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CO Banks Won’t Finance Marijuana Properties
Colorado banks are maintaining their hard line against working with marijuana businesses; and that means no loans for business owners or their landlords. The state’s two largest banks, Wells Fargo…
News February 21Oregon Bill Prohibits Local Moratoriums
Oregon lawmakers want to ban medical marijuana bans. On Tuesday, Oregon’s Senate approved a bill that prohibits local communities from enacting moratoriums on marijuana businesses. The measure, House Bill 1531,…
News February 21$900M+ in CO Marijuana Sales Expected
Colorado expects recreational and medical marijuana sales to reach at least $900 million during the state’s next fiscal year, according to an extrapolation of tax revenue estimates. The figure is…
News February 20WA Predicts $190M in Rec Taxes Over Four Years
A new study on Washington State’s recreational marijuana industry shows a bright future for state coffers. The Economic and Revenue Forecast Council predicts that the recreational marijuana industry will generate…
News February 20Cultivation Licenses, Production Amounts Slashed for Rec Market
Washington State will cut the number of recreational marijuana cultivation licenses it plans to issue and reduce the amount of cannabis each producer can grow, a move sure to rankle…
News February 19
After banking memos, more questions than answers
By Fred Dreier The banking guidance issued Friday by the federal government has left the cannabis industry with more questions than answers. Many in the industry hoped the memos, which…
News February 19Drug Policy Alliance Delays CA Legalization Push
California might have to wait until 2016 to vote on legalizing marijuana. The Drug Policy Alliance (DPA) and other backers of California’s Control, Regulate and Tax Marijuana Act have pulled…
News February 194th Dispensary to Open in Vermont
The final dispensary allowed under Vermont’s medical marijuana law is about to open. Southern Vermont Wellness will begin serving patients this week in the town of Brattleboro, joining the state’s…
News February 18Sacramento Dispensary Challenging IRS
Sacramento’s Canna Care dispensary is battling the Internal Revenue Service over the agency’s controversial 280E tax code, which has become a major thorn in the side of cannabis businesses. According…
News February 18
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