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Virginia GOP Lawmakers Begin Forming Plans For Marijuana Sales Launch
GOP lawmakers in the Virginia House of Delegates are taking their first stab at legislation to open the retail marijuana market, introducing bills that would lower the tax rate on sales and redirect proposed social equity funding to school infrastructure. But...
NY Medical Cannabis Tax Lowered
According to the NJ Herald, The New Jersey sales tax on medical marijuana will be cut to 4% on July 1, down from 6.625%. The tax cut is the first step in a three-year tax phase-out plan that was a key part of last year’s Jake Honig Compassionate Use Medical Cannabis...
The grass grows greener: Annual sales of legal marijuana hit $13 billion nationwide
Reports show that the sales of legal marijuana are surpassing money spent on common items like toothpaste. The Marijuana Business Fact Book shows that the "total marijuana sales now exceed the NBA’s annual U.S. revenue and, by 2024, could surpass Americans’ annual...
The Cannabis Tax Experiment
More and more state lawmakers across the United States are considering opening new, legal cannabis markets. With the new market system, legislators are also looking at new tax systems to help support and develop industry standards. The Process of tracking and...
Trulieve Bucks the Cannabis Trend
Some of the biggest cannabis companies are struggling to stay relevant with overall debt in the industry ballooning and many companies finding overall slow revenue growth. Despite the downward profit trends and current economic hardship, Trulieve Cannabis...
Canopy Growth targets new market with cannabis beverage strategy
Canopy Growth Corp. is looking toward the new product market within the cannabis beverage industry. The company’s cannabis drinks are part of a strategy to attract new cannabis consumers substitutes for alcoholic beverages. Currently, Canopy’s early sales of beverages...
Green Check Verified Is Connecting the Cannabis Industry to Compliant Banking Services
Green Check Verified has worked to form a bridge between the cannabis industry and financial services. The company is working to address the banking crisis in the cannabis business. Green Check helps licensed cannabis companies open bank accounts by contracting with...
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