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Cannabis Excise-Tax Revenue Fell Again in Q2 2023
SUITLAND, Md. – The U.S. Census Bureau’s latest quarterly cannabis excise-tax revenue data from 2023’s second quarter showed a nearly 10-percent drop in total...
Hundreds of Cannabis Business Licenses Won’t Fix New York’s Problem
ALBANY, NY – The State of New York opened a licensing window on Wednesday, making hundreds of new adult-use licenses available to current and...
Hightimes, Adam Levin Settle with SEC Over Securities Fraud Scheme
WASHINGTON – Financially troubled Hightimes Holding Corporation, publisher of iconic High Times magazine, has agreed to pay the U.S. Securities and Exchange Commission (SEC) more...
Senate Takes Long-Awaited Step Toward Cannabis Banking Reform
WASHINGTON – The cannabis-friendly Secure and Fair Enforcement Regulation (SAFER) Banking Act is on its way to a floor vote in the Senate after...
Analysis: Eliminating 280E Could Save 12 MSOs $700 Million Annually
NEW YORK – The twelve largest operators in the cannabis industry would save a combined total of $700 million annually if Internal Revenue Code...
Trulieve Alleges Employees, Vendors Engaged in Racketeering: Lawsuit
SCOTTSDALE, Ariz. – Trulieve Cannabis Corp. is suing two of its former Arizona purchasing managers, five other employees, and three vendors, accusing the group...
A DEA Judge Tried to Reschedule Cannabis 35 Years Ago
WASHINGTON – In 1988, a federal judge brashly ruled against the Reagan administration’s drug policy and declared cannabis fit for medical use. The controversial...
U.S. Health Officials Recommend Schedule III for Cannabis
WASHINGTON – The U.S. Department of Health and Human Services (HHS) has recommended reclassifying cannabis from Schedule I to a less restrictive Schedule III...
As the Lawsuits Turn: A Tale of Two Catalyst Cannabis Cases
Et tu, counselor?
That might have been the thought running through the mind of Elliot Lewis, chief executive officer of Catalyst Cannabis, when he filed...
Unleashing the Mighty Power of Intellectual Property
After Atlanta pharmacist Dr. John Pemberton invented the recipe for Coca-Cola in 1886, sales for the first year totaled about $50. Two years later,...