Marijuana Business News

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Wed
14
Apr

Considering Opportunities for the Upcoming Federal Taxation of Cannabis

The change in the presidential administration has focused cannabis businesses on the potential for legalization nationwide.

Running parallel to full federal legalization will be a corresponding regulatory and taxation scheme replacing the current regime of IRC §280E which prohibits anything but the cost of goods sold being deducted from a state licensed cannabis operation’s income statement. 

The evolution of the federal taxation of cannabis started with the Marijuana Tax Act of 1937, which applied tax to marijuana used for medicine.

Historians and critics alike maligned this legislation as an attempt to stop the use of cannabis rather than tax it.

Wed
14
Apr

Why is temperature control important to the cannabis industry?

Why is temperature control important to the cannabis industry?

When it comes to extraction, the name of the game is purity.

For the ultimate in cannabis product, short-path distillation is what the extraction industry turns to for the best possible results.

Distillation, chromatography, and re-distilling the product for purification can remove a lot of inactive compounds that serve no therapeutic purpose. 

It takes sophisticated, highly-calibrated components to allow companies to reach the level of purity that short-path distillation can obtain.

Wed
14
Apr

Uber would add home delivery of marijuana as part of its business

More and more cities and countries are leaning towards the decriminalization and legalization of cannabis , which opens up many business possibilities. Uber does not plan to be left behind and is already considering adding home delivery of marijuana to its portfolio of services.

Dara Khosrowshahi , CEO of Uber , said the company could deliver cannabis through its private transportation network. This as soon as the federal regulation in the United States is approved and depending on how the legislation is.

Wed
14
Apr

Finally, Hemp For Idaho?

The decades-long struggle to reintroduce industrial hemp cultivation to Idaho may soon be over.

Idaho is the only remaining U.S. state where hemp continues to be illegal, but perhaps not for long. While a 2019 effort to legalize hemp failed after heavy criticism by police and prosecutors, Idaho’s Senate last week voted 30-5 in favour of a subsequent bill. HB 126, the bill for the Industrial Hemp Research and Development Act, had already previously been passed in the House.

The Idaho Farm Bureau welcomed the Senate vote.

Wed
14
Apr

Study: California’s licensed cannabis shops aren’t selling to minors

California’s licensed marijuana shops are doing an excellent job at preventing sales to minors, according to a first-of-its-kind study commissioned by the Insurance Institute for Highway Safety.

That means the industry is living up to a key promise advocates made when voters legalized cannabis for adults 21 and older nearly five years ago.

‚ÄúLicensed marijuana retailers are clearly keen to follow the rules,‚ÄĚ said Angela Eichelberger, a research scientist with the Insurance Institute who authored the report with University of Chicago and University of Minnesota experts. ‚ÄúThey‚Äôre aware that the industry hasn‚Äôt won everybody over yet, and they don‚Äôt want to get shut down.‚ÄĚ

Wed
14
Apr

Cannabis Packaging Waste Is A Problem. A California Dispensary Is Addressing It

A California dispensary is calling attention to the environmental impact of cannabis packaging waste with a campaign that encourages customers to help recycle some of the industry’s plastic into diesel fuel. And to thank the company’s clientele for its support, customers who bring in plastic packaging from cannabis products into Airfield Supply Co. of San Jose, California will get a special reward for their trouble.

Wed
14
Apr

Swap the crop? New York hemp farmers eager to grow marijuana

Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline.

Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year once retail sales start.

They already know how to grow and process cannabis plants, since hemp is essentially the same plant with lower levels of THC, marijuana's active ingredient.

Now they're waiting on rules that will allow them to switch seeds.

Tue
13
Apr

3 Best Marijuana Stocks to Buy in April

This month just might be the best time in a long time to buy cannabis stocks. Why? Much of the initial excitement about the increased prospects of significant U.S. cannabis reform has waned. With the Biden administration focused on other priorities, some investors could even be despairing that anything will be done.

However, changes that would benefit the cannabis industry are still likely on the way. Other factors are already at work that should also provide momentum. But not all pot stocks are in as good of a position to win as others. Here are my picks for the three best marijuana stocks to buy in April.

Tue
13
Apr

We Can Do A Better Job Reducing the Cannabis Industry's Carbon Footprint

The term ‚Äúcarbon footprint‚ÄĚ has been used alongside phrases such as global warming, climate change, melting ice caps, rising sea levels and endangered species for some time now. What would be surprising to many people is to hear the term associated with a remedy as natural as the cannabis plant. However, with legalization rapidly spreading across the globe, the demand for cannabis products has only continued to grow. And while billions of dollars in cannabis sales add to the economy, growing cannabis can come with the heavy price of exponentially increasing our carbon footprint.

Tue
13
Apr

Thailand‚Äôs ‚Äėfather‚Äô of cannabis wants small-time growers to be part of medical marijuana industry

When Aram Limsakul‚Äôs son and daughter came down with dengue fever two years ago, he gave the children, then aged five and four, a vaporiser to inhale the smoke from his own home-grown marijuana. Within a few days, ‚Äútheir fever reduced, they stopped vomiting and ate for the first time in days‚ÄĚ, he said.

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