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IRS Official Offers Tax Advice To Marijuana Businesses And Says Feds Expect Industry To Keep Growing

IRS Official Offers Tax Advice To Marijuana Businesses And Says Feds Expect Industry To Keep Growing

by InfluencER | Sep 28, 2021 | Politics and Law

The Internal Revenue Service (IRS) says it expects the marijuana industry to continue to grow, and it’s offering some tips to cannabis businesses on staying compliant with taxes while the plant remains federally prohibited. In a blog post on Monday, IRS’s De Lon...
L.A. County District Attorney George Gascón Announces Office Will Dismiss 60K Old Cannabis Convictions

L.A. County District Attorney George Gascón Announces Office Will Dismiss 60K Old Cannabis Convictions

by InfluencER | Sep 28, 2021 | Politics and Law

L.A. County District Attorney George Gascón said Monday that his office will dismiss nearly 60,000 old marijuana convictions. “Dismissing these convictions means the possibility of a better future to thousands of disenfranchised people who are receiving this...
New York Governor Says Marijuana Legalization Will Create ‘Thousands’ Of Jobs And Touts Regulatory Appointments

New York Governor Says Marijuana Legalization Will Create ‘Thousands’ Of Jobs And Touts Regulatory Appointments

by InfluencER | Sep 27, 2021 | Politics and Law

The governor of New York says marijuana legalization will generate “thousands and thousands of jobs” in the state, and she’s touting her recent actions to make regulatory appointments for the industry to get implementation underway. At the Business Council of New York...
Some cannabis firms see ‘disaster’ in federal legalization

Some cannabis firms see ‘disaster’ in federal legalization

by InfluencER | Sep 27, 2021 | Politics and Law

Cannabis entrepreneurs spent decades longing for Washington’s blessing — but now a vocal corner of the industry is afraid federal marijuana legalization poses an existential threat. Two in three Americans live in a state that has approved the sale of recreational...
Draft of Mississippi medical marijuana bill reveals details to grow legal pot

Draft of Mississippi medical marijuana bill reveals details to grow legal pot

by InfluencER | Sep 27, 2021 | Politics and Law

Mississippians wanting to grow or process medical marijuana will have a variety of licensing options available to them, according to the draft of the medical marijuana bill that lawmakers have agreed to pass. The draft, which was obtained by the Daily Journal, lists a...
House Officially Passes Defense Bill With Marijuana Banking Protections, But Key Senators May Block Path Ahead

House Officially Passes Defense Bill With Marijuana Banking Protections, But Key Senators May Block Path Ahead

by InfluencER | Sep 24, 2021 | Politics and Law

The U.S. House of Representatives on Thursday approved a large-scale defense spending bill that includes an amendment to shield banks that work with state-legal marijuana businesses from being penalized by federal regulators. Now advocates and industry...
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