Seven Republican representatives have introduced a bill to block businesses from claiming tax marijuana deductions for expenses, even if the substance is federally rescheduled. Republican Rep. Jodey C. Arrington, Chairman of the House Budget Committee, introduced a bill last week—co-sponsored by six colleagues—to amend the Internal Revenue Code of 1986 and uphold the ban on tax … [Read more...] about Republicans Seek To Block Marijuana Tax Deductions Amid Potential Rescheduling
How a Plan for Reparations Became a Debt Trap for Marijuana Retailers
In 2023, Roland Conner became the first person with a criminal conviction to open a licensed cannabis dispensary in New York, making him the face of a $200 million effort to turn people once prosecuted for marijuana offenses into flagship sellers. Retailers like Mr. Conner, who already owned profitable businesses like gyms and restaurants, were recruited by state regulators … [Read more...] about How a Plan for Reparations Became a Debt Trap for Marijuana Retailers
Pensacola lawmaker proposes bill to allow homegrown medical marijuana plants
The new bill would allow anyone 21 or older with a medical marijuana card to grow up to two cannabis plants for personal use. The bill also allows for full telehealth appointments with a doctor to get a medical marijuana card rather than requiring the first visit to be done in person. Rep. Alex Andrade is sponsoring the bill because he said Amendment 3 showed majority of … [Read more...] about Pensacola lawmaker proposes bill to allow homegrown medical marijuana plants
Cannabis Stocks Under Trump: Challenges and Opportunities
The cannabis industry has been a wild ride over the past decade, and the Trump years (2017–2021) were no exception. Whether you were watching from the sidelines or diving into the market yourself, the cannabis industry’s ups and downs under Trump were like a blockbuster movie—complete with plot twists, cliffhangers, and plenty of drama. Let’s explore the challenges, … [Read more...] about Cannabis Stocks Under Trump: Challenges and Opportunities
Tens of thousands gather for Hindu festival at Nepal temple, with many lighting up marijuana joints
KATHMANDU, Nepal (AP) — Tens of thousands of Hindu devotees gathered at a revered temple in Nepal’s capital on Wednesday to celebrate one of the country’s biggest religious festivals.In the Bankali forests near Pashupati, the temple of the Hindu god Shiva, holy men and devotees puffed on cannabis smoke, a practice that is normally illegal but is permitted during the Shivaratri … [Read more...] about Tens of thousands gather for Hindu festival at Nepal temple, with many lighting up marijuana joints
Free medical cannabis program launches at West Hollywood dispensary
The Artist Tree is offering free medical marijuana to patients and veterans at its two Southern California dispensaries. The Compassion Program provides free products to patients “suffering from serious medical conditions” and military veterans. The program is available at the West Hollywood and Laguna Woods dispensaries. The company said it expects to help 100 patients … [Read more...] about Free medical cannabis program launches at West Hollywood dispensary
WWE Relaxes Marijuana Policy, Removes It From Banned Drugs List (WWE News)
This was revealed by Michin during a recent appearance on The Speakeezy podcast, who opened up about various topics including the use of marijuana in professional wrestling. The former Mia Yim revealed that WWE has become more accepting of its use, noting that it was removed from the company’s banned substances list a few years ago. She said (h/t Wrestlingnews.co), “Because … [Read more...] about WWE Relaxes Marijuana Policy, Removes It From Banned Drugs List (WWE News)
New Mexico Lawmaker Files Bill to Mandate Medical Cannabis Insurance Coverage
House Bill 527, sponsored by State Representative Cristina Parajón (D), would require health insurance providers to cover medical marijuana as they do other prescription medications. The legislation, if enacted, would amend the Health Care Purchasing Act, the Public Assistance Act, and the New Mexico Insurance Code to mandate insurance coverage for an “adequate supply” of … [Read more...] about New Mexico Lawmaker Files Bill to Mandate Medical Cannabis Insurance Coverage
7 US House Republicans File Bill to Prevent 280E Tax Relief for Cannabis Businesses
Forcing state-licensed cannabis businesses to continue paying punitive taxes on their ordinary business expenses, even should cannabis be federally rescheduled, is now a bicameral effort in the U.S. Congress. Congressman Jodey Arrington, R-Texas, who chairs the House Budget Committee, and six of his fellow representatives in the U.S. House introduced legislation, H.R. 1447, on … [Read more...] about 7 US House Republicans File Bill to Prevent 280E Tax Relief for Cannabis Businesses
N.J. medical cannabis patients feel betrayed as legal weed business booms
Edward “Lefty” Grimes uses cannabis to manage his pain. Grimes has neuropathy, a form of nerve damage, from a back injury he sustained decades ago. After multiple spine and disc fusions he said he was constant pain. “Sometimes it’s burning, sometimes it’s stabbing — sometimes it’s electrical, sometimes it’s dull, but it never gets better,” said Grimes, 57, who lives in … [Read more...] about N.J. medical cannabis patients feel betrayed as legal weed business booms
