10 Tips to Get Investors into your Cannabis Business
Investment is of major importance for any cannabis entrepreneur. The cannabis industry has seen a major improvement over the last few years in terms of legality and sales. Cannabis has started to gain wider acceptance and has been legalized in a growing number of states, nations, and other jurisdictions for both medicinal and recreational use.
The UN voted to remove cannabis from list of harmful substances
In what is a huge step forward for the normalization of medical cannabis and the cannabis market overall: the UN just removed cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs.
How Federal Cannabis Legalization Affects Your State?
The MORE Act has –finally- been set for vote in the following days, after initially been set for September but pushed back due to COVID-19. The MORE Act, seeks to decriminalize marijuana at a federal level, expunge the records of people with prior marijuana convictions, and impose a federal five percent tax on cannabis sales, revenue that […]
Cannabis Lawsuits Signaling a Maturing Market?
One of the main aspects of a healthy market is the ability to mobilize the justice system to protect your business. In this sense, are cannabis lawsuits signalling a maturing market? Recently, Benzinga reported that a CBD Chain could sue Visa for “terrorizing” its business. Reportedly, MNG 2005, Inc. a Missouri-based CBD chain was […]
Germany Rejected Marijuana Legalization
Recently, Germany rejected marijuana legalization, proposed in the “German Cannabis Control Bill” by the initiative of the German Green Party. The bill proposed the removal of cannabis from the list of Scheduled drugs on its Narcotics Act (the Betäubungsmittelgesetz or BtMG), and to regulate cannabis in a similar way to alcohol, with adults from 18 […]
South Dakota Law Officers Sue to Overturn Cannabis Legalization
Pennington County Sheriff Kevin Thom and South Dakota Highway Patrol Superintendent Rick Miller filed a lawsuit against marijuana legalization in South Dakota on Friday. With this lawsuit, they challenge the constitutional amendment recently passed by South Dakota voters that established the legalization of recreational marijuana in the state. South Dakota Constitutional Amendment A was passed […]
Texas Lawmakers Push To Legalize Marijuana
With the state’s budget taking a big hit from the pandemic, Democratic lawmakers took the opportunity to present their proposals to have Texas join the growing list of new states that have legalized marijuana.
The MORE Act – Analysis of its implications
Recently, in an emailed statement, House Majority Leader Steny Hoyer promised that the House would vote on the MORE Act in December, after postponing the MORE Act vote that was supposed to take place on September 21 indefinitely. At the time, it was reported that moderate Democrats expressed concern about voting on the MORE Act […]
Illinois Cannabis Licenses Delayed Until Spring 2021
Litigation surrounding Illinois first cohort of 75 cannabis dispensary licenses should be a warning for any state that has cannabis legalization plans, or election results to deal with. Illinois Dispensary License Applications are months behind schedule, with no end in sight. The five new legal states do not have to turn into a logjam of litigation that stalls […]
Illinois Turns Down $100 Million in Cannabis Tax Money
A memo created by the Cannabis business Association of Illinois has created a memo citing 135 million dollars of lost revenue because the state will not allow the licensed retail cannabis shops to relocate their dispensaries. This report included lost revenue from over 13 dual-use licenses that require both medical and recreational cannabis to be sold. Governor […]
