Toke of the Town

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Senator Elizabeth Warren is “Open” to Legalization in Massachusetts

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By on News, Uncategorized

The state votes in November.

Here’s your daily round up of pot news, excerpted from the newsletter WeedWeek.

Sen. Elizabeth Warren (D.-Mass.) said she’s “open” to REC legalization in Massachusetts.

Pennsylvania is moving aggressively to create rules for its MED industry. Major regulatory changes are coming in L.A.

Portland (Ore.) City Hall is fighting with a pot shop about a license requirement.

In SFWeekly, I said we need more weed reporters. I also spoke to HelloMD about WeedWeek and the cannabis beat.

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Nation’s First Legal Marijuana Club Already Closed In Colorado

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By on Dispensaries, News

White Horse Inn/Twitter

But Second Pot Club Is Still Open For Business

The first legal recreational marijuana club in the United States has closed its doors, just one day after opening, due to a misunderstanding with the landlord, but the second club is still open for business.

The White Horse Inn opened Monday in the tiny town of Del Norte, becoming — by just a few hours — the first in Colorado to offer adults a chance to have a legal joint with their coffee, reports John Ingold at The Denver Post. When the landlord saw the publicity about Monday’s opening, he canceled the lease before it took effect, according to White Horse owner Paul Lovato. The lease didn’t start until Tuesday.
“By opening early I kind of screwed myself out of my building,” Lovato admitted on Tuesday. He had planned on having a storefront for customers to buy coffee and T-shirts, as well as other souvenirs, with a private building next door where customers could smoke free samples of cannabis.
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The IRS Is Coming! Are Medical Marijuana Dispensaries Ready?

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By on Dispensaries, Medical, News

280E Reform

​The Internal Revenue Service is threatening to turn back the clock on medical marijuana. But now a national alliance of industry leaders, patients and elected officials is fighting back with a new project aimed at education and policy change.

The 280E Reform effort says it plans to bring an end to the current IRS campaign to close medical cannabis dispensaries.

The IRS campaign of aggressive audits — sometimes resulting in collectives being held responsible for millions in supposed back taxes — began a couple of years ago and uses Section 280E of the IRS code to deny dispensaries the ability to claim any legitimate business expenses. Denied expenses include essential items such as rent, payroll, and all other necessary business expenditures.
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