equity Act.

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