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Medical Cannabis Commission aims to issue licenses this year after adopting new rules

Medical Cannabis Commission aims to issue licenses this year after adopting new rules

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Cannabis NewsOctober 13, 2023

Alabama Medical Cannabis Commission Adopts New Rules to Expedite Licensing Process. The Alabama Medical Cannabis Commission on Thursday adopted a new set of emergency rules that members hope will see licenses to grow and sell medical marijuana issued by the end of the year. Adopted during an AMCC

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New Marijuana breathalyzer aims to detect workplace Cannabis use

New Marijuana breathalyzer aims to detect workplace Cannabis use

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Cannabis NewsOctober 12, 2023

There’s a new device hitting the market aimed at cracking down on cannabis use during work hours. Created by Hound Labs, the Hound Cannabis Breathalyzer is considered the first breath test to isolate recent cannabis use. Traditional drug tests can detect THC in your system, but it can’t tell you if

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US Cannabis reforms could send pot stocks higher

US Cannabis reforms could send pot stocks higher

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Cannabis NewsOctober 12, 2023

Although cannabis remains illegal in the US federally, there are now 23 states where adult-use cannabis has been legalized. Ohio and Pennsylvania are the next states expected to allow adult-use cannabis, while Florida could do so in two to three years, one analyst says. Potential reforms to cannabis

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Cornell University receives $2.3M for Hemp Research

Cornell University receives $2.3M for Hemp Research

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Cannabis NewsOctober 20, 2023

The Foundation for Food & Agriculture Research’s (FFAR) Hemp Research Consortium has provided two grants totaling $1,170,000 to Cornell University for hemp research. The 2018 Farm Bill has limited hemp growing in the country as it restricted activities to certain varieties of hemp cultivated in

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Minnesota's THC beverage market moves beyond seltzers

Minnesota's THC beverage market moves beyond seltzers

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Cannabis NewsOctober 17, 2023

Beyond Seltzers: THC Beverage Makers Explore Innovative Products. As the hemp-derived THC beverage market becomes saturated with seltzers, local makers are finding other drinks to mix THC with — from coffee and kombucha to soda and mushroom elixirs. Why it matters: Whether fruity or flavored with

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Trulieve Files for $143 Million Tax Refund

Trulieve Files for $143 Million Tax Refund

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Cannabis NewsOctober 16, 2023

Trulieve Cannabis Corp has filed amended federal tax returns with refund claims of $143 million for several of its business entities for the years 2019, 2020, and 2021. Trulieve has stated that it believes it does not owe the money, however, there is no guarantee of receipt. The determination is

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Lawsuit could stop Marijuana tax stacking, making Cannabis cheaper

Lawsuit could stop Marijuana tax stacking, making Cannabis cheaper

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Cannabis NewsOctober 11, 2023

Marijuana prices in St. Louis County could soon be cheaper. That’s if a new lawsuit is successful. FOX 2’s partners at the St. Louis Post-Dispatch reported that a dispensary in Florissant is accusing St. Louis County and the Department of Revenue of unconstitutionally collecting a 3% sales tax on

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Tilray's Cannabis Business Leads the Way as Losses Narrow

Tilray's Cannabis Business Leads the Way as Losses Narrow

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Cannabis NewsOctober 5, 2023

Tilray just delivered record quarterly revenue but fell short of Wall Street's earnings estimates. Here's what investors need to know. Tilray stock is down modestly on Wednesday after the company's latest fiscal quarterly earnings technically fell short of Wall Street's expectations. But there was

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Tilray Q1 Cannabis Revenue increases 9% sequentially

Tilray Q1 Cannabis Revenue increases 9% sequentially

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Cannabis NewsOctober 4, 2023

Tilray Brands Reports Q1 Fiscal Year 2024 Financial Results. NEW YORK and LEAMINGTON, Ontario, — Tilray Brands, Inc. a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its first quarter fiscal year 2024 ended August 31, 2023. All financial

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Aurora and Curaleaf Cannabis companies each close Multi-Million Dollar funding deals

Aurora and Curaleaf Cannabis companies each close Multi-Million Dollar funding deals

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Cannabis NewsOctober 4, 2023

Two cannabis giants each closed their respective funding deals on Tuesday. Canadian Aurora Cannabis Inc. closed its previously announced bought deal offering of 53,187,500 common shares of the company at CA$0.73 per offered security for aggregate gross proceeds to Aurora of approximately CA$38,826

