After almost a year of waiting and eager anticipation, it’s happened. Alaska’s Marijuana Control Board regulators approved two retail applications. They issued permits for on-site recreational cannabis consumption with a vote of 3-2. The first approved application and license was awarded to GoodSinse LLC in Fairbanks. The business plans to open in the summer. The […]
Talk about putting your money into something you believe in. Panacea Life Sciences founder and CEO Leslie Buttorff donated a whopping $1.5 million to Colorado State University to fund and support cannabinoid research. This isn’t the first time alumni have donated funds for cannabis research, however. Oregon State University graduates Seth and Eric Crawford, founders […]
For both cannabis consumers and companies, chalk it up to a lesson learned. The vaping crisis officially kicked off on August 23, 2019, when Illinois reported the first vape-related death. After a rash of hospitalizations and deaths attributed to vaping, the FDA launched a criminal investigation in September. Now it’s high time for the marijuana […]
One thing you never hear is, “I can’t wait to pay my taxes.” For those in the cannabis industry, it seems like you’re taxed to the hilt. Yet here we are, on the cusp of another tax season. The feds still consider cannabis illicit, but they are happy to take taxes from the industry — […]
Let’s face it – Alaska is a vast state (larger than Texas, California and Montana combined), and despite the relatively sparse, far-flung population, they do things big. The state is home to robust oil, timber, mining and fishing industries, but that isn’t all: they can also claim substantial tax revenues from legal cannabis sales. And […]
It ended just about as quick as it started. Illinois, the 11th state in the U.S. to legalize adult-use recreational marijuana, is facing supply and staffing issues only one week out of the gate. Short story? There’s a shortage of cannabis flower in the state. Not only was recreational marijuana legalized starting January 1, but […]
Even when you’re trying to play by the rules, you might have to break them. In the world of legalized cannabis, where states gingerly follow the rules that, in reality, are illegal federally, it’s a chicken-and-egg situation. How do businesses get marijuana seeds or clones necessary to generate product? Do cannabis cultivators have a magic […]
Michigan is yet another state that legalized adult-use marijuana sales, and those transactions have brought in bank. Legal sales started December 1, and in that first month, the state tallied almost $6.5 million in sales. The industry is expected to continue to grow at a rapid pace in 2020 as more retail licenses are issued. […]
In an effort to squelch rumors, in a statement to the website Marijuana Moment, Coca-Cola vehemently denied any plans to join the CBD market. The denials came after a man, who goes by the name Gabor the Blind Guy on YouTube, claimed to have insider knowledge from his father that the soft drink giant was […]
In a better-safe-than-sorry move, the Washington State Liquor and Cannabis Board (LCB) removed an online map that showed the locations of cannabis producers and processors in the state after a string of burglaries. The LCB has not compiled data about burglarized cannabis companies since the inception of legal cannabis in 2014. Still, in November, at […]
