Connecticut Medical Marijuana News
Cannabis companies from Northern California to South Florida will continue confronting operational challenges this week, as severe weather taxes power grids while parts of the Northeast struggle to recover from historic flooding.
Green Thumb Industries CEO Ben Kovler opens up on why he believes his marijuana company is one of the few multistate operators in the black.
The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.
MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.
Combined sales of recreational and medical marijuana in Connecticut totaled nearly $22.8 million in May, surpassing the previous monthly record of $22.1 million set in March.
Connecticut is repealing a program that provided a tax credit to marijuana industry angel investors while changing its tax rules to permit cannabis business expense deductions from state taxes.
Vertically integrated California cannabis operator Lowell Farms sold its Monterey County processing plant for $19.4 million to New Wilston Associates and entered a leaseback agreement with the company.
