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Cannabis News

4 Billion - time for France to legalize?

The Economic Benefits of Cannabis Legalization in France

Recent studies underscore the transformative potential of cannabis legalization in France, projecting significant fiscal and societal benefits.If enacted, legalization could generate nearly €3.4 billion annually through taxation and savings—a compelling figure that highlights its multifaceted advantages.Fiscal WindfallsA regulated cannabis market in France offers a robust opportunity to fill state coffers. Through excise taxes, sales taxes, […]

Wyden Hemp Bill vs. California’s Ban on Hemp

Wyden Hemp Bill vs. California’s Ban on Hemp: Advocating for Thoughtful Regulation, Not Hasty Bans

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  The federal landscape for hemp and cannabinoid regulation has often been unclear, allowing for misinterpretation and loopholes. With a rapidly evolving industry, it’s no surprise that legislative efforts are ongoing. Recently, Senator Ron Wyden introduced a bill aimed at establishing federal regulations for hemp-derived cannabinoids like CBD. While this bill represents a significant step […]

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NY Cannabis Excise Tax Good for Many, But Small Firms Lose Out

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New York state cannabis businesses are now subject to a 9% excise tax, effective this month. The state’s move to an excise tax from a potency tax will help some cannabis businesses survive a difficult market, while smaller businesses may lose out.The tax that aims to support legal expansion of the cannabis market by “simplifying, streamlining and reducing” obligations falls unevenly […]

Cannabis Reclassification Would Trim Tax Burden But Not Quickly

Cannabis Reclassification Would Trim Tax Burden, But Not Quickly

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Reprinted with permission of Bloomberg Tax The Drug Enforcement Administration recommended that cannabis be transferred from its status as a Schedule I controlled substance to Schedule III under the Controlled Substances Act. This means cannabis has been found to have accepted medical use and low potential for abuse. When this process is complete, the cannabis industry’s federal […]

DEA Rescheduling - What's The Realistic Timeline

DEA Rescheduling of Cannabis: How Long and What Will Happen – Realistically?

U.S. cannabis is headed for uncharted territory. With the news that the Drug Enforcement Agency is recommending that cannabis be transferred from Schedule I to Schedule III in the Controlled Substances Act, tremendous tax consequences are about to be unleashed, with further implications for banking and interstate commerce down the line. But this transfer won’t […]

Recreational Adult Use Cannabis in Pennsylvania - How Close Are We?

Adult Use Cannabis in Pennsylvania: How Close Is It, Really? — Part 2: The Controversy Surrounding Adult Use

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In this 2-part series, we investigate the possible legalization of adult use cannabis in Pennsylvania. Part 1 examines the two bills being currently debated by the state legislature and compares the fees, taxes, and social equity aspects of each. Part 2 investigates the concerns and controversy surrounding each bill and tries to answer the question: […]

Unpacking the Impact of Taxes on Cannabis Companies in California

Unpacking the Impact: CDTFA’s Strain on California’s Cannabis Industry, Recent Developments, and Industry Advocacy

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LOS ANGELES–California, a trailblazer in the legalization of recreational cannabis, has faced challenges as the industry seeks to establish itself and cannabis companies in California make great efforts to flourish within the state. The California Department of Tax and Fee Administration (CDTFA) has emerged as a pivotal player, sparking debates and concerns within the sector […]

Unpacking the Impact of CDTFA's on taxes in California cannabis industry

Unpacking the Impact: CDTFA’s Strain on California’s Cannabis Industry, Recent Developments, and Industry Advocacy

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LOS ANGELES–California, a trailblazer in the legalization of recreational cannabis, has faced challenges as the industry seeks to establish itself and flourish within the state. The California Department of Tax and Fee Administration (CDTFA) has emerged as a pivotal player, sparking debates and concerns within the cannabis sector.  In this article we delve into the […]

Navigating The Evolving Texas Cannabis Landscape

CBD, Hemp, Medical Cannabis: Navigating Texas’ Evolving Cannabis Landscape

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Cannabis and hemp, derived from the same plant, can be hard to tell apart by sight or smell. But their legal paths are quite different: hemp is legal, while cannabis is still illegal. In 2019, Texas passed a law that made hemp legal but kept cannabis illegal. This has caused confusion across the state. Some […]

Texas Takes Advantage of the 2018 Farm Bill

Texas Takes Advantage of the 2018 Farm Bill

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  When Texas Governor Greg Abbott signed Senate Bill 339, also known as the Texas Compassionate Use Act, into law in 2015, many Texans expressed frustration. The purpose of the act was to allow the THC treatment of illness via prescription, opening up the state’s medicinal cannabis market. However, the act authorized only low-THC cannabis […]

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