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California bill would kill marijuana cultivation tax, keep excise tax at 15%
A California state budget trailer bill unveiled this week finalized language regarding cannabis tax issues that have been hotly debated for months, and it appears the industry might have scored…
News June 27
12 bid for Black farmer medical cannabis license in lucrative Florida market
Florida regulators received a dozen applications and some confusion over a lucrative vertically integrated medical cannabis license reserved for a Black farmer.
News June 27
Boston-area lawyer indicted for marijuana-related bribery attempt
A Boston-area attorney has been indicted for allegedly trying to bribe a municipal police chief in a "pay-to-play scheme" that could have won a local marijuana business permit for a…
News June 27
iAnthus closes cannabis recapitalization deal with $25 million more of financing
Cannabis multistate operator iAnthus Capital Holdings closed a previously announced restructuring and recapitalization deal, then disclosed $25 million in new financing via senior secured notes.
News June 27
Denver marijuana retail chain shuttered over back taxes before planned closure
A chain of Denver marijuana stores that initially said it would be shutting down because of economic conditions was closed early by the city for alleged nonpayment of taxes.
News June 27
Canadian cannabis producer Flowr cuts 40% of staff, sells assets to save cash
Canadian cannabis producer The Flowr Corp. eliminated 40% of its workforce and sold a large parcel of land in a bid to save cash.
News June 27
Key marijuana tax reforms absent in California budget blueprint
California lawmakers approved a preliminary $300 billion state budget this month, but they left several marijuana business issues unresolved - the latest sign of the industry’s lack of influence at…
News June 27
Colorado cannabis company lays off workers, closes cultivation facility
One of Colorado's largest cannabis brands laid off 33 employees - almost a quarter of its staff - and shuttered one of three cultivation sites.
News June 24
Employees at California marijuana distributor ratify Teamsters contract
Workers at Oakland, California-based marijuana distributor Nabis ratified their first union contract, the Teamsters Local 630 announced.
News June 24
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