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
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
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
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
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
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,
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
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
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
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,
