Ascend Wellness CEO was highest paid cannabis chief executive in 2023.
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Category: Business
Washington state lawmakers weigh cannabis event consumption proposal
The bill has drawn opposition from the Washington Association of Sheriffs and Police Chiefs.
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New Jersey has yet to spend $6 million in cannabis taxes earmarked for social equity
The fee that funds the program was just increased to $2.50 per ounce of flower.
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Cannara extends BMO credit line to 2027, adds new financing
The Canadian cannabis producer strengthened its financial footing as it grows its operations.
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Michigan’s largest cannabis company looks to tap hemp-derived THC market
Lume Cannabis launched a new company in Florida to capture a portion of the national intoxicating hemp market.
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FDA clears DeFloria’s cannabis-based autism treatment for phase 2 trial
DeFloria’s cannabinoid drug advances through the regulatory pipeline as the company targets growing ASD market.
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New tax provision a potential ‘life saver’ for small cannabis companies
Small cannabis operators may be able to offset their 280E burden through federal tax provision 471(c).
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Eaze Cannabis workers secure union contract after corporate turmoil, pay cuts
The new agreement includes retroactive raises following company restructuring that slashed employee wages.
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Michigan to distribute nearly $100M in cannabis tax revenue to municipalities, tribes
While Detroit will receive the largest share, Monroe Township will receive enough to cover roughly 20% of its annual budget.
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BC Bud Corp. to pivot from cannabis, change name to Digital Commodities
The firm will shift its focus to digital assets, cryptocurrencies and resource companies while maintaining its existing cannabis operations.
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