Judge won’t force Colorado cannabis regulator to halt alleged ‘inversion’
A Colorado judge has declined to impose new requirements on the state’s cannabis regulator to suss out illicit-market products being sold by licensed marijuana stores.
Marijuana cultivation, manufacturing licenses up for grabs in Minnesota lottery
Minnesota will take the next step in launching its adult-use marijuana market when the state holds lotteries on June 5 for cultivation, manufacturing and mezzobusiness licenses.
Cannabis businesses using employee stock ownership plans to skirt 280E
Employee stock ownership plans are a financial tool that cannabis businesses in some states have been taking advantage of since about 2023.
US Supreme Court rejects challenge to Mississippi’s marijuana advertising ban
Advertisements by state-licensed medical marijuana businesses in Mississippi don’t enjoy First Amendment free-speech protections.
Cannabis operator Red White & Bloom restructures debt
Canada-based cannabis multistate operator Red White & Bloom Brands has restructured about 145 million Canadian dollars ($105 million) of issued outstanding debt as part of a larger debt-renewal program.
US hemp production grows 40% in 2024, reaching $445 million in value
U.S. hemp production surged in 2024, according to a recent report released by the U.S. Department of Agriculture’s National Agricultural Statistics Service.
California tax agency confirms it will raise cannabis excise rate to 19% on July 1
Despite the concerns of California’s regulated marijuana industry and lawmakers, the state’s tax agency says it will carry through on plans to increase the cannabis excise tax rate from 15% to 19% on July 1.
