New Jersey Gov. Phil Murphy is expected to sign two bills before New Year’s Day that will give birth to a new recreational marijuana industry in the Garden State and decriminalize the possession of up to six ounces of cannabis. The bills, which received strong bipartisan support in the state Assembly and Senate, will initially create 37 […]
marijuana industry
Mobilizing marijuana: Israel’s cannabis industry prepares to go legit
Israel’s budding cannabis industry has set its sights on expanding its manufacturing, production and export capabilities, as the country prepares to legalize recreational marijuana in the coming months. Hagit Weinstock is an attorney specializing in cannabis regulation who co-founded the Tel Aviv-based Weinstock-Zehavi & Co. law firm. She sits on a number of government committees […]
How Black businesspeople were left out of Washington’s green gold rush after marijuana was legalized
The news spread like wildfire: Basketball legend Shawn Kemp would break barriers by opening a Seattle cannabis retail store. The October news release proclaimed Kemp’s Cannabis would be the city’s first Black-owned retail cannabis store. But much like racial equity in the cannabis industry in general, the reality was much murkier. The company later walked back its […]
Has Colorado’s Marijuana Industry Reached Adulthood?
Colorado’s pot industry has finally grown up, according to a new report commissioned by the state Marijuana Enforcement Division. The MED hired the Marijuana Industry Group and the University of Colorado Leeds School of Business to compile a report on the state of the green market in 2019, analyzing data connected to marijuana sales, supply, consumers, pricing and other industry […]
IRS Sweetens The Pot With New Marijuana Industry Web Page
Not sure that things are changing in the tax and legal worlds? Here’s proof that it is: The Internal Revenue Service (IRS) has released a new marijuana business webpage to help business owners understand and meet their tax responsibilities. That’s right. Marijuana. Webpage. At IRS.gov. You can find it here. The IRS says that it “understands […]
Companies Making CBD Gummies, Vapes, and Lube Got Millions In Bailout Loans
The Trump administration has doled out millions in forgivable emergency loans to companies selling CBD gummies, oils and vape cartridges, despite blocking state-legal marijuana dispensaries from accessing those same rescue funds. At least three specialty CBD vendors scored a total of over $4 million in federal loans in April, according to Securities and Exchange Commission […]
In win for local control, Michigan Supreme Court sides with township in marijuana case
The state Supreme Court said that a municipality can enforce zoning laws for medical-marijuana growers. The court reversed a Kent County judge’s ruling, upheld by the state Court of Appeals, that Michigan’s medical marijuana law pre-empted local laws. It was a legal victory for local control when it comes to zoning of Michigan’s relatively young […]
Feds Try To Undermine California’s Legal Marijuana Industry Via Selective Prosecution Of Advertising Companies
Although California’s Proposition 64, the “Control, Regulate and Tax Adult Use of Marijuana Act” which legalized the sale of recreational marijuana, won by an overwhelming victory four years ago (Yes 7,979,041 = 57.13% vs No 5,987,020 = 42.87%) it was — and still is — opposed by law enforcement in rural areas, some urban localities, […]
Cannabis In Colorado Isn’t Like A Normal Business. The Challenges Of Coronavirus Really Drive That Home
In about two hours, Denver Mayor Michael Hancock taught public officials a valuable lesson about the meaning of the word “essential.” When he announced the city’s stay-at-home order on March 23, Hancock said recreational marijuana dispensaries, as well as liquor stores, would not rise to the level of “essential.” The Denver residents who quickly formed long […]
Marijuana industry tested in virus crisis
The unofficial holiday celebrating all things cannabis arrives Monday as the nation’s emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals. It was supposed to be a long weekend of festivals and music culminating on April 20, or 4/20, the code […]
