New Mexico marijuana store accused of illegal sales, extraction
New Mexico regulators filed an injunction to pause operations at an Albuquerque marijuana store after the retailer allegedly violated the state’s adult-use laws.
New Mexico yanks cannabis retailer’s license for selling California product
New Mexico regulators revoked an Albuquerque adult-use cannabis retailer’s license for unlawfully selling products produced in California.
FTC, FDA ding delta-8 THC brands over ‘deceptive’ child-friendly packaging
The U.S. Federal Trade Commission and the Food and Drug Administration sent cease-and-desist letters to six companies that market delta-8 THC products “in packaging that is almost identical to many snacks and candy children eat.”
More states reduce 280E tax burden on cannabis industry
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.
Marijuana cultivator Bright Green secures $3.5 million private placement
An institutional investor has agreed to buy more than 3 million shares in Florida-based marijuana cultivation company Bright Green Corp.
New Mexico adds insomnia as medical marijuana qualifying condition
New Mexico’s regulated medical marijuana program will permit insomnia as a qualifying condition effective June 1, a move that could potentially expand the state’s MMJ market.
US cannabis industry’s $100 billion economic impact varies by state
Medical and recreational cannabis markets continue to have a growing impact on the broader U.S. economy, but the state-level impact differs based on each market’s size, maturity and type.
