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Hi,

An armored truck company is suing California and Kansas sheriff departments along with federal agencies. They acted as legal bandits by robbing, *cough* I mean seizing, cash being transported from licensed dispensaries to legal out-of-state banks. The non-profit Institute of Justice has also brought class-action lawsuits against the DEA and TSA for seizures at airports. Woohoo justice! :) If you aren't familiar with the 280E tax code, we included an article explaining how the IRS is happy to collect cannabis companies’ taxes yet won't let them claim standard deductions. And Thailand is on the path to legalization, which would be a spectacular turnaround for a country where cannabis possession can land you 15 years in prison!

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Have a wonderful week!
Jessica

This Week's Cannabis and CBD Industry News
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Highway Robbery: Armored Car Company Sues Feds and a Cali Sheriff After Illegal Seizures More at ij.org...
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Thailand Plans to Make Cannabis Legal, Scrapping Jail Terms and Fines for Possession More at bloomberg.com...
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EBTIDA Versus Net Profit: Making Sense of a Cannabis Financial Mess More at mjbizdaily.com...
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2022 Brings New Markets, Opportunities for California Cannabis Firms More at mjbizdaily.com...
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After One Year as President, Biden’s Cannabis Promises Remain Unfulfilled More at marijuanamoment.net...
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Cannabis Use During the Pandemic More at projectcbd.org...
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Big Cannabis Is on the Brink of Scoring Big Political Wins. So Where Are They? More at politico.com...
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Cannabis Money for the Week More at greenmarketreport.com...
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Canadian Report Lists Canopy Growth at the Top of Highest Paid CEO’s More at greenmarketreport.com...
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CBD Food Product Approval in the EU More at harrisbricken.com...
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Psychedelics Are the Hot Conference Topic More at greenmarketreport.com...
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NY Estimates it will Generate More Than $1.25B in Cannabis Revenue Over Next Six Years More at marijuanamoment.net...
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French Constitutional Council: CBD Is Neither Addictive nor Harmful More at ganjapreneur.com...
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Canadian Cannabis Retail Prices Declined in 2021, Led by Vapes, Concentrates More at mjbizdaily.com...
Cool Finds
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Guns or Cannabis, but Not Both More at montanafreepress.org...
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Chinese Tomb Reveals Ancient Staple Taste for Cannabis: Study More at scmp.com/news...
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