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:
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Federal rescheduling hearings delayed again, and a new lawsuit is filed in tax court based on novel §280E arguments
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Around the states: Psychedelic-assisted therapy (starting with psilocybin) coming soon in CO; adult-use cannabis retail frameworks underway in MN and RI; NJ opens applications for on-site cannabis consumption lounges
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Hemp update: DoorDash will allow sales and delivery of hemp-derived products in some states; NY Governor classifies cannabis as an agricultural product for tax reasons
It’s almost tax season! Next month’s Special Tax Edition will focus on §280E and other tax considerations to help you get through the filing season.
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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.