The Business of Cannabis

Michigan Prepares To Harness Free Market To Boost Social Equity Cannabis Business Ownership

Feb 28, 2021 | Feature, Great Lakes Region, Michigan

The State of Michigan is on the verge of implementing the Solomonic solution for cannabis social equity that leverages the free market. Last month, the state’s Marijuana Regulatory Agency proposed creating the Michigan Marijuana Market, “a crowdfunding platform...

Idaho Senate Approves Constitutional Ban On Marijuana

Feb 28, 2021 | National

The Idaho Senate has passed a resolution that bans the production, sale, and possession of cannabis in the state. The decision is in sharp contrast to what lawmakers and voters are doing in other states. If passed by the Idaho House of Representatives by a...

MRA Reminds Applicants of Upcoming License Eligibility Changes

Feb 26, 2021 | Feature, Great Lakes Region, Michigan

The Marijuana Regulatory Agency (MRA) today issued a reminder that, beginning March 1, 2021, applicants are no longer required to hold an active medical marijuana license to be eligible for the following adult-use licenses: Marijuana Retailer, Marijuana Processor,...

California Marijuana Companies Face More State Tax Audits, Facing Millions Of Dollars In Unpaid Taxes

Feb 26, 2021 | Michigan

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, many companies might...

Wrigley Chewing Gum Heir To Take Cannabis MSO Parallel Public Via $1.9 Billion Deal

Feb 25, 2021 | National

Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take the cannabis multistate operator public through a transaction that values the company at $1.9 billion. Ceres Acquisition...