Cannabis Business

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

The Oklahoma Medical Marijuana Authority (OMMA) has issued fines to 161 dispensaries and is seeking to revoke permits from 39 of them for allegedly violating patient purchase limits. This crackdown, which began in January and extended through May of this year, has raised concerns among dispensary owners and industry advocates. The heart of the issue

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

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

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

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