News

Alabama Judge Halts Medical Cannabis Licensing

Alabama Judge Halts Medical Cannabis Licensing

By Mary Marty / July 5, 2024 /

Alabama Judge Extends Restraining Order on Medical Cannabis Business Licenses In another setback for Alabama’s medical marijuana market, Montgomery County Circuit Judge James Anderson has extended a temporary restraining order…

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Potential Tax Deductions for Cannabis Companies Without 280E

Potential Tax Deductions for Cannabis Companies Without 280E

By cannabisriskmanager / July 5, 2024 /

Potential Rescheduling of Cannabis Could Revolutionize Industry Finances The cannabis industry has long been constrained by Section 280E of the Internal Revenue Code, which prohibits companies dealing with substances classified…

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4Front Appoints Co-Founder Krane as Board Chair

4Front Appoints Co-Founder Krane as Board Chair

By Mary Marty / July 5, 2024 /

Leadership Transition at 4Front Ventures Arizona-based 4Front Ventures, a vertically integrated cannabis multistate operator, has announced the promotion of Kris Krane to the position of board chair. Krane succeeds Robert…

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Republican Opposition Blocks NC Medical Cannabis Again

Republican Opposition Blocks NC Medical Cannabis Again

By Phil Greenwood / July 5, 2024 /

North Carolina Legislature Fails to Pass Medical Cannabis Bill for Third Year in a Row For the third straight year, a proposal to legalize medical cannabis has failed in the…

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Nevada Rejects 60% of Cannabis Social Equity Lounge Applicants

Nevada Rejects 60% of Cannabis Social Equity Lounge Applicants

By Mary Marty / July 5, 2024 /

Nevada Cannabis Compliance Board Disqualifies Six Social Equity Consumption Lounge Applicants The Nevada Cannabis Compliance Board (CCB) has disqualified six out of ten applicants for social equity consumption lounge licenses,…

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Minnesota AG Moves to Dismiss Lawsuit on Homegrown Cannabis Sales

Minnesota AG Moves to Dismiss Lawsuit on Homegrown Cannabis Sales

By Lisa Fairbanks / July 5, 2024 /

Minnesota’s attorney general has asked a judge to dismiss a lawsuit filed by four cannabis homegrowers who claim that the state constitution allows them to sell their crops without a…

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Eight Iowa Companies Sue State Over Hemp Cannabinoids Law

Eight Iowa Companies Sue State Over Hemp Cannabinoids Law

By Jules Puffings / July 5, 2024 /

Second Group of Companies Sues Iowa Over New Hemp Law Limiting THC Levels A second group of companies is suing the State of Iowa over a new hemp law that…

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Social Workers Urge Biden to Fully Decriminalize Cannabis

Social Workers Urge Biden to Fully Decriminalize Cannabis

By Becci Marti / July 5, 2024 /

Nearly 150 social workers have written a letter to President Joe Biden, urging him to completely remove cannabis from the federal Controlled Substances Act (CSA). They argue that while the…

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Florida Poll Reveals Strong Backing for Cannabis Legalization

Florida Poll Reveals Strong Backing for Cannabis Legalization

By Bayley Greenleaf / July 5, 2024 /

A new poll shows that the marijuana legalization measure on Florida’s November ballot has strong support from voters. Supporters are increasing their efforts with new radio ads to ensure the…

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Federal Health Officials Set Priorities for Cannabis Research

Federal Health Officials Set Priorities for Cannabis Research

By Phil Greenwood / July 5, 2024 /

Federal Health Officials Set Priorities for Cannabis and Cannabinoid Research Federal health officials have released a new report detailing research priorities for cannabis and cannabinoids. The National Center for Complementary…

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