Louisiana’s 10th medical marijuana dispensary opens
The final medical marijuana operator allowed by law in Louisiana is open for business. Crescent City Therapeutics last week became the 10th medical marijuana pharmacy, as dispensaries are called in Louisiana, to start serving MMJ patients, according to a news release....
Kansas’ medical cannabis proposal would be among nation’s strictest
Seriously ill people in Kansas would be able to access nonsmokable medical cannabis from pharmacies if a bill introduced in the state Senate becomes law. Kansas is one of only 10 states in the United States without either medical or adult-use marijuana legalization....
Marijuana MSO The Cannabist Co. raises $25.75 million
Marijuana multistate operator The Cannabist Co. raised $25.75 million in senior secured convertible debentures. The funds will go toward debt repayment, working capital and general operations, according to a news release. ADVERTISEMENT The New York-headquartered...
Opinion: How to determine the fair market value of your cannabis business
Whether you’re seeking investment, planning to purchase a business or gauging your company’s worth, understanding how to determine fair market value (FMV) is a fundamental aspect of success. When it comes to FMV in the cannabis industry, there are unique challenges...
IRS: Marijuana cash transactions aren’t automatically suspicious
Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance. The tax agency’s guidance is an apparent attempt to clarify the federal Bank Secrecy Act, which requires businesses –...
Florida bill aims to award medical cannabis licenses to 3 Black farmers
Florida lawmakers are again trying to expand the number of medical cannabis licenses reserved for Black farmers in the state – a contentious issue that has been under debate for years. If signed into law by Gov. Rick DeSantis, the newly passed Senate Bill 1582...
Amyris to pay cannabinoid manufacturer Lavvan $15.1 million in settlement
Biotech company Amyris will pay its former business partner, cannabinoid manufacturer Lavvan, $15.1 million as part of a settlement agreement that ends years of litigation. A bankruptcy judge in Delaware approved California-based Amyris’ settlement offer...
Massachusetts marijuana stores sue town over host community fees
Three state-regulated marijuana retailers in western Massachusetts are suing a town government for almost $6 million over “community impact fees” levied as part of their host community agreements. The fees, which are levied on top of local taxes, are meant...
Curaleaf buying Canadian cannabis operator with eye on global markets
Curaleaf Holdings is continuing its international expansion by signing a deal to acquire Northern Green Canada, a licensed cannabis producer focused primarily on meeting demand in the import-export market. The financial terms of the deal were not disclosed....
THCA meets legal definition of hemp, operators say – but not everyone agrees
(This story is part of the cover package in the March-April issue of MJBizMagazine.) Members of Congress already might have legalized marijuana. They just don’t know it – and neither do consumers. ADVERTISEMENT We’re not talking delta-8 THC, hexahydrocannabinol...
New York governor orders exam of cannabis regulator, adult-use licensing
New York’s governor has ordered examiners to assess the state’s cannabis regulator and processes related to adult-use licensing. Gov. Kathy Hochul, who recently called the state’s rollout of its adult-use market a “disaster,” appointed Jeanette Moy, commissioner...Featured
1
Latest Sponsored
