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Ohio Medical Marijuana Companies Transition To Recreational Market, Sales Expected Soon
Tuesday, May 21, 2024 - 3:08pm | 718Ohio’s medical marijuana companies are gearing up to enter the legal recreational cannabis market following recent regulatory approvals. Dual-use applications for existing medical marijuana dispensaries that want to sell recreational cannabis products should be available by June 7, according...
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Connecticut Lawmakers Pass Marijuana Tax Relief And Regulation Bills, Gov Lamont's Approval Expected
Thursday, June 8, 2023 - 4:35pm | 705Connecticut lawmakers took a major step toward bolstering the state's marijuana industry by advancing two bills to Gov. Ned Lamont (D) for final approval. The first, a budgetary measure that seeks to provide tax relief to licensed cannabis businesses, which are currently barred from...
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Oregon Rep. Reintroduces Small Biz Bill To Amend Tax Code For Cannabis Companies
Monday, April 17, 2023 - 5:33pm | 751Oregon Congressman Earl Blumenauer is taking another shot at passing the Small Business Tax Equity Act, a bill that aims to amend an IRS code to allow state-legal cannabis businesses to take federal tax deductions. Blumenauer, a House member who founded the Congressional Cannabis Caucus,...
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EXCLUSIVE: Descheduling/Rescheduling Cannabis: Will It Be An Expeditious Path To 280E Relief? 'This Is The One Moment To Do It'
Wednesday, April 12, 2023 - 7:27pm | 857On Wednesday, a panel of experts at the Benzinga Cannabis Capital Conference discussed the issue of the IRS code 280E, which prohibits the marijuana industry from taking federal deductions. This limitation prevents cannabis companies from benefiting from key tax deductions in their federal...
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New York Cannabis MSOs Are Ready To Go Recreational: Execs Share Their Plans
Friday, April 2, 2021 - 1:06pm | 1441On Wednesday, New York became the 15th state to legalize recreational cannabis, after Gov. Andrew Cuomo signed the recently passed bill into law. The legislation — which allows adults over 21 to possess small amounts of cannabis, cultivate up to six plants and buy marijuana from licensed...