Recreational Marijuana News
The Massachusetts Legislature approved a series of marijuana industry reforms in a bid by lawmakers to lower barriers to entry for small and minority-owned businesses, jump-start consumption lounges and decrease local fees for cannabis businesses.
Significantly fewer cannabis consumers in the Canadian province of British Columbia report buying marijuana from unlicensed stores since legalization, according to a new survey.
The long-awaited debut of sit-down cannabis consumption lounges throughout California appears to have arrived, and industry experts predict these venues will expand exponentially in the next few years.
Less than a year after Denver’s first licensed cannabis delivery service opened, the owners have closed the business, voluntarily surrendering its state and local licenses.
StateHouse Holdings, formerly known as Harborside, agreed to a payment plan with the IRS to settle a $22 million federal tax bill.
Denver, capital city of Colorado, has removed barriers for cannabis business owners that aren’t yet U.S. residents, and the rest of the state might soon follow.
The moves would pave the way for immigrants and foreigners to participate in the legal marijuana market.
Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
