WeedLife News Network

Trulieve Cannabis Corp has filed amended federal tax returns with refund claims of $143 million for several of its business entities for the years 2019, 2020, and 2021. Trulieve has stated that it believes it does not owe the money, however, there is no guarantee of receipt. The determination is

Marijuana prices in St. Louis County could soon be cheaper. That’s if a new lawsuit is successful. FOX 2’s partners at the St. Louis Post-Dispatch reported that a dispensary in Florissant is accusing St. Louis County and the Department of Revenue of unconstitutionally collecting a 3% sales tax on

Tilray just delivered record quarterly revenue but fell short of Wall Street's earnings estimates. Here's what investors need to know. Tilray stock is down modestly on Wednesday after the company's latest fiscal quarterly earnings technically fell short of Wall Street's expectations. But there was

Tilray Brands Reports Q1 Fiscal Year 2024 Financial Results. NEW YORK and LEAMINGTON, Ontario, — Tilray Brands, Inc. a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its first quarter fiscal year 2024 ended August 31, 2023. All financial

Two cannabis giants each closed their respective funding deals on Tuesday. Canadian Aurora Cannabis Inc. closed its previously announced bought deal offering of 53,187,500 common shares of the company at CA$0.73 per offered security for aggregate gross proceeds to Aurora of approximately CA$38,826

The streets may not necessarily be paved with gold for cannabis entrepreneurs, but they are filled with regulations. Danielle Jurema Lederman is an attorney in Worcester law firm Bowditch & Dewey’s employment & labor practice area. She represents employers in all stages of mediation, arbitration

The bill has gained support from Arizona Senator Kyrsten Sinema and Attorney General Kris Mayes. The Secure And Fair Enforcement Regulation (SAFER) Banking Act is making headway in Congress after passing the Senate Banking Committee this week. Now, attorneys general across the country are calling

Canada's Cannabis industry cheers US 'milestone'. Canadian cannabis companies and their investors cheered a Senate committee's decision Wednesday to push forward with measures designed to ease federal financing restrictions on their U.S. counterparts. WASHINGTON - Canadian cannabis companies and

A cannabis tax proposal is rocking the quaint Bay Area town of Sausalito, with controversy swirling around a proposed 4% tax on all marijuana sales. The city council doesn’t seem to want the new tax, the residents say it’s a bad idea, and the local pot companies say it would destroy their

Your pot may not be as strong as you think it is. Cannabis producers and testing laboratories say that many labels on legal dried cannabis misrepresent the amount of THC and CBD actually contained in the dried flower, and often overstate both. Studies by two labs and a cannabis producer show that

A bipartisan group of senators on Wednesday introduced a newly revised bill to give state-legal cannabis companies access to business banking services. Dubbed the Secure and Fair Enforcement Regulation (SAFER) Banking Act, the legislation is sponsored by Democratic Sen. Jeff Merkley of Oregon and

Tuesday’s discussion of bill drafts related to controlled substance law revisions in Wyoming showed state lawmakers never intended to shut down the hemp industry. Rather, they seek to criminalize cannabis products containing synthetic delta-8. Legislators on the Joint Judiciary Committee had a bill

Oklahoma Considers Industrial Hemp as Key to Rural Economic Expansion. Industrial hemp could be used to expand the economy of rural Oklahoma and as a core ingredient in products such as biofuels, plastics, batteries and cloth, a legislative panel was told this week. Speaking at a state Senate

How This Texas CEO Lied To Investors. A Texas manufacturer of hemp CBD inhalers allegedly attempted to scam investors out of millions of dollars between April 2020 and May 2023, How? According to a lawsuit filed in Texas on Sept.18 by the Securities and Exchange Commission (SEC), the company's

New York's Cannabis Industry Faces Systemic Public Health Failures, Investigation Reveals. A NY Cannabis Insider investigation has uncovered systemic public health failures at every level of the state’s legal cannabis industry, from farmers to labs to state regulators, that experts say may pose a

Canadian Cannabis Software Company GrowerIQ Receives $1M in Government Funding. Toronto-based GrowerIQ, which sells enterprise resource planning (ERP) software to cannabis producers, has been awarded over $1 million CAD by the Government of Canada, through FedDev Ontario. GrowerIQ founder and CEO

Financial services platform Square has entered Canada's cannabis market in partnership with online ordering platform service for cannabis dispensaries Jane Technologies. The partnership involves Jane enabling cannabis dispensaries to use Square to supplement their brick-and-mortar business with an

The latest data from Cannabis Benchmarks reported that the national wholesale flower price has hit a historic low. For the week ending September 15, the U.S. Cannabis Spot Index decreased 1.2% to $936 per pound and in grams, the Spot price was $2.06. Cannabis Benchmarks wrote that prices continued

The US-listed shares of Cronos Group Inc climbed 2.5% in premarket trading Monday, after the Toronto-based cannabis company said it launched its Peace Naturals medical brand in Germany. The company has signed a distribution agreement with Cansativa Group, which has a network of about 2,000

The cannabis industry has opened up nearly 8,000 new jobs statewide since November, when Missourians voted to legalize recreational marijuana. Karina Hernandez’s ideal work environment is surrounded by plants, with her hands in the dirt. Although she already has a biology degree, she recently