Nearly four years after West Virginia voters legalized medical cannabis, state officials are allowing eligible patients to register for the program. According to Charleston TV station WOWK, the state's Office of Medical Cannabis has begun...
John Schroyer
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NM medical cannabis companies won’t have to renew licenses this summer
Instead of having to undergo the annual summer license renewal process, New Mexico’s medical cannabis businesses can instead focus on the upcoming licensing process for adult-use permits as the state transitions to a recreational MJ market.
US Supreme Court declines to hear $1.9 million 280E cannabis tax case
The U.S. Supreme Court on Monday refused to hear an appeal from two California-based cannabis companies that were seeking a reprieve from federal tax bills totaling $1.9 million under Section 280E.
New Mexico revokes license of one of state’s 34 medical marijuana firms
State regulators in New Mexico yanked the business permit of Santa Fe-based New MexiCann Natural Medicine after an explosion and fire at one of its locations last October.
Marijuana MSO Ascend Wellness aims to raise $80 million via IPO
Multistate operator Ascend Wellness Holdings plans to raise $80 million through an initial public offering aimed at bankrolling marijuana investments in Ohio and New York as well as future acquisitions.
Oklahoma cracking down on lawbreaking marijuana companies
Oklahoma law enforcement officials are conducting a wide-ranging investigation into legal medical marijuana businesses they say might also be involved in illicit street sales.
Virginia creating three cannabis oversight boards for adult-use program
Virginia state officials must appoint three oversight boards before marijuana becomes legal for citizens to possess and consume in July, including an industry panel that will be in charge of licensing businesses to cultivate and sell adult-use cannabis starting as...
Billboard ban is latest marketing hurdle for California cannabis firms
A court ruling limiting billboard ads on some California roadways underscores the legal hurdles marijuana companies face in trying to promote their brands.
US marijuana legalization advocates in ‘waiting game’ on Schumer bill
It’s been more than two months since Senate Majority Leader Chuck Schumer pledged to tackle federal marijuana legalization, but so far there’s been little in the way of details made known about what the Democrat’s bill might include.
New Mexico cannabis firm fined $142K for safety violations, might lose license
A medical cannabis company in New Mexico is facing $142,000 in fines and the possible loss of its business license stemming from a fire that harmed multiple workers.
California-based Connected Cannabis completes $30 million raise
Connected International Co., which does business as Connected Cannabis, said it closed on a $30 million capital raise that will bankroll national expansion plans. According to a news release, the California-based, vertically integrated...
IRS has spent years training agents on marijuana audits
The IRS has been training its agents for at least eight years in the finer details of auditing marijuana companies, using PowerPoint presentations that outline everything from legal precedents to questions that should be asked during interviews with business owners.
