Cannabis Business

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

Kentucky Governor Andy Beshear (D) announced this week that the Kentucky Medical Marijuana Program has garnered an impressive 4,998 applications for medical cannabis business licenses. The state plans to conduct a lottery in October to select the licensees for this burgeoning industry, according to WHAS11. Governor Beshear highlighted the program’s success in achieving its goals

Minnesota’s Office of Cannabis Management (OCM) has received 1,817 applications for 280 cannabis industry licenses, according to data shared by MinnPost. The first licenses will be awarded to social equity applicants, with the agency verifying 2,307 individuals as qualifying, primarily military veterans and people with previous cannabis-related convictions. The next step involves determining whether the