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 pre-election edition of the buzz, highlights include:
- Election preview: how control of the Senate and House may affect cannabis policy reform; upcoming state ballot measures in Florida, North Dakota, and South Dakota on cannabis, and medical use in Nebraska and Arkansas
- Federal updates: AICPA open letter to Treasury and IRS seeking guidance, particularly on 280E, in advance of rescheduling; two hemp-related bills filed in Congress to create consumer guardrails for hemp products
- Cannabis license lotteries open up in Delaware and Kentucky and close down in Vermont; New York issues a few new vertically integrated licenses
- California, Colorado, Massachusetts, and Washington issued new cannabis rules
- A proposed bipartisan cannabis legalization bill may run out of time in Pennsylvania, where the legislature did approve a measure allowing medical dispensaries to obtain state-level tax deductions
- States continue to grapple with regulating and enforcing laws for hemp-derived products litigation
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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.