Last Week in Weed: Feb. 3rd- 10th, 2025
Welcome to the latest edition of “Last week in Weed,” catching you up on the latest breaking news and industry developments in the world of cannabis.
Here’s what you may have missed over the last week:
GOP Senators Target Cannabis Industry Tax Cuts
A group of Republican senators are pushing legislation to limit tax deductions for the cannabis industry. The move aims to maintain restrictions imposed by Section 280E of the tax code, which prevents cannabis businesses from deducting common expenses due to federal prohibition. Industry leaders argue that these tax burdens stifle growth and discourage entrepreneurship in the burgeoning market.
Opioid Prescriptions Drop in States with Legal Marijuana
A federally funded study revealed that opioid prescriptions have significantly decreased in states that have legalized marijuana. Researchers suggest that cannabis is becoming a preferred option for pain management, reducing the reliance on highly addictive opioids. This trend offers hope for addressing the nation’s ongoing opioid crisis and underscores the therapeutic potential of cannabis.
Florida Senator Reintroduces Medical Marijuana Homegrow Bill
Florida Republican Senator has refiled a bill to allow medical marijuana patients to grow cannabis at home. Unlike previous versions, this bill removes controversial hemp product restrictions, making it more appealing to advocates. If passed, it would be a significant win for patients seeking greater access and affordability in their medical cannabis treatments.
Tennessee Lawmakers Propose Adult-Use Marijuana Legalization
Tennessee lawmakers have introduced new bills to legalize marijuana for adults, with proponents emphasizing the potential to generate millions in state revenue. If passed, the legislation would mark a significant policy shift in a traditionally conservative state. Advocates argue that the change could boost the local economy and create jobs while also reducing the criminalization of cannabis users.
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