The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.
Kate Robertson
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Alabama halts medical cannabis licensing process over scoring concerns
The Alabama Medical Cannabis Commission s delaying handing out its initial round of medical marijuana cultivation and retail licenses as it reviews the consistency of its evaluation process.
Marijuana MSO footprints mapped out in new feature
MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.
Cannabis MSO Acreage streamlines board ahead of Canopy acquisition
New York-based cannabis multistate operator Acreage Holdings streamlined its board of directors to prepare for the company’s acquisition by Canopy USA, the American arm of Canadian producer Canopy Growth Corp.
Illinois minority-owned marijuana retailer raises $3 million for expansion
Socíale, a minority-owned marijuana retailer in Illinois, raised $3 million to fund its expansion plans in the state.
More Rhode Island adult-use cannabis stores coming, new regulator says
More adult-use marijuana stores could open in Rhode Island as soon as 2024 now that the state’s Cannabis Control Commission has been confirmed.
Trulieve adds $550,000 to Florida’s adult-use marijuana campaign
Multistate operator Trulieve Cannabis donated another $550,000 toward an adult-use marijuana legalization advocacy campaign in its home state of Florida.
Charlotte’s Web CBD founders move to block board nominees
In the wake of revenue and stock price declines, the founders of Colorado-based CBD and hemp company Charlotte’s Web Holdings want to rejoin its board of directors and block the appointment of four nominees.
Hemp given special status, added to USDA advisory committee
The U.S. Department of Agriculture will include hemp in the title of one of its Agricultural Technical Advisory Committees (ATACs), showing the agency recognizes the crop’s importance as a commodity.
Union files more charges against marijuana MSO Green Thumb
Teamsters Local 777 filed additional Unfair Labor Practice (ULP) charges against Chicago-based marijuana multistate operator Green Thumb Industries only weeks after employees went on strike for 13 days.
Kansas City Royals sign pro baseball’s second CBD sponsorship deal
Pure Spectrum CBD signed a sponsorship deal with the Kansas City Royals, the second such deal for a Major League Baseball team.
Marijuana trade organization NCIA cuts staff
Widespread layoffs in the marijuana industry are affecting trade organizations such as the National Cannabis Industry Association (NCIA), which cut close to half its employees last week.
