The California state cannabis excise tax won’t go up in July as it did in January. The state Department of Tax and Fee Administration (CDTFA) made that announcement in a little-noticed news release in May. Per state law, the agency is required every six months to recalculate the markup rateContinue Reading
Multistate marijuana operator iAnthus said it expects to default on interest payments due June 30 and likely will delay its quarterly earnings past an extended June 15 deadline – a move that could result in a stock trading suspension. The New York-based company, which has partly blamed the coronavirus crisisContinue Reading
Canadian cannabis firm Canopy Growth has given its CEO position a generous salary bump this year, according to recent filings with the U.S. Securities and Exchange Commission, even as the company laid off a large chunk of its workforce and struggled to contain losses. The filings show that an employment offerContinue Reading
High Times Holding Corp.’s agreement to buy planned and operating California dispensaries from multistate operator Harvest Health & Recreation has been cut to 10 from the 13 announced in late April. The Los Angeles-based owner of High Times magazine announced the amended nearly all-stock agreement on Friday. Two properties cutContinue Reading
Education and transparency are key when you’re looking for new CBD brands. The rise in popularity of the non-psychotropic cannabinoid in recent years has seen an unregulated market flooded with inferior products that aren’t rigorously testing. Cannabidiol Life wants to help educate you, the consumer, on how and why theContinue Reading
In a preview of a hotly anticipated trial set to take place in July, a key California marijuana regulator blasted a lawsuit aimed at overturning a policy allowing statewide marijuana deliveries as “bizarre” in a new court filing. The brief, filed June 8, outlines the state’s arguments in favor ofContinue Reading
The Michigan man, 69, sold three pounds of weed in 1994. It’s time for Gov. Gretchen Whitmer to set him free. The post If cannabis is legal, why is Michael Thompson serving 40 years in prison? appeared first on Leafly. Read More: If cannabis is legal, why isContinue Reading
A new lawsuit alleges the top brass of Canada-based cannabis company Tilray misled shareholders and engaged in insider stock sales during 2019 and early 2020. The so-called verified stockholder derivative suit was filed by Tilray shareholder Lee Morgan on June 5 in the U.S. District Court for the District ofContinue Reading
A lawsuit challenging Missouri’s medical cannabis licensing caps and scoring process can move forward toward a potential trial, a judge ruled. A county circuit judge rejected the state Department of Health and Senior Services motion to dismiss the suit filed by four unsuccessful medical marijuana license applicants, according to Law360Continue Reading
The Dutch government agency responsible for exporting medical cannabis sent an email Thursday to its German customers informing of a delay of up to six weeks in the next shipment of medical cannabis. “Due to additional testing needed to release the batches for export, we are momentarily out of stock,”Continue Reading
