Budget outlines. Drafted tax proposals. It’s almost a sure bet that New York is going to legalize adult-use recreational cannabis. Governor Andrew Cuomo pledged to legalize recreational marijuana in 2020, and it appears he’s going to work to do just that. The only glitch? After royally screwing up the state’s medical marijuana program, medical marijuana […]
California generated $635 million in cannabis tax revenue in 2019, thanks to Proposition 64. Passed in 2016, Prop 64, also known as the Control, Regulate and Tax Adult Use of Marijuana Act, legalized the use of marijuana for those over the age of 21, created laws, and assessed taxes to regulate the cultivation, distribution, sale, […]
BLK MKT, a Canadian adult-use recreational cannabis brand owned by LP GTEC Holdings, got plenty of attention recently. Their booth in the Vancouver Lift & Co. trade show in mid-January displayed the slogan, “Once You Go BLK . . . ” Needless to say, that tagline has generated some serious controversy. While it might be […]
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 […]
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 — […]
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 […]
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 […]
