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IRS walks back cannabis tax deduction comment (Newsletter: February 15, 2022)

cannamed by cannamed
February 15, 2022
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UT Home approves psychedelics invoice; OH Senate chief will block legalization; Twitch’s marijuana-friendly coverage; Willie Nelson Tremendous Bowl advert

Subscribe to obtain Marijuana Second’s e-newsletter in your inbox each weekday morning. It’s one of the best ways to ensure you know which hashish tales are shaping the day.

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  • Ben Dryfuss, EDIBLZ co-founder: “Marijuana Second has all the time been a fantastic  supply for constant, beneficial information on the marijuana trade.  Now as we begin our first Illinois operations and are contemplating enlargement into different states, we don’t have time to watch each state’s web site.  The invoice tracker permits us to see what’s happening in every state we’re watching, in a single place.  It’s price it simply to save lots of the time navigating Illinois’s web site.”

https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

Rep. Ed Perlmutter (D-CO) stated he’s “assured” his marijuana banking laws is lastly going to make it via the Senate and onto the president’s desk earlier than he leaves workplace on the finish of this yr.

The Utah House of Representatives voted 68-1 to create a activity power to review and make suggestions on the therapeutic makes use of of psychedelics resembling psilocybin for treating psychological well being problems.

Ohio’s Senate president says he gained’t convey a marijuana legalization measure to the ground for a vote, that means that activists who collected sufficient signatures to power the legislature to think about the measure will want extra petitions to put it on the November poll.

The Missouri House of Representatives authorized a invoice to make it tougher to qualify and cross poll initiatives—however included a delayed implementation date {that a} lawmaker says was requested by a present marijuana legalization marketing campaign.

Video game streaming service Twitch’s username coverage replace says references to marijuana are completely wonderful—treating it the identical as alcohol and tobacco. However the Amazon-owned firm bans mentions of psychedelics and “laborious medicine.”

Marijuana icon Willie Nelson known as for the legalization of…comfy sneakers in an advert for Sketchers that aired in the course of the Tremendous Bowl.

  • “To really feel so good, I simply assumed The Synthetic them unlawful.”

/ FEDERAL

The Drug Enforcement Administration Museum proudly displayed a pair of platform sneakers worn by an secret agent within the Seventies.

Senate Majority Leader Chuck Schumer (D-NY) tweeted, “A whole bunch of tens of millions of Individuals dwell in states the place hashish has been legalized in a roundabout way. It’s gone time for the federal authorities to catch up. The Senate will transfer ahead on hashish legalization with justice for the communities most impacted by the Conflict on Medicine.”

Several U.S. senators mentioned their positions on the problem of marijuana legalization.

Sens. Joe Manchin (D-WV) and Marco Rubio (R-FL) filed a invoice to limit the usage of sure federal funds for syringes for the injection of unlawful medicine or units to “smoke, inhale, or ingest narcotics.”

Rep. Mondaire Jones (D-NY) toured a hashish testing facility.

Rep. Nancy Mace (R-SC) stated Republicans ought to “lean in” on marijuana reform.

Rep. Dave Joyce (R-OH) tweeted, “If anybody is aware of the unjust penalties of #hashish criminalization, it’s @weldon_angelos. Humbled to have his endorsement of my bipartisan #HOPEAct, which can assist treatment the Conflict on Medicine the place it’s been most pervasive – on the state and native stage.”

Rep. Mike Garcia (R-CA) tweeted, “In my district, cartels are profiting off the unlawful marijuana market via indentured servant labor, stealing land and water, and threatening Californians!”

Louisiana Democratic Senate candidate Gary Chambers stated his hashish consumption shouldn’t be one thing that needs to be controversial.

/ STATES

Michigan Gov. Gretchen Whitmer (D) issued an govt order consolidating the regulation of marijuana and hemp beneath the newly renamed Hashish Regulatory Company.

Louisiana Gov. John Bel Edwards’s (D) Drug Coverage Board adopted a decision opposing the legalization of marijuana.

Texas Democratic gubernatorial candidate Beto O’Rourke, a former congressman, spoke about his assist for legalizing marijuana at a marketing campaign rally.

South Carolina Democratic gubernatorial candidate Joe Cunningham, a former congressman, tweeted, “By opposing medical marijuana, @henrymcmaster is conserving life-saving medical care from numerous veterans and sufferers throughout SC. Governor, your conspiracy theories about hashish are rooted in lies, concern and Nineteen Fifties propaganda. Time to finish your opposition and assist get this executed.”

Mississippi’s lieutenant governor spoke in regards to the financial affect of legalizing medical hashish.

The Washington State Senate authorized a invoice to extend penalties for robbing marijuana dispensaries, on par with these for robbing pharmacies.

