Business

A recent survey of Ohio lawmakers indicates that 54 percent of them believe voters will approve a ballot initiative next month to legalize marijuana in the state. This expectation is shared by both Democratic (63 percent) and Republican (52...

Canada’s cannabis industry, once hailed as a budding success, has faced persistent challenges due to oversupply and competitive pressures. As a result, some of the country’s largest cannabis cultivators are exploring alternative avenues to maintain profitability. These companies are...

Members of the United States Senate Committee on Banking, Housing, and Urban Affairs voted today to advance legislation, the SAFER Banking Act, which allows financial institutions to more readily establish relationships with state-licensed cannabis businesses. Although members of the House...

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. Since...

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...