United States Cannabis Industry & Marijuana Business News

Colorado proposes rules to ban additives in cannabis vape products

Colorado regulators are finalizing rules to ban certain ingredients from marijuana vaping products, following the lead of other states with legal cannabis programs in the wake of a health crisis that has sickened more than a thousand and killed over two dozen people. At a public hearing Tuesday, Colorado’s Marijuana Enforcement Division discussed the proposed rules […]

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Voluntary recall of cannabis products at 144 Colorado dispensaries

Denver-based Bonsai Cultivation voluntarily recalled marijuana plant-material products from across Colorado after Denver health officials detected elevated levels of mold and yeast in the company’s goods. The recall applies to marijuana plant materials, including pre-rolls, distributed to 144 retail stores across the state, according to the Denver Department of Public Health and Environment (DDPHE). In addition to […]

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Acreage affiliate Greenleaf resolves Ohio dispute, can open marijuana dispensaries

Greenleaf Apothecaries – an affiliate of New York-based multistate operator Acreage Holdings – is poised to open three medical cannabis dispensaries in Ohio after resolving its dispute with state regulators. The company, which does business as The Botanist and Harvest of Ohio, was prohibited from opening new dispensaries until its case was resolved. Regulators in […]

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Flowhub cannabis tech platform raises $23 million

Denver-based Flowhub, a marijuana software technology platform, raised $23 million in a Series A funding to bankroll its expansion. The raise was backed by numerous investors, including existing stakeholders Phyto Partners, based in Boca Raton, Florida, and San Francisco-headquartered Poseidon Asset Management. The $23 million of financing closed on this round brings the privately owned […]

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New California laws allow some marijuana firms to deduct expenses on state returns, help normalize MJ as ag commodity

Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators. On Oct. 12, Newsom signed Assembly Bill 37, which will allow California’s cannabis businesses to […]

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Chart: How medical cannabis programs fare in states with recreational markets

The legalization of recreational cannabis can put a big dent in a state’s pre-existing medical marijuana market. Patient counts in Colorado, Massachusetts, Nevada and Oregon – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – have all suffered in the months and years since the launch of […]

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FBI probing potential public corruption in California capital’s marijuana industry

The FBI is investigating suspected corruption involving Sacramento, California, cannabis businesses and public officials. The FBI interviewed marijuana industry officials in California’s capital city over the past few months about potential bribes made in exchange for license approvals and other favorable treatment, The Sacramento Bee reported Monday. The report about the probe comes a day […]

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New California marijuana laws address social equity, labor and vapes

California Gov. Gavin Newsom signed several cannabis-related bills that, among other things, are designed to bolster minority participation in the industry, ensure labor peace and institute a vaporizer cartridge labeling requirement. Here are summaries of the marijuana bills signed into law by the Democratic governor: Senate Bill 595 requires the state to implement a program […]

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California to allow state tax deductions for cannabis businesses

California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom signed a legislator’s proposal into law. Newsom signed into law AB 37, a bill introduced by a fellow Democrat, Assemblyman Reggie Jones-Sawyer The measure will allow such state deductions, starting next year, for cannabis companies that file their […]

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Big banking shows more interest in serving cannabis clients after recent SAFE Act passage by US House

Banks and other financial institutions are gearing up for potential massive involvement with the marijuana industry after last month’s passage of the SAFE Banking Act by the U.S. House of Representatives. While it remains unclear how the measure might fare in the Senate and if President Trump would sign it into law, the bill’s eventual passage […]

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