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Illinois Cannabis Sales Resume Upward Trajectory
The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million...
To Re-Legalize or Not to Re-Legalize: Nepal Will Soon Decide
The world is aflutter with changing cannabis regulations. The Americas are certainly pretty green, and Europe is opening up more and more as well, including legalization measures (or the direct plans for one) in Malta, and Switzerland, and tons more getting close,...
New York Lawmakers Approve Bill To Authorize Safe Drug Consumption Sites In Committee
A New York Assembly committee on Tuesday advanced a bill to establish a statewide safe consumption site program, allowing regulators to authorize facilities where people could use currently illicit drugs in a medically supervised environment. The legislation from...
Michigan Broke Marijuana Sales Record In April, State Data Shows
Michigan broke a marijuana sales record in April, with nearly $200 million in cannabis purchases, state data shows. The state saw about $168 million in recreational marijuana sales and $27 million for medical cannabis, for a total of nearly $195 million. Andrew...
From Sheet Metal to Beef, Cannabis Draws Diverse Lobbying Interests
It would be a mistake to think that the shifting cannabis landscape has implications for the cannabis industry alone. Certain ripple effects are obvious. Insurance, law, and banking entities have for years lobbied on cannabis-related issues, as Cannabis Wire has...
How States are Using their Marijuana Tax Money
Reddit Email 0 Shares There are now eighteen states (plus the District of Columbia) that have legalized recreational marijuana. With weed sales reaching $25 billion in 2021 and that number only expected to grow, the sales tax revenue from the product is starting to...
Navisite is expanding into cannabis industry, will enhance SAP services for various aspects of industry
Navisite, a managed cloud service provider that renders integrated business management computer systems designed to model and automate the different areas of a company and the administration of its resources (SAP services), announced Tuesday that it is expanding its...
Cannabis crime wave boosts banking prospects on Capitol Hill
All three men were shot during confirmed or suspected robberies of cannabis shops. Industry officials and state lawmakers say crimes against those businesses have increased in recent years due to the large amount of cash they are often required to keep on hand since...
IRS Official Addresses Marijuana Industry’s Financial Challenges And Congressional Solutions
The Internal Revenue Service’s (IRS) Taxpayer Advocate is reminding people of the unique financial challenges that state-legal marijuana businesses face under federal prohibition. In a blog post published on Tuesday, the independent agency under IRS explained that...
Another Financial Association Pushes Senate To Pass Marijuana Banking Reform
Another financial association is imploring Senate leadership to pass a bipartisan bill to safeguard banks that work with state-legal marijuana businesses. The Independent Community Bankers of America (ICBA), which represents about 50,000 community banks throughout the...
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