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TL;DR - All of the Week's Top Stories, Distilled – April 11, 2022

4/11/22
Happy Monday! As the debate for federal legalization continues at the highest levels of government, one thing is for sure – this industry has a huge impact on our economy. According to data analyzed by MJBiz Daily, the legal cannabis industry will add nearly $100 Million to the U.S. economy in 2022. And while federal lawmakers drag their feet, even historically conservative states like Maryland and South Carolina are making moves to increase access to cannabis. We've got those stories and more in the recap below.  
TL;DR
Too long, didn't read? Here's the gist.

🗽 New York lawmakers have agreed to let licensed cannabis companies make business tax deductions like any other industry. – Ganjapreneur
 
🏛️ Leaders of the Congressional Cannabis Caucus have selected Rep. Brian Mast (R-FL) to serve as the fourth co-chair of the bipartisan panel. – Marijuana Moment
 
💸 The Massachusetts state Senate unanimously passed a package of cannabis reforms that includes stopping exorbitant fees charged by some municipalities. – MJBiz Daily
 
👏 Maryland’s governor announced that he won’t stand in the way of marijuana legalization if voters approve the reform on the November ballot. – Marijuana Moment
 
🪴 According to the DEA, cannabis seeds may be legal to ship across the U.S. because they're considered hemp and protected by the Farm Bill. – Leafly
 
💊 As insurers get involved, there is a fight underway in Germany to categorize cannabis flower as “non-generic” medicine. – High Times
 
✈️ Airport cannabis amnesty boxes aren't being used because airports just aren't arresting people for pot. – The Fresh Toast
 
🌴 South Carolina is sending a medical cannabis bill to the House floor for consideration for the first time. – Ganjapreneur
 
🤔 The feds have clarified that medical marijuana recommendations from doctors do not excuse positive drugs tests for government jobs. – Marijuana Moment
 
🏡 Airbnb is getting in on 4/20, offering a stay at a farmhouse overlooking overlooking the 60-acre Sonoma Hills Farm. – Thrillist
 
BUDS BY THE NUMBERS
Five stats that stopped our thumb.
 
1. The total U.S. economic impact from marijuana sales in 2022 is expected to reach $99 Billion. – MJBiz Daily

2. Pelorus Equity closed it's second tranche of $35 Million, for a total of $77.3 Million lent to Harborside. – New Cannabis Ventures

3. A recent poll found that 55% of Europeans back the broad legalization of adult-use cannabis. – Ganjapreneur

4. Arizona awarded 26 coveted social equity cannabis business permits during a long-awaited license lottery. – MJBiz Daily

5. Adult-use cannabis is generating big revenue in Montana, with over $43 Million in Q1 sales. – High Times
Written by Justin Johnson