Washington State will spend nearly $100 million to vacate an estimated 350,000 prior drug convictions and reimburse legal fees to people who were prosecuted under laws that the state Supreme Court deemed unconstitutional in 2021. The state Administrative Office of the Courts (AOC) announced on Monday that it would beContinue Reading
How Colorado became ground zero for Hemp production Image Cannabis News June 14, 2023 The view was spectacular. The property, a few miles north of Boulder, Colorado, sat on a little rise with the Rocky Mountains a mile to the west and the Great Plains a mile to the east.Continue Reading
New Mexico Cannabis jobs pay more than other industries Image Cannabis News June 14, 2023 Data collected by a New Mexico agency examined wage comparison for cannabis and non-cannabis jobs. A recent report published by the New Mexico Department of Workforce Solutions shows that individuals—specifically ex-accommodation and food service employees—whoContinue Reading
Connecticut sells $23 Million worth of Cannabis in May Image Cannabis News June 14, 2023 But getting rich as a cannabis entrepreneur is still hard, even in Connecticut. Connecticut raked in $23 million worth of cannabis this May, NBC reports. And that figure isn’t an aberration. The raw figures showContinue Reading
Cannabis companies laying off workers and exiting key markets Image Cannabis News June 14, 2023 Pot stocks are cheap, but have they become too risky to buy? The cannabis industry is in free fall. Companies are struggling to find ways to grow, losses continue to pile up, and cash burnContinue Reading
The governor of Illinois has signed a budget bill that includes provisions that will allow licensed marijuana businesses to take state tax deductions that they’re currently prohibited from utilizing at the federal level due to an Internal Revenue Service (IRS) code known as 280E. Gov. J.B. Pritzker (D) gave finalContinue Reading
DEA weighs in on minor cannabinoids; CT marijuana biz 280E fix signed; NM cannabis jobs report; Prohibs raise SAFE Banking fears Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() {Continue Reading
