THCA meets legal definition of hemp, operators say – but not everyone agrees
6:30am By Kate LavinIntoxicating cannabis is being sold in accordance with state laws. But it’s not sold as marijuana - it's labeled THCA, which is psychoactive when heated.…New York governor orders exam of cannabis regulator, adult-use licensing
Mon 3:25pm By Chris CasacchiaNew York's governor has ordered examiners to assess the state’s cannabis regulator and processes related to adult-use licensing.…DEA is working ‘quickly’ on marijuana rescheduling, Vice President Harris says
Mon 3:07pm By Kate RobertsonThe U.S. Drug Enforcement Administration is "working as quickly as possible" on potentially rescheduling marijuana, according to Vice President Kamala Harris.…Retailer High Tide acquires premium cannabis brand Queen of Bud for CA$1M
Mon 1:59pm By Matt LamersCanadian cannabis retailer High Tide has entered into a definitive agreement to acquire high-end brand Queen of Bud, including all intellectual property, trademarks and other assets.…Washington state police implicate Chinese nationals in marijuana bust
Mon 12:52pm By Solomon IsraelPolice in western Washington state have made arrests in an investigation into what the Tacoma Police Department described as "a major illegal marijuana grow operation by Chinese nationals."…How R&D cannabis lines help cultivators conduct market research
Mon 6:30am By Kate RobertsonR&D cannabis lines - or limited-edition, small-batch flower - can create a line of communication between cultivators and consumers, enabling marijuana operators to conduct market research while still bringing in revenue.…Colorado marijuana sales top $115.4 million in January
Fri 4:16pm By Chris CasacchiaColorado's total marijuana sales in January were essentially flat compared to December transactions in the state.…Retailer High Tide reports break-even net income, record cannabis sales
Fri 4:15pm By Matt LamersCanadian cannabis retailer High Tide reported break-even net income and positive free cash flow in its financial results for the first quarter of fiscal 2024.…Wyoming joins states that ban hemp-derived THC
Fri 1:43pm By Omar SacirbeyWyoming Gov. Mark Gordon recently signed into law Senate File 32, which ban the sale of hemp-derived THC products. Wyoming joins states that ban hemp-derived THC is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneursTerrAscend expects $26 million tax refund, shares strategy for marijuana nemesis 280E
Fri 12:10pm By Solomon IsraelTerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under Section 280E of the Internal Revenue Code, and an executive hinted at the company's legal basis for doing so.…Canada’s finance minister warned about cannabis industry ‘financial distress’
Fri 6:30am By Matt LamersCanadian Finance Minister Chrystia Freeland was warned last fall about systemic “financial distress” facing the country's cannabis producers, including skyrocketing tax debt and widespread insolvencies.…Planet 13 recovers some ‘embezzled money’ as 2023 marijuana revenue falls
Thu 3:00pm By Kate LavinPlanet 13 Holdings has recovered $3.4 million from its case against an investment firm that the marijuana multistate operator alleges “embezzled money from the company's accounts," co-CEO Robert Groesbeck told investors.…Trulieve Cannabis files lawsuit against ex-CFO contesting $350K in expenses
Thu 2:24pm By Chris CasacchiaFlorida-based marijuana multistate operator Trulieve Cannabis has filed a lawsuit against a former chief financial officer for misappropriating hundreds of thousands of dollars tied to personal expenses.…Arizona sales of unlicensed delta-8 is illegal, state attorney general says
Thu 1:05pm By Omar SacirbeyArizona operators such as gas stations and smoke shops that are selling delta-8 and other hemp-derived THC products without marijuana business licenses are breaking the law, the state's attorney general says.…Jushi looks to boost efficiency as it awaits new adult-use cannabis markets
Thu 12:09pm By Solomon IsraelMultistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024.…Las Vegas marijuana consumption lounges prepare for new era
Thu 6:30am By Chris CasacchiaThrive Cannabis Marketplace recently opened the first state-licensed lounge adjacent to its store just off the Las Vegas Strip, and nearly 20 other consumption businesses are putting the finishing touches on their venues.…Minnesota cracking down on illegal cannabis sales before adult-use launch
Wed 2:55pm By Omar SacirbeyCannabis retailers in Minnesota selling product before the state officially launches legal adult-use marijuana sales risk getting a $1 million fine and jeopardizing their chances of getting MJ business licenses when they become available later.…Ayr Wellness CEO sees gold in future adult-use marijuana markets
Wed 12:59pm By Kate LavinDavid Goubert, CEO of multistate operator Ayr Wellness, told investors and analysts that the Miami-based company is positioned better than its competitors to capitalize on future adult-use marijuana markets.…Cresco posts $180 million full-year net loss as it looks to new cannabis markets
Wed 12:14pm By Chris RobertsCresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse.…The Cannabist looks to marijuana wholesale after ‘arduous 2023’
Wed 11:16am By Solomon IsraelMarijuana multistate operator The Cannabist Co. is trying to improve its wholesale business as it moves on from what CEO David Hart described as "an arduous 2023."…Exploring cannabis as medicine: Q&A with researcher Jean Talleyrand
Wed 6:30am By Solomon IsraelCalifornia-based Jean Talley sat down with MJBizDaily to share his perspective about medical cannabis research.…US senators ‘attack’ North Carolina tribe’s soon-to-open marijuana store
Mar 12, 2024, 5:57 pm By Chris RobertsA Native American tribe is accusing North Carolina’s two Republican U.S. senators of launching an “inflammatory… frontal attack" on tribal sovereignty after the politicians contacted federal and state law enforcement about the Natives' impending…Canadian, British cannabis companies Aqualitas and Cannaray to merge
Mar 12, 2024, 3:58 pm By Matt LamersMedical cannabis companies from Canada and Britain are joining forces to create a global, vertically integrated business to tap opportunities in Europe and beyond.…Marijuana REIT Chicago Atlantic reports 17% interest income increase for 2023
Mar 12, 2024, 2:32 pm By Kate RobertsonThe prospect of federal marijuana reform is growing investment and improving equity for Chicago Atlantic Real Estate Finance's clients, senior management said Tuesday during the company's fourth-quarter and full-year earnings call.…Cannabis MSO Ascend Wellness expecting 280E tax refunds
Mar 12, 2024, 11:41 am By Solomon IsraelMultistate cannabis operator Ascend Wellness Holdings says it has filed amended federal tax returns for several years and expects to receive refunds, becoming the latest U.S. marijuana company to seek the return of tariffs paid under Section 280E of the…How close is DEA to making decision on rescheduling marijuana?
Mar 12, 2024, 6:30 am By Chris RobertsThose keen to know exactly when the U.S. Drug Enforcement Administration will issue its decision on marijuana rescheduling remain frustrated.…Virginia legislative session ends without gov signing adult-use marijuana bill
Mar 11, 2024, 5:26 pm By Chris RobertsVirginia’s 60-day General Assembly session adjourned Saturday without the state's Republican governor signing into law a bill finally legalizing adult-use marijuana sales.…Israel’s IMC looks to spin out, sell cannabis unit in pivot to biotech sector
Mar 11, 2024, 3:10 pm By Matt LamersIM Cannabis Corp. is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out - and potentially sell - its existing medical marijuana operations in Israel and Germany.…‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says
Mar 11, 2024, 1:41 pm By Solomon IsraelThis year is "a much more stable landscape" for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.…Netherlands irons out wrinkles in cannabis experiment ahead of full summer launch
Mar 11, 2024, 6:30 am By Matt LamersDutch authorities have ironed out issues involving the Netherlands' cannabis experiment, government and industry officials told MJBizDaily.…
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