#denverpost.com

[fortune420group]

IRS trawling state-run pot database to block Colorado marijuana companies from claiming tax deductions

#MustWeed http://www.fortune420.com/irs-trawling-state-run-pot-database-to-block-colorado-marijuana-companies-from-claiming-tax-deductions/

Industry says the IRS is conducting an unauthorized criminal investigation using seed-to-sale database and overreaching its authority

Federal tax agents are trawling a Colorado database designed to track pot from seed to sale as a way of proving licensed marijuana businesses are illegally trafficking in the drug.

The tactic is the latest in the Internal Revenue Service’s efforts at ensuring the otherwise-legitimate businesses cannot claim federal tax deductions[…] Read the rest: http://www.denverpost.com/2017/05/25/irs-pot-tax-database-investigation/

[fortune420group]

Colorado looks to marijuana tax as budget fix, stretching the limits of what voters approved

#MustWeed http://www.fortune420.com/colorado-looks-to-marijuana-tax-as-budget-fix-stretching-the-limits-of-what-voters-approved/

The recreational marijuana tax hike is part of a sweeping bill to address hospital budget cuts

In last-minute negotiations between Colorado lawmakers on a major spending bill, a dubious budget fixer has emerged: marijuana taxes.

The tentative legislation unveiled this week seeks to extract additional money from Colorado’s burgeoning cannabis industry by raising the recreational marijuana special sales tax from 10 percent to the maximum 15 percent rate[…] Read the rest: http://www.Denverpost.com/2017/05/02/marijuana-tax-hike-15-percent/

[fortune420group]

Donald Trump won’t “turn his back” on Colorado when it comes to legal marijuana, GOP lawmaker says

#MustWeed http://www.fortune420.com/donald-trump-wont-turn-his-back-on-colorado-when-it-comes-to-legal-marijuana-gop-lawmaker-says/

Senate President Pro Tem Jerry Sonnenberg’s reaction comes after White House statement on pot

A top Republican lawmaker in Colorado is casting doubt on whether Donald Trump’s administration will crack down on the legalization of marijuana, saying the new president wouldn’t “turn his back” on states’ rights[…] Read the rest: http://www.denverpost.com/2017/02/27/donald-trump-colorado-marijuana/

[fortune420group]

Ravens safety Matt Elam arrested on marijuana, drug charges

#MustWeed http://www.fortune420.com/ravens-safety-matt-elam-arrested-on-marijuana-drug-charges/

Elam faces marijuana, oxycodone and reckless driving charges

Miami-Dade County jail records show Elam was arrested Sunday. He was charged with possession of marijuana, possession of marijuana with the intent to deliver or sell and possession of a controlled substance,[…] Read the rest: DenverPost.com/2017/02/26/ravens-safety-matt-elam-arrested/

[fortune420group]

U.S. fights Microsoft’s bid to tell users when feds take data

#MustWeed http://www.fortune420.com/u-s-fights-microsofts-bid-to-tell-users-when-feds-take-data/

SEATTLE (AP) — The U.S. Justice Department asked a judge Monday to throw out a lawsuit from Microsoft and keep a law that prohibits technology companies from telling customers when the government demands their electronic data[…] Read the rest: http://www.DenverPost.com/2017/01/23/microsoft-feds-data/

[fortune420group]

When will the DEA announce its marijuana rescheduling decision?

#MustWeed http://www.fortune420.com/when-will-the-dea-announce-its-marijuana-rescheduling-decision/

The Drug Enforcement Administration flaked on its self-imposed deadline to announce whether to reschedule marijuana, and now it’s not clear when a decision might come.

In April, the DEA told lawmakers in a letter that it was reviewing information on rescheduling and “hopes to release its determination in the first half of 2016.” That hope ended when June did, and a DEA spokesman in Washington, D.C., told The Denver Post late last week that there is no update on the administration’s contemplations of rescheduling[…] Full story (Denverpost.com) Continue reading: When will the DEA announce its marijuana rescheduling decision?

[fortune420group]

Day of reckoning coming for Colorado Springs illegal marijuana growers

#MustWeed http://www.fortune420.com/day-of-reckoning-coming-for-colorado-springs-illegal-marijuana-growers/

Police will target unregistered, commercial-sized operations run by out-of-state residents

Drug raids targeting illegal marijuana grow operations shipping to out-of-state markets have made headlines in Colorado, but Colorado Springs has seemed untouched.

That’s about to change. Judgment day is coming, said Colorado Springs Mayor John Suthers. He expects hundreds of busts in coming months. And those busts won’t focus on your average home grows[…] Full story (Denverpost.com) Continue reading: Day of reckoning coming for Colorado Springs illegal marijuana growers

[fortune420group]

Colorado marijuana business information to go public

#MustWeed http://www.fortune420.com/colorado-marijuana-business-information-to-go-public/

The Colorado agency charged with policing the cannabis industry is about to get more user-friendly. The Marijuana Enforcement Division, which operates within the state Department of Revenue, is giving its website a significant overhaul, the division announced Tuesday. The project began in the fall and will make marijuana license data more readily available to the public.

“This is a significant step in the evolution of MED’s commitment to transparency and providing information to the public,” said new division director Jim Burack

[…] Continue reading (Denverpost.com) Colorado marijuana business information to go public