Marijuana Politics

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Mon
06
Dec

Janet Yellen Says 'Of Course' Cannabis Companies Banking Billions Would Help IRS

IRS

And the IRS is chomping at the bit.

When Colorado Congressman Ed Perlmutter of the House Financial Services Committee asked Treasury Secretary Janet Yellen on Wednesday if she agreed that giving cannabis companies access to US banks would facilitate tax collection by the IRS, she replied “Yes, of course it would.” 

No one doubts that the IRS would also love to have the cannabis industry’s billion-dollar revenue streaming into its coffers. U.S. banks would likely be delighted to get in on the action as well.

Mon
06
Dec

New Mexico approves public financing for cannabis businesses

marijuana leaf

New Mexico will provide business loans of up to $250,00 toward small-scale cannabis businesses in an effort to provide economic opportunity to communities that were hit hard by past criminal enforcement of marijuana laws.

The Regulation and Licensing Department on Thursday announced that the loan program is moving forward, after a legislative panel provided approval this week.

The New Mexico Finance Authority is planning for a $5 million line of credit for cannabis entrepreneurs, with average loan size of about $100,000. The application process is expected to open in February.

Fri
03
Dec

Local lawyer will fight for Whiteside Co. judge’s ruling on ‘cannabis odor’ in IL vehicles if overturned

cop car

Attorney James Mertes will keep fighting at the appellate level if the ruling is appealed. He represented a local man arrested for possessing 2.6 grams of cannabis.

It's a potential historic ruling that resulted from a simple traffic stop. 

Local attorney James Mertes knows it has the chance to be overturned, but he plans to keep on fighting the idea that the smell of marijuana isn’t reason enough to conduct an unwarranted search of a car in Illinois alone.

“Ultimately this case is at the forefront of reshaping the law,” says Mertes.

Fri
03
Dec

AOC, Joyce Introduce Bipartisan Bill for 'Immediate Relief' From Cannabis Convictions

congress

"Goes to show that lawmakers don't have to agree on everything to find common ground on solutions to the challenges facing everyday Americans."

Drug war foes welcomed the introduction Thursday in the U.S. House of Representatives of a bipartisan bill to help states expunge cannabis convictions by reducing costs and red tape through a new federal program.

"There is no justification for continuing to prevent tens of millions of Americans from fully participating in their community and workforce simply because they bear the burden of a past marijuana conviction."

Fri
03
Dec

Biden’s oil and gas policy falls short on climate goals, House Democrats say

factory

Democrats on the U.S. House Natural Resources Committee on Thursday encouraged President Joe Biden to take stronger action to limit oil and gas production, while Republicans said reducing domestic production would only increase global emissions from overseas suppliers.

Fri
03
Dec

Here are five things to know about applying for a medical marijuana license in Aberdeen

bottles

Medical marijuana business license applications are now available in Aberdeen. 

The application forms went live on the city's website Tuesday. As of late Wednesday afternoon, City Attorney Ron Wager said, no applications had come in.

Given the track record of other cities like Sioux Falls, the dispensary spots might get taken quickly. In Aberdeen, the city council has set a maximum of six dispensary licenses.

Here are five things to know about applying for a medical marijuana business license in Aberdeen.

It's going to be a lengthy process

The application lists the steps and documentation needed in order for it to be considered complete. 

Fri
03
Dec

Minnesota: Medical marijuana program won’t cover anxiety disorders; edibles allowed

cannabis gummy bears

The Minnesota Department of Health said Wednesday it’s not approving anxiety disorders as a qualifying condition for medical marijuana, unlike neighboring North Dakota and three other states.

State Health Commissioner Jan Malcolm said there’s not enough scientific evidence of benefits of medical cannabis use when compared to the possibility of “unintended consequences.” No new conditions will be added to the existing list of 17 qualifying health issues.

“We received many comments from health care practitioners treating patients with anxiety disorder, and they urged us to not approve it as a qualifying medical condition,” Malcolm said.

Fri
03
Dec

Lake County voters to consider local marijuana tax

cannabis

With the legal sale of recreational marijuana set to begin Jan. 1 across Montana, Lake County residents are being asked to weigh in on whether to impose a local tax to benefit county and city governments.

Lake County commissioners on Monday unanimously approved a resolution to hold a special election to determine whether a local-option tax of 3% will be implemented beginning in July. Commissioners produced the resolution after the county’s three municipal governments — Polson, Ronan and St. Ignatius — agreed to hold the vote and contribute to the cost of the election.

Thu
02
Dec

Marijuana Banking Reform: Millions Seek Banking Services Via Defense Act

The feds have a vested interest in allowing marijuana businesses to access banking, if for no other reason than to more effectively collect taxes from them.

Thu
02
Dec

Michigan lab fights back in court after becoming target of $230 million marijuana recall

scientist

A marijuana safety lab is suing the Michigan Marijuana Regulatory Agency (MRA) over a recall that impacted nearly $230 million worth and 64,000 pounds of marijuana products in the state, mostly flower.

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