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Why cannabis banking reform alone won’t solve payment processing woes
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Oregon to withhold cannabis retail licenses for unpaid taxes
Oregon Governor Tina Kotek on Tuesday announced that cannabis retailers must pay state taxes or regulators won’t issue or renew their licenses.
News May 18
Canada’s tax agency getting more aggressive with cannabis excise debts
The Canadian federal government's revenue service is ramping up pressure on cannabis producers with outstanding excise debt, MJBizDaily has learned, adding more pressure on companies that already are struggling financially.
News May 18
Cannabis union workers at PharmaCann get 20% raise
Unionized workers at five Chicago-area PharmaCann adult-use cannabis dispensaries have received a 20% wage hike over three years, the latest pay raise secured by organized labor in the marijuana industry.
News May 17
Oklahoma extends moratorium on medical marijuana licenses
A bill that extends the moratorium on any new medical cannabis business licenses in Oklahoma to August 1, 2026, was signed into law by Republican Gov. Kevin Stitt.
News May 17
Canadian cannabinoid firm MediPharm slashing 30% of workforce
Barrie, Ontario-based cannabinoid company MediPharm Labs said it is cutting its workforce by approximately 30% after the company reported negative first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA)…
News May 17
New Mexico adds insomnia as medical marijuana qualifying condition
New Mexico's regulated medical marijuana program will permit insomnia as a qualifying condition effective June 1, a move that could potentially expand the state's MMJ market.
News May 17
Cannabis rebrands aim to differentiate retail, not alienate shoppers
A push toward familiarity and comfort is in - while the reincarnation of the Apple Store for cannabis appears to be on the way out. If one element can summarize…
News May 17
Canada gov’t pulled in CA$1.5 billion in marijuana tax, profit in 2021-22
Various levels of the Canadian government collected more than 1.5 billion Canadian dollars ($1.12 billion) in cannabis profit and tax revenue in fiscal 2021-22, according to recently released data by…
News May 16
New California cannabis coalition aims to tackle credit crisis
A group of California cannabis companies have formed a new coalition to raise awareness and provide solutions to mitigate a credit crisis that has threatened to upend the local marijuana…
News May 16
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