Isn't this right?
If Congress “bans” intoxicating hemp by putting it back into schedule I, 280E will apply to hemp sellers. And with North Carolina’s automatic federal tax conformity, state returns will bear the burden, too.
No new taxes?
Hemp THC drug "bans" put them schedule III of the CSA, treating them like marijuana, so the 280E selling expense tax will apply.
What about Grover Norquist’s "No Tax Pledge"?
How many billions in tax revenue will be raised?
The North Carolina Cannabis Advisory Council meets 2 to 5 p.m. EDT today. Live stream:
www.youtube.com/watch?v=fFuc...
A Congressional bill on Farm Bill “Hemp” THC Drugs will:
- classify them as “marijuana,”
- put them into Schedule I of the CSA (for now), and
- subject them to the 280E selling expense tax.
newrevenue.org/2025/09/23/f...
How do venture capitalists respond to startups in the adult, alcohol, gambling, cannabis, weapons, and other sin industries?
My article "Vice Capital" (w/ @kimkrawiec.bsky.social) is now published in UC Irvine Law Review! scholarlycommons.law.emory.edu/faculty-arti... 1/2
Schedule III for ONLY medical marijuana, in line with President Trump's hearing "great things" about medical, "bad things having to do with . . . everything else"?
Why that would be chaotic: newrevenue.org/2025/08/29/s...
🇨🇦 In Canada, where marijuana is legal nationwide, nearly 8 in 10 consumers say they obtain cannabis products exclusively from the legal market. #NORML #cannabis #marijuana #Canada #legalization
So don't state bans on cannabis imported from other states fail under the same analysis?
Favorable rules for marijuana next?
North Carolina Cannabis Council hears from @NC_Governor @JoshStein_ .
#marijuana #cannabis #hemp #thc #ncpol #ncga
For cannabis, "additional taxation without either the appetite or the funding for a crackdown on a freshly incentivized illicit market might backfire."
mjbizdaily.com/3-states-inc...
@_chrisroberts
@MJBizDaily
#marijuana
mjbizdaily.com/3-states-inc...
No surprise: THC testing is more accurate for concentrates than for flower.
So Canada's bifurcated marijuana tax system, taxing raw plant material by weight and processed products by THC content, makes sense.
#marijuana #cannabis #hemp #tax
www.nature.com/articles/s41...
It's good to see Steve Shay still at work. A great American. newrevenue.org/2019/12/31/c...
Reasons for California’s marijuana woes: taxes, regulations, and lack of enforcement. #Cannabis
"Washington state, by contrast, maintained law enforcement pressure on illegal marijuana."
taxnotes.com/tax-notes-st...
@taxnotes.com
($paywall, free trial)
My conservative Christian friend Mark Creech writes that regulating hemp drugs "inadvertently legalizes . . . intoxicating substances for adults over 21 – substances still illegal under federal and state law.”
But hemp THC is legal and widespread in NC.
revmarkcreech.org/the-good-the...
Why I started studying marijuana taxation in 2009 -- before people called it cannabis.
newrevenue.org/2025/02/20/w...
Congress won't deschedule THC in this decade.
Unintended consequences of the 2018 Farm Bill -- opening the door to Delta-8 , THCA, and more -- show even the dullest legislators that cannabis issues are a can of worms.
They can hardly pass banking. #marijuana
Jon Caulkins on social equity in marijuana:
Although most discussion focuses on access to cannabis LICENSES, "that is a mistake." Here's his full presentation to the Pennsylvania Legislature:
wordpress.com/post/newreve...
