After the Department of Justice issued a memo in December stating that Native Americans could grow and sell marijuana on tribal lands, there was an immediate rush by entrepreneurs to sign up tribes and cash in on the opportunity. But some legal experts are now...
The Internal Revenue Service has no sympathy for marijuana companies that can't find bank accounts, it seems. An IRS hearing officer has rejected a Colorado dispensary's request to waive a 10% penalty assessed on companies that don't withhold employee taxes...
By John Schroyer Let the lobbying begin. Lawmakers across the country are introducing bills to legalize medical or recreational cannabis at the state level this year, galvanizing marijuana advocacy groups and sparking hopes that the industry is poised for yet another...
Uruguay is moving closer to starting marijuana sales after a series of delays plagued the first country to legalize recreational cannabis at the national level. Investors from as far away as Canada and Germany submitted bids last August for just five licenses to...
By John Schroyer Two very different visions of recreational legalization emerge in Maine, a California dispensary gets a break in an important lawsuit, and Illinois' medical marijuana program inches forward. Here’s a closer look at several notable developments in the...
HempMeds, a subsidiary of Medical Marijuana Inc., is planning some aggressive moves to expand this year. The company said it expects to add roughly 100 employees in 2015 to its new San Diego headquarters - which currently has 52 workers - as it ramps up its Dixie...
By John Schroyer Behold, the power of cannabis. Dispensaries and retail cannabis stores in Colorado generated nearly $700 million in marijuana revenues last year, when the state became the first market in the nation to launch recreational MJ sales. The total includes...
Call it a business match made in heaven. A well-known Colorado microbrewery is teaming up with a long-established marijuana shop with a new marketing strategy targeting both beer drinkers and cannabis users. The Grass Station, which sells rec and medical cannabis,...
It seems like marijuana investors are practically falling from the sky these days. CanopyBoulder, a new Colorado-based business accelerator focused on helping ancillary cannabis companies, has already raised $1.2 million in funding to help startups get off the ground,...
An organization pushing recreational marijuana legalization in Maine has a new focus: help out small businesses. Legalize Maine filed initiative language with the secretary of state, and is touting its effort as the first "homegrown initiative,"Â according to the...
Professional education on the cannabis industry is becoming broader-based and easier for young professionals to come by - which could help create a better prepared workforce for marijuana companies. Colleges across the country are beginning to...
A very public fight over marijuana in Washington DC is brewing between city leaders and Congress, and the outcome will likely determine whether recreational cannabis sales come to the nation’s capital.
