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Image of a piggy bank, bearing a marijuana leaf, sitting atop a calculator showing the word TAX

More states reduce 280E tax burden on cannabis industry

The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states - 20 so far - have approved laws that exempt, or “decouple,” businesses…

News June 21
Image of an Herbl delivery van sitting alongside the Pacific Ocean

Big California marijuana distributor Herbl collapses, brands left unpaid, sources say

Herbl, a major licensed California marijuana distribution company, is in receivership after falling behind on a key loan, a source close to the situation confirmed to MJBizDaily on Tuesday.

News June 20
Image of the Montgomery, Alabama, skyline

Alabama halts medical cannabis licensing process over scoring concerns

The Alabama Medical Cannabis Commission s delaying handing out its initial round of medical marijuana cultivation and retail licenses as it reviews the consistency of its evaluation process.

News June 20
Image of Providence, Rhode Island

New Rhode Island law allows marijuana retail advertisements

Rhode Island is now allowing some advertisements by retail licensees who sell both medical and recreational marijuana.

News June 20
Image of bills growing out of a flower pot

Cannabis MSO Ascend Wellness raising $7 million in private placement

Ascend Wellness is planning to raise $7 million in a private placement offering, the New York-based marijuana multistate operator announced Friday.

News June 20
Map showing the number of marijuana multistate operators per state.

Marijuana MSO footprints mapped out in new feature

MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.

News June 20
Image depicting a board room meeting

Cannabis MSO Acreage streamlines board ahead of Canopy acquisition

New York-based cannabis multistate operator Acreage Holdings streamlined its board of directors to prepare for the company's acquisition by Canopy USA, the American arm of Canadian producer Canopy Growth Corp.

News June 16
Image of a red shelter on a pier at Seneca Lake in New York's Finger Lakes region

New York awards adult-use marijuana licenses to Finger Lakes retailers

New York regulators granted the first adult-use marijuana retail licenses in the state’s Finger Lakes region.

News June 16
Interior image of a Fire & Flower cannabis store.

Cannabis retail chain Fire & Flower to be cut from Toronto Stock Exchange

Financially distressed Canadian cannabis retail company Fire & Flower Holdings is being delisted from the Toronto Stock Exchange after filing for creditor protection earlier this month.

News June 16
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