Business

California Awards $46M to Grantees from Annual Cannabis Tax Revenue Fund

By / June 5, 2024 /

The California Governor’s Office of Business and Economic Development (GO-Biz) has announced a new round of community investments funded by cannabis tax revenue. On May 31, GO-Biz revealed that for…

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Daily Cannabis Use in the US Increases 15-Fold Over Three Decades

By / June 5, 2024 /

In a significant shift over the past three decades, self-reported daily or near-daily cannabis use in the United States has surged from 0.9 million individuals in 1992 to a staggering…

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Alcohol Industry Urges Congress to Regulate, Not Ban, Consumable Hemp Products

By / June 5, 2024 /

WSWA Appeals to Congress A major alcohol industry association, Wine & Spirits Wholesalers of America (WSWA), is urging congressional leaders to establish a regulatory framework for hemp-based intoxicating cannabinoids rather…

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Wana’s Nancy Whiteman Reflects on 14 Years of Cannabis Business Insights

By / June 4, 2024 /

Wana Brands CEO Nancy Whiteman Shares Key Learnings from 14 Years in the Cannabis Industry Boulder, CO, June 4, 2024 — Nancy Whiteman, the founder and outgoing CEO of Wana…

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Canopy Growth Exercises Option to Acquire U.S. Cannabis Operator Acreage

By / June 4, 2024 /

Canopy Growth Corp. Exercises Option to Acquire Acreage Holdings Toronto, ON, June 4, 2024 — Canadian cannabis giant Canopy Growth Corp. has exercised its option to acquire U.S. multistate operator…

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California Allocates Over $40 Million in Cannabis Tax Funds to Nonprofits and Health Agencies

By / June 4, 2024 /

California Awards Over $41 Million in Community Reinvestment Grants from Marijuana Tax Revenue Sacramento, CA, June 4, 2024 — California officials have announced the latest recipients of community reinvestment grants…

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Senators Renew Effort to Secure SBA Loans and Resources for Cannabis Industry

By / June 4, 2024 /

Democratic Senators Push for SBA Access for Cannabis Small Businesses Washington, D.C., June 4, 2024 — A coalition of Democratic senators is urging a key Senate committee to include provisions…

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Organizers Clarify Role of Recreational Cannabis at Ohio Cannabis Festival

By / May 31, 2024 /

The Stargazer Cannabis Festival in Meigs County, Ohio, is gearing up for its first year, promising “three days of love and weed” from July 26 to 28. Despite legal challenges…

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Executives Re-Enact Boston Tea Party in Protest of Cannabis Tax Rule

By / May 31, 2024 /

On Wednesday, executives from Massachusetts-based cannabis company MariMed dressed in colonial garb and boarded a ship in Boston Harbor to protest IRS rule 280E, which taxes regulated marijuana companies at…

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Meg Sanders: Cannabis Industry Faces Widespread Struggles

By / May 31, 2024 /

Meg Sanders, CEO of Canna Provisions, recently appeared on the Cannabis Equipment News podcast to discuss the regulatory hurdles facing the cannabis industry. She highlighted the difficulties of working with…

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New Cannabis Shop Opens in Historic Albany KeyBank Branch

By / May 31, 2024 /

Albany’s Lark Street has welcomed a new addition to its vibrant neighborhood with the opening of a marijuana shop, Hold Up Roll Up. Owners are hopeful that the store will…

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Canopy CEO Admits Frustration with Slow U.S. Cannabis Legalization

By / May 31, 2024 /

In a candid interview with BNN Bloomberg on Thursday, David Klein, the Chief Executive Officer of Canopy Growth, expressed his diminishing optimism regarding the speed of U.S. federal cannabis legalization.…

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