Once hailed by observers as the southern state most likely to legalize marijuana first, North Carolina has not kept pace with its northern neighbors in adopting laws to promote the growth of a vibrant medicinal and...more
11/9/2023
/ Cannabis Products ,
Decriminalization of Marijuana ,
Hemp ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
North Carolina ,
Popular ,
State and Local Government ,
State Legislatures
Now that the dust is starting to settle on the recent news that the U.S. Department of Health and Human Services (HHS) has recommended to the U.S. Drug Enforcement Agency (DEA) that marijuana be moved from Schedule I to...more
9/20/2023
/ Advertising ,
Banking Sector ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Dispensaries ,
Food and Drug Administration (FDA) ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Pharmaceutical Industry ,
State and Local Government
Jimmy Buffett was a spirit animal of the Budding Trends blog. We don’t quote from him as often as we do the Grateful Dead, Phish, Widespread Panic, or popular movies, but maybe because in many ways his lyrics are too good for...more
9/11/2023
/ Agribusiness ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Dispensaries ,
Hemp ,
Hemp Cultivation ,
Hemp Related Businesses ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Recreational Use
In a court hearing yesterday in the Montgomery County Circuit Court, it appeared that the staff of the Alabama Medical Cannabis Commission was prepared to move forward announcing licensees at its meeting on Thursday and that...more
8/8/2023
/ Alabama ,
Cannabis Products ,
Decriminalization of Marijuana ,
Dispensaries ,
Failure to Comply ,
Legislative Agendas ,
Licenses ,
Marijuana ,
Medical Marijuana ,
Mootness ,
Open Meetings Act ,
Regulatory Agenda ,
Rules of Professional Conduct ,
State and Local Government ,
State Constitutions
Just before the midterms last year, President Biden made two historic announcements that he described as steps to “end” the federal government’s “failed approach” to marijuana. First, he issued mass pardons for federal...more
We write blog posts about cannabis, but most of the time the posts are about things that are happening in the cannabis world. This post is about whether something should happen in the cannabis world. Specifically, should...more
What if we told you the United States Supreme Court would legalize medical marijuana? That the unlikely hero of the story was Clarence Thomas? And that he would work with the most liberal justices to make it happen. Sometimes...more
Texas is increasingly a purple political state. The motto of the state's capital city implores its citizens to keep it weird. Recent polling shows that Texans overwhelmingly support medical cannabis. Every one of Texas'...more
Lost for many in the avalanche of news about the midterms, voters in five states went to the polls last month to vote on proposals allowing adult-use cannabis, often referred to as recreational cannabis.
Originally...more
I’m not proud of it, but I’m the resident cynic amongst the editorial staff here at Budding Trends when it comes to federal marijuana reform. And after all, someone has to temper the frivolous whims of others. But we’re...more
1/5/2023
/ Banking Reform ,
Banking Sector ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Farm Bill ,
Hemp ,
Hemp Related Businesses ,
Legalization ,
Marijuana ,
Marijuana Related Businesses ,
New Legislation ,
Popular ,
Proposed Legislation ,
SAFE Act
Yesterday, President Joe Biden made two historic announcements which he described as steps to “end” the federal government’s “failed approach” to marijuana. First, he is issuing mass pardons for federal convictions of simple...more
10/7/2022
/ Biden Administration ,
Cannabis Products ,
Decriminalization of Marijuana ,
Department of Health and Human Services (HHS) ,
Deregulation ,
Legislative Agendas ,
Marijuana ,
Presidential Pardons ,
Presidential Proclamations ,
Regulatory Agenda ,
Regulatory Reform ,
Wrongful Conviction
The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry...
Originally published by Bloomberg Law....more
9/15/2022
/ Alabama ,
Arkansas ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Florida ,
Georgia ,
Louisiana ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
North Carolina ,
Proposed Legislation ,
State and Local Government ,
State Legislatures ,
Tennessee
This is the first in what we hope will be a regular feature where our editors – Whitt Steineker, Jay Wright, Hunter Robinson, and Slates Veazey – discuss cannabis issues in the news and take a stab at where the cannabis...more
With apologies to Ben Franklin and others, nothing is more certain if you operate a cannabis company than your need for access to banking services and insurance (FWIW, the death and taxes part is probably also the case). This...more
When we last examined marijuana reform at the federal level earlier this year, we warned that perfect can be the enemy of good. Our point was that we should not forego meaningful federal cannabis reform by holding out for...more
Given the explosive growth of cannabis products and the increasing number of states that have legalized marijuana for medicinal or adult use (nearly 40 at last count), employers across the country are asking whether they can...more
4/22/2022
/ Americans with Disabilities Act (ADA) ,
Cannabidiol (CBD) oil ,
Cannabis Products ,
Decriminalization of Marijuana ,
Drug Testing ,
Employees ,
Employer Liability Issues ,
Employment Litigation ,
Employment Policies ,
Hiring & Firing ,
Marijuana ,
Medical Marijuana ,
Section 301 ,
State and Local Government ,
Termination
On April 8, the Mississippi Department of Health (MSDH) used a Friday news dump to release good news on the Mississippi medical cannabis front. We now have a clearer and fuller picture of how the state will regulate testing...more
4/14/2022
/ Advertising ,
Applications ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Comment Period ,
Decriminalization of Marijuana ,
Dispensaries ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Marketing ,
Medical Marijuana ,
Proposed Regulation ,
State and Local Government ,
Testing Requirements ,
Work Permits
On April 1, 2022, the House of Representatives passed H.R. 3617 ̶ the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act). This groundbreaking legislation, if passed in the Senate, would roll back more than 80...more
Mississippi is on the precipice of implementing a medical marijuana regime, as Mississippians voted overwhelmingly to approve Initiative 65 last November. Those awaiting the green light should take advantage of the additional...more
3/24/2021
/ Cannabis-Related Businesses (CRBs) ,
Cost of Goods Sold (COGS) ,
Decriminalization of Marijuana ,
Dispensaries ,
Documentation ,
IRC Section 280E ,
IRS ,
Legislative Agendas ,
Local v State Laws ,
Marijuana Related Businesses ,
Medical Marijuana ,
State and Local Government ,
State Legislatures ,
State Taxes ,
Treasury Regulations
This is the final article in a three-part series focused on the intersection of the 2020 United States presidential election and cannabis policy. Each article has focused on the specific presidential candidates of the two...more
This is the second article in a three-part series focused on the intersection of the 2020 United States presidential election and marijuana policy. Each article will focus on the specific presidential candidates of the two...more
This is the first article in a three-part series focused on the intersection of the 2020 presidential election and cannabis policy in the United States. Each article will focus on the specific presidential candidates of the...more
A bill that would legalize medical marijuana in Alabama cleared yet another hurdle late last week when it passed the Alabama Senate by a vote of 22 to 11. The bill now heads to the Alabama House, where it likely faces steeper...more
More and more states across the South are adopting medical marijuana regimes. With this growth comes growing pains. One such pain for marijuana businesses is the tension between following state laws on a product that is still...more
1/9/2020
/ Books & Records ,
Brick-and-Mortar Stores ,
Business Taxes ,
Controlled Substances ,
Cost of Goods Sold (COGS) ,
Decriminalization of Marijuana ,
Dispensaries ,
Income Taxes ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
State Taxes ,
Tax Deductions ,
Tax Planning
In a surprise to some, a Republican-controlled Senate Committee has scheduled a hearing to consider the current challenges to providing financial services to cannabis-related businesses operating in states that have legalized...more