Two GOP senators have introduced a bill that would continue to block marijuana businesses from taking federal tax deductions under Internal Revenue Service (IRS) code 280E—even if it’s ultimately rescheduled. Sens. James Lankford (R-OK) and Pete Ricketts (R-NE) filed the “No Deductions for Marijuana Businesses Act” on Thursday to maintain the tax barrier for the […]
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Category: News
Arkansas Senate Passes Bill To Use Medical Marijuana Revenue To Fund Free Breakfasts For Students
The Arkansas Senate has approved a bill to set aside revenue from medical marijuana taxes to pay for free breakfast for students. The legislation, SB 59, would supplement federal free and reduced-price meal funds with money from a state Food Insecurity Fund, paid for by cannabis taxes as well as private grants and money from […]
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iAnthus Arizona Asset Sale Yields $36.5 Million
iAnthus Strengthens Portfolio with $36.5M Sale of Select Arizona Assets to Sonoran Roots Transaction Supports iAnthus’ Focus on Key Growth Markets While Maintaining Presence in Arizona NEW YORK and TORONTO, Feb. 07, 2025 (GLOBE NEWSWIRE) — iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCQB: ITHUF), which owns, operates and partners with regulated […]
Medical Marijuana Is ‘More Effective Than Prescription Medications’ For Treating Chronic Pain, Study Finds
New research on the use of medical marijuana for pain finds that it was “comparatively more effective than prescription medications” for treating chronic pain after a three-month period, and that many patients reduced their use of opioid painkillers while using cannabis. The study, conducted in part by a federal researcher at the National Cancer Institute […]
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Trump’s White House Budget Director Says Marijuana Is A ‘Gateway Drug’ And Pushed To Roll Back State Legalization
Another anti-marijuana official is assuming a critical role in the Trump White House, with the Senate confirming a director of the Office of Management and Budget (OMB) who has called marijuana a “gateway drug” and pushed for the rollback of state-level cannabis reform. The Senate on Thursday confirmed Russell Vought to lead OMB on a […]
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Pennsylvania GOP calls on governor to lead cannabis conversation (Newsletter: February 7, 2025)
NY marijuana banking directory; MD gov touts cannabis pardons; GOP congressman presses RFK on marijuana; Colombian president: legalize cocaine Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your good deed […]
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Hawaii Lawmakers Vote To Delay Consideration Of Marijuana Legalization Bill Until Next Year
Hawaii’s House of Representatives has voted to delay a sweeping proposal that would have legalized marijuana, effectively halting the bill’s progress until next legislative session. Though companion legislation is still alive on the Senate side, it’s expected that the measure will also fail to advance through the House this year. On a voice vote on […]
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New York Marijuana Officials Launch Directory To Connect Industry With Banks Amid Growing Calls For Federal Reform
New York regulators have launched a new resource meant to connect licensed marijuana businesses with banks that are willing to work with the industry, even as federal prohibition continues to pose barriers to financial services. The state Office of Cannabis Management (OCM) announced on Wednesday that it has created a Cannabis Banking Directory, which currently […]
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Maryland Governor Pushes To Build On Mass Marijuana Pardons Through Bill To Expand Expungement Eligibility
Maryland Gov. Wes Moore (D) touted legislation in his State of the State address on Wednesday that would expand opportunities for people to have their criminal records for marijuana expunged, allowing people who violated terms of their parole or probation to petition courts to erase those records. In expressing support for the proposal, Moore referenced […]
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Cocaine Is ‘Not Worse Than Whiskey’ And Should Be ‘Sold Like Wine’ To Eradicate Drug Cartels, Colombia’s President Says
Cocaine is “not worse than whiskey,” Colombia’s president says, while arguing that cartels could be “easily dismantled” if the drug was legalized and “sold like wine.” During an hours-long government meeting on Wednesday, President Gustavo Petro claimed that cocaine is stigmatized and criminalized “because it is made in Latin America, not because it is worse […]
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