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California distributors warn ‘double taxation’ by cities could further strain legal marijuana industry

California cannabis distributors are warning about what they call a “double-taxation” situation in San Diego that’s raising costs for businesses. If the practice is adopted by other cities and counties, distributors note, it could contribute to further market instability in the state overall by squeezing profit margins and raising product costs for consumers. San Diego […]

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Helping banks play SAFE while serving the cannabis industry: Q&A with Congressman Ed Perlmutter

U.S. Rep. Ed Perlmutter, a Colorado Democrat, introduced legislation six years ago to provide federal protection to financial institutions that serve state-legal marijuana businesses. No one in Congress would give him the time of day. “Every time you brought marijuana up, there would be a chuckle,” Perlmutter recalled. “‘Oh, you’re from Colorado. Rocky Mountain High’ […]

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Federal marijuana reform may be entering new era, even if high hurdles remain

U.S. cannabis reform efforts have seen movement recently with a House committee’s endorsement of a banking bill and Attorney General William Barr’s comments that a federal shift would be preferable to the current “intolerable” situation. But the progress that marijuana businesses have awaited remains an uphill battle – with Senate leadership a key hurdle – […]

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Chart: Eastern US salaries top Western compensation in cannabis

Salaries for employees of U.S. marijuana companies lean higher in East Coast markets than on the West Coast. That’s one key takeaway from a Marijuana Business Magazine survey of cannabis industry recruiters. Exceptions exist, of course, such as California, where salaries are higher than average, and Florida, where they are lower than average. Several factors […]

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Merrill Lynch launches marijuana sector coverage, predicts more cross-border deals

Bank of America Merrill Lynch deepened its interest in the cannabis industry by initiating coverage of the burgeoning sector, less than a year after it financed Constellation’s multibillion-dollar investment in Canada’s Canopy Growth. The report, by analyst Chris Carey, predicts two events may lead to a paradigm shift: Canada reaching marijuana oversupply by 2021. U.S. legalization. “Importantly, whether […]

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Marijuana Business This Week: AG’s on the clock, bevy of legislation, medical MJ lottery, Harvest Health earnings & more

Here are some notable stories and events to watch for in the coming days: BARR DEADLINE: Wednesday is the deadline set by a group of senators for U.S. Attorney General William Barr to give them answers about increasing the number of federally authorized growers of marijuana for research purposes. In a letter sent to Barr earlier this […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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