Cannabis

By Dylan Moroses

A Michigan federal court correctly dismissed a suit by cannabis business owners seeking to quash a third-party summons issued by the IRS requesting their companies' records because the summons aided a criminal investigation, the Sixth Circuit said Friday.

By Sam Reisman

The Montana House of Representatives advanced multiple bills implementing voter-approved adult-use legalization, but with dueling proposals on how to spend the tax revenue, while North Carolina lawmakers pitched medical and recreational cannabis legislation on the same day. Here are the major developments in cannabis reform from the past week. 

By Maria Koklanaris

Virginia will legalize and tax marijuana for adult recreational use starting July 1, after lawmakers Wednesday approved amendments from the governor to move up the date from Jan. 1, 2024.

By Dylan Moroses

The IRS urged the U.S. Supreme Court to affirm a lower court's finding that cannabis companies lost their chance to challenge a $1.9 million tax bill because their petitions were received a day late and weren't subject to equitable tolling.

By Sarah Jarvis

New Mexico legislators have given their final approval to measures that would legalize and regulate adult recreational marijuana and expunge the records of those convicted of low-level marijuana offenses, sending them to the governor's desk.

By James Nani

New York Gov. Andrew Cuomo on Wednesday signed into law a sweeping cannabis legalization and taxation bill, making the Empire State the 16th state to do so and creating potentially one of the biggest legal cannabis markets in the country.