by Solomon Israel | Oct 17, 2023 | News
As the U.S. Drug Enforcement Administration weighs whether to revise marijuana to a Schedule 3 controlled substance, regulated cannabis producers are looking forward to the prospect of easing their heavy tax burdens under Section 280E of the federal tax code. Moving...
by Kate Robertson | Oct 16, 2023 | News
A Maryland cannabis accessory and clothing company will no longer sell a sticker with a design that’s similar to Old Bay Seasoning’s logo after the retailer received a cease-and-desist letter from the parent, spice giant McCormick & Co. The sticker,...
by Chris Roberts | Oct 16, 2023 | News
Cultivation workers at marijuana multistate operator The Cannabist Co.’s Vineland, New Jersey, grow operation have voted to unionize, union officials said. New York City-headquartered Cannabist, formerly known as Columbia Care, opened the 270,000-square foot...
by Matt Lamers | Oct 16, 2023 | News
Ontario-based MTL Cannabis Corp., which owns several Canadian marijuana companies, has appointed Jason Nalewany as its chief financial officer, replacing Peili Miao. MTL Cannabis, which used to be called Canada House Cannabis Group, is the parent company of: Montreal...
by Solomon Israel | Oct 16, 2023 | News
Tropics LP has acquired most of the assets of Michigan cannabis company Skymint, which entered receivership this year after defaulting on a loan from Tropics. Tropics, which recently put in a $109.4 million stalking horse bid for Skymint, is owned by an affiliate of...
by Chris Casacchia | Oct 16, 2023 | News
A handful of medical cannabis companies in Hawaii are selling and delivering wholesale flower and other marijuana products from one island to another, a first for the state and a rare sales route anywhere in the U.S. Island hopping by plane, helicopter or boat is...
by Chris Roberts | Oct 13, 2023 | News
Will the third time be the charm in Alabama? The state’s medical marijuana regulator on Thursday pledged to issue the first MMJ business licenses by the end of 2023. ADVERTISEMENT That would be some relief to marijuana entrepreneurs, which this summer watched...
by Kate Robertson | Oct 13, 2023 | News
Hemp-derived THC product retailers in Maryland can reopen, at least temporarily, after a circuit court judge issued a preliminary injunction allowing them to resume selling intoxicating THC products. Judge Brett Wilson’s decision on Thursday halted enforcement...
by Solomon Israel | Oct 13, 2023 | News
Multistate marijuana company Trulieve Cannabis Corp. is seeking a federal tax refund of $143 million, saying it “believes it does not owe” the taxes it paid over three years. “This determination is supported by legal interpretations that challenge...
by Chris Roberts | Oct 13, 2023 | News
The refreshing wave of good news from Washington DC that buoyed the U.S. marijuana industry in late summer might have peaked, with fresh hurdles emerging that could make it harder for Congress to pass cannabis banking reform. On the bright side: Multiple Capitol Hill...
by Chris Roberts | Oct 12, 2023 | News
An Alabama judge dismissed a marijuana multistate operator’s lawsuit against the state’s cannabis regulator that had sought to restore a rescinded business license. Verano Alabama, the local affiliate of Chicago-based Verano Holdings, had sued the Alabama...
by Solomon Israel | Oct 12, 2023 | News
Multistate operator Red White & Bloom Brands has moved forward with its bid to buy Aleafia Health, months after a failed attempt to acquire the insolvent Canadian cannabis producer. Toronto-based Red White & Bloom (RWB) said Thursday it “has been...