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The other deadline hemp operators need to remember ahead of the federal ban
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Marijuana smuggling charges to be dropped against ex-Vireo employees
Felony charges will be dropped against two former Vireo Health executives accused of smuggling medical marijuana across state lines after they perform 80 hours of community service and serve a…
News October 24
US Tax Court rules cannabis deductions are not allowed
The U.S. Tax Court again ruled that Section 280E of the Internal Revenue Service tax code is constitutional and cannabis companies aren’t entitled to common business deductions. The ruling centered on…
News October 24
Chicago wants to charge maximum 3% tax on recreational marijuana sales
Chicago Mayor Lori Lightfoot proposed in her 2020 budget that the city impose the maximum local tax of 3% on recreational marijuana sales, a levy that would come on top…
News October 24
Hexo slashes workforce by 200 amid lower marijuana revenue expectations
Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations, said it is cutting about 200 jobs across multiple locations and divisions.…
News October 24
Cannabis giant Trulieve signs $17 million Florida warehouse leaseback deal
Innovative Industrial Properties, a real estate investment trust (REIT) that focuses on buying and leasing warehouses in the marijuana space, paid $17 million to Trulieve Cannabis for a five-building cultivation…
News October 24
New data reveals top medical conditions for which cannabis is reimbursed in Germany
The German government disclosed the six most-reported diagnoses for which medical cannabis has been prescribed and covered by statutory health insurers (GKV), with pain No. 1 followed by a muscle condition known…
News October 24
Green Growth Brands loses $64 million amid marijuana dispensary delays
Ohio-based CBD and cannabis company Green Growth Brands recorded a loss of more than $64 million for its fiscal year as it faced higher-than-expected capital expenditures and delays in building out…
News October 24
Antitrust cloud lifting on cannabis M&A deals, but will some be renegotiated – or even abandoned?
The antitrust cloud hanging over several large mergers and acquisitions in the U.S. marijuana industry appears to be lifting, but its effects continue to linger and could remain a factor…
News October 24
Hexo raises capital but doesn’t learn its lesson
You would think the sting of a 30% stock price drop after Hexo Corp.'s preannouncement of a huge miss for fiscal fourth-quarter revenue and withdrawal of 2020 revenue guidance would…
News October 23
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