Aurora Cannabis And Tilray Cannabis Sales Boosted By Canada’s Recreational Marijuana Legalization

Canadian cannabis producers Tilray Inc and Aurora Cannabis Inc reported an increase in quarterly revenue last month, attributing the boost to increased demand. Canada was the first industrialized nation to legalize recreational cannabis in an effort to eliminate the black market, but continued growth in this industry is currently limited by lack of supply. When […]

Square Launches Program Providing Payment Processing For CBD Companies

After the company observed a change in public policy related to the cannabis industry, credit card processing company Square is positioning itself to create new opportunities for clients. The company has quietly, by invite-only, started beta-testing payment processing for companies that sell products containing hemp-derived CBD. Door Open, Door Closed Although hemp-derived CBD is now […]

Senator to Federal Small Business Administration: Are Federal Regulations Restricting Marijuana Industry Growth?

Federal officials from the Small Business Administration (SBA) met with members of the Senate Small Business and Entrepreneurship Committee, and questioned how current laws related to cannabis inhibit the ability to do business in states where it is legal. The discussions come as members of Congress work on legislation that would allow small business assistance […]

Treasury Secretary: Marijuana Businesses Shouldn’t Get Tax Breaks

Until Congress can sort out the conflicting federal and state laws on marijuana, it appears marijuana businesses won’t get a green light on tax breaks, and the confusion is affecting the cannabis industry. Because marijuana remains illegal federally, Treasury Secretary Steve Mnuchin and several legislators recommend holding off on allowing marijuana business tax benefits. Mnuchin […]

Washington Now Has Too Much Weed

When Colorado opened its first legal pot shops last year, customers turned out in droves and fueled the weed industry with millions of dollars in revenue. In Washington State, meanwhile, things have been more difficult. The handful of stores that first opened last July ran into a product shortage almost immediately. Pot farmers didn’t have […]