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Momentum building in banking industry for support of federal marijuana reform
Banking trade groups are stepping up their support for proposed legislation and seeking better clarity from the federal government about how financial institutions might serve cannabis-related businesses in states where…
News June 18
Registered but unlicensed cannabis grow raided in Northern California
A commercial cannabis grow in California that had been legally registered and apparently attempted to obtain legal permits was recently raided by local law enforcement agents after a county ban…
News June 18
US Tax Court nixes non-marijuana deductions by medical MJ company
A U.S. Tax Court judge asserted in a recently released decision that the owner of a Colorado medical marijuana business wasn’t entitled to take business deductions for her expenses in…
News June 18
Chart: Handful of growers hold hundreds of cultivation licenses in California’s legal marijuana market
Commercial-scale cultivation operations are beginning to emerge in California's newly legal marijuana industry, despite regulations meant to curtail their presence, with 20% of cultivation licenses held by just 12 licensees.
News June 18
Cannabis foes crow about MJ banking measure stalling in congressional committee
A pro-cannabis industry banking amendment stalled this week in a House of Representatives committee, and marijuana opponents quickly crowed that “Big Pot” had suffered a defeat. But the development illustrates the political…
News June 15
Growers prevail as Oregon counties seek restrictions on marijuana cultivation
The Oregon Court of Appeals rejected an appeal by county commissioners in southern Oregon, a prime marijuana-growing part of the state, to reinstate restrictions on commercial cannabis production. The appeals…
News June 15
Canadian cannabis companies ink CA$880 million in funding deals in 14 days
As Canada’s politicians duke it out over the final version of the cannabis legalization bill, licensed producers have announced a windfall of financing to build out domestic capacity and tap…
News June 15
Week in Review: Colorado’s flat marijuana sales, Nevada’s new MJ opportunities & Alaska’s cannabis tax ideas
Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska…
News June 15
Likelihood fades that MA retail cannabis shops can open by July 1 target
The prospects that retail marijuana shops will open in Massachusetts by July 1 appeared to be dimming on Thursday. The current law allows retail sales of recreational marijuana to begin on or…
News June 14
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