Cannabis MSO Ascend Wellness expecting 280E tax refunds

Multistate cannabis operator Ascend Wellness Holdings says it has filed amended federal tax returns for several years and expects to receive refunds, becoming the latest U.S. marijuana company to seek the return of tariffs paid under Section 280E of the Internal Revenue Code.

Close-up view of U.S. tax return

More than half of US hemp flower grown in California

California led the nation in hemp flower acreage and production in 2022, according to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture. Alameda County, California, led all U.S. counties.

Image of a cannabis plant silhouette with a backdrop of a setting sun

Amsterdam denied inclusion in Dutch cannabis experiment

The lower house of Parliament in the Netherlands rejected the addition of Amsterdam to the country’s cannabis cultivation and distribution experiment, meaning the number of cities set to take part when the pilot fully launches this summer will remain at 10.

Image of houses overlooking the Amstel river in Amsterdam, Netherlands