Cannabis Business

Montgomery Circuit Judge James Anderson has appointed a mediator in the ongoing legal battle over Alabama’s attempts to award medical cannabis operator licenses, ABC News reports. The mediation, led by retired Circuit Judge Eugene Reese, aims to resolve the dispute stemming from lawsuits against the Alabama Medical Cannabis Commission (AMCC), which has faced challenges since […]

The American Institute of CPAs (AICPA) has called on the Department of Treasury and the Internal Revenue Service (IRS) to provide guidance for cannabis businesses as the federal government moves to reschedule cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act. This change would remove state-approved cannabis businesses from

Since January, California’s Unified Cannabis Enforcement Task Force (UCETF) has seized more than $191 million worth of illegal cannabis across 13 counties, with $70.7 million of that total seized since July alone. In a statement, Gov. Gavin Newsom emphasized the state’s commitment to tackling the illicit cannabis market. “Through the UCETF, California continues the charge

In a groundbreaking move for the cannabis industry, California Gov. Gavin Newsom signed a bill that will allow cannabis cafes to serve food, beverages, and host live performances. The legislation, authored by Assemblymember Matt Haney (D), marks a significant step in the state’s cannabis landscape and will take effect on January 1, 2025. This new

A recent rule published by the U.S. Department of Agriculture (USDA) introduces additional restrictions on companies providing services to marijuana businesses. Specifically, the Rural Utilities Service (RUS) has determined that participants in its government loan guarantee program, known as OneRD, cannot receive income from marijuana operations. The new regulation clarifies that lenders are ineligible to

Ohio’s adult-use dispensaries have seen a rapid surge in sales, with over $76.2 million worth of products sold since the market launched in August, according to the Division of Cannabis Control (DCC). In under two months, dispensaries across the state have sold 8,813 pounds of plant material and 1,187,395 units of manufactured products. Sales growth

Data from the Cannabis Tax and Fee Administration (CDTFA) shows a steady decline in cannabis tax revenue in California over the past four years, according to a report from the Press Democrat. In the second quarter of 2024, cannabis tax revenue dropped to $263.1 million, down from $361.4 million in Q2 2021. This marks the

The Great Smoky Cannabis Company, the pioneering cannabis dispensary owned and operated by the Eastern Band of Cherokee Indians, officially opened its doors this past weekend in the Qualla Boundary, North Carolina. The grand opening attracted hundreds of eager customers, all aged 21 or older, who lined up for the historic event. This landmark opening