Cannabis Law Newsletter by HK Cannabis Law – September 18, 2020

In today’s HK Cannabis Law Newsletter we present articles and information regarding new guidance from the IRS for the cannabis industry; the impact of West Coast fires on this year’s hemp crop; the results of a study exploring THC’s persistence in blood long after consumption ceases; and more.

  • Following criticism regarding inadequate guidance provided by the IRS to the marijuana industry, the IRS has now released updated guidance with the stated goal of promoting “voluntary compliance.”

  • Marijuana reform at the Federal level may be another casualty of the COVID-19 pandemic.

  • Fires in California and Oregon are devastating hemp crops.

  • For those accused of driving under the influence, a new study concluded that THC can persist in blood for extended periods of time after abstinence.

  • Cannabis is growing in popularity among seniors.

  • Survey shows cannabis consumers generally prefer flower to concentrates.

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