Marijuana Business News

Cannabis legalization in the UK could generate $4.38 to $12.6 billion in annual tax revenue, according to a report by advocacy group CLEAR. The United Kingdom could generate between $4.38 billion and $12.6 billion annually in tax revenue by legalizing and regulating cannabis for adult use, according

TerrAscend Corp. cannabis company announced that it has completed the second and final draw of $26 million as part of its $140 million senior secured term loan. The loan, managed by FocusGrowth Asset Management, LP, was initially announced in August 2024. The new funds were used to pay down higher

Despite pouring millions into the push for adult-use cannabis legalization, Florida's cannabis market is showing signs of strain. According to a recent report from Beacon Securities, financial backing for the legalization campaign has surged, yet dispensary sales have slipped during the third

As consumers embrace pesticide-free food for its health and taste benefits, Autumn Brands is bringing similar clean practices to cannabis. The women-owned, family-operated company based in Santa Barbara California is setting new standards in sustainable, pesticide-free cultivation. Co-founded by

Drive along the highway and you'll see plenty of big, attention-grabbing billboards with bright colors advertising Rhode Island's few licensed cannabis retailers. But go inside one of those stores and you'll be met with a sea of neutral colors: white, gray or black. Occasionally, there's navy blue

Medical marijuana patients in Illinois can now purchase cannabis grown by small businesses as part of their allotment, according to Erin Johnson, the state’s Cannabis Regulation Oversight Officer. Illinois boasts the “most diverse cannabis business ownership” in the country, at least according to

The state panel that regulates Vermont’s cannabis industry voted Wednesday to temporarily stop accepting applications for new retail licenses, a move that comes amid growing concerns the market has become oversaturated in some cities and towns. The decision, which is set to take effect Oct. 25

Members of the hemp industry—including Cheech and Chong's cannabis company—filed a lawsuit on Tuesday seeking to overturn new California regulations that outlaw most consumable hemp products in the state, including those containing any intoxicating cannabinoids derived from the plant. The suit says

Cannabis companies underpaying or withholding taxes based on presumed nullification of Internal Revenue Code Section 280E after rescheduling are setting themselves up for costly disappointment and the potential for asset seizure, according to an attorney at the Internal Revenue Service (IRS). Senior

Cannabis retailers may want to reconsider their merchandise mix and sales approaches in light of a new multigenerational survey of cannabis consumers. Conducted by Sanctuary Wellness in May and released this week, the survey’s data reveals a stark divide between age-related demographics. According

Al Harrington’s Village Dispensary focuses on empowering communities impacted by prohibition. For NBA star turned cannabis entrepreneur Al Harrington, the opening of Village Dispensary in Hoboken, New Jersey, represents much more than just business expansion. It’s part of a mission to rectify

Products containing Delta-8 THC may be leading to an increase in calls to poison control centers, according to a recent study. A recent study published in the Journal of Medical Toxicology (1), titled, “Delta-8 Tetrahydrocannabinol Exposures Reported to US Poison Centers: Variations Among US States