Cannabis Business

The Senate has been actively working on passing the Secure and Fair Enforcement (SAFE) Banking Act, a crucial piece of legislation that aims to address the banking issues faced by the cannabis industry. Despite some setbacks and disagreements, Senate Majority Leader Chuck Schumer and Senator Jeff Merkley remain optimistic about the bill’s prospects. In this […]

The Maryland Hemp Coalition, along with hemp farmers and business owners, has filed a lawsuit against state officials over a new licensing process they claim is discriminatory and monopolized. The lawsuit challenges provisions in the state’s adult-use cannabis law and details surrounding the licensing process, leading to the closure of hemp businesses. The lawsuit targets

The Nevada Cannabis Compliance Board (CCB) recently approved a conditional license for the first independent cannabis consumption lounge, signaling the imminent opening of social-use cannabis lounges in the fall. La Lounge, LLC, owned by a diverse group, plans to build the lounge in Clark County, along with a restaurant, although the exact location remains undisclosed.

In a bid to safeguard children from harmful hemp products, Florida authorities recently completed “Operation Kandy Krush,” a comprehensive effort to eradicate edible hemp items that resembled popular candies.  Operation Kandy Krush: Operation Kandy Krush was an extensive hemp inspection sweep conducted by Florida officials. Its mission was to identify and eliminate hemp products specifically

Missouri Governor Mike Parson has signed a bill aimed at increasing access to banking services for cannabis companies and implementing fingerprinting and background checks for industry employees and contractors. The law allows for sharing information between the Department of Health and Senior Services and banks, while mandating comprehensive background checks for all individuals working in

Maryland recently made significant progress in its cannabis market as it witnessed robust sales during the first week of retail rollout. According to CBS News, combined medical and adult-use cannabis sales in the state amounted to an impressive $20.9 million. The split between adult-use and medical sales was nearly equal, although medical cannabis sales slightly

Jersey Hemp, the sole licensed hemp farm in the British Isles, has been compelled to cease operations after the United Kingdom Home Office declared its products illegal. The closure has resulted in significant job losses and suspended sales and cultivation activities. The UK government’s decision came after the discovery of THC, a controlled cannabinoid, in

California cannabis distributor Herbl has announced the closure of its operations and entry into receivership, dealing a significant blow to the state’s cannabis industry. As one of the largest licensed distributors in California, Herbl played a crucial role in the mandatory distributor model, through which all cannabis brands were required to sell their products. Herbl’s

The New York Cannabis Control Board (CCB) has taken a significant step forward by voting to settle a lawsuit that has caused a delay in the issuance of cannabis licenses for several regions. The lawsuit, brought by Variscite NY One, has impacted the awarding of licenses to social equity applicants in five regions for the

The recent budget bill passed in Illinois carries significant implications for the state’s cannabis industry. According to a report from Tenth Amendment Center, the bill includes provisions that eliminate the state’s conformity with IRS Code 280E, allowing licensed cannabis businesses to claim normal business deductions. This move is expected to provide much-needed relief to canna-businesses