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December 18, 2024
Cannabis and Psychedelics Monthly Newsletter

the buzz: Cannabis News & Policy Update | December 2024

Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.

In this edition of the buzz, highlights include:

  • Federal Rescheduling hearings underway in late January
  • Attorneys make oral arguments in the Cannaprovisions case, challenging federal prohibition
  • With a nationwide injunction, CTA compliance is on hold, but the 1/1/25 reporting deadline may be revived
  • IRS warns cannabis companies about the improper use of disclosure Form 8275 for refund claims and “no-280E” return positions
  • A proposed federal bill would redefine hemp. Texas pursues a ban on all consumable hemp products
  • Kentucky approves first medical use licenses and Florida increases MMTC licenses, other states update their cannabis policies

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This publication is designed to provide general information on pertinent legal topics. The statements made are provided for educational purposes only. They do not constitute legal or financial advice nor do they necessarily reflect the views of Holland & Hart LLP or any of its attorneys other than the author(s). This publication is not intended to create an attorney-client relationship between you and Holland & Hart LLP. Substantive changes in the law subsequent to the date of this publication might affect the analysis or commentary. Similarly, the analysis may differ depending on the jurisdiction or circumstances. If you have specific questions as to the application of the law to your activities, you should seek the advice of your legal counsel.

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