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California offers marijuana firms tax-related help to cope with COVID-19 fallout

California’s struggling cannabis industry, beset with high compliance costs and taxation, is in line to benefit from new state guidelines enacted to help businesses survive the global coronavirus pandemic. The assistance – a mix of extensions, relief and deferrals – is a lifeline that can allow many marijuana companies to maintain operations and meet payroll, […]

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New report analyzes US wholesale cannabis prices across the nation

In the video clip below, Bart Schaneman, cultivation and extraction reporter for Marijuana Business Daily, summarizes pre-coronavirus pandemic wholesale prices for the U.S. recreational and medical cannabis markets. To provide a more in-depth look at how wholesale prices vary from state to state – including price comparisons and supply-and-demand analysis – Schaneman compiled his reporting into a […]

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Marijuana lobbyists focus on next big coronavirus-aid package after doling out $5 million-plus in 2019

The marijuana industry spent more than $5 million lobbying federal lawmakers on Capitol Hill in 2019 in hopes of pushing cannabis banking and other reforms past the finish line, but those efforts suddenly have been upended by the COVID-19 outbreak. Lobbyists and industry officials now are trying to persuade Congress to allow state-legal marijuana businesses […]

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Physical-distancing guide for marijuana businesses

As a result of the recommendations of various state and federal agencies, cannabis operators across the United States are taking proactive measures to assure patients, customers, regulators and other constituents that they are taking appropriate steps to ensure, preserve and promote public health.

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Chart: Cannabis CEOs reap benefits beyond salary

When it comes to CEO compensation, base salary is often only a fraction of the story – and this is as true in the cannabis sector as it is in other industries. Total compensation packages for cannabis executives often include a variety of other elements, from stock options to car allowances (part of former Canopy […]

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California cannabis distributors sharing info on firms that pay their bills, those that don’t

A small group of licensed California marijuana distributors is trying to solve the ripple effects of unpaid bills by pooling information detailing which companies are reliable or unreliable at paying their tabs. The move comes as the coronavirus is inflicting widespread financial pain on cannabis companies, which, unlike other mainstream industries, have been largely excluded […]

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Week in Review: Canopy Growth closes cannabis grows, COVID-19 reshaping MJ business models, MA rec shops take a hit & more

Canopy Growth’s new CEO said the once high-flying marijuana giant is shuttering additional cannabis cultivation facilities in Africa, Canada, Colombia and the United States. MJBizDaily takeaway: The Canadian company’s retrenchment offers lessons for other cannabis operators with overseas aspirations: There are few federally regulated markets outside Canada that are fully functional today. Most markets, including […]

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How lack of tourism during COVID-19 is affecting cannabis retailers in certain markets

Marijuana retail businesses in markets that depend on travelers and tourism for at least a portion of their sales are being forced to pivot in response to the coronavirus pandemic in part by appealing more to local customers. Stay-at-home orders in U.S. states have pushed marijuana company executives to rethink business strategies that appeal to tourists, […]

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What cannabis companies need to know about the CARES Act paycheck protection program

Many small business, including marijuana companies, have rushed to apply for paycheck protection during the COVID-19 crisis under the federal Coronavirus Aid, Relief and Economic Security Act (CARES Act). The first-come, first-served program totals about $350 million. It provides what amounts to a free loan to small businesses to help them weather the pandemic and […]

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