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WV gov vetoes cannabis bill that would tax vertically integrated firms at lower rate
West Virginia Gov. Jim Justice vetoed a medical marijuana bill because he said it “favors wholly vertically integrated businesses” by taxing them at a lower rate than stand-alone cultivators, processors…
News March 28
Cannabis banking bill advances in committee; full US House vote expected within weeks
A key U.S. House committee voted resoundingly Thursday to provide federal protection for financial institutions that serve state-authorized marijuana and ancillary businesses, a landmark development for cannabis banking legislation. The…
News March 28
Canadian marijuana market to hit CA$11 billion, pivot from combustibles, study shows
Canada’s direct cannabis market will double to 11 billion Canadian dollars ($8.2 billion) in the next six years, and flower market share will halve as consumption shifts toward noncombustible methods,…
News March 28
Weekly Deal Watch: Private cannabis companies target RTOs for public stock listings
Merger and acquisition activity in the cannabis industry through the first three weeks of March is far outpacing that of the same period last year.
News March 28
L.A. mayor considers crackdown on unlicensed marijuana shops
Los Angeles is contemplating a major clampdown on illegal cannabis shops that have bedeviled the licensed industry’s bottom line. Mayor Eric Garcetti said Wednesday he is considering adding “tens of…
News March 27
Iowa legislators may lift 3% THC potency cap for medical cannabis
Iowa lawmakers have advanced a bill that, if successful, would lift the 3% THC potency cap for medical marijuana products. The potency cap has resulted in confusion for both the…
News March 27
Another California marijuana testing lab accused of falsifying results
Another California cannabis testing lab has been accused by a former employee of misrepresenting marijuana potency numbers. The allegation emerged because of a legal dispute between Oregon-based Green Leaf Lab,…
News March 27
Guam’s Senate approves legal foundation for adult-use cannabis industry
The Western Pacific island of Guam is set to become the second American territory to create a recreational marijuana industry, pending only the approval of Gov. Lou Leon Guerrero.
News March 27
Most marijuana canopy space ‘underutilized’ in Washington state, report says
Washington state’s recreational cannabis cultivators are using less than half their allotted licensed canopy, according to a report conducted by the state’s Liquor and Cannabis Board (LCB), which could open…
News March 27
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