A Colorado state audit released this week finds problems in oversight of the state’s medical marijuana industry, according to The Wall Street Journal. The audit comes soon after a task force issued recommendations on regulating recreational marijuana.
As marijuana becomes legal in a growing number of states, for medical or recreational use, businesses are hoping to profit from the trend, the Los Angeles Times reports.
The number of medical marijuana dispensaries in Colorado has declined 40 percent in the past several years, The Denver Post reports. The industry faces challenges from the federal government, as well as shrinking profit margins.
Two proposed constitutional amendments that would legalize medical marijuana are being debated in Ohio, The Columbus Dispatch reports.
A bipartisan group of 13 House members has introduced a federal bill that would allow medical marijuana patients and businesses that are complying with state law to access and distribute marijuana without federal interference.
Entrepreneurs in the medical marijuana industry can be hit with a federal income tax rate as high as 75 percent, CNN reports. The high tax rate is due to a 1982 tax code provision aimed at drug runners.
Massachusetts officials are struggling to figure out how the state’s new medical marijuana law will impact health care professionals. Because marijuana is still illegal under federal law, health workers who use medical marijuana may endanger their licenses, according to WBUR.
A bond is growing between the fledging medical marijuana industry and labor unions, Reuters reports.
Expert marijuana growers are in demand in states that have legalized the drug for medical use, The Arizona Republic reports. These consultants work for dispensaries or “grow centers,” giving tips on how to manipulate the plants with lights, nutrients and air to grow high-grade marijuana.
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