Massachusetts cannabis regulators catch THC potency inflation in recent sting
A promised crackdown on THC potency inflation in Massachusetts’ $1.7 billion cannabis market yielded more than a dozen instances of mislabeled flower products, state regulators said Thursday. Out of 63 cannabis flower products tested by the state Cannabis Control...
Ohio cannabis sales increase, on pace to set new annual record
Ohio cannabis retailers are selling more product than ever, with the state’s $1.1 billion and growing industry on pace to set new records for sales revenue and units sold, according to new state data. Total combined medical and adult-use cannabis sales revenue...
Before interstate commerce, cannabis needs to fix its consistency problem
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Ask anyone who has moved from one legal state to another, and they’ll tell you the same story: A cannabis brand they loved in California was...
Illinois adult-use cannabis retailers can apply for medical permits, with DEA and tax benefits possible
Starting next month, Illinois adult-use cannabis stores can apply to add a permit allowing them to also dispense medical cannabis — and, possibly more importantly, pursue registration with the U.S. Drug Enforcement Administration following federal marijuana...
California county cuts cannabis taxes after short-lived automatic increase
In an echo of last year’s statewide cannabis excise tax controversy, a central California county will cut its cannabis business tax this fall after a short-lived increase. Cannabis cultivators in unincorporated San Luis Obispo County will pay a 6% tax again starting...
The founders who reacquired their beverage brand from a cannabis MSO
This is part of a regular series of MJBizDaily interviews with major THC industry players. To be considered for an interview, contact editorial@mjbizdaily.com. When Eric and Kristin Rogers sold Levia, the Massachusetts-based cannabis beverage brand they founded and...
Michigan lawmaker pushing repeal of ‘deceitful’ new cannabis tax that’s closing stores
Michigan cannabis stores are closing as a direct result of a drastic tax increase imposed on the $3.1 billion market earlier this year that’s also bringing into state coffers a fraction of what was promised. In response, a Republican state lawmaker on July 29...
European acquisition leads to record revenue for Canadian cannabis LP Organigram Global
Organigram Global, one of Canada’s largest cannabis producers, reported record third-quarter revenue Tuesday, gains driven by its acquisition earlier this year of German medical cannabis company Sanity Group and steadier performance across its Canadian business. Net...
How federal marijuana rescheduling rewrites the rules for cannabis business leases
Key points: Federal medical marijuana rescheduling means qualifying operators can deduct rent from federal tax returns. Lease terms may also be renegotiated to reflect lower risk. The situation is more complicated for adult-use cannabis operators. Federal...
Will Congress save hemp THC beverages from the looming federal ban?
A bipartisan proposal introduced in an at-recess Congress on Monday would exempt hemp-derived THC beverages from a looming federal hemp cannabinoid-product ban. Coupled with senators’ vocal support for popular hemp beverages, this latest bill, cosponsored by Texas...
How federal marijuana rescheduling changes the game for cannabis trademarks and IP protections
Key points: Federal marijuana rescheduling creates new opportunities for Schedule 3-compliant medical cannabis operators to protect their intellectual property. Adult-use cannabis operators, still dealing in Schedule 1 drugs under federal law, may seek protections...Featured
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