Recreational Marijuana News
The amount of unpaid federal excise tax owed by Canada’s cash-strapped licensed cannabis producers more than tripled in the latest fiscal year from a year earlier as companies complain they’re getting buried by government fees and levies.
A bipartisan group of Ohio state lawmakers reintroduced a recreational marijuana legalization bill this week.
Massachusetts regulators scrapped a pilot program to establish cannabis cafes in 12 municipalities, likely ending the potential for consumption spaces to open in the state this year.
The Nasdaq stock exchange sent another warning to Agrify Corp., this time notifying the marijuana technology company it didn’t file its first-quarter results on Form 10-Q on time.
Fewer research analysts are covering the U.S. cannabis industry, which experts say reflects the challenging economic headwinds facing the industry, including high taxes, high interest rates, rock-bottom stock prices and the slow pace of federal marijuana reform.
Hundreds of cannabis retailers in British Columbia are no longer required to block the windows of their respective stores from outside viewing.
Vertically integrated cannabis producer and retailer Item 9 Labs Corp. has initiated a restructuring plan that includes cutting expenses by $3.5 million and an executive shake-up.
