Taxes and fees are revenue-raising devices to fund government; therefore, one key aspect of cannabis taxation is to collect revenues off the privilege to sell and consume marijuana. Legalization of marijuana has allowed state and local governments to do just that. As of 2018, twenty-nine states and the District... Read more
The U.S. Drug Enforcement Administration has taken some cannabidiol off the most restrictive class of controlled substances, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval. The agency announced Thursday that drugs including “finished dosage formulations” of CBD with THC below 0.1%... Read more
Virginia named its first five CBD-only medical cannabis business licensees – three of them multistate operators. Virginia’s Board of Pharmacy reviewed 51 applicants to produce CBD products in five areas of the state. The winning applicants are called “pharmaceutical processors” and must grow, process and sell the products at one location,... Read more
What can we provide that can help you in your cannabis business? NCIA’s member-driven Marketing & Advertising Committee is focused on developing best practices in cannabis industry marketing; opening dialogues with major media outlets that ban most or all cannabis-related advertising; holding in-person or virtual educational events for NCIA... Read more
by Gary Cohen, Cova Software Reading headlines about the cannabis industry, one might get the impression that cannabis business owners are all cashing out big. And while there are many success stories, high startup costs, ranging between $250,000 to $750,000, make the financial reality of opening a dispensary difficult... Read more
by Michelle Rutter, NCIA Government Relations Manager Last week, we explained the appropriations process and detailed how Congress allocates federal funds (click here for a quick refresh). This week, we’ll take a look at how exactly cannabis fits into the equation, and why it matters. By 2001, California, Oregon,... Read more
(This is an abridged version of a column that appears in the September issue of Marijuana Business Magazine.) Hemp is in an economic fast lane, with new ventures starting every day. So, it may seem odd to say modern entrepreneurs should consider 19th century railroads. But those railroad magnates faced... Read more
NCIA recently spoke with two key figures in the state of Michigan to get an update from the boots on the ground about the efforts to legalize cannabis for adults this year. Mark Passerini is the founder of a medical dispensary based in Ann Arbor, Om of Medicine, and... Read more
NCIA is excited to launch our newly-designed website which includes an enhanced member directory feature and more. Visitors to our site will find all the content they are looking for more easily, with a robust home page that features news, blogs, videos, podcasts, industry reports, and more. Finding the... Read more
A Colorado-based grocer backed by national chain Kroger has removed CBD products from one of its stores in Wyoming after warnings from police. Lucky’s Market – a Boulder, Colorado, company that partners with Cincinnati-based Kroger – and Jackson Whole Grocer & Cafe took the CBD off their shelves in... Read more
