From jobs to tax revenue to commercial real estate, the marijuana industry has a large – and growing – impact on the broader economy in the United States. The total U.S. economic impact from marijuana sales in 2021 is expected to reach $92 billion – up more than 30% from last year – and upwards …
Marijuana industry expected to add $92 billion to US economy in 2021 Read More »
A few days ago, a man of Waikato origin was caught red-handed by the law enforcement officers for possessing and giving out cannabis free of charge. What’s more, is that receivers of this man’s charity were elderly people in need of the pain-relieving effects of cannabis. The name of the suspect is Jason Tong. The …
Green Fairy Charged by Police for Giving Away Free Weed Read More »
If you’re growing outdoors, you have an infinite number of potential contaminants on your crops ranging from bug shit, dust, other plant pollen, insect eggs, fungi, and much more. You may think that your indoor grow is safe, but there too could be contaminants from dusty fans, microscopic fungal growth and so forth.
To attain $1 billion status in total retail sales in the Medical Cannabis Industry alone in less than four years is praise-worthy. This stunning announcement was made during a public meeting by the Executive director of the Medical Cannabis Commission in Maryland, William Tilburg. In the course of this meeting, Mr. Tilburg explained that the …
Two former California city officials were each sentenced to two years in prison for accepting $35,000 in cash bribes in January 2020 in exchange for ensuring that a marijuana dispensary application would be successful. The case reflected the FBI’s determination to crack down on public corruption in California’s marijuana market and revealed publicly the presence …
Two California officials sentenced to two years in marijuana corruption case Read More »
Alabama is poised to become the 39th state in the nation to legalize a medical cannabis market after lawmakers in the Deep South state passed a landmark but restrictive measure last week. Marijuana legalization outlook: Alabama yes, but Kansas unlikely is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently disclosed proxy circular, even as the company continued to lose money. Schmidt’s compensation reflects a salary and bonus that covers only the part of the …
Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay Read More »
Here at the Canna Law Blog, we had intended to start our series on the real estate implications of the Marijuana Regulation and Taxation Act (MRTA) with a discussion of issues faced by each license type. But after reading The New York Times’ recent article on the real estate “rush” caused by the MRTA, we …
Canadian producer Green Organic Dutchman expects to sell its massive greenhouse in Salaberry-de-Valleyfield, Quebec, by the end of June, becoming the latest company to unload a cultivation facility amid a glut of cannabis. As recently as last summer, The Green Organic Dutchman (TGOD) had said the structure was “expected to be the largest organic cannabis …
Green Organic Dutchman plans cannabis greenhouse sale by summer Read More »
Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. cannabis transaction to date. Breaking: Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news …
Breaking: Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal Read More »