Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar
The number of canceled cannabis business licenses has soared alongside the amount of “uncollectable” excise tax in Canada.
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The number of canceled cannabis business licenses has soared alongside the amount of “uncollectable” excise tax in Canada.
New Mexico set a monthly record for recreational and medical cannabis sales with more than $52 million in March.
Iowa will restrict hemp-derived cannabis products and expand its medical marijuana program under a bill headed to the governor’s desk.
The Missouri Supreme Court reversed an appeals court decision that said Mo Cann Do should be granted a medical cannabis license.
Total delinquent payments by U.S. cannabis operators have exceeded $3.8 billion and could balloon to $4.2 billion in 2024 without some intervention.
Heritage Cannabis is the latest Canadian marijuana producer to obtain an order for creditor protection as a wave of insolvencies continues to sweep across the nation’s adult-use market.
U.S. lawmakers might address intoxicating hemp-derived cannabinoids in the new Farm Bill, which could adversely affect a budding industry.