Monthly Archives: March 2024

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Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients

Medical marijuana patients would be permitted to grow up to 16 cannabis plants at home under a bill now pending in the state legislature. If approved, patients and caregivers would be able to grow twice the number of plants allowed under the state’s recreational marijuana legalization law, which went into effect on August 1 of

2024-03-27T10:16:12+00:00March 27th, 2024|Cannabis, Feed|Comments Off on Minnesota Bill Doubles Home Grow Plant Count for MMJ Patients

Cannabis Cultivator Fees Waived in New York Until 2026

The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this recent progress to help struggling cultivators. “Farmers are the backbone of our State, and we’re making sure the family farms across New York that are building our cannabis industry

2024-03-27T10:16:13+00:00March 27th, 2024|Cannabis, Feed|Comments Off on Cannabis Cultivator Fees Waived in New York Until 2026

Diddy’s Homes Raided by Homeland Security as Feds Close in on Alleged Human Trafficking Crimes

Monday was not a good day for billionaire Sean “Diddy” Combs—once one of the most highly respected producers in hip-hop and one of the most successful Black entrepreneurs to enter the game—as feds from multiple agencies raided two of his homes in Los Angeles and Miami.  Two of Diddy’s homes were raided as part of

2024-03-26T16:16:12+00:00March 26th, 2024|Cannabis, Feed|Comments Off on Diddy’s Homes Raided by Homeland Security as Feds Close in on Alleged Human Trafficking Crimes

2024 U.S. Cannabis Sales Projected To Exceed $31 Billion

Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research.  The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and adult-use cannabis will total $31.4

2024-03-26T10:16:10+00:00March 26th, 2024|Cannabis, Feed|Comments Off on 2024 U.S. Cannabis Sales Projected To Exceed $31 Billion

Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%

A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for products like candy and soda, as well as services such as pet care and grooming, but most importantly, adding a 100% tax to CBD

2024-03-26T10:16:09+00:00March 26th, 2024|Cannabis, Feed|Comments Off on Nebraska Bill Aims To Increase Taxes on CBD, Hemp Products by 100%

Switzerland Shares First Data on ‘ZüriCan’ Adult-Use Cannabis Pilot Study

European countries are gradually turning their attention toward cannabis reform as medical and adult-use cannabis steadily become the new status quo in states around the U.S. While Germany gears up to launch its adult-use program next month, Switzerland has embraced an alternative approach in the form of an adult-use cannabis pilot program. Earlier in March,

2024-03-26T10:16:08+00:00March 26th, 2024|Cannabis, Feed|Comments Off on Switzerland Shares First Data on ‘ZüriCan’ Adult-Use Cannabis Pilot Study

How Monarch is Helping Cannabis Businesses With Their Tax Challenges

For newly legal cannabis companies, tax compliance often feels like wandering through a dense jungle filled with pitfalls. Complex regulations, high tax rates, and the IRS 280E provision result in maze-like accounting needs. Without the right guidance, missteps can lead to major fines, lawsuits, or even the closure of your cannabis business. Fortunately, with the

2024-07-30T20:01:09+00:00March 25th, 2024|Cannabis, Technology|Comments Off on How Monarch is Helping Cannabis Businesses With Their Tax Challenges

False Dosage Labels on 96% of Tested Amazon Hemp Products, Many With No Hemp or CBD

In the midst of blossoming cannabis and CBD reform throughout the West, hemp-derived cannabinoid products are increasingly taking center stage as legislators continue to raise red flags surrounding the lack of regulation and intoxicating potential of these products. Just in the past several months, a number of states have moved to introduce new policies to

2024-03-25T10:16:11+00:00March 25th, 2024|Cannabis, Feed|Comments Off on False Dosage Labels on 96% of Tested Amazon Hemp Products, Many With No Hemp or CBD

Former Mayor, Assemblyman Opens New Jersey Dispensary

Former Medford, New Jersey mayor and former New Jersey General Assemblyman Scott Rudder is opening a dispensary in Riverside in his home state. Riverside, a suburb in the greater Philadelphia-Camden area, is a prime location for growth in the cannabis sector. Rudder, who is Republican, founded the New Jersey CannaBusiness Association in 2016, a leading

2024-03-25T10:16:11+00:00March 25th, 2024|Cannabis, Feed|Comments Off on Former Mayor, Assemblyman Opens New Jersey Dispensary

Germany Approves Cannabis Reform Plan: Possession Legal April 1

The German government last week adopted a bill to end the prohibition of cannabis for adults that will make possession and home cultivation of weed legal in Europe’s most populous nation as of April 1. The legislation, which also allows for the establishment of cannabis clubs, was given final approval on Friday in the Bundesrat,

2024-03-25T10:16:12+00:00March 25th, 2024|Cannabis, Feed|Comments Off on Germany Approves Cannabis Reform Plan: Possession Legal April 1
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