A new scientific review of available evidence on the relationship between cannabis and driving finds that most research “reported no significant linear correlations between blood THC and measures of driving,” although there was an observed relationship between levels of the cannabinoid and reduced performance in some more complex driving situations. The report, which has not... Continue Reading →
The Daily Hit: October 24, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, October 24, 2024. On the Site Federal circuit court sets December hearing for lawsuit seeking to legalize marijuana The hearing is expected to include oral arguments by both the plaintiffs and the U.S. Department of Justice. Read more here. Eight New... Continue Reading →
South Dakota Marijuana Legalization Initiative Trailing In New Poll
Most South Dakota voters plan to vote against a ballot initiative to legalize marijuana next month, according to a new poll. With just under two weeks until the election, the Emerscon College/KELOLAND/The Hill survey found that about 50 percent of likely voters are opposed to the cannabis measure, while 45 percent support it and 5... Continue Reading →
Snoop Dogg Confirms He Has A Staffer Who Makes Sure People He’s Smoking Marijuana With Don’t Get Too High
Snoop Dogg’s entourage includes a staffer tasked with making sure people he is smoking marijuana with don’t get too high and telling them “that’s enough” when they’ve reached their limit, the rapper says. During an appearance on Watch What Happens Live with Andy Cohen that aired on Sunday, the cannabis icon was first asked who... Continue Reading →
JD Vance Admits Fentanyl-Laced Marijuana Is Rare Despite Constantly Raising The Alarm About It On The Campaign Trail
Sen. JD Vance (R-OH), former President Donald Trump’s vice presidential running mate, is acknowledging that fentanyl-laced marijuana is a relatively rare occurrence—despite the fact that he repeatedly sounds the alarm about the issue during his stump speech on the campaign trail. In an interview with comedian Theo Von that was released on Tuesday, the two... Continue Reading →
Study: Far Fewer High-Schoolers Are Consuming Cannabis
The percentage of high-school students who report consuming cannabis has fallen significantly over the better part of the past decade, according to an analysis of federal data published in the journal Pediatric Reports. A team of researchers affiliated with Florida Atlantic University reviewed marijuana use data for over 88,000 high-schoolers for the years 2011 to... Continue Reading →
SCOTUS Case Involving Cannabis Fraud Highlights the Illogic of Federal Drug Testing Mandates
SCOTUS Case Involving Cannabis Fraud Highlights the Illogic of Federal Drug Testing Mandates Image Cannabis News October 24, 2024 A trucker lost his job because he tested positive for marijuana after consuming a supposedly THC-free CBD tincture. Last week, the U.S. Supreme Court examined a case involving Douglas Horn, a trucker who was terminated from... Continue Reading →
Federal Appeals Court Schedules Oral Argument In Case Seeking To Overturn U.S. Marijuana Prohibition
Federal Appeals Court Schedules Oral Argument In Case Seeking To Overturn U.S. Marijuana Prohibition Image Cannabis News October 24, 2024 A federal appeals court has scheduled oral arguments for a case challenging the U.S. government's ban on marijuana for December 5, just three days after a separate hearing on the Biden administration’s proposed reclassification of... Continue Reading →
Accounting group pushes for clarity as questions around cannabis tax rules mount
The Internal Revenue Service faces mounting pressure to clarify cannabis tax rules, as a key Supreme Court decision threatens to upend the agency’s interpretative authority and rescheduling looms large over the industry. The American Institute of CPAs in a letter this week urged the U.S. Treasury Department and the IRS to provide advance guidance for... Continue Reading →
Excessive FBAR Penalties stopped by the 11th U.S. Circuit Court
Historic ruling that can impact challenging large penalties in the future. In recent years the IRS has made the Report of Foreign Bank and Financial Accounts (FBAR) penalty enforcement a top priority and this is alarming the taxpayers worldwide. Even during every routine domestic IRS audit, IRS agents are looking for undisclosed foreign bank accounts.... Continue Reading →
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