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The report shows that cannabis tax revenue totals could reach $170,5 million by the third year. Following the introduction of Senate Bill 486, a cannabis legalization bill first introduced two months ago, the Wisconsin Department of Revenue released a fiscal report of the impact of legalization. So

Area 420, one of the largest commercial pot operations in the country, is the backdrop for a legal showdown between its owner and an aspiring marijuana grower. An aspiring recreational marijuana grower who bought land at one of the largest commercial cannabis operations in the country is fighting to

ATB Capital Markets has released the results of its first Cannabis Sentiment Survey which reveals bullish sentiment from investors, but cautious capital allocation. The report revealed that investors are more bullish compared to six months ago, and that MSOs are expected to outperform the S&P 500

Seven years after Pennsylvania legalized marijuana for medical use, lawmakers are debating whether to allow recreational use — and what that would look like. It has created quite a buzz in the evolving industry. “Pennsylvania has a lot of market potential,” said Brendan Mitchel- Chesebro, a

Ohio voters will once again have the chance to legalize adult-use marijuana eight years after a proposed constitutional amendment that would have made it legal was rejected. On Tuesday, November 7, there will be a vote on two ballot issues. One, Issue 1, concerns the right to abortion and

The Colorado market rebound is somewhat all over the map. A longtime Colorado cannabis distributor and deal broker who works with dozens of farms and brands said he expects the cultivation sector in the state to continue shrinking more than it already has this year, but the wholesale market has

New York Office of Cannabis Management Cracks Down on Illicit Cannabis Shops and Supports Distressed Farmers. The New York State Office of Cannabis Management (OCM) took part in the first ever subcommittee hearing on cannabis where concerns were raised over the proliferation of illicit cannabis

Sorting Robotics, a provider of industrial automation solutions in the cannabis sector, has successfully secured $2 million in debt financing. The investment comes from Kiso Capital and Prospeq, who are keen to support the company’s growth initiatives across the cannabis industry’s value chain. The

A Bipartisan Group of 31 Members of Congress Urges DEA to Deschedule Cannabis. In August, the federal Department of Health and Human Services recommended to the Drug Enforcement Administration that cannabis should be moved off Schedule I of the Controlled Substances Act. Last week, a bipartisan

Irish Authorities Seize £3,2 Million Worth of Herbal Cannabis at Dublin Airport. Authorities in the Republic of Ireland have seized herbal cannabis with an estimated value of €3,7M (£3,2M), with the help of drugs dog Maggie. Revenue, the Irish government agency responsible for customs, excise and

This is the first installment of a look at the state of social equity in the US Cannabis industry. Social equity in the marijuana industry has been picking up steam for years now as cannabis prohibition continues to be repealed state-by-state across the United States. Early on the path to

Minnesota’s Office of Cannabis Management (OCM) has announced it has begun rule-making for its new cannabis industry and is seeking public feedback as it begins drafting the new rules. In a bid to create a “safe, accessible, and reliable cannabis industry” the OCM is gathering input from industry

The Biden administration attempted to take a step toward curbing the nationwide fentanyl epidemic Monday by sending a letter to all the educators in the country. The White House is urging American public schools to carry Naloxone, commonly known as NARCAN, to help combat sky-high overdose rates from

While several segments have contracted, cultivators have taken the largest hit. While it’s no secret that California cannabis companies have been struggling for years, it wasn’t until this year that the legal marijuana market actually began to shrink noticeably. Now it’s down by almost 29%

The medical cannabis business in Portugal continues to grow with around 10 tonnes being sold abroad last year, according to Jornal de Notícias. According to the daily newspaper, which cites data from the National Health Service (SNS), last year there was a 63 percent increase in the volume of

Lawmakers in the US House of Representatives last week refiled a bipartisan bill to legalize and regulate marijuana at the national level. The legislation, known as the States Reform Act, was reintroduced by South Carolina Republican Representative Nancy Mace, according to a report from online

It’s been five years since medical marijuana use has been legal in the United Kingdom and new reports reveal that the import of medical cannabis has tripled in volume this year. The need for cannabis as medicine was highlighted by two cases involving children with severe epilepsy. One is Billy

The Palm Springs City Council has approved a 45-day moratorium on new cannabis business licenses while recommendations to limit the growth of the industry are considered. The Palm Springs City Council voted last week to put a temporary moratorium on issuing new cannabis licenses while civic leaders

U-Haul Truck Carrying Marijuana Crashes Into Sierra Madre Fire Department. A U-Haul truck filled with boxes of marijuana crashed into the gates of the Sierra Madre Fire Department’s headquarters after the driver got shot in the arm — prompting his arrest and that of his passenger, authorities said

Missouri Lawmaker Demands Investigation of Cannabis License Applicant Exploitation. State Sen Karla May wrote a letter to the Missouri Division of Cannabis Regulation, following a report by The Independent last week about a company that recruited social equity license applicants on Craigslist. A St