Anyone who thought that the momentum towards federal liberalization of marijuana would be a straight line found themselves with a cold dash of water to the face. Late last week Republican senators filed a bill, entitled the “No Deductions for Marijuana Businesses Act,” which would preserve a punitive federal tax policy that bars cannabis companies from taking ordinary business … [Read more...] about Not Cool, Man: Senate Proposal to Expand 280E Taxes on Cannabis Businesses Even if Rescheduled
marijuana
Less Than 1.5% of New York’s Banks Credit Unions Service Cannabis Industry
As the number of cannabis businesses serving New York’s adult-use market continues to grow, the number of banking opportunities for these businesses remains limited.The New York Office of Cannabis Management (OCM) launched a cannabis banking directory at the bottom of its Social Economic and Equity (SEE) page on its website on Feb. 5. This directory allows industry licensees to … [Read more...] about Less Than 1.5% of New York’s Banks Credit Unions Service Cannabis Industry
Indoor cannabis farms in US use more energy than all other agriculture
Indoor cannabis cultivation in the US uses more energy than all outdoor agriculture in the country combined. This generates a large and growing emissions footprint that often goes unrecognised. “Consumers are led to believe that this is ‘nature’s medicine’ and that it’s ‘green’ in every sense of the word,” says Evan Mills at Energy Associates, a consultancy in California. … [Read more...] about Indoor cannabis farms in US use more energy than all other agriculture
Cannabis regulators warn against potentially unsafe marijuana from two companies
Days after a prominent cannabis testing laboratory filed a lawsuit against its competitors over allegations of fraud, Massachusetts cannabis regulators have sounded the alarm over potentially harmful products sold by two marijuana companies, who are both pushing back against the need for the notice and the state’s haphazard testing system. The Massachusetts Cannabis Control … [Read more...] about Cannabis regulators warn against potentially unsafe marijuana from two companies
Naked Oregon man wounded by exploding weed pen, lawsuit claims
A man who was getting baked while bare of any clothes was seriously injured when his weed pen exploded, a lawsuit filed Friday claims. Gustavo Mendes now seeks $230,000 from the manufacturer of the malfunctioning marijuana vaporizer and the Eugene pot shop where he bought it, according to allegations in the Lane County Circuit Court suit. H/T: www.oregonlive.com You can view … [Read more...] about Naked Oregon man wounded by exploding weed pen, lawsuit claims
South Portland drug bust raises concerns over lookalike packaging
SOUTH PORTLAND, Maine — A routine traffic stop in South Portland led to a significant drug bust, drawing attention to a growing concern—illegal drugs being disguised in what appears to be legal marijuana packaging. The South Portland Police Department stopped a vehicle on Saturday and found two men from Massachusetts allegedly transporting large amounts of drugs, including … [Read more...] about South Portland drug bust raises concerns over lookalike packaging
The Artist Tree launches program giving free cannabis to patients, veterans
The Artist Tree cannabis dispensary announced Monday the launch of a “compassion program” that will provide free cannabis products to California medical cannabis patients suffering from serious medical conditions and patients who are military veterans. The program will be available at three of The Artist Tree locations: Fresno near Palm and Nees avenues, West Hollywood and … [Read more...] about The Artist Tree launches program giving free cannabis to patients, veterans
Why are weed stocks rallying?
Cannabis stocks rallied on Wednesday amid a smattering of upbeat news after a gloomy year. As always, it's difficult to pinpoint what causes a swing in cannabis stocks. The cohort lacks significant institutional investment, so stock prices are less tied to analyst ratings or estimates. Most cannabis companies are also penny stocks, meaning they're more susceptible to outsized … [Read more...] about Why are weed stocks rallying?
U.S. cannabis shoppers face a market flush with illegal weed
FAIRFIELD, Calif. — On a crisp winter morning last month, Sgt. Erin McAtee watched as members of his team with the California Department of Cannabis Control executed a search warrant at a home in Fairfield, halfway between Sacramento and San Francisco. They broke open the door of what looked on the outside like any other upscale suburban house on this street. Inside, the home … [Read more...] about U.S. cannabis shoppers face a market flush with illegal weed
Tilray Brands Enhances Global Cannabis Supply Chain
Tilray Brands Inc., a global lifestyle and consumer packaged goods company at the forefront of the beverage, cannabis and wellness industries, announced the completion of Phase I of its accelerated growth plan for its cannabis supply chain, which began with increased planting in late 2024.Phase II of the growth plan includes planting the outdoor cultivation site in Cayuga, … [Read more...] about Tilray Brands Enhances Global Cannabis Supply Chain
