Cannabis Legalization News

As cannabis legalization sweeps the nation, more and more people are looking to get involved in this growing industry. Banking is an often overlooked difficulty for many in the industry as access to banks willing to work with them are in short supply. Legislation is currently underway to create the framework for reform and provide protections to banks and businesses alike. This video covers the latest developments of the SAFE Banking Act and America COMPETES Act and what we hope to see in those regulations.

#safeBanking #cannabis

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As more and more US states move to legalize cannabis for either medical or recreational use, there are a handful of states that remain in play to do so through legislative action in 2022. Rhode Island is considered the most likely to legalize recreational marijuana, while Delaware (recreational), Kansas (medical), and North Carolina (medical) are also considered to have a moderate to strong chance of passing bills. If these states do legalize cannabis, it would generate hundreds of millions of dollars in marijuana and ancillary business opportunities down the road. Stay tuned to see which US states legalize cannabis next!

#cannabis #news

Extracted from the live show: https://youtu.be/Zresq5VGZW0

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legalization news, cannabis taxes, cannabis double tax, IRC-280E

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The Indigenous Cannabis Coalition is a group of indigenous people and first generation cannabis professionals who are working to create social equity in the industry, education for indigenous communities, and hemp cultivation opportunities for indigenous people.

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The Internal Revenue Service’s (IRS) Taxpayer Advocate is reminding people of the unique financial challenges that state-legal marijuana businesses face under federal prohibition.

In a blog post published on Tuesday, the independent agency under IRS explained that cannabis companies are still obligated to pay federal taxes—but they’re barred from deducting most expenses that other industries can claim because the federal government considers marijuana a strictly controlled substance.

This means that dispensaries are at a significant disadvantage when it comes to taxes, and it's something that potential dispensary owners should be aware of before getting into the business. However, despite the challenges, there are still opportunities for those who are willing to navigate the complex landscape of tax laws and regulations.

#cannabis #news

Extracted from the live show: https://youtu.be/Zresq5VGZW0

Please be 21+ because this is about the legal & legitimately lawful (at the state level) cannabis industry.

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legalization news, cannabis taxes, cannabis double tax, IRC-280E

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Going over things that I'm working on or have come across and we haven't talked about yet

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Cannabis legalization is a hot topic among lawmakers.

A growing number of legislators are beginning to support cannabis legalization efforts, believing that it could provide much-needed revenue for state and federal governments.

What states are not legalizing cannabis? This is a question on the minds of many in the cannabis industry as more and more states legalize marijuana for medical and recreational use.

In this video, we take a look at the latest news on cannabis legalization and explore the potential implications of federally legalizing marijuana.


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Washington state officials are urging Congress to pass marijuana banking reform in order to protect public safety. Washington was one of the first states to legalize adult-use marijuana, but the industry continues to lack access to critical financial services due to federal prohibition. Governor Jay Inslee, Attorney General Bob Ferguson, and Treasurer Mike Pellicciotti have all signed a letter emphasizing the need for reform. They explain that without access to banking, the industry is forced to operate in cash, which creates public safety risks. Allowing businesses to access financial services would help them operate more safely and effectively. It would also create jobs and generate tax revenue for the state. Washington's congressional delegation has been supportive of previous efforts to pass marijuana banking reform, and it is hoped that they will continue to fight for this important issue.

#cannabis #news #washington

Extracted from the live show: https://youtu.be/uY84QRnNUHs

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It's been over a year since Canada federally legalized cannabis, but the big banks in Canada still won't work with weed. This is a major problem for cannabis businesses, who are forced to deal in cash only, which is unsafe and inconvenient.

Cannabis business owners like Ryan Roche have tried to engage the banks, but have been met with frustration and deep disrespect. The banks simply aren't interested in doing business with the cannabis industry.

This leaves cannabis businesses vulnerable and at a disadvantage. Hopefully, as the industry continues to grow and mature, the banks will eventually come around and start working with them. Until then, cannabis businesses will have to continue to operate on a cash-only basis.

#cannabis #news #international

Extracted from the live show: https://youtu.be/uY84QRnNUHs

Please be 21+ because this is about the legal & legitimately lawful (at the state level) cannabis industry.

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Seth Rogen provides an inside look at Houseplant headquarters in this Architectural Digest tour. Seth Rogen and his business partner Evan Goldberg founded the company in 2019. The two originally partnered with Canopy Growth, a Canadian cannabis company, to develop and produce their products.

Rogen gives viewers a tour of the different rooms in the Houseplant HQ, including the office space, living room, kitchen, and “smokeasy” (a smoking lounge). He talks about how they designed the space to be both comfortable and functional for their team.

This is a great article for anyone interested in Seth Rogen, cannabis news, or getting an inside look at a unique headquarters space.

#cannabis #news

Extracted from the live show: https://youtu.be/uY84QRnNUHs

Please be 21+ because this is about the legal & legitimately lawful (at the state level) cannabis industry.

🌱 We can help with your cannabis business. Get in touch here! (https://bit.ly/3jHLITp)
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