New Mexico judge rejects changes to state’s medical marijuana rules
A New Mexico state district court judge ruled that changes to the state’s medical marijuana program last year – which would have […]
Month: January 2021
IRS puts 280E tax guidance for cannabis companies on back burner
Hoped-for guidance for cannabis companies affected by Section 280E of the federal tax code won’t be published anytime soon, an IRS attorney […]
Fresno, California, creates social equity fund for marijuana entrepreneurs
The Fresno City Council voted to establish an equity fund that would help financially assist disadvantaged marijuana business owners, the latest city […]
CA cannabis firm seeks US Supreme Court ruling on $1.3 million tax case
A California cannabis business is taking its fight over a $1.3 million tax bill to the U.S. Supreme Court after losing a […]
Senate leader Schumer pushing federal marijuana legalization as priority
U.S. Senate Majority Leader Chuck Schumer said he’s putting together a new federal marijuana legalization bill that would allow states freedom to […]
Arizona’s new recreational cannabis firms see strong sales, possible supply issues on horizon
Vertically integrated cannabis companies in Arizona’s fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch […]
Cannabis firm Weedmaps, California vape shop sued over fatal shooting
Online cannabis advertising platform Weedmaps and a Southern California vape shop have been targeted with a wrongful death lawsuit in civil court […]
Marijuana firm Valens files prospectus to issue up to CA$150M in securities
The Valens Co. filed a base shelf prospectus with securities regulators in Canada that would enable the cannabis derivative manufacturer to raise […]
San Diego County starts work on marijuana social equity program
One of the few remaining major metro California markets that doesn’t have a marijuana social equity program began down that path when […]
Michigan cannabis operator brings in $50 million from small investor offering
Gage Growth, a Michigan-based cannabis operation, said it raised the maximum $50 million allowed through a Regulation A, small-investor offering. Regulation A […]