With Cover Of Rescheduling, MSOs Already Trying To Seize 280E Tax Savings
Publicly traded cannabis companies are looking to their tax returns to save tens of million of dollars this year – and possibly recoup taxes paid in previous years. Another spate of announcements from multistate operators that have begun amending their federal returns...
DEA: Average THC Potency Of Illicit Marijuana Flower Is 16 Percent
The 16% potency is an increase of 29% from 2021, according to the DEA. “The potency of THC in leafy marijuana is at an all-time high, increasing the potential risk of negative effects on users of any form of the drug, and on children who may consume edibles made with...
Poll: Majority Of Americans Have Tried Marijuana And Say It Should Be Legal
Most adults acknowledge having consumed cannabis and six in ten say that the substance should be legal nationwide, according to survey data provided by YouGov. Fifty-seven percent of respondents said that they had consumed cannabis during their lifetimes. Of...
Cannabis Vertical C3 Industries Gets $16M Investment For Grow In Connecticut
C3 Industries, a milti-state cannabis company headquartered in Ann Arbor, has received a $16 million investment in a grow facility in Connecticut. C3 also has operations in Illinois, Michigan, Missouri, Massachusetts and New Jersey. The investment was made by New Lake...
Fifth Dispo In Port Huron Gets Permit Approval
The fifth marijuana shop in Port Huron may be moving forward with plans to open just off Military Street on the southern edge of the city’s downtown. Portage Acquisitions LLC was one of seven entities awarded a host of provisional recreational and medical licenses...
SNDL Continues Skymint Purchase Despite Litigation
Canadian cannabis company SNDL Inc. (NASDAQ: SNDL) said May 1 its affiliate, SunStream USA, will proceed with the acquisition of equity stakes in U.S. multistate operators Parallel and Skymint, even as legal battles remain over the targeted acquisitions. SNDL said its...
Marijuana Taxes Funding 50-Acre Park With Swim Area In Jackson County Township
New playground equipment, kayak rentals, a swim area and little league playing fields are potential amenities that could be coming to a new Leoni Township park through marijuana tax funds. In December, the Leoni Township Board of Trustees purchased more than 50-acres...
Twenty Publicly Traded Cannabis Companies Lost More Than $2B In 2023 Despite Generating Nearly $9B In Revenue
Twenty of the largest publicly traded marijuana companies in the U.S. lost a cumulative $2.3 billion last year, and only one of them turned a profit. That’s despite the group as a whole pulling in more than $8.7 billion in revenues, according to analysis of public...
Marijuana Edibles, Vape Pens In Michigan Schools Prompt Calls For Reform
Six years after Michigan voters chose to legalize recreational marijuana, some education leaders are calling on the state to do more to combat use in schools. There's been an "alarming" rise in student consumption of pot edibles and use of vape pens, Detroit...
Next Cannabis Regulatory Agency’s Statewide Municipal Summit May 14
In response to the positive feedback from the Cannabis Regulatory Agency (CRA) ‘s statewide municipality summits and in keeping with its commitment to transparent communication with stakeholders, the CRA has announced the date and time for its next statewide municipal...
