By Alex Halperin
280E- 280E refers to the cannabis industry’s least favorite line in the federal tax code. It prohibits businesses in federally illegal industries from deducting their business expenses, forcing state legal cannabis businesses to pay a far higher effective tax rate than mainstream businesses. An infuriated U.S. Congress passed 280E in 1982 after a judge ruled in favor of a Minnesota cocaine and methamphetamine dealer who wanted to deduct some of his business expenses. For more see Canna Law Blog.
Adult Use: (Also: Therapeutic Use, Over the Counter) A term some in the industry prefer to REC, because they think it implies more responsible, health-conscious use.
Adult Use of Marijuana Act: (AUMA) - (a.k.a. Proposition 64): AUMA is the REC law Californian’s passed on November 8, 2016. California’s REC market officially opened January 1, 2018.
California- With almost 40 million people, California is the world’s largest legal REC market. In 1996 California was also the first state to legalize MED.
Canada- With support from Prime Minister Justin Trudeau, Canada is the only large industrial nation to have legalized REC.
Cannabidiol (CBD) -- CBD is a non-psychoactive cannabinoid which advocates believe has a wide range of medical uses. Epidiolex, a CBD-based pharmaceutical used to treat certain severe pediatric seizure disorders, is the only marijuana derived drug approved by the US Food and Drug Administration. There is also widespread interest in CBD as a “wellness” product and nutraceutical, both of which enable access without the chemical clearing the FDA approval process.
Cannabinoid- A type of chemical found in cannabis plants. There are said to be dozens or even hundreds of cannabinoids, but the two best known are tetrahydrocannabinol (THC) and cannabidiol (CBD).
Charlotte’s Web- A catch-all name for CBD rich marijuana. Some parents have found the oil from Charlotte’s Web and other CBD strains to help children with seizure disorders.
Cole Memo -- Released in August 2013, the Cole Memo is a document written by then U.S. deputy attorney general James M. Cole. It issues guidance to federal law enforcement not to prosecute state-legal cannabis activity as long as it conforms to eight guidelines including no interstate commerce, no affiliation with organized crime and no sales to minors. The Cole Memo was generally considered the most important document enabling the legal cannabis industry to function until Attorney General Jeff Sessions rescinded it in January 2018. Since then the Cole Memo’s guidelines have largely remained the standard for a well-functioning industry. See the document here.
Colorado -- In January 2014, Colorado was the first U.S. state to open a functional REC industry. Coloradans voted to legalize REC in November 2012
Concentrates -- Strong cannabis products manufactured by separating excess plant matter from the plant’s active ingredients, often with solvents such as carbon dioxide and alcohol. Concentrates can contain more than 90% THC and go by names such as wax, shatter, crystalline, budder (butter), and crumble. The oil in vaping cartridges is also a concentrate. Some of the solvents used to make concentrates are explosive or “volatile” and accidents have resulted in explosions, horrific burns and death. Concentrates are often consumed by dabbing.
Dabbing -- Dabbing is a preferred consumption method for concentrates. It typically involves vaporizing tiny (well less than 1 gram) portions of concentrates on a bonglike device.
Dispensary -- A store selling marijuana products
Emerald Triangle -- A section of far northern California considered the most important marijuana growing region in the U.S. The Emerald Triangle is comprised of Humboldt, Mendocino and Trinity Counties, all of which are rugged, and thinly populated. Recommended reading: Humboldt: Life on America’s Marijuana Frontier by Emily Brady
Flower -- Buds of the cannabis plant which can be smoked or vaped, formerly known as marijuana
Hemp -- Hemp is a cannabis plant with industrial uses including as a source material for biofuel, cloth, and paper. The U.S. government defines hemp as cannabis with less than 0.3 percent THC.
Hybrid -- A type of cannabis which combines Indica and Sativa varieties.
Indica -- According to marijuana lore, Indica strains of cannabis deliver a relaxing, mellow sensation. The lore has not been proven by mainstream science.
Israel -- The Middle Eastern nation is a leader in cannabis research.
Marijuana -- A common name for cannabis. It was commonly used by Mexican laborers working in the western U.S. in the late 19th and early 20th centuries.
Medical Marijuana (MED) -- As of November 2018, thirty-one states have legalized some form of MED. Each state decides which conditions qualify for access, but they commonly include AIDS, cancer, glaucoma, epilepsy, severe nausea and pain and PTSD. The science confirming MED’s efficacy for these conditions varies widely.
Ogden Memo -- An October 2009 memo written by then deputy attorney general David W. Ogden advising federal authorities not to prosecute MED activity that is in “clear and unambiguous compliance” with state laws. See the memo here.
Sativa -- According to marijuana lore, Sativa strains of cannabis deliver an upbeat, energetic high. As with Indica varieties, the lore has not been proven by conventional science.
Social Use -- Rules allowing cannabis consumption in public, often at designated lounges or cafes. As of November 2018, no state, and only a handful of US cities, license businesses for social use.
Strains -- The primary way for sorting marijuana specimens within the categories Indica, Sativa and Hybrid. There are thousands of strain names. Well known ones include Sour Diesel, Durban Poison, Blue Dream, and OG Kush. While connoisseurs often ascribe traits to various strains, such as a specific odor or nature of high, these assertions aren’t rooted in conventional science.
Terpene -- Terpenes are chemicals found in cannabis and many other plants, which create the plant’s aroma. Some believe terpenes also help determine a specimen’s high. Terpenes include limonene, myrcene and pinene.
THC -- The cannabinoid Tetrahydrocannabinol (THC) is the primary psychoactive ingredient in cannabis.
Uruguay - In 2013 Uruguay became the first nation to legalize and regulate marijuana. The small South American nation now has a functioning industry.
Washington - In 2014, Washington state became the second state to open a REC market.
What else should be in the Green Rush Glossary? Contact firstname.lastname@example.org
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