Beware of getting caught up in the race to secure a cannabis farm. The risk of getting stuck with an impractical or unproductive site is high. But the cost of mitigating that risk is relatively low.
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PHONE: 720.907.1923
Marijuana companies used 4/20 virtual events to drive sales, build community amid coronavirus crisis
With the coronavirus pandemic leading to stay-at-home orders around the U.S., large gatherings were not allowed this year. But that didn’t stop some cannabis companies from organizing their own virtual festivities.
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Cannabis executives participate in Take Our Daughters and Sons to Work Day
In recognition of National Take Our Daughters and Sons to Work Day, Marijuana Business Daily asked cannabis executives to send photos of themselves with their kids at work.
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Cannabis businesses being good citizens amid COVID-19 crisis
Hand sanitizer was suddenly nowhere to be found as the coronavirus crisis escalated. Cannabis companies around the U.S. took their cue and saw an opportunity to pivot toward making a now-essential product without too much disruption to their manufacturing processes. And businesses didn’t stop at hand sanitizer.
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CARES Act for cannabis companies: A financial expert’s take
The federal government has come out with the single most expansive relief package, the Coronavirus Aid, Relief and Economic Security Act , since the New Deal of the 1930s. While the CARES Act is certainly sweeping in its mandate, there is one sector potentially missed – the cannabis industry.
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A COVID-19 legal checklist for California cannabis businesses
As an essential business, California licensees have both rights and very significant responsibilities to employees, customers and regulators – so the stakes of understanding the letter and intention of the law have never been higher.
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Week in Review: Coronavirus’ effects on marijuana firms, Tilray plans $90M raise, Maine aims to tackle illicit MJ & more
Marijuana retailers, vape product suppliers and MJ industry conferences and trade shows are among the cannabis businesses dealing with challenges related to coronavirus. MJBizDaily takeaway: On the supply side, businesses that rely on cannabis vape products sourced from China are feeling the strain, as are manufacturers that use Chinese companies to provide packaging. But many are looking […]
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Advice on 280E for marijuana executives: Settle in lieu of fighting with the IRS
As a former Federal Commissioned Officer of the Internal Revenue Service, here’s my advice for cannabis companies and section 280E of the U.S. tax code: Settle with the IRS – rather than fight it in U.S. Tax Court.
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Week in Review: UN delays cannabis vote, marijuana events keep eye on coronavirus, another MJ business founder steps down
This week’s United Nations Commission on Narcotic Drugs (CND) meeting in Vienna indicated the division among nations over the World Health Organization’s cannabis scheduling recommendations. The CND pushed back a vote to December and declined to immediately take up voting on recommendations that would have far-reaching implications for the global cannabis industry. MJBizDaily takeaway: The […]
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Week in Review: UN drug chief ponders validity of cannabis control treaties, coronavirus effects on marijuana sector, US authorities loosen hemp testing rules & more
The United Nations narcotics enforcement agency president considers whether drug control treaties are outdated, experts share insights on how the coronavirus might affect the marijuana industry, MJ labs could see new opportunities in testing hemp – and more of the week’s top cannabis business news. UN drug chief questions drug control conventions The head of the […]
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Directors and officers liability insurance is increasingly important – and costly – for cannabis companies
Cannabis industry authorities predict more bankruptcy filings and insolvency proceedings by cannabis companies in 2020.
Under this scenario, businesses low on cash struggle to raise funds or are unable to compete, forcing them to seek protection under federal bankruptcy and/or state insolvency and receivership laws.
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Week in Review: MO besieged by medical cannabis permit appeals, lawmakers push back against SAFE Banking, record CO marijuana sales & more
Rejected medical marijuana license applicants appeal Missouri regulators’ decisions, Republican legislators ask key U.S. senator to oppose MJ banking measure, Colorado cruises past $1.75 billion in cannabis sales in 2019 – and more of the week’s top marijuana business news. Missouri MMJ licensing tumult Medical marijuana license applicants in Missouri that failed to win permits have deluged […]
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The pandemic pivot and how cannabis companies reacted to COVID-19.