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
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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
Cannabis industry faces debt reckoning without bankruptcy help
Marijuana companies face $6 billion in debt coming due next year as profits decline industrywide. Struggling cannabis companies are looking to restructure debt to stay afloat as federal legal hurdles remain seeking protection from creditors via bankruptcy filings. If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. … [Read more...] about Cannabis industry faces debt reckoning without bankruptcy help
Weed, Orgasms, and the Eternal Quest for a Better High
I wasn’t even looking for this. Just another late-night internet crawl, half-drunk on exhaustion and my usual cocktail of frustration and curiosity, when the algorithm coughed up a headline so absurd, I nearly choked on my coffee: “Cannabis and Orgasms: The Link Between Weed and Better Sex.” Now, this isn’t my first rodeo with the topic. I’ve written about cannabis and its … [Read more...] about Weed, Orgasms, and the Eternal Quest for a Better High
Cannabis industry faces debt reckoning without bankruptcy help
If it were like most companies on the losing end of a boom and bust cycle, Schwazze could just turn to the U.S. bankruptcy court to keep its creditors at bay while renegotiating its debt. But unlike most businesses, its product — marijuana — is still illegal in the eyes of the federal government. That disadvantage will make it harder for Schwazze and other cannabis companies to … [Read more...] about Cannabis industry faces debt reckoning without bankruptcy help
NY may allow even more pot shops in neighborhoods but some merchants say change would put them out of business
More licensed pot shops would be crammed into New York neighborhoods under a new rule proposed by Gov. Kathy Hochul’s cannabis regulators Thursday — sparking outrage from weed merchants who worry the change would put them out of business. The Office of Cannabis Management’s plan would tighten the buffer zones separating licensed dispensaries in communities in New York City and … [Read more...] about NY may allow even more pot shops in neighborhoods but some merchants say change would put them out of business
Whitmer roads tax plan may drive marijuana shops out of business, experts say
Michigan’s cannabis industry is sounding alarms about Gov. Gretchen Whitmer’s plan to raise $470 million per year for roads by imposing a 32% wholesale tax on marijuana. The governor recently proposed a new $3 billion “Mi Road Ahead” plan that she called “fiscally responsible and balanced.” She said Michigan’s “industry friendly” marijuana tax is the fourth-lowest in the nation … [Read more...] about Whitmer roads tax plan may drive marijuana shops out of business, experts say
In first-of-its-kind case, Western Massachusetts cannabis farm sues neighbor over pesticides
Western Massachusetts cannabis cultivator River Valley Growers is suing a neighboring berry farm for allegedly ruining thousands of pounds of marijuana by wantonly spraying chemicals that contaminated its crop. The lawsuit in Suffolk Superior Court says that the 2022 harvest at Hatfield-based River Valley tested positive for multiple pesticides as a result of actions by Nourse … [Read more...] about In first-of-its-kind case, Western Massachusetts cannabis farm sues neighbor over pesticides
Trump’s New DEA Leader Has A ‘Just Say No’ Stance On Marijuana, Linking Cannabis Use To Suicide Risk And Schizophrenia
President Donald Trump has officially named his pick to lead the Drug Enforcement Administration (DEA)—selecting a decades-long agency veteran and top Virginia official who’s voiced concerns about the dangers of marijuana and linked its use to higher suicide risk among youth. On Tuesday, Trump announced that he’s nominating Terrance Cole to serve as DEA administrator in place … [Read more...] about Trump’s New DEA Leader Has A ‘Just Say No’ Stance On Marijuana, Linking Cannabis Use To Suicide Risk And Schizophrenia
Calls to Reassess Cannabis Risks: New Research Reported
For years, cannabis, America’s favorite weed, was widely viewed as mostly safe. Recent publications have highlighted numerous problematic consequences of cannabis use. Cannabis-related depression, emergency room visits, suicide, and addiction risks are now in focus. Many people think it’s impossible to become addicted to “weed.” Unfortunately, cannabis use disorder (CUD) is a … [Read more...] about Calls to Reassess Cannabis Risks: New Research Reported
