You may have heard Western Massachusetts dispensary Canna Provisions, cultivator of Smash Hits cannabis by Chemdog, is involved in a historic lawsuit against the federal government.
If you haven’t, here’s your chance to catch up with some headlines that the news made across outlets like Masslive/The Republican, Politico, The Dales Report, Ganjapreneur, Marijuana Moment, PR Newswire, the Wall Street Journal, Benzinga, Reuters, Marjuana Moment, Ganjapreneur, and more as the story develops.
LINKS:
WMass cannabis companies sue over federal prohibitions on pot commerce
Massachusetts cannabis businesses challenge constitutionality of federal drug laws
Cannabis Operators Sue U.S. Over the CSA, Intrastate Commerce
Cannabis Companies Take On US Attorney General In Battle Against Federal Prohibition
Cannabis MSOs & Partners File Federal Lawsuit Seeking Equal Treatment For Cannabis Businesses
Marijuana Companies Sue Attorney General To Block Enforcement Of ‘Unconstitutional’ Federal Prohibition
Lawsuit Seeks Equal Treatment for Cannabis Businesses
Marijuana Businesses Seek to Make Federal Restrictions Go Up in Smoke
Cannabis companies in Massachusetts challenge constitutionality of federal drug law
Cannabis Companies Sue U.S. Attorney General Over Federal Cannabis Laws
Canna Provisions part of lawsuit arguing Controlled Substances Act is ‘unconstitutional’
Joining other small cannabis businesses as well as some large multi-state operators (MSOs) like GTI, Canna Provisions joined the lawsuit as another possible means to have legal cannabis businesses like Canna Provisions in Lee and Holyoke to be treated as any other small business. IRS Tax Code 280E which remains in effect under the Controlled Substances Act and continues to tax cannabis businesses due to the federal status of cannabis, thus forcing cannabis companies to have an effective tax rate at over 70%, resulting among other things in only 24% of cannabis companies being profitable in the United States.
***Check back for updates as the case moves through the gears of justice, as we will update this post along the way.***
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