Value of a cannabis license varies with type, market age
A cannabis business license in one jurisdiction can be a golden ticket to substantial profits. In another, it’s just a piece of paper.
New York won’t process 2023 adult-use marijuana applications until 2025
New York regulators won’t finish reviewing applications for adult-use marijuana business licenses submitted late last year until 2025.
Legal hemp operators claim they’re victims in New York marijuana crackdown
New York law enforcement and marijuana regulators are raiding and closing licensed hemp shops under the guise of a statewide crackdown on illicit marijuana sales, according to claims made in court and interviews with MJBizDaily.
New York sets deadline for marijuana cultivation-sustainability plans
Marijuana cultivators in New York have until Aug. 31, 2025, to submit sustainability plans to regulators as part of an initiative to lessen the environmental impact of the state’s bourgeoning cannabis industry.
Approved and pending marijuana licenses rise in US for first time in 2 years
The number of pending and approved marijuana business licenses in the United States increased 21% during the second quarter of 2024.
Court ruling threatens New York’s illicit cannabis crackdown
A recent court ruling is jeopardizing New York’s crackdown on illicit cannabis sellers that Gov. Kathy Hochul and other officials have credited with rescuing the state’s struggling legal marijuana market.
Marijuana MSOs set up high-risk fight with IRS over 280E of tax code
Tens of millions of dollars in tax savings and a quick increase in available cash are some of the immediate short-term benefits for the five major marijuana multistate operators that have declared their freedom from Section 280E of the Internal Revenue Code.
