Free from the Feds?
Oregon Sen. Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act— that would deschedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales and create a system of permits for businesses to engage in cannabis commerce. This would allow states to establish their own cannabis regulations free from federal interference.
Wyden also introduced another piece of legislation exempting state-legal cannabis businesses from what is known as 280(E), which prevents them from taking normal business tax deductions that are available to operators in other industries. Co-sponsors include Colorado’s senior U.S. Sen. Michael Bennet.
Forbes Article »
From “unalterably opposed” to legalization to “I’m all in”
Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research in an effort to overhaul federal cannabis policy.
Marijuana Business Daily Article »
Riding the hemp wave
The USDA is now working to implement plans for increased hemp research and provision of oversight to state plans for growing hemp. As the USDA makes laws clearer, CBD retailers will enter the U.S. market in a major wave.
Read More »
For a look at the growth of Colorado’s hemp industry:
Colorado Sun Article »
News
6 . . . BILLION Dollars!
/in Economy, Sales /by AdminThe Colorado cannabis industry has eclipsed $6 billion in sales since adult use was legalized five years ago. Last year, sales surpassed $1.55 billion, beating the record of more than $1.51 billion set in 2017, and the state received nearly $1 billion in tax and fee collections.
Denver Post Article »
Autism Advance
/in Medicinal, Politics /by AdminColorado’s House last week passed a bill 63-0 allowing medical marijuana for the treatment of autism spectrum disorders. The Senate is expected to pass it as well, and Gov. Jared Polis has pledged to sign it.
Hickenlooper is now touring the country as he considers a presidential bid, touting Colorado’s cannabis industry. He noted at an event hosted by The Brookings Institution that he was “famously against” legalization, especially because of the possibility that more teenagers might increase their consumption, but that now “we’re seeing evidence that the new system [of marijuana legalization] is intrinsically better” than prohibition. “We haven’t seen a spoke in teenage consumption… our worst fears have not happened,” he said.
Hmm.
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Mayor speaks to Colorado Leads
/in People, Politics /by AdminDenver Mayor Michael Hancock spoke to both the Colorado Leads board and its members Tuesday, noting that the Colorado cannabis industry is a “model for the world.”
It’s like it never happened . . .
/in Crime /by AdminDenver begins clearing residents’ records of low-level marijuana offenses
Following Colorado’s lead . . .
/in Legislation /by AdminColorado Leads member Dixie Brands weighs in on the issue of state-by-state regulations.
Forbes Article »
Presidential Candidate Quotable . . .
/in People, Politics, Uncategorized /by Admin“I think (cannabis) gives a lot of people joy. And we need more joy.”
Sen. Kamala Harris, D-Calif., who wants to legalize marijuana across the nation if elected president.
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Bulletins from the Beltway
/in Hemp, Legislation, People, Uncategorized /by AdminOregon Sen. Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act— that would deschedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales and create a system of permits for businesses to engage in cannabis commerce. This would allow states to establish their own cannabis regulations free from federal interference.
Wyden also introduced another piece of legislation exempting state-legal cannabis businesses from what is known as 280(E), which prevents them from taking normal business tax deductions that are available to operators in other industries. Co-sponsors include Colorado’s senior U.S. Sen. Michael Bennet.
Forbes Article »
Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research in an effort to overhaul federal cannabis policy.
Marijuana Business Daily Article »
The USDA is now working to implement plans for increased hemp research and provision of oversight to state plans for growing hemp. As the USDA makes laws clearer, CBD retailers will enter the U.S. market in a major wave.
Read More »
For a look at the growth of Colorado’s hemp industry:
Colorado Sun Article »
Headlines
/in Businesses, Health, Medicinal, People /by AdminChronic pain is the most common reason people give when they enroll in state-approved medical marijuana programs. That’s followed by stiffness from multiple sclerosis and chemotherapy-related nausea, according to an analysis of 15 states published Monday in the journal Health Affairs.
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Colorado Leads member LivWells buys a Fort Collins Infinite Wellness Center
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Willie Nelson officially launched his brand Willie’s Remedy and its first product: coffee infused with “certified organic, full-spectrum hemp oil grown in Colorado.”
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Upcoming Events
/in Events /by AdminSaturday, February 16, 10am – 4pm
Cannabis Career Fest
Wednesday, February 20, 7-11pm
Sensi Night
Colorado Cannabis Companies Continue To be Viewed as Legitimate Businesses
/in Businesses, Politics, Uncategorized /by AdminColorado’s congressional delegation is being criticized by an anti-marijuana group for taking campaign contributions from the cannabis industry. U.S. Rep. Ed Perlmutter not only shrugged off the criticism, he defended the industry.
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And what is more than the Better Business Bureau? The Greater Denver’s Better Business Bureau is now accrediting cannabis companies as it does businesses in any other industry.
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