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The Scarlet Ledger
The legal cannabis industry in the United States is expected to generate between $31 billion and $34 billion in revenue during 2024 and $87 billion by 2035. Yet, a Whitney Economics study to be released later this year discovered only 27.3 percent of licensed businesses nationwide are profitable. That’s an improvement over the 24.7 percent that reported profitability in...
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Kamala Harris Wants to Legalize Cannabis at the Federal Level
WASHINGTON D.C. – Cannabis could become federally legal if Vice President Kamala Harris has her way. The Democratic presidential nominee said she’ll work with...
Unease at Eaze: Company to Shut Down after 10 Years
SAN FRANCISCO – Once known as “the Uber of Weed” and valued at $700 million, delivery-service-cum-multistate-dispensary-operator Eaze is winding down operations and will close...
Be Bold. Be Strategic. Be Profitable.
When budgets must be trimmed, marketing expenses often are the first to go. Largely, that’s because it’s notoriously difficult to attribute any kind of...
These Seeds Will Replace Clones
Genetics company Phylos Bioscience is raising the cultivation bar with its latest proprietary seed varieties, set for release in October. The company’s F1 hybrid...
IRS Attorney: There Is No End Run Around 280E
DENVER – Cannabis companies underpaying or withholding taxes based on presumed nullification of Internal Revenue Code Section 280E after rescheduling are setting themselves up...
Cannabis on the Ballot Expected to Draw Millions of Voters
WASHINGTON D.C. – Roughly 81 million eligible voters failed to participate in the 2020 election, but with hot-button issues like cannabis and abortion on...
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