Missouri establishing cannabis reference testing lab to improve standards
Missouri regulators are launching a reference testing lab in an attempt to improve industry standards and better analyze the contents of cannabis products. The move comes at a time consumer safety concerns are rippling across the U.S. marijuana industry. ADVERTISEMENT...
Kentucky awards 26 medical marijuana business licenses in lottery
Kentucky regulators have awarded 26 medical marijuana licenses for cultivators and processors seeking to operate in the state’s impending industry. The businesses chosen Monday in the Office of Medical Cannabis’ lottery must pay a licensing fee within 15...
Florida lawmakers could add cannabis permits if adult-use ballot initiative passes
If 60% of Florida voters follow Donald Trump’s lead and cast ballots to legalize recreational marijuana in the state on Election Day, cannabis possession will become legal for adults 21 and older in the nation’s largest medical-only market in May 2025. That’s also...
Michigan marijuana company Skymint’s equipment for sale in November auction
A two-day auction is scheduled for next month to sell the remaining equipment assets formerly owned by defunct Michigan marijuana company Skymint. Skymint entered receivership in March 2023 after defaulting on a loan. ADVERTISEMENT Robert Levy Associates and Solid...
Trulieve Cannabis spending in Florida’s adult-use campaign tops $140 million
Public money as well as checks from a major tobacco company are opposing the record-breaking adult-use marijuana legalization campaign in Florida. Trulieve Cannabis Corp. last week donated another $28 million to the recreational marijuana legalization initiative...
Marijuana operator Green Dragon to cease operations by year-end
Colorado-based marijuana operator Green Dragon is calling it quits. The company notified the Colorado Department of Labor and Employment last week that it plans to lay off all 59 employees at the 92,000-square-foot grow facility in Denver it’s shuttering by the...
Funding shortage for LED rebates leaves cannabis lighting vendors on hook
A rebate program aimed at encouraging indoor farmers – those growing cannabis and other crops – to switch to LED lights proved so popular that Minneapolis-based utility company Xcel Energy ran out of money to pay for it. The funding shortfall has left...
Texas hemp businesses say in federal lawsuit they were targets of illegal raid
A group of Texas hemp businesses and a smoke shop operator have filed a federal lawsuit against the city of Allen, law enforcement agencies and officials, claiming they initiated an illegal raid on hemp stores and unlawful arrests. The lawsuit, filed Thursday by the...
CPAs offer 280E guidance to Treasury, IRS ahead of marijuana rescheduling
In a letter to the U.S. Department of Treasury and the IRS, the American Institute of CPAs (AICPA) is trying to provide guidance aimed at cannabis businesses and tax professionals ahead of potential marijuana rescheduling. “Since the beginning of...
Maine testing lab ‘irregularities’ prompt widening adult-use cannabis recall
Maine regulators are expanding a recent recall of adult-use cannabis products possibly tainted with bacteria, yeast and mold. The Maine Office of Cannabis Policy (OCP) is recalling marijuana flower, pre-rolls and blunts produced by Greenville Junction-based Nova Farms...
Value of a marijuana trademark is more than just bag appeal
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) In states with regulated marijuana markets, there exists an unsustainable pattern of similar – and sometimes even identical –...Featured
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