The Oklahoma Legislative Workplace of Monetary Transparency issued a report recommending a moratorium on medical hashish enterprise licenses.

A Maryland delegate tweeted, “The drug battle has led to the mass incarceration of Black & Latinx Marylanders. It’s well beyond time we legalize hashish, launch non-violent drug offenders, in addition to guarantee fairness & reparations for the hurt executed. In the present day, I filed the Hashish Legalization & Fairness Act.” He additionally hosting a sequence of “Weed Weekend” occasions.

A Michigan senator tweeted, “I handed the invoice in Michigan that funded routinely expunging the data for these convicted of non-violent marijuana use.  Now it’s time to legalize marijuana federally & guarantee our sons, grandsons, brothers, and uncles are now not incarcerated & have a clear slate.” He additionally tweeted, “Although we legalized marijuana in Michigan, it’s nonetheless unlawful for banks to supply providers to hashish companies. This implies they function on a cash-only foundation which is harmful for them and our group. It’s time for Congress to legalize and cross the #SAFEBankingAct.”

Arkansas regulators are being sued over a coverage that doesn’t enable docs to situation medical hashish suggestions with out in-person affected person examinations.

Iowa regulators stated they haven’t but gotten any response from the Drug Enforcement Administration a couple of letter requesting a federal exemption for the state’s restricted medical hashish program.

Montana regulators proposed guidelines for failed marijuana laboratory take a look at samples.

Alaska regulators are proposing modifications to guidelines on reinstatement of marijuana enterprise licenses after failure to resume.

Maine regulators issued steering on separation of co-located medical hashish and leisure marijuana cultivation operations.

Colorado regulators despatched an replace on medical hashish rulemaking.

Vermont regulators will assessment marijuana insurance policies on Monday and settle for public feedback at a listening to on Friday.

—
Marijuana Second is already tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this yr. Patreon supporters pledging at the least $25/month get entry to our interactive maps, charts and listening to calendar so that they don’t miss any developments.

Be taught extra about our marijuana bill tracker and turn out to be a supporter on Patreon to get entry.
—

/ LOCAL

St. Louis, Missouri’s mayor toured a black-owned medical hashish dispensary, tweeting, “Black entrepreneurs in St. Louis are main the way in which in direction of what I hope is an inclusive, numerous medical marijuana trade.”

Delavana, Illinois’s mayor spoke about how town is utilizing marijuana income to enhance infrastructure.

Ann Arbor, Michigan is utilizing marijuana tax income to assist folks expunge previous convictions.

/ INTERNATIONAL

The president of Italy’s Constitutional Court docket stated his colleagues mustn’t “nitpick” referendums on hashish and different points, as rumors circulated that the physique could block voters from with the ability to resolve on the proposals this week.

The Spanish Parliament’s medical hashish subcommittee will maintain its first assembly this week.

/ SCIENCE & HEALTH

A assessment concluded that “hashish and cannabinoids could also be efficient in treating sufferers with continual circumstances resembling back pain and spinal cord injuries” however that “longitudinal results and implications on surgical outcomes and issues are poorly understood.”

A assessment concluded that medical trials on psilocybin “produced promising outcomes regarding the therapy of addiction, depression, and end-of-life mood disorders” and it has been proven to “produce sturdy results with minimal toxicity.”

/ ADVOCACY, OPINION & ANALYSIS

A ballot discovered that 65 p.c of Malaysian adults assist decriminalizing medical hashish.

/ BUSINESS

Harborside Inc. closed a $45.4 million tranche of debt financing.

Innovative Industrial Properties, Inc closed on the acquisition of a New Jersey property and entered right into a long-term lease with a subsidiary of Ascend Wellness Holdings, Inc.

MedMen Enterprises Inc.’s chief income officer resigned.

The Harry Reid International Airport tweeted, “We’re not blowing smoke! Save your tremendous bowls for the sofa, not our departure and arrival curbs. As a reminder, the possession and use of marijuana is prohibited on all airport property. Hashish merchandise will be discarded within the inexperienced amnesty bins situated at numerous entrances.”

/ CULTURE

2 Chainz is the second-largest shareholder of  a brand new marijuana dispensary in Los Angeles, California. He additionally stated Snoop Dogg ought to smoke hashish in the course of the Tremendous Bowl halftime present.

Arnold Schwarzenegger talked in regards to the marijuana pranks and Danny DeVito performed on one another.

Ensure that to subscribe to get Marijuana Second’s every day dispatch in your inbox.

Photograph courtesy of Chris Wallis // Aspect Pocket Pictures.

Marijuana Second is made attainable with assist from readers. When you depend on our hashish advocacy journalism to remain knowledgeable, please think about a month-to-month Patreon pledge.





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