The IRS Wants Its 280E Refunds Back — TerrAscend Sued for $8.3 Million

280E refund

The 280E refund gold rush just met the collections department. The Department of Justice is suing multistate operator TerrAscend for $8.3 million plus interest, arguing the refund it collected on amended returns was “erroneous” because the deductions were barred by Section 280E (the docket is here; MJBiz coverage here). TerrAscend received the money in June […]

Pentagon: Rescheduling Doesn’t Change the Military Marijuana Ban

military marijuana

If you serve, you still can’t smoke. That is the entire message of a one-page Department of War memo, dated July 9 and obtained by Marijuana Moment, reminding senior Pentagon leadership that the military marijuana prohibition survives federal rescheduling completely intact. The department “maintains a drug-free workplace to protect national security, public safety, and operational […]

Schumer’s Cannabis Administration and Opportunity Act Is Back — With Union Muscle

Cannabis Administration and Opportunity Act

One day after the DEA closed the record on rescheduling, Congress raised the bid. On July 16, Senate Minority Leader Chuck Schumer and Senators Cory Booker and Ron Wyden reintroduced the Cannabis Administration and Opportunity Act — the comprehensive bill that would remove marijuana from the Controlled Substances Act entirely. Not Schedule III. Not a […]

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