Marijuana track-and-trace company Metrc continues its legal tangle with Missouri state officials over the right to charge “tag fees” to medical cannabis dispensaries. In the latest development, Metrc wants a Missouri appellate court to overturn a lower court’s decision that would prevent the Florida-based company from charging fees for radio-frequencyContinue Reading
Multistate cannabis grower and retailer iAnthus Capital Holdings announced a restructuring support deal with a recapitalization component, giving the company an opportunity to reduce its outstanding debt. The New York-based company with offices in Toronto received a demand for repayment on its secured debentures in June after defaulting on interestContinue Reading
With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball Association’s annual U.S. revenue and, by 2024, could surpass Americans’ annual spending onContinue Reading
Hawaii lawmakers passed a bill allowing medical marijuana edibles, a move that could significantly boost the roughly $16 million-$20 million-a-year market. The legislation has been sent to the desk of Gov. David Ige, a Democrat, who has been resistant to some cannabis policy reforms. The bill enjoyed strong support inContinue Reading
A new monograph from German health regulators that defines cannabis extracts (Cannabis extractum normatum) might require companies currently selling or planning to peddle these products in Germany to adapt their formulations. The new entry in the latest version of the German pharmacopoeia (Deutsches Arzneibuch, DAB) went into effect June 1.Continue Reading
iLAVA of Arizona owns 100% of a cultivation and processing license and is now requesting proposals for a financed operator with cultivation experience to enter one of America’s top cannabis markets. Our ideal partner must be focused on quality control, compliance, and has experience designing and building out cannabis cultivationContinue Reading
Growing Exposed, the series dedicated to sharing the secrets of the once underground world of weed, launched its third season via their YouTube channel this past spring. In the two episodes that have aired, it’s clear that the show is looking at grows a little differently than before. “My thoughts are thatContinue Reading
Cannabis companies should expect an uptick in IRS audits. A recent report by the Treasury Inspector General for Tax Administration puts a target on marijuana. Here are seven ways marijuana businesses can survive an IRS audit is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabisContinue Reading
