Business

Current federal tax policies are causing legal-market operators to become unprofitable, and these businesses are unlikely to find relief absent substantive legislative changes being made at a federal level. That’s the conclusion of a new study published by the...

Members of the US Senate Committee on Banking, Housing, and Urban Affairs will hear testimony tomorrow regarding S. 1323: the Secure and Fair Enforcement (SAFE) Banking Act, which seeks to normalize relations between state-licensed cannabis businesses and financial institutions....

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Florida, Maine, Maryland, Missouri, Nevada, New Hampshire, Ohio, Pennsylvania, Vermont, and Washington.  LEGALIZATION New Hampshire  UPDATE: HB 639 and HB 360 were both previously passed members...

The United States government collected over $1.8 Billion in federal taxes in 2022 from cannabis. Compared to many other sectors in the states, this number is staggering. This excess is also forecasted to increase by another $300 million by...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Alaska, California, Colorado, Louisiana, Maine, Minnesota, Missouri, Nevada, New York, Texas, and Vermont.  LEGALIZATION  Louisiana  UPDATE: HB 17 is scheduled for a hearing today in the...

Lawmakers in both chambers of Congress have reintroduced the Secure and Fair Enforcement (SAFE) Banking Act with bipartisan support. The legislation, which was introduced by Senators Steve Daines (R-MT) and Jeff Merkley (D-OR) in the upper chamber and Representatives...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Delaware, Maine, Minnesota, Nevada, North Carolina, Texas, and Vermont. LEGALIZATION Minnesota  UPDATE: HF 100 passed​ the House 71 to 59. SF 73 is anticipated to...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Alaska, Arkansas, California, Colorado, Delaware, Illinois, Louisiana, Maine, Massachusetts, Minnesota, New Hampshire, New York, Nevada, North Carolina, Oklahoma, Vermont, and Washington.  LEGALIZATION  Delaware  UPDATE: HB1 has...

Members of the US House of Representatives introduced legislation today to help level the playing field for legal cannabis businesses by normalizing the way in which they pay their federal taxes.  The Small Business Tax Equity Act provides an exemption...

The quarter ending in February wasn’t great for Tilray, who blamed higher interest rates and a declining market capitalization for its $1.2 billion loss. A loss was expected, but this is a biggie. Nonetheless, Tilray claims this doesn’t effect...