Business

Minnesota’s First Year of Hemp Sales Brings in Nearly $10M

Minnesota’s First Year of Hemp Sales Brings in Nearly $10M

By / July 8, 2024 /

Minnesota’s Hemp Industry: A $130 Million Business in Its First Year of Tax Collections Nearly a year into collecting taxes from Minnesota’s burgeoning hemp industry, new data reveals that the…

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Potential Tax Deductions for Cannabis Companies Without 280E

Potential Tax Deductions for Cannabis Companies Without 280E

By / July 5, 2024 /

Potential Rescheduling of Cannabis Could Revolutionize Industry Finances The cannabis industry has long been constrained by Section 280E of the Internal Revenue Code, which prohibits companies dealing with substances classified…

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4Front Appoints Co-Founder Krane as Board Chair

4Front Appoints Co-Founder Krane as Board Chair

By / July 5, 2024 /

Leadership Transition at 4Front Ventures Arizona-based 4Front Ventures, a vertically integrated cannabis multistate operator, has announced the promotion of Kris Krane to the position of board chair. Krane succeeds Robert…

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Eight Iowa Companies Sue State Over Hemp Cannabinoids Law

Eight Iowa Companies Sue State Over Hemp Cannabinoids Law

By / July 5, 2024 /

Second Group of Companies Sues Iowa Over New Hemp Law Limiting THC Levels A second group of companies is suing the State of Iowa over a new hemp law that…

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Controversy Erupts Over Bill to Regulate Hemp Industry

Controversy Erupts Over Bill to Regulate Hemp Industry

By / July 5, 2024 /

New Bill on Governor Murphy’s Desk Could Transform New Jersey’s Hemp Market Big changes may be on the horizon for New Jersey’s hemp market. A bill currently awaiting Governor Phil…

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Ex-Trooper Turned Cannabis Grower Seeks Action on Fake Weed

Ex-Trooper Turned Cannabis Grower Seeks Action on Fake Weed

By / July 5, 2024 /

Former Highway Patrol Leader Says Cannabis Posing as Hemp Breaks Existing Laws Alan Welsh wasn’t just any cop; he was a significant figure in law enforcement. After an illustrious career…

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New Law Permits Breweries to Sell Hemp THC-Infused Drinks

New Law Permits Breweries to Sell Hemp THC-Infused Drinks

By / July 5, 2024 /

Headflyer Brewing in Northeast Minneapolis Now Serving Hemp-Derived THC-Infused Drinks on Tap In an exciting development for cannabis enthusiasts, Headflyer Brewing in northeast Minneapolis is now serving hemp-derived, THC-infused drinks…

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Silly Nice Cannabis Lights Up 47 New York Cities This 4th of July

Silly Nice Cannabis Lights Up 47 New York Cities This 4th of July

By / July 3, 2024 /

As the 4th of July Approaches, Silly Nice Cannabis Products Light Up New York As the 4th of July approaches, residents of New York are gearing up to celebrate with…

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Maryland Hits $1.1 Billion in First Year of Legal Cannabis Sales

Maryland Hits $1.1 Billion in First Year of Legal Cannabis Sales

By / July 3, 2024 /

Maryland’s Adult-Use Cannabis Market Surpasses $1.1 Billion in Sales Since Maryland’s adult-use cannabis market launched in July of last year for sales, licensed retailers have sold more than $1.1 billion…

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California's Cannabis Sales Slump Bypasses Certain Areas

California’s Cannabis Sales Slump Bypasses Certain Areas

By / July 3, 2024 /

While Overall Cannabis Sales Have Been Falling in California, Some Areas are Breaking the Trend by Growing Transaction Dollars While overall cannabis sales have been declining in California since early…

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Exploring the Link: Can Cannabis Use Lower Diabetes Risk?

Exploring the Link: Can Cannabis Use Lower Diabetes Risk?

By / July 3, 2024 /

The Complex Connection: How Cannabis Could Impact Diabetes and Overall Health Cannabis users may have a “healthier inflammatory cytokine profile, better insulin sensitivity, and higher levels of physical activity than…

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Court Denies New Bid to Dismiss Medical Cannabis Case

Court Denies New Bid to Dismiss Medical Cannabis Case

By / July 3, 2024 /

The Most Meaningful Action Taken by Anderson Was to Deny the AMCC’s Motion to Dismiss the Lawsuit Some drastic options were on the table for consideration Tuesday in the court…

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