8 things to know: Cannabis sales top $1B in first year of legalization
A Virginia bank plots expansion into Maryland, Pimlico Race Course set to close for renovations and more things to know this morning.
Cannabis firm still interested in Winsted
A cannabis business that had plans to establish a cannabis farm in town this summer may return next year. Nova Farms, which is based in Massachusetts, had submitted in early June an application to the …
Papa’s Herb Makes Canadian Cannabis History
Papa’s Herb, a rapidly expanding cannabis brand in North America, has partnered with Calgary’s Chinook Cannabis to become the first legally sold dispo …
Maryland’s Cannabis Industry Surpasses $1.1 Billion in First Year
Maryland has generated over $1.1 billion dollars from Marijuana total medical and adult-use retail sales since it legalized cannabis on July 1, 2023. Governor Wes Moore made this announcement to the …
Bloomington Planning Commission to Host Public Hearing on Cannabis Business Regulations on July 11
Bloomington holds hearing on cannabis business rules on July 11, 2024, allowing in-person and electronic participation.
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.
Las Cruces Cafe pioneers cannabis-infused dining in NM
LitCafé in Las Cruces, New Mexico’s first cannabis-integrated café, blends local cuisine, art, and events for a unique dining experience.
Here’s How California Cannabis Businesses Are Handling Wildfire Losses
Of the over 16,000 structures destroyed in the recent rash of wildfires in Southern California, many cannabis businesses were included.
Major Mass. cannabis lab sues competitors, claiming testing fraud
The Framingham facility alleges that labs who manipulate cannabis safety testing are enriching themselves at their expense.
Many Minnesota cities already sell alcohol. Should they sell cannabis?
Mike Larson has already seen how profitable marijuana can be for the city of St. Anthony. Over 40 years of working in the alcohol industry, Larson said no product has been as much of a hit as THC …
Worcester cannabis firm sues investor for alleged nonpayment
A Worcester-based social equity cannabis business has filed a lawsuit in Massachusetts Superior Court alleging that a California firm has not paid the $2 million it owes for a 49% stake in the company …
State shuts down New Scotland shop for illegal cannabis sales
selling cannabis products at low prices without the burden of taxes and drawing business away from the relatively few licensed retailers. Businesses that break the rules face fines of up to $20,000 …
IRS leaves no wiggle room on higher taxes for legal cannabis companies
”The law with respect to the schedule or classification of marijuana has not changed,” the IRS said in a news release on Friday. “Taxpayers seeking a refund of taxes paid related to Internal Revenue …
Judge dismisses lawsuit over federal law on marijuana
Powerhouse law firm Boies Schiller Flexner had argued that the landscape of marijuana regulations has changed so drastically in the past two decades that businesses in states that have legalized the …
Rescheduling and recreational marijuana: Possible step toward national legalization?
Gonnell and Michael Lafleur of Troutman Pepper discuss questions following the Notice of Proposed Rulemaking related to the transfer of marijuana from schedule I of the Controlled Substances Act to …
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