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Legal details can make or break Cannabis startups

Legal details can make or break Cannabis startups

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Cannabis NewsOctober 2, 2023

The streets may not necessarily be paved with gold for cannabis entrepreneurs, but they are filled with regulations. Danielle Jurema Lederman is an attorney in Worcester law firm Bowditch & Dewey’s employment & labor practice area. She represents employers in all stages of mediation, arbitration

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SAFER Banking act gains momentum

SAFER Banking act gains momentum

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Cannabis NewsSeptember 29, 2023

The bill has gained support from Arizona Senator Kyrsten Sinema and Attorney General Kris Mayes. The Secure And Fair Enforcement Regulation (SAFER) Banking Act is making headway in Congress after passing the Senate Banking Committee this week. Now, attorneys general across the country are calling

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Pot companies cheer as Senate committee advances Cannabis finance reforms

Pot companies cheer as Senate committee advances Cannabis finance reforms

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Cannabis NewsSeptember 28, 2023

Canada's Cannabis industry cheers US 'milestone'. Canadian cannabis companies and their investors cheered a Senate committee's decision Wednesday to push forward with measures designed to ease federal financing restrictions on their U.S. counterparts. WASHINGTON - Canadian cannabis companies and

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Mysterious Pot proposal called ‘evil genius’ by critics

Mysterious Pot proposal called ‘evil genius’ by critics

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Cannabis NewsSeptember 27, 2023

A cannabis tax proposal is rocking the quaint Bay Area town of Sausalito, with controversy swirling around a proposed 4% tax on all marijuana sales. The city council doesn’t seem to want the new tax, the residents say it’s a bad idea, and the local pot companies say it would destroy their

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Legal Cannabis labels inflate THC potency contained in products

Legal Cannabis labels inflate THC potency contained in products

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Cannabis NewsSeptember 26, 2023

Your pot may not be as strong as you think it is. Cannabis producers and testing laboratories say that many labels on legal dried cannabis misrepresent the amount of THC and CBD actually contained in the dried flower, and often overstate both. Studies by two labs and a cannabis producer show that

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Senators Introduce Revised Marijuana Banking Bill

Senators Introduce Revised Marijuana Banking Bill

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Cannabis NewsSeptember 22, 2023

A bipartisan group of senators on Wednesday introduced a newly revised bill to give state-legal cannabis companies access to business banking services. Dubbed the Secure and Fair Enforcement Regulation (SAFER) Banking Act, the legislation is sponsored by Democratic Sen. Jeff Merkley of Oregon and

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Lawmakers want to ban delta-8 but not the Hemp industry

Lawmakers want to ban delta-8 but not the Hemp industry

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Cannabis NewsSeptember 21, 2023

Tuesday’s discussion of bill drafts related to controlled substance law revisions in Wyoming showed state lawmakers never intended to shut down the hemp industry. Rather, they seek to criminalize cannabis products containing synthetic delta-8. Legislators on the Joint Judiciary Committee had a bill

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Oklahoma lawmakers hope to see state’s industrial hemp market grow

Oklahoma lawmakers hope to see state’s industrial hemp market grow

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Cannabis NewsSeptember 21, 2023

Oklahoma Considers Industrial Hemp as Key to Rural Economic Expansion. Industrial hemp could be used to expand the economy of rural Oklahoma and as a core ingredient in products such as biofuels, plastics, batteries and cloth, a legislative panel was told this week. Speaking at a state Senate

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Multi-Million Dollar scam shakes Cannabis Market

Multi-Million Dollar scam shakes Cannabis Market

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Cannabis NewsSeptember 21, 2023

How This Texas CEO Lied To Investors. A Texas manufacturer of hemp CBD inhalers allegedly attempted to scam investors out of millions of dollars between April 2020 and May 2023, How? According to a lawsuit filed in Texas on Sept.18 by the Securities and Exchange Commission (SEC), the company's

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NY’s testing failures expose legal Weed consumers to unsafe Cannabis

NY’s testing failures expose legal Weed consumers to unsafe Cannabis

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Cannabis NewsSeptember 20, 2023

New York's Cannabis Industry Faces Systemic Public Health Failures, Investigation Reveals. A NY Cannabis Insider investigation has uncovered systemic public health failures at every level of the state’s legal cannabis industry, from farmers to labs to state regulators, that experts say may pose a

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