State tax law will now treat cannabis vendors like other businesses
ALBANY — The Legislature and Gov. Kathy Hochul have signed off on a change to New York’s tax law that will enable cannabis entrepreneurs to deduct business expenses related to marijuana sales from their state taxes despite the drug remaining illegal under...
Applicants pursuing cannabis business licenses in Red Bank
RED BANK – Recently, members of the Red Bank Borough Council passed three resolutions acknowledging that Next Chapter Market, RBFC and Canopy Crossroad have proposed operating permitted cannabis businesses in town and that their proposals would not exceed the...
8 cannabis investors share their outlook on the European market in H1 2022
Germany’s government created quite a buzz when it announced that recreational cannabis would be legalized during the current term. Does this mean that we’ll see recreational use of cannabis for adults becoming a common policy in Europe? It’s too soon to say. After...
Detroit’s late arrival to the recreational marijuana industry spells trouble
click to enlarge Courtesy photo Detroit dispensaries like The Reef can soon sell adult-use cannabis. Opting out The Detroit City Council shocked the cannabis industry in November 2019 when it passed a last-minute ordinance preventing recreational businesses from...
Sen. Cooney introduces new cannabis banking bill
NYS Senator Jeremy Cooney today introduced the first of two pieces of marijuana legislation that aim to improve efficiency and compliance in the cannabis banking industry. The Cannabis Banking and Disclosure Act, or S8758, would authorize the Office of Cannabis...
CBD Stocks Creating Opportunities – Established (BCCI), (STG), (WEED), (ACRGF), (RLTR), (CBMJ), and Newcomer (VAPR) Lead the Charge
You would have to be living in isolation to have not picked up on the hottest marijuana derivative consumable and therapeutic center isolate CBD. CBD “Cannabidiol” is the non-psychoactive full spectrum derivative of the hemp and marijuana plant largely credited for the majority of the medical beneficial attributes associated with marijuana.
Rising Star Among Cannabis Companies: Why MariMed Deserves Your Attention
Zuanic & Associates (Z&A) initiates coverage of cannabis company MariMed (OTC:MRMD) with an Overweight rating. While the entire sector anticipates positive US federal reform news, MariMed stands out as a stock that can perform well even in the...
Real Housewives of Potomac’s ‘Happy Eddie’ is launching an eponymous cannabis brand
Loading the player… When Eddie Osefo, husband of “Real Housewives of Potomac” star Wendy Osefo, smiled at another castmate during an event in the show’s seventh season, the moment quickly enveloped into scandal when she accused him of flirting. Accordingly, the...
6 Trendsetting Cannabis Products Paving The Path To Modern Marijuana Use
Loading… Loading… Loading… This article was originally published on Cannabis & Tech Today and appears here with permission. The cannabis industry has come a long way since its inception. From edibles to flowers, companies are constantly...
SXSW Announces 2024 Lineup, Leaning Into Psychedelics While Nixing Cannabis Track
Organizers at SXSW this week unveiled a slate of more than 450 sessions chosen for the conference set to kick off in March. Among them are a handful of panels focused on legal marijuana and a whopping 13 sessions on psychedelics. It’s a sign of the shifting interest...
Colorado marijuana industry regulators under fire as underage sales checks nosedive
On about 600 occasions in 2019, state marijuana industry regulators sent hired operatives, aged 18 to 20, into Colorado dispensaries to check that the law barring sales to people under 21 was being followed. Then the COVID-19 pandemic hit, and in 2020 state regulators...
Needham Bank sees ‘cross sell opportunity’ with newly purchased cannabis business
Needham Bank’s decision to serve businesses involved in Massachusetts’ growing cannabis industry will open the firm up to a lucrative new clientele, CEO Joe Campanelli said. After spending the past 18 months exploring how it would enter the space, the $2.9...
Washington D.C. considers plan to put marijuana ‘gifting’ stores out of business
WASHINGTON — The D.C. Council will consider allowing anyone age 21 or older to obtain medical marijuana, with or without a doctor’s prescription. The proposal, which the council is set to vote on Tuesday, is part of an effort by lawmakers to prop up medical marijuana...
Lume grows success with Evart cannabis facility
Marijuana prices have collapsed across the state — down 40 percent year-over-year to $160.12 per ounce of recreational cannabis. The long-predicted price drop, thanks to increased supply as more and more growers come on line, is likely smashing the margins of many in...
New Mexico statewide cannabis sales down; but business still up for some dispensaries
© Provided by KOAT Albuquerque cannabis According to the most recent numbers from New Mexico’s Cannabis Control Division, the state has sold nearly $13 million in total cannabis products since legal sales started. “I think it’s huge for the state and...
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