California lawmakers fail to include cannabis tax relief in budget bill
Faint hopes for California cannabis industry excise tax relief evaporated Wednesday when lawmakers failed to squeeze a freeze on the levy into a state budget bill.
Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations
Ayr Wellness’s struggles with debt and losses are known, but Connecticut is also proving a tough market for all cannabis operators.
Cannabis companies still standing after reset are ‘well positioned to thrive’
The correction the cannabis industry has experienced over the past five years has reset expectations and valuations to rational levels.
Aurora Cannabis denies reports it acquired another operator
Canadian operator Aurora Cannabis denied reports that it had agreed to acquire New Zealand-based MedLeaf Therapeutics.
Cannabis company 4Front Ventures files for bankruptcy in Canada
Phoenix-based cannabis operator 4Front Ventures Corp. has initiated bankruptcy proceedings in Canada under that country’s Bankruptcy and Insolvency Act.
Minnesota adult-use marijuana sales haven’t begun, but taxes already raised
It’s still uncertain when adult-use marijuana sales will begin in Minnesota, but when they do, customers will pay some of the highest cannabis taxes in the United States.
Cannabis companies ineligible for ERC tax refunds, federal court rules
A U.S. district court has ruled that state-regulated cannabis companies are not eligible for tax refunds under the Employee Retention Credit (ERC) program that helped businesses continue to pay workers when companies were shut down during the COVID-19 pandemic.
