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Indica news
Sixth Time The Charm? Marijuana Banking Bill Sponsor Optimistic About Senate Approval
Earlier this month, the U.S. House of Representatives formally attached a cannabis banking reform amendment to large-scale legislation dealing with innovation and manufacturing. Following the approval of the amendment from sponsor Rep. Ed Perlmutter...
South Africa is currently the third-largest illegal cannabis producer in the world.
In his SONA on Thursday, President Cyril Ramaphosa said that the government would be looking to ease policies to help the hemp and cannabis sectors grow in South Africa. "We will review the policy and regulatory framework for industrial hemp and cannabis to realise...
When Cannabis Businesses face financial distress
After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved in) is...
Washington State Lawmakers Consider Legislation to Increase Social Equity in Cannabis Market
Washington’s Social Equity in Cannabis Task Force has been hard at work since its creation in 2020, and new legislation in the state Legislature now aims to incorporate policies recommended by the task force to increase social equity in the state’s cannabis market....
Tennessee lawmakers push for legalization of medical marijuana
A recent Gallup survey showed 68% of people are in favor of legalizing cannabis. Some Tennessee lawmakers said this is the year the state needs to legalize medical marijuana. Democratic Rep. Jason Powell presented a resolution to the General Assembly to give the...
IRS Official Clarifies That Medical Marijuana Is Not Tax-Deductible Under Federal Law After Misstatement
For anyone left wondering whether medical marijuana purchases are deductible on your federal taxes, the answer is no. But there was some confusion about the tax option after Internal Revenue Service (IRS) National Taxpayer Advocate Erin Collins was asked about the...
Ohio Proposal To Legalize Cannabis Hits Another Roadblock: GOP Leadership
Ohio’s, Senate president Matt Huffman just said no to recreational marijuana. Speaking to reporters, Huffman, a Republican and one of the most powerful figures in state politics, emphasized that no road to recreational marijuana will run through him. “I don’t want...
How Amazon Twitch Is Incorporating Cannabis Under New Policy
Twitch, the popular streaming site owned by Amazon announced new updates for its username policy in an effort to put an end to inappropriate names, highlighting that those with cannabis hinting handles will be allowed. “We want to make Twitch the kind...
US House Passes Cannabis Banking Measure
The U.S. House of Representatives has passed a bill that includes legislation that would enable banks to serve marijuana businesses without fear of reprisal, but it’s currently unclear whether the measure will pass the full Congress. The SAFE Banking Act was similarly...
‘The bud Bowl’: California’s legal marijuana sales give Super Bowl 56 an added high
Whether it involves a joint, an edible, or yet another cannabis product, it will be a Super Bowl first. On Sunday, some fans will walk into a marijuana dispensary, such as one less than two miles from SoFi Stadium. Inside, they’ll find not only pre-rolled...
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