Biden reverses claim that marijuana is 'a gateway drug'

Former U.S. Vice President Joe Biden backed off his previous statement that cannabis is “gateway drug” while also insisting he hadn’t made such a claim. Biden, one of the leading contenders for the Democratic presidential ticket in 2020, told reporters during a media call that marijuana does not lead to the user becoming addicted to other, more powerful substances, according to The Hill and other media outlets.

California regulators warn cannabis landlords about illicit activity

California regulators sent more than 400 warning letters to landlords telling them they have “information” their property is being used for illegal marijuana operations. The letters from the Bureau of Cannabis Control warn the building owners they could face criminal and civil penalties for allowing illegal cannabis activity to occur on their property.

Boston's marijuana social equity plan gets makeover

Boston’s mayor approved an overhaul of the city’s marijuana business review process meant to boost involvement of minority entrepreneurs in Massachusetts’ growing cannabis industry. The ordinance signed by Democratic Mayor Marty Walsh calls for the creation of an independent Cannabis Board, requires half of Boston’s marijuana licenses go to companies from communities affected by the war on drugs and creates a local fund dedicated to supporting minority-owned marijuana companies.

– Associated Press

Canadian cannabis firm Sol Global ends $150M purchase of MI retailer

Sol Global, a Toronto-based investment company focused on the marijuana industry, on Wednesday announced it is terminating the $150 million. cash and stock acquisition of Michigan-based MCP Wellness, which operates retail and cultivation centers in the state. Both Sol Global and MCP Wellness acknowledged that “market conditions do not support a transaction of this size,” according to a news release. Citing similar concerns,  Chicago-based Cresco Labs on Tuesday terminated its $120 million acquisition of Florida’s VidaCann.

California lawmaker questions cannabis tax increase in state

Pending California marijuana business taxes that are expected to lead to price increases when they take effect Jan. 1, are being scrutinized by a state legislator. The tax could send more customers to the less expensive illegal market, Palmdale Republican Tom Lackey told the Los Angeles Times.

Union urges Northeast govs to put labor pacts in adult-use cannabis laws

The largest union representing cannabis workers nationwide is urging a Northeast governors coalition to include labor peace agreements in any joint adult-use regulatory framework. The agreements call for employers not to interfere with union organizing activities. The United Food and Commercial Workers International Union made the request in a letter to six of the region’s governors. A group of Northeast governors met recently to discuss coordinating adult-use legalization.

– Jeff Smith

One comment on “Marijuana taxes

Leave a Reply

Your email address will not be published. Required fields are marked *