A shortfall in cannabis sales could impact programs for the unhoused in Aurora. Part of the city's marijuana sales tax revenue is used to fund homeless services. According to the city of Aurora, marijuana funds available to homelessness services agencies dropped from $3.9 million for 2023 to $1.4 million to 2024. Earlier this year, the City of Aurora took grant applications … [Read more...] about Shortfall in marijuana sales tax revenue in Colorado will impact Aurora homeless
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Injunction-delayed Albany pot store sells from trailer in Loudon Plaza
ALBANY — The owner of a delayed marijuana dispensary, due to a state Supreme Court injunction blocking new retail license processing, has partnered with an online retailer and delivery service to sell cannabis products from a trailer ahead of its opening. Royale Flower is selling cannabis products from a trailer set up outside its upcoming store at Loudon Plaza, 350 Northern … [Read more...] about Injunction-delayed Albany pot store sells from trailer in Loudon Plaza
Blunts: Congress’ Research Says Keep Weed Taxes Low
Earlier this month, the Congressional Research Service (CRS) released a report that recommended low federal cannabis taxes to avoid unfair pressure on the industry. According to the report, cannabis advocates who claim that legalizing the drug would provide a new tax revenue source for the government may not be considering the potential economic impact of overburdensome taxes … [Read more...] about Blunts: Congress’ Research Says Keep Weed Taxes Low
Chuck Schumer Says ‘Time Has Come’ To End Prohibition of Cannabis
Senate Majority Leader Chuck Schumer told Yahoo News! in a recent interview that believes the end to the federal cannabis prohibition is on the horizon, with legislation to provide cannabis industry access to banking services in the works. He’s talking about the Secure and Fair Enforcement Regulation Banking Act (SAFER Banking Act) which was passed in late September by a … [Read more...] about Chuck Schumer Says ‘Time Has Come’ To End Prohibition of Cannabis
‘Scammed by my own state.’ Missouri man won’t get refund for weed license application
Getting a license to grow marijuana in Missouri would have been life changing for Shannon Low, a chance to secure a stable future for his family. When the Missouri Department of Health and Senior Services began accepting applications for newly created micro-licenses intended to help underserved groups join the marijuana market, Low, who owns a marijuana gardening supply … [Read more...] about ‘Scammed by my own state.’ Missouri man won’t get refund for weed license application
Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes
Lawmakers sent a letter to federal officials Nov. 14 requesting that they update “out-of-date” guidance on providing banking tools to cannabis business owners convicted of past cannabis-related crimes. The letter, sent by a group of 20 Democratic members of the House and Senate to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), … [Read more...] about Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes
Chuck Schumer wants to end the federal prohibition on weed: ‘The people are on our side’
Senate Majority Leader Chuck Schumer believes an end to the federal prohibition on marijuana is finally within reach, thanks to a bipartisan piece of legislation that would give the cannabis industry access to banking services — something that has been elusive since states first began to legalize recreational marijuana more than a decade ago. “Its time has come,” Schumer told … [Read more...] about Chuck Schumer wants to end the federal prohibition on weed: ‘The people are on our side’
Weed Stocks Hit After Snoop Dogg Quits Smoking
After Snoop Dogg announced on Thursday that he was giving up smoking, the share prices of a number of cannabis companies suffered a blow. The 52-year-old musician, whose real name is Calvin Broadus, became known for his love of the recreational drug over the years and made the surprise announcement to his social media followers. "After much consideration & conversation … [Read more...] about Weed Stocks Hit After Snoop Dogg Quits Smoking
Connecticut Task Force To Study Allowing Sale Of Homegrown Marijuana Has Yet To Be Formed, With Report Due In January
A task force to study whether individuals who grow their own cannabis at home should be allowed to sell their product at cannabis events has yet to be formed despite the statute requiring the task force to submit a report in January of 2024. The Task Force to Study Impact of Authorized Cannabis Sales and Retail Events Organized for Such Sales was part of a 2023 omnibus … [Read more...] about Connecticut Task Force To Study Allowing Sale Of Homegrown Marijuana Has Yet To Be Formed, With Report Due In January
Parties appear to have reached agreement in CAURD lawsuit that has held up N.Y. cannabis industry development
A group of New York service-disabled military veterans suing New York's Office of Cannabis Management's Conditional Adult-Use Retail Dispensaries program appear to be close to reaching a settlement with the state. In a motion filed Monday, Brian T. Burns, counsel for the plaintiffs, said the parties had reached an agreement in principle. The lawsuit claimed the legal cannabis … [Read more...] about Parties appear to have reached agreement in CAURD lawsuit that has held up N.Y. cannabis industry development