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NY’s quarterly tax payments for Cannabis businesses ‘threatens the viability’ of all operators

NY’s quarterly tax payments for Cannabis businesses ‘threatens the viability’ of all operators

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Cannabis NewsMarch 20, 2024

Urgent Need for Reform: New York's Cannabis Tax Payment System. As the April 1 state budget deadline looms in Albany, all cannabis tax discussions have been on the THC potency tax repeal-and-replace proposals. We are thankful that the governor and legislature have all offered substantial replacement

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NY’s quarterly tax payments for Cannabis businesses ‘threatens the viability’ of all operators

NY’s quarterly tax payments for Cannabis businesses ‘threatens the viability’ of all operators

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Cannabis NewsMarch 20, 2024

Urgent Need for Reform: New York's Cannabis Tax Payment System. As the April 1 state budget deadline looms in Albany, all cannabis tax discussions have been on the THC potency tax repeal-and-replace proposals. We are thankful that the governor and legislature have all offered substantial replacement

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Biden Says He’s ‘Taking Care’ Of Federal Cannabis Laws

Biden Says He’s ‘Taking Care’ Of Federal Cannabis Laws

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Cannabis NewsMarch 20, 2024

Activists Argue Biden's Rescheduling Plan Won't Address Cannabis Injustices. Biden may have reaffirmed his commitment to federal marijuana policy reform, but simply rescheduling won’t help those who have been most harmed by prohibition, say activists. Whilst at a campaign event in Wisconsin on

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Kentucky Senate Proposes Holding Back Medical Cannabis Funds Pending Research

Kentucky Senate Proposes Holding Back Medical Cannabis Funds Pending Research

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Cannabis NewsMarch 19, 2024

Medical Cannabis funding hinges on conclusive 'evidence', senate proposal says. The Kentucky Senate has proposed keeping new funding out of the hands of state medical cannabis regulators until there is “conclusive evidence” as to the drug’s effectiveness. The Senate and the House both proposed about

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Cannabis potency is falling in California

Cannabis potency is falling in California

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Cannabis NewsMarch 19, 2024

California's Weed Is Getting Weaker, But It's Not What You Think. California’s cannabis has long been known for being notoriously strong, but test results from the state’s legal stores show that weed in the Golden State is getting weaker. Experts say there’s more to the story. Cannabis potency is

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Legal Marijuana in other states hurts livelihood of California growers

Legal Marijuana in other states hurts livelihood of California growers

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Cannabis NewsMarch 19, 2024

While marijuana is associated with millions in tax revenue, it has not led to growth in the communities that first brought pot to popularity. Tax dollars have always been seen as one of the best parts of marijuana legalization. In a three-county region of Northern California known as the "Emerald

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San Jose Cannabis businesses at odds with city over crime protection

San Jose Cannabis businesses at odds with city over crime protection

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Cannabis NewsMarch 19, 2024

San Jose city leaders on Tuesday will debate new cannabis regulations, and it comes as dispensaries say the city falls short of protecting them from crime. The city’s licensed cannabis businesses are frustrated. They say they are being targeted by criminals, and they’re not getting the protection

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Toxic metal particles can be present in Cannabis vapes even before the first use

Toxic metal particles can be present in Cannabis vapes even before the first use

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Cannabis NewsMarch 19, 2024

Vapes have often been heralded as a "safer" way to consume either nicotine or cannabis, where legal to do so. But the devices present their own suite of risks that are slowly being revealed as they undergo increasing research and regulation. Now, researchers have discovered that nano-sized toxic

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Residents sue to stop Weed Dispensaries from opening in their town

Residents sue to stop Weed Dispensaries from opening in their town

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Cannabis NewsMarch 19, 2024

Highland Park Residents File Lawsuit to Stop Sale of Legal Weed, Citing Health and Safety Concerns. Some residents of a New Jersey borough say they don’t want their neighborhoods to become destinations for pot smokers, so they’ve filed a lawsuit attempting to stop the sale of legal weed in town —

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New York governor orders probe of Marijuana licensing program 'disaster' amid black market surge

New York governor orders probe of Marijuana licensing program 'disaster' amid black market surge

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Cannabis NewsMarch 19, 2024

Unlicensed NY storefronts prompted Gov. Kathy Hochul to request online platforms like Google to stop listing them. New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers

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State Legalization Efforts Put Federal Marijuana Ban Under Fire

