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Week in Review: US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more

U.S. lawmakers and experts tell a congressional panel that the federal government needs more cannabis research, some marijuana employees in Illinois vote to unionize, Trulieve refutes a short-seller report – and more of the week’s top MJ business news.   What’s the role of expanded marijuana research in federal reform? With strong bipartisan support, lawmakers […]

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Recent decisions on tax fines offer ray of hope for cannabis industry around burdens of IRS’ 280E

The U.S. Supreme Court’s decision this week not to consider a Colorado Supreme Court ruling on a tax fine – coupled with dissenting opinions in a recent case involving a California medical marijuana company – could have significant ramifications for the cannabis industry, according to tax experts. Left standing by the U.S. Supreme Court was […]

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Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses

A proposed overhaul of California’s marijuana regulatory and tax collection system could mean far less headaches for licensed cannabis companies in the state. It could also indicate there’s more legislative help on the way in 2020 for California’s struggling legal marijuana market. When he announced his annual budget plan on Jan. 10, California Gov. Gavin […]

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US House panel calls for stepped-up marijuana research, which could prove critical to federal reform

In a positive signal for the cannabis industry, lawmakers from both parties and three government witnesses told a U.S. congressional subcommittee Wednesday the federal government urgently needs more access to research around marijuana. But it remains unclear when that will occur, which could hinder the cannabis industry’s prospects if additional research findings are needed to […]

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Why cannabis businesses are hiring former politicians and regulators to move the industry’s lobbying efforts ahead

Marijuana businesses are increasingly bringing on former national and state politicians and regulators to help them navigate the ever-changing landscape surrounding cannabis legislation and related lobbying efforts as they look to move the industry forward. Earlier this month, for example, Maryland-based Green Leaf Medical announced it hired Joy Strand, a former executive director of the state’s Medical […]

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Trulieve fights short-seller report as its dominance in Florida medical cannabis market continues

Trulieve Cannabis, the predominant player in Florida’s medical marijuana industry, is fending off attacks raised in a recent negative research report as competitors try to cut into the company’s nearly 50% market share in the state. Grizzly Research promotes itself as doing in-depth research of publicly held companies, but its website doesn’t list a headquarters address or […]

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Chart: Good – not great – first year of medical cannabis sales in Ohio

Ohio’s medical marijuana industry pulled in nearly $60 million in its first year of sales, with increased access to dispensaries and falling prices making up for the market’s sluggish start. Roughly 50% of the state’s total medical marijuana sales came in the last quarter of 2019, but it wasn’t enough to drive sales to the heights […]

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