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Alabama Senate passes medical cannabis bill
The Alabama Senate on Thursday passed a medical marijuana bill that would license 34 dispensaries across the state. The bill also would permit people with a doctor’s recommendation to use MMJ…
News March 13
Australia to increase scrutiny of imported medical cannabis
The regulatory body for therapeutic goods in Australia plans to expand the number of quality inspections involving imported medical cannabis in the coming months. Over 90% of prescriptions and approvals…
News March 13
In White We Trust? Harvest CEO consolidates control amid 44% stock drop
Consolidating power to a single individual, as seen with Harvest Health and Recreation's announcements this week, can be a risky proposition for any company. It's not an automatic red flag,…
News March 13
Marijuana firm Tilray plans $90 million capital raise amid market turmoil
Canadian cannabis producer Tilray on Thursday announced a share offering to raise $90.4 million, which the Nanaimo, British Columbia, company says will be used for general corporate purposes.
News March 13
Large cannabis operators positioned to dominate potential Arizona recreational cannabis market, shut out small businesses
Arizona’s fast-growing, roughly $750 million a year medical marijuana market was fortified by multistate operators (MSOs) that moved into the market and invigorated lackluster operations, cannabis experts say. And now an…
News March 13
Zenabis to sell cannabis facility, lays off quarter of workforce
Zenabis Global laid off almost a quarter of its workforce and plans to sell one of its cultivation and processing facilities in an effort to become cash flow positive this…
News March 12
Cannabis group’s CEO stepping down
Marijuana industry veteran Neal Levine announced on Thursday that he is resigning as the CEO of the Cannabis Trade Federation, a national coalition of MJ-related businesses.
News March 12
Advice on 280E for marijuana executives: Settle in lieu of fighting with the IRS
As a former Federal Commissioned Officer of the Internal Revenue Service, here’s my advice for cannabis companies and section 280E of the U.S. tax code: Settle with the IRS -…
News March 12
US House panel approves medical marijuana bills to help veterans
A key U.S. House committee on Thursday advanced a bill that would increase access to state-legal medical cannabis for military veterans, which could increase MMJ sales. The House Veterans’ Affairs…
News March 12
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