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IL Cannabis Tax Cuts Approved (Newsletter : May 30, 2023)

May 30, 2023 by Tom Angell


Nikki Haley and marijuana; Republican veterans research bill in Congress, TX cannabis measures fail with no Senate votes

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Top Things to Know

Illinois lawmakers sent Gov. J.B. Pritzker’s (D) budget bill contains provisions that allow marijuana businesses to take state tax deductions, which they are not allowed to use at the federal level because of 280E.

Nikki Haley, Republican presidential candidate and Nikki Haley’s opponent, said that she believes marijuana legalization should be decided “at the state level”, regardless of federal prohibition.


  • “It is a place where people can demonstrate the power of their voices.”

Rep. Rep.

Senate leaders refused to schedule votes before the end of session on bills passed by the Texas House to decriminalize cannabis, facilitate expungements, and allow chronic pain sufferers to access medical marijuana as an alternative to opioids.

Ari Hoffnung, Bridge West Consulting’s principal, argues in a recent Marijuana Moment opinion piece that Minnesota’s upcoming cannabis legalization will be a great state to start a marijuana-related business due to its unique features.

Federal

On June 15, the National Institute of Justice is hosting an event on THC isomers.

/ STATES

The Connecticut House of Representatives has passed a bill that allows social equity cannabis growers to open outdoor facilities outside of areas designated as being disproportionately affected by the drug-war.

Wisconsin’s Senate Minority Leader spoke of how residents of her state spend money on legal marijuana in other states.

A New York Senator is calling for Gov. Kathy Hochul (D), support the safe consumption of illegal drugs.

California regulators have adopted emergency regulations relating to the tracking of cannabis products that leave licensed retail establishments in delivery vehicles.

Mississippi regulators have proposed new rules for medical cannabis certification.

Michigan’s top marijuana regulator talked about the tax revenue that the state generates from legal cannabis sales.

Oregon’s Measure110 Oversight and Accountability Council has terminated a grant with a substance abuse recovery nonprofit that was accused of financial violations related to the use of funds provided under the state’s drug decriminalization laws.

Vermont regulators are hosting a Q &A session on the medical cannabis program Thursday.

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LOCAL

San Diego officials in California will host a workshop Thursday on the proposed Cannabis Equity Rules.

International

The Czech Republic’s National Drug Policy Coordinator said that the government’s plan to legalize marijuana may end up in front of the European Court of Justice.

The Philippine Justice Secretary said that the government would soon review its drug policies in order to treat substance abuse as a public health issue.

/ SCIENCE AND HEALTH

The study looked at “the potential use of cannabinoids and/or cannabis extracts to reduce inflammation.”

The study showed that psychedelics were associated with “substantial” changes in other drug use. 43.8% of participants reduced or stopped alcohol consumption, 42.5% decreased or stopped antidepressant usage, and 42.4% decreased or stopped cocaine use.”

/ ADVOCACY, OPINION AND ANALYSIS

The editorial board of the Pittsburgh Post-Gazette is calling on Pennsylvania legislators to pass legislation protecting medical cannabis patients from DUI arrests.

BUSINESS

Canopy Growth Corporation has been targeted by a class-action lawsuit. The suit alleges, among other things, that the company failed to inform investors of material weaknesses in their internal controls for accounting and financial reporting.

Aleafia Health Inc. has launched a process of strategic review “with the aim of maximising value” for its shareholders.

Carnival Cruise Line brand ambassador stated that it will continue to use drug detection dogs due to “people believing it is legal and permitted to use marijuana while on their cruise”.

CULTURE

Le’Veon Bell, a football player who has admitted to smoking marijuana before matches, said that he had done so.

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The article Illinois cannabis tax reductions approved (Newsletter May 30, 2023 first appeared on Marijuana Moment.

Tom Angell
Author: Tom Angell

About Tom Angell

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