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Can South Africa challenge Canada for global cannabis export dominance?
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IRS puts 280E tax guidance for cannabis companies on back burner
Hoped-for guidance for cannabis companies affected by Section 280E of the federal tax code won't be published anytime soon, an IRS attorney said recently.
News January 29
Fresno, California, creates social equity fund for marijuana entrepreneurs
The Fresno City Council voted to establish an equity fund that would help financially assist disadvantaged marijuana business owners, the latest city among California municipalities that are trying to give…
News January 29
CA cannabis firm seeks US Supreme Court ruling on $1.3 million tax case
A California cannabis business is taking its fight over a $1.3 million tax bill to the U.S. Supreme Court after losing a lower-court ruling based on the company filing its…
News January 29
Senate leader Schumer pushing federal marijuana legalization as priority
U.S. Senate Majority Leader Chuck Schumer said he’s putting together a new federal marijuana legalization bill that would allow states freedom to “do whatever they’d like” and put tax revenues…
News January 29
Report: Cannabis contributes $2 billion annually to Washington state economy
The legal cannabis industry has grown at a “staggering rate” in Washington and now contributes roughly $2 billion a year to the Pacific Northwest state’s economy, according to a new…
News January 29
Vape mail ban likely won’t impact marijuana businesses, stakeholders say
The news that vape products cannot be shipped via the U.S. Postal Service doesn't seem to have the marijuana sector overly concerned.
News January 29
Arizona’s new recreational cannabis firms see strong sales, possible supply issues on horizon
Vertically integrated cannabis companies in Arizona's fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch less than three months after voters approved adult-use…
News January 29
Cannabis firm Weedmaps, California vape shop sued over fatal shooting
Online cannabis advertising platform Weedmaps and a Southern California vape shop have been targeted with a wrongful death lawsuit in civil court by a mother who claims both are to…
News January 28
Marijuana firm Valens files prospectus to issue up to CA$150M in securities
The Valens Co. filed a base shelf prospectus with securities regulators in Canada that would enable the cannabis derivative manufacturer to raise up to 150 million Canadian dollars ($117 million)…
News January 28
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