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Study looks to untangle ‘fundamentally confusing’ cannabis financial statements
A first-of-its-kind study focusing on the marijuana industry raises questions about financial reporting and accounting practices in the marijuana industry.
News February 9
Week in Review: Oregon’s cannabis oversupply, marijuana job growth & hemp lawsuit
Oregon’s top prosecutor says the state’s marijuana industry has an oversupply problem, cannabis job postings are soaring, and a lawsuit targets a Vermont hemp producer. Here’s a closer look at…
News February 9
Washington state marijuana traceability glitches stem from MJ Freeway hack
A hack of MJ Freeway’s seed-to-sale tracking system led to Washington state’s recent problems with its marijuana traceability program, regulators told licensed marijuana businesses on Thursday. Peter Antolin, deputy director of the Washington…
News February 9
Federal medical cannabis protection extended again
The only federal law formally preventing the U.S. Department of Justice from prosecuting medical marijuana businesses has once more been given a new lease on life. This time, the Rohrabacher-Blumenauer…
News February 9
First marijuana retailer in Tacoma, Washington, shuttered for not paying taxes
A nearly 4-year-old cannabis retail operation in Tacoma has been closed down because it had an unpaid state tax bill of $1.4 million. The Washington state Liquor and Cannabis Board revoked the…
News February 9
Big US tobacco company buys stakes in Canadian cannabis growers, American hemp firm
A publicly traded U.S. tobacco company has bought controlling stakes in two Canadian marijuana producers and invested in a North Carolina hemp grower, making what is believed to be the…
News February 8
Oregon audit: Cannabis tracking system vulnerable to compromise
An audit of Oregon’s top marijuana regulatory agency found that the state’s marijuana tracking system lacked proper safeguards, making it easier for cannabis businesses to hide violations such as illegal…
News February 8
Cannabis data firm New Frontier buys Hemp Business Journal
New Frontier Data, a market-analysis firm that caters to the marijuana industry, is expanding its focus to hemp with the purchase of Hemp Business Journal. Terms of the deal weren’t…
News February 8
Hiccups with traceability system rollout costing Washington state cannabis producers thousands
Problems with the rollout of Washington state’s new marijuana traceability system have cost producers tens of thousands of dollars in lost sales and contributed to dwindling cannabis inventories among retailers.…
News February 8
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