By Eli McVey Nevada’s recreational marijuana industry is off to a blistering start, with early sales far surpassing the totals other adult-use markets posted their first few weeks. The development highlights how different approaches to the rollout of recreational marijuana – as well as unique market dynamics – can greatly influence early sales.Read More
By Omar Sacirbey, Bart Schaneman and John Schroyer Potential medical marijuana patients in New York are turning to the black market, Maryland awards eight more MMJ business licenses, and a new Michigan law could increase cannabis cultivators’ production. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Kristen Nichols
Dozens of states are slowly experimenting with industrial hemp cultivation and processing, authorizing limited tests through land-grant universities. Not North Carolina.
North Carolina has gone all in on hemp, which state officials see as a natural fit for an economy once dominated by tobacco farming and textile manufacturing.Read More
By Matt Lamers Edible marijuana products in Canada will be brought into the mix within a year after the country officially launches its recreational industry next summer, giving cannabis businesses an opportunity to enter a new market totaling perhaps 15 million people.Read More
By John Schroyer
The 280E section of the federal tax code has been the bane of law-abiding cannabis businesses for years because it typically results in plant-touching companies paying enormous tax bills to the IRS.
But that could change, perhaps even this year, if Congress were to pass the Small Business Tax Equity Act.Read More
By Matt Lamers
Alberta’s proposed framework to regulate marijuana leaves open the possibility private companies could sell adult-use products, a move that would be a boon for businesses wanting to participate in the province’s retail sector.
The provincial government also signaled it is open to marijuana cafes and lounges, which would provide more opportunities for entrepreneurs.Read More
By Bart Schaneman Out-of-state medical cannabis companies are jumping into the nascent Ohio market because the state lacks a residency requirement for business owners. While a majority of the applicants are listed as Ohio-based companies, at least a dozen either have an out-of-state business address or are connected to companies based elsewhere.Read More
By Bart Schaneman
Pennsylvania’s developing medical marijuana market appears to be progressing on schedule.
Industry watchers expect seeds to be in the ground ahead of the Dec. 20 deadline, six months after 12 grower/processor licenses and 27 dispensary permits were issued. But a pair of legal issues could gum up the works.Read More
By Eli McVey Medical cannabis sales in Hawaii officially began in August following several months of delays and setbacks. While initial data suggests the state’s program is comparable to others on the mainland, a closer look reveals just how unique the market really is.Read More
By Kristen Nichols
New Mexico has joined a growing number of states in allowing hemp production, but the new law is vague about when hemp production may begin and how the program will work.Read More
By Kristen Nichols, Bart Schaneman and John Schroyer Actress Jessica Alba files a trademark infringement lawsuit against a CBD supplements company, Vermont awards its fifth medical marijuana business license, and DEA chief Chuck Rosenberg is leaving his post. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More