Tag Archives: marijuana

Biden’s Cannabis Announcement: The Reform We Need or Be Careful What You Wish For?

Key Takeaways:

  • Pardons are long overdue. States need to follow the President’s lead
  • Descheduling or Rescheduling will take time and would be subject to administrative rule making
  • While capital markets could unlock and the heavy drag of 280E could go away, descheduling or rescheduling would create huge challenges for state rules, including social equity, and could result in a wave of interstate commerce

Today,… More

Summary of The Regulation and Taxation of Marijuana Act

On November 8, 2016, Massachusetts voters passed Initiative Petition 15-37, The Regulation and Taxation of Marijuana Act.  The Act: legalizes the possession of one (1) ounce or fewer of marijuana for people age twenty-one (21) and older and the personal possession of ten (10) ounces and not more than twelve (12) plants cultivated in a person’s primary residence for personal use; establishes a Cannabis Control Commission with the authority to license,… More