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John Schroyer

A Sacramento-based journalist, John had focused on Colorado politics for most of his career, which included covering the 2008 Democratic National Convention in Denver. In 2012, he covered the Amendment 64 campaign to legalize recreational marijuana for The Colorado Springs Gazette. As then-video editor for The Gazette, he was on hand for the first-ever legal recreational marijuana sale in Denver on Jan. 1, 2014. He’s been writing about the cannabis industry since joining Marijuana Business Daily over the summer of 2014.

A primer on marijuana-related IRS terminology

The marijuana-related IRS documents that serve as the basis for this series can be accessed here. Section 280E of the Internal Revenue Code: Prohibits any company that traffics in Schedule 1 or Schedule 2 controlled substances from taking standard business deductions on their federal taxes. The practical result for state-legal marijuana companies: They often pay […]

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Subleasing likely to provide a path for out-of-state companies into Arizona’s recreational cannabis market

With the January launch of Arizona’s adult-use marijuana market, insiders predict strong growth in the number of out-of-state companies using a backdoor method to enter the burgeoning recreational industry there: subleasing space in large cultivation or manufacturing facilities. The practice will allow out-of-state brands – and, to a lesser extent, Arizona marijuana startups – to […]

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New marijuana alliance joins Koch brothers, social justice advocates

The Cannabis Freedom Alliance is the third national marijuana reform group announced in three months this year, but the difference with this one is its Republican participation – particularly the billionaire Koch brothers. According to Politico, the alliance includes Americans for Prosperity, the political organization founded in 2004 by the Koch brothers to support Republicans […]

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Marijuana tech firm Fyllo completes $30 million Series B capital raise

Chicago-based ancillary marijuana company Fyllo said Tuesday it completed a $30 million Series B capital raise intended to fund further growth into the cannabis sector as well as other “highly regulated industries.” In a news release, Fyllo said the raise brings its investment totals to almost $60 million. The tech company, which specializes in marketing […]

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California marijuana advocates drumming up support for proposed statewide ballot measure

After enduring years of frustration stemming from myriad business complications, the California marijuana industry might soon have a way to “fix legal cannabis” in the state. A statewide ballot measure is being floated that could potentially ease the high taxes, regulatory burdens and illicit-market competition the California industry has been dealing with since 2016, when […]

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Developers planning 70-acre ‘cannabis campus’ in upstate New York

Following the legalization on Tuesday of recreational marijuana in New York, developers in South Buffalo announced they’re moving ahead full steam with a new business park that they envision could become home to multiple marijuana companies. The proposed multimillion-dollar project – which backers are calling a “cannabis campus” – will cover upwards of 70 acres […]

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Feds investigating marijuana MSO Green Thumb Industries, report says

Illinois-based cannabis multistate operator Green Thumb Industries is the focus of a federal investigation, including the possibility the company was involved in corruption related to its political donations, the Chicago Tribune reported. According to the newspaper, federal authorities are “scrutinizing campaign donations and other steps Green Thumb Industries took as it sought to secure growing […]

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Missouri medical marijuana sales nearing $25 million mark

Medical marijuana sales in Missouri have hit almost $25 million since the market launched in October, according to state figures. That total breaks down to roughly $2 million in sales a week, according to the Missouri Medical Cannabis Trade Association. “These encouraging sales figures come as no surprise – but are all the more impressive […]

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California marijuana testing lab regains revoked license via court settlement

A marijuana testing lab in the San Francisco Bay area is getting back its business license through a settlement agreement with state regulators. Hayward-based Harrens Lab, whose provisional business license was revoked by the state Bureau of Cannabis Control (BCC) in February for several rule violations, filed suit because it had no way to appeal […]

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