California Senate Passes Bill to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

SACRAMENTO, Calif. (June 6, 2018) – Last week, the California Senate passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing marijuana industry in the state and further nullify federal prohibition of cannabis. Sen. Bob…

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California Assembly Passes Bill to Allow People to Expunge Some Marijuana Charges

SACRAMENTO, Calif. (June 5, 2018) – Last week, the California Assembly passed a bill that would create a process to expunge or reduce the sentences of people charged under the state’s marijuana laws before recreational cannabis was legalized this year. Passage into law would take another step toward nullifying federal marijuana prohibition in effect in California.…

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California Assembly Passes Bill to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

SACRAMENTO. Calif. (May 31, 2018) – Yesterday, the California Assembly overwhelmingly passed a bill that would sever a link between state and federal tax law, allowing individuals to deduct expenses from legal marijuana businesses for state income tax purposes. Passage of the bill would encourage the growth of the legal marijuana market in California and further…

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New Jersey Bill Would Expand Medical Marijuana Program Through Reciprocity With Other States

TRENTON, N.J. (May 29, 2018) – A bill introduced in the New Jersey assembly would expand access to medical marijuana by instituting reciprocity with other medical marijuana states. The bill would further expand the medicinal cannabis market in the New Jersey and further nullify federal prohibition in practice. Rep. Annette Quijano (D) introduced Assembly Bill…

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Illinois Cops: Don’t Legalize Weed, Or We’ll Have to Kill Our Drug Dogs

"Sheriff Buffett isn't just any sheriff. He's the son of Omaha billionaire investor Warren Buffett, and he's used his family wealth both to finance law enforcement spending in the county and to basically buy his way into the sheriff's office."

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Rhode Island Bill Would Legalize Marijuana; Foundation to Nullify Federal Prohibition

PROVIDENCE, R.I. (May 24, 2018) – A bill filed in the Rhode Island Senate would legalize marijuana, setting the foundation to nullify federal cannabis prohibition in effect in the state. Sen. Joshua Miller (D-Cranston) introduced Senate Bill 2985 (S2985) on May 16. The legislation would allow adults 21 or older to use, purchase or transport…

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