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In February 2017, Morgan Griffith, a Virginia Republican, introduced H.R. 714, Legitimate Use of Medicinal Marijuana Act, that would move cannabis to Schedule II. [81] Griffith had introduced a bill under the same name in 2014. [82] In April 2017, Matt Gaetz, a Florida Republican, cosponsored House Resolution 2020 to move cannabis to Schedule III.
Under the federal tax code, businesses involved in “trafficking” in marijuana or any other Schedule I or II drug can’t deduct rent, payroll or various other expenses that other businesses ...
The Biden administration plans to reclassify marijuana for the first time since the Controlled Substances Act was enacted more than 50 years ago. ... Services code Section 280E which currently ...
2008: decriminalized cannabis by 63% vote on Question 2. 1 oz (28 g) or less punishable by $100 fine. [96] [97] 2012: medical marijuana legalized when Question 3 passed by 60%. [98] [99] 2016: legalized recreational marijuana when Question 4 passed by 54%. [100] Michigan: Legal to possess up to 2.5 oz (71 g) in public or 10 oz (280 g) at home
Under the federal tax code, businesses involved in “trafficking” in marijuana or any other Schedule I or II drug can't deduct rent, payroll or various other expenses that other businesses can ...
The federal government classified cannabis as a Schedule I drug in 1970. But how much of an impact would proposed changes have on laws? ... Marijuana laws could change as DEA considers ...
Cannabis in Ohio is legal for recreational use. Issue 2 , a ballot measure to legalize recreational use , passed by a 57–43 margin on November 7, 2023. Possession and personal cultivation of cannabis became legal on December 7, 2023.
For example, cannabis company CEOs expect their businesses would no longer be subject to Section 280E, a part of the IRS tax code that limits their ability to take deductions and raises their ...