Despite a global pandemic that uprooted businesses around the world, the U.S. cannabis market showed no signs of slowing down in 2020, as we had predicted a year ago. Through lockdowns and mask mandates, the industry innovated how consumers purchase cannabis. Brands grew nationwide thanks to increased SPAC involvement and the growth and ambition of […]
Federal legalization
House panel approves marijuana decriminalization, but it faces a long, hard road
A Republican on the House Judiciary Committee said Republicans would oppose the bill and that “it is even less likely that the Senate would take it up.” The campaign to decriminalize marijuana overcame a historic congressional hurdle this week, but opponents and some supporters acknowledge the legislation faces serious obstacles. The House Judiciary Committee on […]
Federal Marijuana Legalization Is Close, Suggests Canopy-Acreage Deal
Sometimes it is necessary to read between the lines. So, when the largest cannabis company in the world enters into a multi-billion dollar deal with a well-known American cannabis firm — one that is set to take effect only after the federal government repeals marijuana prohibition — it is hard not to consider the possibility […]
The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill
CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and […]
A Toxicologist’s Look at Cannabis vs. Alcohol: Why the US Government is Focusing on the Wrong Recreational Drug
Sometimes we observe a car wreck and rubber neck our way until it is out of our sight. I had that feeling during the hearings for Supreme Court Justice Kavanaugh. As I listened to the testimony, it surfaced repeatedly that the incidents in question revolved around heavy drinking. The presumed assault was not committed by […]
Why You Don’t Want Cannabis Rescheduled
As everybody already knows, cannabis is still federally illegal, but a growing number of states have made their stance clear on the subject. Recently, many state representatives have been evaluating every possible angle to create a program that won’t get interfered with by the federal government, especially in light of the recent comments coming out […]
Policy Group of Prosecutors Release Position Paper
The National District Attorney’s Association (NDAA), the organization that “serves as the voice of America’s prosecutors and strives to support their efforts to protect the rights and safety of the people in their communities”, created a policy group of 14 district attorneys on January 20 to advise on law and policy changes. The group just […]
Federal Cannabis Shenanigans
By Matt Walstatter The election of 2016 should have given cannabis proponents great cause to celebrate. Initiatives legalizing recreational cannabis prevailed in four of the five states where they were on the ballot. Medical cannabis triumphed in all four states where it was contested. But this landslide at the state level was overshadowed by the […]
Marijuana Is Still Not Listed in Annual Crop Reports
SALEM, Ore. — Sales and tax figures collected by state agencies may finally solve one of Oregon’s long-running farm crop questions: whether marijuana is indeed the state’s most valuable crop, as cannabis advocates have always maintained. Tight controls and reporting requirements by the Oregon Department of Revenue and Oregon Liquor Control Commission should result in […]
Is Congress Slowly and Quietly Chipping Way at the Federal Ban on Marijuana?
Don’t break out the bong just yet, but Congress is quietly chipping away at the federal ban on marijuana. It’s not happening with a sweeping national law, but through modest provisions slipped into spending bills in recent weeks. For example: Bills funding the Veterans Affairs Department have a line that lifts a prohibition on medical […]
