Business

Two and a half years ago, weed stocks had a bit of a moment. In February 2021 pretty much every stock shot upwards due to a democratic president being elected and a general optimism in the air for legalization. YOLO...

Bloomberg News just got a huge scoop: a letter sent from the Department of Health and Human Services to the DEA recommending that marijuana be moved from Schedule I to Schedule III in the list of Controlled Substances. There...

Illinois has emerged as one of the states with the highest retail cannabis prices in the country, according to a recent report released by Headset. The report, titled “A Deep Dive into the Illinois Cannabis Market,” delved into various...

State cannabis regulators in New York issued a statement saying that over 2.7 million New Yorkers consume cannabis at least once a month. Their research only backs their pleas to introduce a more robust legal marketplace for cannabis. John Kagia,...

Marijuana-related reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Maine, Massachusetts, New Jersey, New York, and Pennsylvania. LEGALIZATION Pennsylvania Senate Bill 846 legalizes the adult use of marijuana, permitting those ages 21 and...

Section 280E of the Internal Revenue Code (IRC) explicitly prohibits businesses engaged in the trade or distribution of either Schedule I or Schedule II controlled substances from deducting expenses on their federal taxes.  Because marijuana is still federally recognized as...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Colorado, Illinois, Louisiana, Maine, Nevada, New York, Ohio, Pennsylvania, and Vermont.  MEDICAL ACCESS California Update: SB 302 awaits a hearing in the Assembly Health Committee...

Now that we are a few months into Twitter allowing cannabis advertisements on their site, we have a better grasp at what is and isn’t allowed for the popular social media website. Just a few months ago it was...

Democratic Gov. Jared Polis has signed legislation (House Bill 1279) into law repealing the ban on the online sale of cannabis products. The law allows licensed retailers, for the first time, to “accept payment online for the sale of...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Louisiana, Maryland, Maine, Minnesota, North Carolina, and Texas. EXPUNGEMENT Louisiana Update: HB 286 has been referred to the House Judiciary Committee and is pending a...