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Texas rejected a hemp THC ban. Why is the industry being regulated out of business?
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IRS debuts initiative to help cannabis companies pay taxes properly
The IRS launched a program aimed at helping businesses in state-legal cannabis markets pay their federal taxes properly under 280E, the onerous section of the U.S. tax code that disallows…
News September 28
Marijuana REIT purchases New York property in deal that will total $56.3M
Innovative Industrial Properties (IIP) is extending its real estate relationship with multistate marijuana company Goodness Growth Holdings after purchasing more than 92 acres in New York next to one of…
News September 28
Minority Cannabis Business Association launches in Maryland
In anticipation of the Maryland Legislature legalizing adult-use cannabis in the near future, two ex-politicians turned lobbyists formed a new trade organization dedicated to ensuring that people of color get…
News September 28
Marijuana Company of America borrowing $10 million to expand
Los Angeles-based cannabis holding company Marijuana Company of America (MCOA) raised $10 million via an equity line of credit agreement with White Lion Capital.
News September 28
Average retail space in cannabis stores climbs sharply
The average size of retail space in cannabis stores jumped in 2020 amid increased consumer demand and the COVID-19 pandemic, rising 50% for medical dispensaries and 35% for recreational shops.…
News September 28
Getting company culture right key to success in marijuana industry
Does your cannabis company have a documented mission statement? How about a strategic plan? How often do you discuss company culture at the executive and board level?
News September 28
Aurora Cannabis’ annual loss shrinks to CA$695 million in 2021
Aurora Cannabis lost 695 million Canadian dollars ($550 million) in its fiscal year ended June 30, 2021, according to its year-end financial statements, an improvement over the CA$3.3 billion net…
News September 27
Massachusetts regulator criticizes local ‘impact fees’ for cannabis firms
The practice of Massachusetts municipalities levying "impact fees" on cannabis companies that operate within their jurisdictions is drawing increasing criticism, including from a top state marijuana regulator.
News September 27
Mississippi lawmakers request special session to legalize medical marijuana
Mississippi’s legislative leaders asked Gov. Tate Reeves to call a special session to consider a medical marijuana measure and tackle other legislative issues.
News September 27
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