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Small marijuana businesses take advantage of purported 280E loophole
A growing number of marijuana businesses are taking advantage of a tax strategy that might reduce the costly financial burden imposed by Section 280E of the federal tax code.
News August 1
New York adult-use operator reports $12 million in cannabis sales in 6 months
Housing Works Cannabis Co., the first adult-use retailer to open in New York, generated about $12 million in sales in the first six months of operations.
News July 31
Massachusetts marijuana regulatory agency ‘in crisis’ as chief quits
The sudden departure of the Massachusetts Cannabis Control Commission's executive director puts the organization "in crisis," according to the agency's chair.
News July 31
Cannabis MSOs Cresco Labs, Columbia Care terminate planned merger
Cannabis multistate operators Cresco Labs and Columbia Care are officially walking away from their planned merger, a deal that was valued at $2 billion when it was announced in March…
News July 31
Share consolidation sweeps marijuana industry as stock prices flop
In the face of slumping cannabis stock prices, publicly traded Canadian marijuana producers and U.S. ancillary companies are increasingly turning to share consolidations to maintain their listings on the Nasdaq…
News July 31
Rhode Island regulators investigating cannabis retailer’s late payments
Rhode Island regulators are reviewing the finances of the Thomas C. Slater Compassion Center, a medical cannabis dispensary that just launched adult-use sales in December.
News July 28
No timeline on Biden administration marijuana rescheduling, DEA chief says
The Biden administration has yet to provide the U.S. Drug Enforcement Administration a “specific timeline” to complete its review of marijuana’s status under federal law, the agency’s chief told members…
News July 28
Georgia’s 2nd medical cannabis retailer launches sales
The second of two licensed medical cannabis dispensary operators in Georgia opened its doors this week.
News July 28
Opinion: What marijuana real estate lenders look for in potential borrowers
Securing capital to fund marijuana-related properties can be a complex and challenging endeavor - especially given the current state of the industry.
News July 28
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