The cost of entry is crushing Illinois’ cannabis entrepreneurs
Almost half of all cannabis business permits issued to date in Illinois — mostly held by social equity entrepreneurs — have not opened for business and sit idle.
Major cannabis company to shut down its entire Michigan operation
Publicly-traded TerrAscend Corp., owner of Gage Cannabis, plans to exit the Michigan market by September, acknowledging the financial bloodletting of operating in Michigan’s low-margin marijuana …
Marijuana business owner says customers stocked up ahead of cannabis …
July 1 marks the first day of a raised tax on retail marijuana sales. Tax on recreational marijuana products is now 15 percent plus sales tax, making it one of the highest cannabis taxes in the …
‘This tax could kill this industry.’ California cannabis operators brace for increase
A substantial tax hike for California’s faltering legal cannabis market is set to take effect despite an aggressive industry campaign to suspend the increase that won the support of Gov.
Why Illinois cannabis business licenses sit unused | Crain’s Chicago Business
John Schroyer is a senior Crain’s reporter covering the cannabis industry. He joined Crain Communications in 2022 after eight years at Marijuana Business Daily, where he wrote about every possible …
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.
Considering medical cannabis? How to get a card and potential uses
Depending on which state you live in, you may be able to obtain cannabis to treat conditions like anxiety, chronic pain, and insomnia.
Yes, weed can be addictive — how to recognize the signs of cannabis use disorder
Researchers estimate that 30% of cannabis users will develop an addiction called cannabis use disorder. Here’s how to recognize the signs.
Why Tilray Brands Stock Just Stubbed Out
28.7 million shares, added to its 149.3 million shares outstanding, means Tilray may soon dilute existing shareholders by 19%. Adding financial insult to ownership-stake injury, selling so many shares …
Mitigating the impact of section 280E for cannabis businesses
Section 280E significantly increases taxes for cannabis businesses. Learn how ESOP ownership and Section 471(c) accounting can help operators lower their effective tax rates.
Mike Tyson urges Trump to deliver on cannabis reform after Biden’s ‘failed’ pledge
Mike Tyson joins a coalition of athletes and entertainers urging President Trump to reform cannabis laws, reclassify marijuana and address banking restrictions for cannabis businesses.
Once cannabis trailblazer, Port Hueneme experiences faltering industry
Annual cannabis revenues for the city of Port Hueneme have dropped from a 2022 high of $2.9 million to just above $1 million. The city gathers cannabis revenue via development agreements rather than …
Arkansas business owner shares impact of ban on hemp, cannabis products
After a federal court ruled that Arkansas can proceed with the implementation of Act 629, one Hot Springs business owner said it will put him out of business.
Thailand was the first country in Asia to legalize marijuana. Things didn’t go as planned
Three years since Thailand became the first country in Asia to decriminalize cannabis, the government this week imposed new rules designed to rein in the country’s “green rush.” …
California cannabis tax increase takes effect July 1
The California Department of Tax and Fee Administration announced the current 15% tax will increase to 19% on July 1.
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