Cannabis News

Alaska lawmakers are exploring a significant change to the state’s cannabis tax structure. The proposed shift would replace the existing per-ounce tax system with a sales tax, marking a potentially pivotal moment for the state’s cannabis industry. Under current regulations established in 2014, Alaska imposes a $50-per-ounce tax on cannabis. According to a report from …

Alaska Considers Transitioning from Per-Ounce to Sales Tax for Cannabis Read More »

Kentucky-based CBD producer Cornbread Hemp has successfully acquired an unnamed manufacturing partner, completing its transition to full vertical integration. This strategic move positions the four-year-old hemp business to enhance product quality control and offer more competitive prices for its CBD products. CEO Eric Zipperle expressed excitement about the acquisition, emphasizing its significance for Cornbread Hemp’s …

Cornbread Hemp Achieves Full Vertical Integration to Enhance CBD Product Quality and Lower Prices Read More »

A renewed sense of optimism surrounds federal cannabis reform as the SAFE Banking Act is reintroduced as the SAFER Banking Act, signaling a significant step toward enhancing access to financial services for state-legal cannabis businesses. The bill, introduced with bipartisan support in the U.S. Senate, aims to protect financial institutions that provide services to these …

Bipartisan Senators Introduce SAFER Banking Act to Ensure Financial Services for State-Legal Cannabis Businesses Read More »

Maryland’s cannabis industry continues to hit new heights, as the state reported another record-breaking month for cannabis sales in August. According to data from the Maryland Cannabis Administration (MCA), licensed dispensaries collectively sold over $91.7 million worth of cannabis products last month, marking a substantial increase from July’s $87 million in receipts. These remarkable figures …

Maryland Breaks Cannabis Sales Records Nearly $92 Million Sold in August Read More »