Lack of federal Farm Bill leaves states to deal with hemp-derived THC chaos
(This story has been updated to reflect new information about the Alabama market.) Hemp-derived THC remains both a billion-dollar opportunity ideal for small businesses and a guarantee of serious trouble for state governments in 2025. As drastically different...
California governor won’t stop July increase in marijuana excise tax
(This story was updated at 5:38 p.m. ET with industry comment.) There’s some good news for California’s $4.6 billion marijuana industry in Gov. Gavin Newsom’s updated budget proposal released Wednesday. However, while some might applaud the proposals for tougher...
District of Columbia cannabis dispensary founder pleads guilty to tax evasion
The founder of a medical cannabis dispensary in Washington, D.C., pleaded guilty to charges of failing to pay more than $1.2 million in federal income and employment taxes for five years. Former Herbal Alternatives II owner Jennifer Brunenkant, 68, admitted to not...
5 things to know before starting your career in the marijuana industry
The cannabis industry continues its evolution from underground market to legitimate business sector, creating unprecedented professional opportunities across multiple disciplines. For professionals considering a transition into the marijuana space, understanding the...
Pennsylvania Senate rejects adult-use cannabis bill with state-run retail
As expected, the Pennsylvania state Senate rejected an adult-use cannabis legalization bill that limited marijuana sales to state-run retail outlets. Tuesday’s rejection of House Bill 1200 by the Republican-controlled Senate Law & Justice Committee raised doubts...
MSO TerrAscend acquires marijuana stores in Ohio, New Jersey
TerrAscend Corp. has closed on its acquisition of Ohio retailer Ratio Cannabis for $10.3 million, marking the marijuana multistate operator ’s entry into its sixth state. The previously announced acquisition increases TerrAscend’s retail footprint to 39 states in six...
What cannabis pioneer Christine Apple learned while building her edibles business
When Grön founder Christine Apple got into the cannabis industry, it wasn’t a calculated move. She was motivated by a desire for creative expression. Apple, who was practicing architecture in Portland, Oregon, at the time, initially envisioned entering the industry...
Wisconsin lawmakers shoot down governor’s marijuana legalization effort
The Republican-controlled Wisconsin Legislature voted to remove medical and adult-use marijuana legalization from Democratic Gov. Tony Evers’ budget proposal. Marijuana legalization was among more than 600 of Evers’ budget proposals killed by the Republican-controlled...
New York quarantines $10 million worth of select cannabis products
New York regulators have suspended the sale of several popular cannabis brands in the state pending an investigation into possible illegal “inversion.” The state Office of Cannabis Management (OCM) on April 23 quarantined about $10 million worth of...
Arizona marijuana regulators flag major testing lab for multiple violations
A prominent national marijuana testing lab is in hot water with state regulators in Arizona who have found fault with the lab’s ability to detect contaminants and flag hemp-derived THC, public records show. Following annual inspections in March, the Arizona Department...
Cannabis operator Canopy Growth hit with class action lawsuit
Investors in cannabis operator Canopy Growth Corp. have sued the company to recover alleged damages after a poor quarterly earnings report. The class action lawsuit – filed in April by shareholders who purchased Canopy stocks between May 30, 2024, and Feb. 6,...Featured
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