Craft cannabis producers are limited to selling through bigger processors. The executive director of an umbrella group representing about three dozen farmers’ markets in Nova Scotia says craft cannabis should be allowed to be sold at market booths. “The farmers’ market could be the perfect place for that type of product to be sold in …
Farmers’ Markets Support Sale Of Craft Cannabis At Market Stalls Read More »
Federal investigators reportedly are looking into whether embattled Republican Congressman Matt Gaetz of Florida took gifts in exchange for politically influencing medical marijuana policy. CNN reported Friday that U.S. Justice Department investigators are examining whether a trip to the Bahamas in 2018 with several young women was part of a pay-to-play arrangement in the marijuana …
Federal probe into Florida congressman said to include his marijuana ties Read More »
A U.S. appeals court has rejected California-based Harborside’s bid to stamp out Section 280E of the Internal Revenue Code, dealing a major blow to the marijuana industry’s hopes of eliminating a federal tax provision that has cost companies countless millions of dollars over the years. US appeals court denies cannabis firm Harborside’s bid to end …
US appeals court denies cannabis firm Harborside’s bid to end 280E Read More »
Canadians purchased 109 million Canadian dollars ($87 million) worth of recreational cannabis edibles in 2020, the first full year they were available in the country, according to data recently published by Statistics Canada. While that’s only 4.2% of all regulated cannabis sales last year, experts see significant growth happening in the coming year as inventory …
Canadian cannabis edibles sales top CA$100 million in first year Read More »
New York recently enacted an adult-use marijuana law that many industry experts believe has the most robust provisions yet for including minorities, women, war veterans and struggling farmers in the state’s newest industry. But when the recreational marijuana market launches in 12 to 18 months, will New York be on the path toward becoming the …
New York’s marijuana social equity program eyed as possible game changer Read More »
A Denver marijuana wholesale and consulting company broke into the retail side of the industry by agreeing to purchase a cannabis retailer with operations in Colorado and Oregon. General Cannabis Corp. announced Thursday a definitive agreement to pay $39.5 million – 13% in cash, 87% in stock – to buy Trees, which currently operates one …
General Cannabis enters retail business via $39.5M Trees deal Read More »
Florida Supreme Court delivered a crushing blow to an effort to put adult-use marijuana legalization on the ballot in 2022, ruling that the initiative is “misleading.” The 5-2 decision means that the sponsor, Make it Legal, would have to start over with the process to get an adult-use initiative on a future ballot, the Miami …
Florida’s highest court rejects adult-use marijuana ballot measure Read More »
Acquisition activity in Pennsylvania continues at a brisk pace, with Illinois-based Verano Holdings making a big move to add marijuana cultivation and retail capacity in the state through two deals totaling more than $170 million. The multistate operator said Thursday it signed definitive agreements to acquire a large cultivation facility as well as an equity …
Cannabis MSO Verano makes $175M expansion move in Pennsylvania Read More »
The head of the U.S. Senate Banking Committee threw cold water on hopes for speedy action in the upper chamber on a major marijuana banking reform bill the U.S. House of Representatives passed this week in a bipartisan vote. Sen. Sherrod Brown, an Ohio Democrat, told reporters Wednesday he’s interested in the legislation – known …
Key US senator downplays hopes for quick action on marijuana banking bill Read More »
No longer applying Section 280E of the Internal Revenue Code to the legal cannabis industry would be a big benefit to companies and investors, right? Yes, but not in the way most investors expect. The impact on cannabis company stocks if Section 280E is scrapped is a post from: Marijuana Business Daily: Financial, Legal & …
The impact on cannabis company stocks if Section 280E is scrapped Read More »