Cannabis companies team up to sue the feds (Newsletter: May 30, 2022)

Cannabis companies team up to sue the feds (Newsletter: May 30, 2022)
MJ moment

State banking regulators want SAFE passed; CA marijuana tax revenues stall; LA worker protections op-ed Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human: Your support makes Marijuana Moment possible… Paid for by readers like you. Marijuana Moment’s newsletter and in-depth cannabis reporting is made possible by the 700+ people who subscribe to us on Patreon. Support our work for $25/month and gain access to valuable insider data, exclusive interview audio, and more: / TOP THINGS TO KNOW The CEO of Ascend Wellness Holdings told Marijuana Moment that his company and other multi-state operators are teaming up to sue the federal government to overturn cannabis prohibition. He says they’ve retained the law firm of star attorney David Boies, with the goal of filing two separate lawsuits: One focused on stopping the federal government from impeding intrastate cannabis commerce and another challenging a tax provision known as 280E that blocks the industry from taking tax deductions that are available to any other company. The Conference of State Bank Supervisors, which represents state financial regulators, is calling on Congress to enact marijuana banking protections through the America COMPETES Act. California officials reported that the state has generated nearly $4 billion in marijuana tax revenue since legal sales began in 2018—but that quarterly growth in the state’s hauls has stalled out over the past year and a half. Green Leaf Dispensary owner Donnie P. writes in a new Marijuana Moment op-ed that Louisiana lawmakers should pass a…

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Source : Cannabis companies team up to sue the feds (Newsletter: May 30, 2022)

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