State Legalization Efforts Put Federal Marijuana Ban Under Fire

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Cannabis NewsMarch 19, 2024

Several cannabis companies are challenging the federal ban on marijuana, arguing it has no legal basis. They claim the government’s original justification for prohibition - curbing illegal interstate trade - is no longer valid since many states have legalized marijuana. This lawsuit counters the

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Scandal Unfolds: NY Cannabis Chief on Leave Amid Retaliation Firestorm

Scandal Unfolds: NY Cannabis Chief on Leave Amid Retaliation Firestorm

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Cannabis NewsMarch 19, 2024

Top state cannabis official Damian Fagon put on administrative leave following NY Cannabis Insider investigation. A high level official at the Office of Cannabis Management was placed on administrative leave following a NY Cannabis Insider investigation about allegations of retaliation and selective

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New Cannabis Lawsuit Filed Against Federal Government

New Cannabis Lawsuit Filed Against Federal Government

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Cannabis NewsMarch 19, 2024

After a Massachusetts-based cannabis lawsuit was dismissed in January, the companies decided to introduce a new court filing. Last year in October, a group of cannabis companies filed a federal lawsuit claiming that a federal ban on cannabis is unconstitutional, but the suit was dismissed in January

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Morocco celebrates huge Cannabis harvest – legally for the first time

Morocco celebrates huge Cannabis harvest – legally for the first time

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Cannabis NewsMarch 18, 2024

Nearly a million people live in areas of northern Morocco where cannabis is the main economic activity. Morocco’s first legal cannabis harvest was 294 metric tons in 2023, after the country approved its cultivation and export for medicine and industrial uses, the cannabis regulator has said said

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How the United States became a major supplier of Weed to Ireland

How the United States became a major supplier of Weed to Ireland

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Cannabis NewsMarch 18, 2024

Irish gangs are sourcing cannabis from American suppliers after its legalisation in 24 states. Drug trafficking is rapidly evolving in terms of both smuggling methods and money-laundering America has become a significant source of cannabis being smuggled into Ireland following the legalisation of

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Weed Megacorp To Exit Maine Adult-Use Market

Weed Megacorp To Exit Maine Adult-Use Market

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Cannabis NewsMarch 18, 2024

Global cannabis powerhouse Curaleaf is leaving Maine’s recreational cannabis market as it continues efforts to improve the company’s profitability. Curaleaf, one of the world’s largest cannabis companies, is exiting the adult-use cannabis retail market in Maine with the sale of its licensed

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Combined Medical And Adult-Use Cannabis Sales In Colorado Reach $115.4M In January

Combined Medical And Adult-Use Cannabis Sales In Colorado Reach $115.4M In January

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Cannabis NewsMarch 18, 2024

Colorado Cannabis Sales Hold Steady in January, Year-Over-Year Decline Continues. January cannabis sales in Colorado came in flat compared to December, according to data released by the Colorado Department of Revenue. Combined medical and adult-use marijuana sales earned $115.4 million in January

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Cannabis tax money seen as a bribe to Menominee

Cannabis tax money seen as a bribe to Menominee

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Cannabis NewsMarch 18, 2024

Controversy Surrounding Marijuana Stores in Menominee. Two hundred, ninety-five thousand dollars a bribe paid to the city of Menominee to host the dismal marijuana industry (EagleHerald newspaper 3/6/2024, City to receive $295,000 in state dollars.). 10th Street is looking like a slum. Working

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More funding needed for New York’s Cannabis social equity entrepreneurs

More funding needed for New York’s Cannabis social equity entrepreneurs

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Cannabis NewsMarch 18, 2024

Challenges and Calls for Equity in New York's Cannabis Industry. In 2023, some 6,900 New Yorkers applied for adult-use recreational licenses, competing for approximately 900 to 1,500 licenses expected to be issued by the NYS Office of Cannabis Management this year. It’s essential to acknowledge the

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Lansing Marijuana business loses licenses over 'illicit' products

Lansing Marijuana business loses licenses over 'illicit' products

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Cannabis NewsMarch 18, 2024

Michigan Marijuana Business Surrenders Licenses for Mixing Legal and Illicit Products. The Michigan Cannabis Regulatory Agency Thursday announced that a Lansing marijuana business would surrender its medical and adult-use processor licenses because it had been mixing legal and illicit products for

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