The marijuana movement in North America has come an incredibly long way in a relatively short amount of time. Looking back to 1995, not a single U.S. state had given the green light to medical marijuana, medical cannabis was still illegal to our north and south, and a mere 25% of surveyed adults by Gallup […]
federal marijuana laws
More Banks Working With Marijuana Businesses, Despite Federal Moves
The number of banks that are willing to work with marijuana businesses is steadily climbing, even after the Department of Justice revoked protections for state cannabis laws, new federal data shows. By the end of March, 411 banks and credit unions in the U.S. were “actively” operating accounts for marijuana businesses, according to a report […]
Marijuana May Be Legal In Colorado, But Only For Legal Citizens
Marijuana may be a multi-billion dollar industry in Colorado, but cannabis is still illegal federally — so any job in the industry can be considered trafficking in a controlled substance. Normally, this hasn’t been a tricky distinction for the industry’s state-licensed employees, except by one standard. Their immigration status. Simply having a job in a […]
Curbelo, Blumenauer Introduce Bill to Treat Legal Marijuana Businesses Fairly Under Tax Code
Press Releases Washington, D.C. – Today, Representatives Carlos Curbelo (FL–26) and Earl Blumenauer (OR–3) introduced the Small Business Tax Equity Act of 2017, H.R. 1810. This legislation will amend Section 280E of the Internal Revenue Code to allow marijuana businesses operating in compliance with state law to utilize common tax deductions and credits. Section 280E currently prohibits businesses that […]
Legislation Introduced in Congress to Regulate and Tax Marijuana Like Alcohol at the Federal Level; Statement Below From the Marijuana Policy Project
PRESS RELEASE Measures filed in the House and Senate on Thursday would remove marijuana from the Controlled Substances Act and create a federal regulatory process for states that choose to regulate the cultivation and sale of marijuana for adult use Additional bills filed in the House and Senate on Thursday would eliminate many of the […]
Business leaders form New Federalism Fund to support state-based cannabis trade
PRESS RELEASE New Federalism Fund will champion transparent regulation of state-based cannabis industry Denver, CO (03/21/17) – A coalition of companies related to the legal cannabis industry have announced the formation of the New Federalism Fund (NFF), an effort dedicated to working with Congress and the administration to protect current state-based regulatory systems for the […]
White House Says Expect Greater Enforcement of Federal Marijuana Laws
White House press secretary Sean Spicer said Thursday that he expects states to see “greater enforcement” of the federal law against marijuana use, a move that would be at odds with a growing number of states’ decisions to legalize it. Spicer, taking questions from reporters at the daily briefing, differentiated between the administration’s positions on […]
21st Century Cures Act A Huge Positive For The Cannabis Industry
By Jason Napodano On December 7, 2016, the U.S. Senate passed the 21st Century Cures Act. President Obama said he plans to sign the bill into law as soon as it hits his desk. The Act, which is designed to facilitate FDA approval of new drugs and medical devices, is a major win for the […]
Workplace Zero Tolerance Still In Effect As Medical Marijuana Hits Ohio
Medical marijuana will be legal in Ohio next week, raising a series of issues for employers and employees alike. The bottom line: Not much will change, even after the law takes effect Sept. 8. Regardless of what state law says, marijuana is illegal on the federal level and employers will retain the right to establish […]
