Business

President Donald Trump confirmed Monday that his administration is actively weighing whether to reclassify marijuana as a less dangerous drug, signaling a potential policy shift that could have sweeping legal and economic implications. Speaking at a White House press conference—originally...

California’s two largest cities are hiking fees and taxes on licensed cannabis businesses, even as the state’s legal marijuana market faces steep revenue declines and growing competition from the illicit trade. In San Diego, legal cannabis sales have plunged nearly...

A prominent anti-marijuana organization has launched a six-figure ad campaign urging former President Donald Trump to oppose the federal rescheduling of cannabis—a reform that remains in limbo under the current administration. Smart Approaches to Marijuana (SAM) Action unveiled three 30-second...

House lawmakers have reignited controversy over cannabis policy in the nation’s capital, advancing a federal spending bill this week that continues to block Washington, D.C. from establishing a regulated marijuana market—despite local voters approving legalization over a decade ago. The...

After years of hesitation, major alcohol producers are reevaluating their stance on cannabis-infused beverages as consumer tastes shift and traditional booze sales continue to decline. A growing number of top alcohol brands—including Constellation Brands and Pernod Ricard—are quietly exploring entry...

Federal authorities announced Tuesday that seven Chinese nationals have been charged in connection with a sprawling, multi-million dollar marijuana trafficking conspiracy operating out of Massachusetts and Maine. The Justice Department said the black-market operation, active since at least January...

On July 1st, the excise tax for cannabis went from 15% to 19%. This was baked into the Control, Regulate and Tax Adult Use of Marijuana Act, when the cultivation tax ended. In order to balance out the loss...

The stigma around marijuana has been progressively easing for the past ten years, ever since states began legalizing its recreational use. Due to this, the industry has ballooned across the country. However, businesses have found it frustratingly difficult to...

Former heavyweight boxing champion and cannabis entrepreneur Mike Tyson made an unexpected appearance at a federal Drug Enforcement Administration (DEA) lab in New York City this week, donning a DEA jacket as he toured the facility alongside Alina Habba,...

Over last weekend, the dispensary in West Hollywood known as The Woods was broken into by a group of hooded figures smashing the front window. It took place early Saturday morning before anyone was there, and the perpetrators ended up...