Feds Allege $60M Industry Ponzi Scheme and Shut Down WeedGenics
WASHINGTON – Two individuals behind the company WeedGenics are accused of running a Ponzi scheme and spending tens of millions of dollars on luxury...
Cannabis Trademarks May Require a Tobacco Disguise
ALEXANDRIA, Va. – A recent federal ruling indicates cannabis accessory manufacturers seeking trademark protection will need to show their products’ value to tobacco users.
In...
House Welcomes, Senate Warms Up to New SAFE Banking Act
WASHINGTON D.C. – Congressmembers are sending positive signals about a modified version of a federal banking bill that would benefit the cannabis industry. The...
Looking at 420 by the Numbers
It’s beginning to look like the Christmas of cannabis retail in 2023 was both larger and smaller, better and worse than we’ve seen before....
Bipartisan Bill to Save Businesses from 280E Introduced in House
WASHINGTON, D.C. – Bipartisan federal legislation reintroduced this week could provide desperately needed tax relief for state-legal cannabis businesses.
Rep. Earl Blumenauer’s (D-OR) Small Business...
Former MI House Speaker Pleads Guilty in Cannabis Bribery Scheme
LANSING, Mich. – Federal prosecutors charged former Michigan House Speaker Rick Johnson, a Republican, and three others in a public corruption scheme related to...
SEC Charges Oregon Cultivator and Others with Financial Crimes
WASHINGTON D.C. - The Securities and Exchange Commission (SEC) has charged American Patriot Brands Inc. (APB), its chief executive officer, and five other entities...
New York’s Retail Bottleneck Could Fuel a $7.2B Illicit Market
NEW YORK CITY – Illicit operators in New York are expected to capture $7.2 billion in untaxed revenue by 2030, according to a new...
Raphael Mechoulam, ‘Father of Cannabinoid Research,’ 1930-2023
JERUSALEM – Raphael Mechoulam, PhD, a professor and researcher at Hebrew University School of Pharmacy, passed away in Jerusalem in early March. He was...
The Cannabis-Tobacco Worm Turns
WASHINGTON – More Americans now support cannabis legalization than tobacco legality, according to two recent polls. That’s quite a turnaround for both tobacco, which...
