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Move to legalize adult-use marijuana in Louisiana falls short

An attempt to legalize adult-use marijuana died in the Louisiana House, but not before signs emerged that such an effort might eventually find success. House Bill 699 lost by a vote of 48-47 on Tuesday, but the legislation found bipartisan support in the House Administration of Criminal Justice Committee, The Advocate reported. The Baton Rouge …

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Mississippi Courts Affirm Life Sentence for Cannabis

CANNABIS CULTURE – According to the state of Mississippi, home of the only federally approved cannabis cultivation facility, serving life in prison for a cannabis-related offense is considered fair. Allen Russell, a 38-year-old man, was sentenced to life in prison after a jury found him guilty of possessing one and a half ounces of cannabis. …

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Missouri can’t can’t keep cannabis license applications secret, court rules

Applicants who were denied medical cannabis business licenses in Missouri might now be able to compare competitors’ applications with their own after an appeals court ruled that regulators cannot keep such applications confidential. More than 800 companies that were denied business licenses have appealed the application decisions and challenged the scoring system used by the …

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Canada’s legal cannabis market continues to erode illicit market’s share

The gap between Canada’s legal and illicit cannabis markets continues to widen, the latest Statistics Canada data suggests. Household spending on adult-use cannabis products in regulated channels grew to 918 million Canadian dollars ($800 million) in the final quarter of 2020, or CA$204 million more than the estimated amount spent on illicit cannabis in the …

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NM legal challenge targets medical marijuana purchase limits, plant counts

A New Mexico medical marijuana patient is challenging rules regarding purchase restrictions for consumers and plant-count limits for producers, an action that could bolster MMJ businesses. The request for court intervention was filed on behalf of medical marijuana patient and cannabis advocate Jason Barker, according to the Santa Fe New Mexican. New Mexico’s new adult-use …

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More Canadian cannabis firms filing complaints about rival businesses

Canadian cannabis companies formally cried foul about their rivals’ business practices nearly 200 times last year, the highest number of complaints lodged with Health Canada in years and nearly double 2019 levels. Experts say the rising number of complaints might stem in part from cutthroat competition in the industry, which could be spurring companies to …

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Cannabis cultivators again facing severe wildfire season

Historic drought conditions again will bring the threat of extreme wildfires to U.S. cannabis growers, especially those in Western states. Wildfires and the ash and smoke created by them are becoming a bigger threat to life and property as average temperatures rise and water resources dwindle amid climate change. Western states experienced historic destruction in …

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MDMA (Ecstasy) Nears FDA Approval for PTSD Treatment

Efforts by the Multidisciplinary Association for Psychedelic Studies (MAPS) to legalize prescription MDMA (Ecstasy) appear to have passed a gigantic hurdle earlier this month: MDMA is on track to meet the testing requirements to be a legalized prescription drug, specifically intended to treat the symptoms of post-traumatic stress disorder (PTSD). After analyzing the preliminary results …

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10 tips for to help your marijuana business survive an IRS audit

(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the cannabis industry. Michael Sampson is a partner at Pittsburgh-based Leech Tishman Fuscaldo & Lampl, where he co-chairs the law firm’s Cannabis Group. Alexander Gase is an associate in the firm’s Corporate Practice Group.) Make no mistake, the U.S. …

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