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California Gov. Gavin Newsom’s proposal to eliminate the state cultivation tax on marijuana is a welcome move, according to industry officials.
But they argue the governor’s plan fails to go far enough to help an industry beset by high taxes, burdensome regulations and a robust illicit market.
Bright Green Corp. on Tuesday became the first U.S plant-touching company to trade on a major exchange in the United States – in this case, the Nasdaq.
Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.
Vermont regulators issued the first license to grow recreational cannabis for the state’s impending adult-use market.
Illinois, once lauded for creating a potential social equity blueprint for the marijuana industry, continues to struggle to get its program off the ground.
The Flandreau Santee Sioux Tribe is building two new cultivation facilities to support its medical cannabis dispensary in South Dakota, citing high demand.
California’s governor wants to eliminate a tax on marijuana cultivation, but not without raising taxes elsewhere on the state’s struggling cannabis industry.
