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Cannabis Law Newsletter by HK Cannabis Law – January 21, 2022

In today’s HK Cannabis Law Newsletter, we present news on Representative Ed Perlmutter’s decision not to seek re-election, new fines for illicit cannabis operators in LA County, a recent study finding evidence that cannabis may be effective in the fight against coronavirus, tax reforms efforts in California, and more!

  • Los Angeles County passed an ordinance authorizing fines of $30,000 per day for illegal marijuana businesses.

  • Author of the SAFE Banking Act, Ed Perlmutter, announced that he will not run for reelection in 2022.

  • An armored car and fintech company filed a lawsuit in the U.S. District Court for the Central District of California against the federal government and multiple law enforcement agencies, alleging that law enforcement officials have violated the company’s constitutional rights by conspiring to seize cash from its vehicles through pretextual stops and civil forfeiture laws.

  • A new study published in the Journal of Natural Products found evidence that compounds naturally occurring in cannabis are effective at stopping coronavirus molecules from infecting human cells.

  • Marijuana activists are disappointed that Biden’s campaign promises on marijuana policy remain largely unfulfilled at the end of his first year in office.

  • California cannabis advocates are awaiting a bill to provide tax relief being drafted by State Sen. Mike McGuire and optimistic that tax reform may be on the horizon.

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