US hemp production grows 40% in 2024, reaching $445 million in value
U.S. hemp production surged in 2024, according to a recent report released by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). The annual value of U.S. industrial hemp production grew to $445 million in 2024, representing a 40%...
California tax agency confirms it will raise cannabis excise rate to 19% on July 1
Despite the concerns of California’s regulated marijuana industry and lawmakers, the state’s tax agency says it will carry through on plans to increase the cannabis excise tax rate from 15% to 19% on July 1. The 26% increase, announced by the California...
Marijuana delivery company Eaze Technologies files bankruptcy
(This story has been updated to distinguish between Eaze Technologies and Eaze as well as clarify some details.) Marijuana delivery company Eaze Technologies filed for Chapter 7 bankruptcy in March after selling and transferring its assets to creditors, according to...
How to manage the challenges of cannabis advertising restrictions
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here. This story was updated May 5 to reflect that the U.S. Supreme Court declined to hear the Cocroft case.) For cannabis business owners, advertising...
Marijuana rescheduling will be among DEA nominee’s ‘priorities’ but …
President Donald Trump’s second nominee to head the U.S. Drug Enforcement Administration told a Senate committee that reviewing the agency’s administrative process to reclassify marijuana will be “one of my first priorities” if he is confirmed. However,...
The great cannabis cultivation debate: hand- or machine-trim?
Choosing whether to trim cannabis by hand or machine is a decision that impacts both the final aesthetic and the perceived quality of marijuana buds as well as a cultivator’s operational efficiency and the bottom line. As the cannabis market matures and consumer...
Oklahoma gov seeks crackdown on intoxicating hemp-derived cannabinoids
Oklahoma’s governor is asking the leaders of five state agencies to work together to crack down on intoxicating hemp-derived cannabinoids in the medical marijuana market. ADVERTISEMENT In an April 28 letter to the agencies, Gov. Kevin Stitt wrote that he wants...
Missouri to research viability of issuing more adult-use marijuana licenses
Three research firms are competing to analyze Missouri’s cannabis market to help the state determine whether it should issue additional adult-use marijuana business licenses. New York-based Cannabis Public Policy Consulting, St. Louis-headquartered Capital Consulting...
Cannabis trade group urges retained Canadian prime minister to change policies
(This story was updated at 10:14 a.m. ET Thursday to reflect that the Liberal Party failed to win the majority.) With Mark Carney retaining his role as Canada’s prime minister, the Cannabis Council of Canada is calling on the Liberal government to implement policy...
How can cannabis consumption lounges turn a profit?
On paper, the idea seems sound: Customers spending time and gobs of money at a welcoming and exciting place to congregate that’s centered around cannabis instead of alcohol. But as illustrated by the recent closure of Las Vegas’ first marijuana consumption lounge...
New Mexico operator loses lawsuit over insurance coverage of medical marijuana
A federal court in New Mexico has dismissed a lawsuit filed by the state’s largest medical marijuana operator seeking to get health insurers in the market to cover MMJ expenses. According to Cannabis Business Times, U.S. District Court Judge Martha Vazquez on...Featured
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