[Voice over for ESPN 30 for 30 series] What if we told you the United States Supreme Court would legalize medical marijuana? That the unlikely hero of the story was Clarence Thomas? And that he would work with the most liberal justices to make it happen. Sometimes you don’t know how high you can
Federal Law Developments
The 2023 Farm Bill and the Future of Hemp
There is a moment in the movie Wall Street, just before a fresh-faced Charlie Sheen as Bud Fox interviews for a coveted position with a peak-of-his-fame Michael Douglas playing the iconic Gordon Gecko, where Sheen looks in the mirror, adjusts his tie, and says: “Well, life all comes down to a few moments…this…
You Can Go Your Own Way: Washington’s Cannabis License Residency Requirement Upheld, Breaking the Chain of Contrary Decisions
Oh Daddy! It’s not “Rumours” or one of your “Dreams” – although it may be “Second Hand News” to our most knowledgeable readers: A federal court in Washington recently upheld the state’s cannabis residency requirement for operators.
The Federal Government’s Current Position
If you’re reading this, you surely already know: Marijuana is a…
Removing the Green Tax: Congress Can Bring Cannabis Tax Policy in Line with Cannabis Enforcement Policy
If you give me an opportunity to quote George Harrison, I’m going to do it. In “Taxman,” he wrote:
Should five percent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman
Yeah, I’m the taxman
I suspect “The Quiet One” would be appalled to know the taxes facing…
If You Don’t Believe, You Won’t Receive: Predicting Three Cannabis Reforms in the Coming Year
I’m not proud of it, but I’m the resident cynic amongst the editorial staff here at Budding Trends when it comes to federal marijuana reform. And after all, someone has to temper the frivolous whims of others. But we’re coming off the holiday season where I told two growing children that if they did not…
Like a Steam Locomotive, Rolling Down the Track: Biden Signs Marijuana Research Bill
For decades, the federal government only allowed scientists to research marijuana grown on the campus of the University of Mississippi. While Mississippi-grown cannabis will continue to be the subject of federally sanctioned research, the Medical Marijuana and Cannabidiol Research Expansion Act, which President Biden signed into law on December 2, 2022, will significantly expand the…
2022 Midterms and the Future of the Safe Banking Act
As the midterm elections come to an end, we revisit the future of the SAFE Banking Act and the hurdles we expect to see in the coming Congressional term. If passed, the SAFE Banking Act would remove uncertainties surrounding federally regulated financial institutions, allowing financial institutions to bank the legal cannabis industry with less legal…
Money for Nothing? Marijuana and the Midterms
I don’t think the great Mark Knopfler of Dire Straits was talking about Congress when he wrote “that’s the way you do it, money for nothing,” but the recent midterm elections reminded me of that cynical refrain.
A few billion dollars here, a few billion dollars there. We end up with basically the same balance…
Bipartisan “Reef-orm”: Calls to Deschedule Marijuana Abound on Capitol Hill at Bipartisan Congressional Hearing
“Progress, far from consisting in change, depends on retentiveness… Those who cannot remember the past are condemned to repeat it.”
– George Santayana, The Life of Reason
We originally aimed to quote Santana rather than Santayana to eloquently say history has a way of repeating itself, but our lyrical recall failed us. Welcome back to…
American Cannabis Policy Is the Definition of Insanity
I was relieved to learn that Albert Einstein never actually said that “[i]nsanity is doing the same thing over and over again and expecting different results,” because it seems like a really bad idea to start a blog post disagreeing with Albert Einstein.
Insanity, it turns out, is American cannabis policy.
Let me say this…