Avoiding the mistakes of other states that moved too quickly to launch adult-use sales – and limiting cannabis retail opportunities – are some reasons Virginia Gov. Abigail Spanberger gave for vetoing a marijuana sales launch.
Chris Roberts
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‘Reckless’ 280E gamble backfires as feds demand millions from cannabis MSO
In a troubling sign for cannabis operators that claimed 280E relief before rescheduling, the IRS wants TerrAscend USA to return $8.3 million.
Shock veto upends Virginia adult-use cannabis retail launch
Legal adult-use cannabis sales in Virginia are delayed yet again after Gov. Abigail Spanberger formally rejected a sales bill on Tuesday.
Minnesota lawmakers ‘tweak’ cannabis laws to create new category, boost hemp THC
The Minnesota cannabis industry is not yet a year old, but lawmakers are already making changes to the program amid modest sales.
Report: Massachusetts governor expected to fire cannabis czar
Massachusetts Gov. Maura Healey is expected to not retain the services of current state cannabis czar Shannon O’Brien, whose tenure has been contentious.
New York promised marijuana social equity. Entrepreneurs got stuck with the bill.
New York still has the chance to make good on the promises it made to cannabis social equity entrepreneurs.
Federal judge approves cannabis MSO for Chapter 15 bankruptcy
In a move that could signal new options for cannabis companies seeking bankruptcy protections, a U.S. judge signed off on The Cannabist Co.’s filing for Chapter 15 protections.
New Mexico border town rejects cannabis retail – at Texas lawmakers’ request
A New Mexico town that’s a suburb of El Paso, Texas, has rejected applications to open cannabis retailers on the state border.
Medical cannabis operators are lining up to register with the DEA after marijuana rescheduling
It’s not yet known whether DEA registration will be mandatory for benefits like 280E relief, but for medical cannabis operators, the risk of not registering may be a deciding factor.
Oklahoma cannabis cultivators must obtain DEA registration, state says
Medical marijuana manufacturers in Oklahoma will be required to register with the DEA to keep their state permits, according to officials.
Texas revokes cannabis MSO’s permit to enter medical market
In an abrupt about-face, Texas officials rescinded three conditional permits to enter the state’s expanded medical marijuana program. Chicago-based MSO Cresco Labs was one of them.
Will your cannabis business qualify for retroactive 280E relief? Here’s how you can find out.
The tax implications of medical cannabis rescheduling aren’t yet fully known, but cannabis businesses can take action now.
