Cannabis Business

Starting next month, Connecticut residents will be able to purchase double the amount of marijuana in a single retail transaction than what is currently allowed. The Department of Consumer Protection (DCP) in Connecticut recently announced that the purchase limit for adult-use cannabis will increase from a quarter ounce to half an ounce. The decision to […]

Home values in states with adult-use cannabis laws have outpaced home values in other states by nearly $49,000 from 2014 to 2023, according to new research from Real Estate Witch. The typical home in a state with legalized cannabis has seen its value appreciate by $185,075 since 2014, compared to $136,092 in states that have

Medical cannabis sales in Arkansas have surged this year, totaling $211.3 million, according to data provided by the Department of Finance and Administration (DFA) and reported by the Arkansas Democrat-Gazette. Since the state’s first dispensaries opened in 2019, the DFA has collected $113 million in tax revenue from medical cannabis sales. Based on the DFA’s

For years, Michigan has enjoyed its status as a hotspot for Ohioans seeking affordable and accessible cannabis. With dispensaries dotting the border between the two states, Michigan has welcomed a steady influx of out-of-state customers. However, Ohio is now poised to challenge Michigan’s dominance in the cannabis market. On November 7, Ohioans will vote on

A group of cannabis companies based in Massachusetts has initiated legal action against U.S. Attorney General Merrick Garland, challenging the constitutionality of federal cannabis laws. The plaintiffs, which include Canna Provisions, Inc., Wiseacre Farm, Inc., Verano Holdings Corp., and Gyasi Sellers, an individual operating a cannabis courier business, contend that federal cannabis laws are an

The U.S. Census Bureau has unveiled an interactive map that provides detailed information about the quarterly revenue generated by states through cannabis excise taxes, as well as the percentage of their total revenues represented by these taxes. This dataset encompasses the second half of 2021, all of 2022, and the first half of 2023. It’s

Two former executives of CanaFarma Corp., Vitaly Fargesen and Igor Palatnik, recently pleaded guilty to fraud charges stemming from their involvement in swindling investors in CanaFarma Corp. and CanaFarma Hemp Products Corp. The guilty pleas mark a significant development in a case that has exposed a sophisticated scheme to defraud investors of millions of dollars.

Officials in Cook County, Minnesota, are contemplating the idea of operating a municipal cannabis dispensary. Drawing inspiration from their existing liquor store model in Grand Marais, county administrators see this as a way to generate additional revenue for the local government. County Administrator James Joerke explained that the county’s interest in a government-run dispensary stems

The Secure and Fair Enforcement Regulation (SAFER) Banking Act has successfully passed the Senate Committee on Banking, Housing and Urban Affairs. This bipartisan effort, led by Senators Jeff Merkley (D-OR), Steve Daines (R-MO), Kyrsten Sinema (I-AZ), Cynthia Lummis (R-WY), and Senate Majority Leader Chuck Schumer (D-NY), aims to normalize banking access for cannabis businesses operating

One of Montana’s prominent cannabis testing laboratories, Stillwater Laboratories, has made the difficult decision to cease its operations, citing concerns about the accuracy of cannabis testing. The lab’s closure raises questions about the challenges faced by the cannabis industry, especially in states where recreational use has been recently legalized. Owners Ron and Kristine Brost expressed