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California doesn’t plan to raise marijuana excise tax in July
Although the California cannabis industry probably won’t see any state-level tax relief anytime soon, at least the excise tax won’t go up in July. The state Department of Tax and…
News June 14Week in Review: MJBizConNEXT in New Orleans, OR preps for future interstate MJ potentials, NV cannabis board & more
The cannabis industry descends on New Orleans to explore emerging trends at MJBizConNEXT, Oregon lawmakers pass a bill that would empower it to make agreements with other states for the transfer…
News June 14Affiliate of Canadian firm Hexo wins Greek cannabis license
An affiliate of Quebec-based cannabis producer Hexo has received a license allowing it to establish cultivation, processing and manufacturing facilities in Greece, the company announced Thursday. Greece aims to compete…
News June 13Names of Utah medical cannabis grower applicants not public until mid-July
A July 1 medical marijuana license application deadline is looming in Utah, but the names of the businesses that might grow cannabis are still under wraps. Here is what you…
News June 13California Marijuana Notebook: Dispatches from an Emerald Triangle retreat indicate the industry’s turbulence
Volatile. Transitional. Coasting. Fragmented. Dumpster fire. Passionate. Those were the answers from half a dozen speakers last weekend at Meadowlands, a retreat in Mendocino County for cannabis industry insiders sponsored…
News June 13Nevada creates marijuana board & bans social use licensing for two years
Nevada Gov. Steve Sisolak signed Assembly Bill 533 into law, which creates a Cannabis Compliance Board and also prohibits local governments in the state from licensing marijuana social consumption businesses. The social…
News June 13Billionaire-backed Chinese firm plans Asia’s first e-commerce CBD platform
A company backed by United Kingdom billionaire Jim Mellon and Nuuvera co-founder Lorne Abony plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products.
News June 13US House committee approves spending bill with cannabis banking protections
A key U.S. House panel approved a spending bill including a provision that would protect banks serving lawful marijuana businesses from punishment by federal financial regulators. The House Appropriations Committee…
News June 13Weekly Deal Watch: Public companies target private firms for cannabis M&A
Public companies led the charge in acquisitions this week, targeting private firms for growth in geography and product lines in more than two-thirds of the deals closed.
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