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DOJ official reiterates stance against marijuana firms in 280E fight

A Biden administration official has weighed in against marijuana companies a second time to the U.S. Supreme Court in cases involving Section 280E of the tax code. A brief filed Monday by acting Solicitor General Elizabeth Prelogar argues again that lower courts have been correct in ruling that state-legal marijuana businesses can be investigated by …

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Marijuana hydroponics firm to buy nutrient business for $125 million

Marijuana hydroponics equipment and supplies company Hydrofarm Holdings Group struck a deal to acquire nutrient producer House & Garden for roughly $125 million. It’s Hydrofarm’s second acquisition this year. The Fairless, Pennsylvania-based cannabis ancillary company entered a cash deal for Humboldt County, California-based House & Garden and several related businesses, which manufacture nutrients under the …

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Aurora Cannabis shares make debut on Nasdaq after firm departs NYSE

Edmonton, Alberta-based Aurora Cannabis has left the New York Stock Exchange (NYSE) and followed some of its Canadian competitors onto the Nasdaq Global Select Market. Aurora, which lost 1.4 billion Canadian dollars ($1.2 billion) through nine months of its fiscal year, swapped one exchange for the other because the Nasdaq generally has lower ongoing listing …

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Price per milligram of THC declining in cannabis-infused products

The average price per milligram of THC in infused cannabis products such as beverages and edibles has declined steadily since January 2020, a likely sign of increased competition as marijuana markets mature. Noninhalable marijuana products vary by size, dosage and item price, so measuring the price by the amount of THC it contains provides a …

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What Should the Standard Unit of Measurement be for Cannabis Research?

As we enter into a new age of cannabis research, the National Institute on Drug Abuse (NIDA) recommends establishing 5 milligrams as the Standard Unit of Measurement for research purposes. For the everyday cannabis consumer, this news will not affect you directly. Rather, this is a directive issued by the institute to help create a …

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Alabama Becomes 36th State to Legalize Medical Marijuana and No, This is Not a Joke, Alabama.

On Monday 17th May 2021, Alabama became the 36th state to legalize cannabis, with its Governor Kay Ivey signing the state’s medical cannabis bill. Legalizing cannabis in any state is always a combined effort between the state’s legislature and executive. Hence the reason the Governor thanked Senator Tim Melson and Rep. Mike Ball for championing …

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With DEA approval, New Mexico to get $300 million marijuana research facility

An immense marijuana cultivation facility is slated for rural New Mexico, now that the parent company has gotten the green light from the federal government to begin growing cannabis for medical research purposes. Bright Green Corp. said Monday that it will invest $300 million in a state-of-the-art manufacturing and cultivation facility to be housed in …

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