Food Stamp Applicants in 3 MMJ States No Longer Able to Deduct Medical Cannabis Costs
Low-income patients in Maine, New Mexico and Oregon will no longer be able to deduct medical marijuana expenses from their income when applying for food stamps, a change mandated by the federal government.
We predicted this might happen earlier this month when several media outlets wrote eabout how the three states allow MMJ deductions for food stamp applicants.
These states have allowed the deductions for years, and in some cases longer than a decade. In some cases, food stamp recipients also received a special deduction on annual fees for an MMJ card. But the practice had continued under the radar until the media chose to highlight the situation this month, in part because medical marijuana has become such a hot-button issue.
The stories pushed the issue into the spotlight and put the government in an awkward position, as the food stamp program is federally funded. The government, ironically, has been allowing allowing such deductions even though medical marijuana is technically still illegal at the federal level.
Unfortunately for some MMJ patients, the government responded to the stories by ordering the states to end the deductions or face penalties.
Luckily, the number of patients that participate in the program is relatively low, so the development shouldn’t affect dispensaries too much. However, in the overall context of recent events, it’s yet another small setback for an industry trying to find its footing
Florida is having a hard time figuring out rules for its CBD industry. The state [click to continue...]
Dispensaries in Maine sold an estimated $16.2 million worth of medical cannabis last year, while [click to continue...]
Oregon could keep medical marijuana completely separate from recreational cannabis when retail sales begin next [click to continue...]
Missouri has joined the growing number of states legalizing CBD-based medicines. The state awarded cultivation [click to continue...]
Dispensaries and retail cannabis stores in Colorado sold nearly 150,000 pounds of marijuana flower last [click to continue...]
Recreational marijuana has dominated headlines out of Washington DC this week, as the use, possession [click to continue...]
A company that got turned down for one of the Illinois’ 21 medical marijuana cultivation [click to continue...]
A financial services firm that plans to serve the cannabis industry has secured $2 million [click to continue...]
Alaska marijuana entrepreneurs who want to specialize in infused products or extracts will have to [click to continue...]
With private marijuana use on track to become legal in Washington DC on Thursday barring [click to continue...]
Oregon is facing an interesting question tied to its medical marijuana law: Should evicted cannabis [click to continue...]
Institutional investors will put money into cannabis stocks this year, though many publicly traded MJ [click to continue...]
Alaska Gov. Bill Walker has sent a bill to state lawmakers calling for the establishment [click to continue...]
Canadian stock regulators have a word of warning for those investing in MMJ companies north [click to continue...]