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What is the Best Marijuana License Plate? – Colorado Sets Records at RMV Auction

The license plates were all cannabis-themed and quite catchy. The list of the fourteen cannabis-themed license plates are; ISIT420, BONG, GREEN, HONEY, GANGA, HERB, INDICA, HASH, SATIVA, INDICA, GOTWAX, HAPPY, TEGRIDY (which refers to a fictional cannabis farm in Colorado) and STASH. All of these license plates make reference to the cannabis culture prompting marijuana …

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What is the IRS 280E Tax Code and Why is It Killing the Marijuana Industry Right Now?

However, there is a cumbersome issue that bothers every cannabis entrepreneur in the country, regardless of their state’s laws. This issue revolves around Section 280E, Tax code. This tax law has made running a canna business very hard for people who have no idea how to navigate around it. The IRS claims that all canna-businesses …

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Last Prisoner Project Spring Update

CANNABIS CULTURE – It’s been a busy spring for Last Prisoner Project! Keep reading for more updates and information on our latest campaigns, recent events, and opportunities to support our constituents. Parading with Policymakers Last Saturday, LPP board members, staffers, and affiliates marched in the New York City Cannabis Parade & Rally, one of the longest-running marijuana activism events …

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Decisions by judge, regulator boost New Mexico’s marijuana market

The biggest medical marijuana business in New Mexico, Ultra Health, is celebrating another legal victory after a district court judge sided with the company’s lawsuit alleging that regulators inappropriately limited which out-of-state patients could buy MMJ under the state’s reciprocity rules. According to the medical marijuana statute, legitimate MMJ patients from other states may buy …

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Alabama lawmakers pass landmark medical cannabis legalization bill

Alabama took a major step toward becoming the 39th state in the nation to legalize a medical cannabis market, albeit a relatively restrictive one, after the House passed an amended bill by a vote of 68-34 Thursday. The state Senate already had approved the Alabama Compassionate Act, Senate Bill 46, by a 21-8 vote in …

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MJBiz introduces podcast series to aid cannabis entrepreneurs

MJBiz, the parent of independent publisher and event producer MJBizDaily, is launching a podcast series intended to deliver business insights and advice to entrepreneurs from the cannabis industry’s top executives and leaders. Titled “Seed to CEO,” the weekly podcast features MJBizDaily CEO Chris Walsh holding in-depth conversations with cannabis executives who share the tactics and strategies …

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Canadian cannabis extracts topped CA$324 million in sales in 2020

Sales of cannabis extracts and concentrates tripled between the first and final quarter of last year, ending 2020 with roughly 324 million Canadian dollars ($265 million) in retail sales, according to new Statistics Canada data. It was the first full year of sales for products such as cannabis vaporizers, which started their slow rollout at …

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Trulieve acquires marijuana cultivation license, two dispensary permits in WV

Trulieve Cannabis completed a $6 million cash-and-stock acquisition of West Virginia medical marijuana operator Mountaineer Holding. The acquisition, which was announced in March, includes a cultivation license and two dispensary permits. The deal “positions Trulieve for vertical operations in West Virginia,” the Florida-based company said in a Thursday news release. “Our teams have already been …

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USPTO Refusal To Register Cannabis Trademarks Hurts Public

The U.S. Patent and Trademark Office’s policy of rejecting applications to register trademarks that identify nonhemp cannabis products, as well as certain hemp CBD products, reflects an unduly doctrinaire approach that ultimately makes Americans less safe. As the cannabis industry continues to enter the business mainstream, the extension of trademark rights to cannabis companies’ products …

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