San Francisco is stepping up to support struggling legal dispensaries with tax relief amidst challenges from the illicit market, burglaries, and federal hurdles. While some countries are loosening cannabis laws, others are tightening restrictions. Additionally, a new study suggests medical cannabis could help combat COVID-19, though veterans continue to face significant barriers to accessing medicinal cannabis. We also provide a regulatory cheat sheet for key developments in the psychedelic space.
The federal government is set to crack down on Delta-8 THC due to health risks. Meanwhile, Dormant Commerce Clause challenges to state residency requirements for cannabis licensing are on the rise. At Hall of Flowers, industry leaders discussed interstate commerce and the rise of cannabis drinkables. Finally, the psychedelic industry may soon be gaining traction as those drugs are gaining attention for treating mental depression.
Kevin Durant is teaming up with Weedmaps to help consumers find dispensaries, while the NFL is contributing $1 million to fund research on using CBD and cannabis to treat pain. New York's adult-use cannabis program is gaining momentum with promising appointments to the CCB and OCM. Yet, in Mississippi, Allen Russell faces a life sentence for possessing just one ounce of cannabis, highlighting the stark contrast in cannabis laws.
This Issue covers recent developments in U.S. cannabis reform, including the introduction of the Cannabis Administration & Opportunity Act (CAOA), Amazon’s new support for cannabis legalization, and the potential impacts of interstate cannabis commerce. This Leaflet also highlights municipalities powers under New York's Marijuana Regulation and Taxation Act (MRTA), discusses the risk of federal RICO litigation for cannabis businesses, and the evolving ethics of cannabis law practices in New York.
This Leaflet focuses on the political standstill going on the U.S. Senate regarding SAFE Banking Act and the MORE Act. We also cover the increasing popularity of Delta-8 TCH, an unregulated compound that is often sold in places like smoke shops and bodegas, and that may be threatening the integrity of state-legal cannabis markets. Finally, we consider President Biden’s proposed tax reforms, under which cannabis businesses could face significantly higher tax bills.
FK has joined forces with The Weldon Project to draft clemency criteria for the Biden administration, aiming to secure pardons for non-violent drug offenders. This month’s issue also touches on key cannabis industry issues such the status of the Harborside Section 280E tax challenges, the potential for federal cannabis legalization, and the rise of the psychedelic industry. Finally, introducing our latest series – WOW! – Women of Weed, where our team interviews of cannabis activist and entrepreneur, Solonje Burnett.
