business

Illinois Gets More Tax Revenue From Marijuana Than Alcohol, State Says

In a new report published this month, Congressional researchers examine tax policies and restrictions for the marijuana industry—and how those could change if any number of federal reform bills are enacted. The Congressional Research Service (CRS) analysis focuses on a section of Internal Revenue Services (IRS) code known as 280E, which precludes cannabis companies from taking certain federal tax deductions…

Colorado Marijuana Sales Reached $167 Million In February

In a new report published this month, Congressional researchers examine tax policies and restrictions for the marijuana industry—and how those could change if any number of federal reform bills are enacted. The Congressional Research Service (CRS) analysis focuses on a section of Internal Revenue Services (IRS) code known as 280E, which precludes cannabis companies from taking certain federal tax deductions…

Uber Will ‘Absolutely’ Explore Marijuana Deliveries When Federal Prohibition Ends, CEO Says

In a new report published this month, Congressional researchers examine tax policies and restrictions for the marijuana industry—and how those could change if any number of federal reform bills are enacted. The Congressional Research Service (CRS) analysis focuses on a section of Internal Revenue Services (IRS) code known as 280E, which precludes cannabis companies from taking certain federal tax deductions…

New York’s New Cannabis Laws Look a Lot Like Colorado’s

Hundreds of retail shops will be spread across New York under plan. The marijuana industry in New York will be similar to Colorado’s, where nine years after it was legalized there are nearly 1,000 retail stores and small medical marijuana dispensaries spread across that state. For many people who suffer from conditions such as insomnia, depression, post-traumatic stress disorder or…

Olivia Newton-John Puts Her Wellness Retreat On The Market

The ‘Have You Never Been Mellow’ Singer Is Offloading Her Famed Byron Bay Wellness Retreat, Describing Her Decision To Sell The Award-Winning Resort ‘Bittersweet.’ Months after her Gaia venue swept the World Luxury Hotel Awards, the “Xanadu” singer announced in a statement that she’s ready to “pass the baton” to new owners. “Having won so many humbling and outstanding awards,…

Jay-Z Shares Statement Following Legalization Of Cannabis In New York

The rapper, who has his own marijuana brand, called the news “incredibly exciting”. Jay-Z has shared a statement following the news that New York has become the latest US state to legalise the recreational use of cannabis. Last week (March 31), it was announced that New Yorkers over the age of 21 can now possess and use up to three…

Cannabis Regulatory Update: Hawaii, Louisiana, Nebraska, New Mexico, South Carolina

Hawaii House Approves Proposal For Cannabis Exemption From DEA Hawaii lawmakers approved Wednesday a proposal that seeks an exemption from Drug Enforcement Administration (DEA) regulations, asking that the state is allowed to manage its medical cannabis program without federal involvement, reported Marijuana Moment. Independently, the state Senate voted for two resolutions that ask state officials to research the therapeutic advantages…

A Snapshot Of Colorado’s Cannabis Market For Investors, Entrepreneurs

Colorado was first-to-market in the cannabis space, and the stability in the market could mean fewer opportunities for significant returns. But there’s no denying Colorado cannabis is booming. The state saw a 26% increase in 2020 sales for a total of $2.2 billion, according to BDSA data. BDSA forecasts Colorado sales will reach $2.7 billion by 2026. – Read the…

Cannabis Growing Operation First to Unionize in Canada with UFCW 1518

UFCW 1518 crossed a new milestone today as workers at Potanicals Green Growers joined the union and ratified their first collective agreement. Following a unanimous vote to ratify the new contract, Potanicals has become the first cannabis growing operation and extraction facility to unionize in Canada. Workers at the medical cannabis growing and processing facility reached out to the union…

I Got High For Science: Inside A Human Trial With Cannabis Processor Nextleaf

When Canada legalized marijuana, the Cannabis Act made it clear: in order for a company to test their products on humans at the development stage—that is, have subjects sample them before releasing them to consumers—it must be granted an additional class of license. Only with a research license, a document that requires a separate (and rather onerous) application can a…
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