California regulators announced on Thursday that taxes paid by the state’s licensed cannabis business will increase on New Year’s Day, despite calls to ease the burden on an industry struggling to compete with a thriving illicit market. In a special notice from the California Department of Tax and Fee... Read more
The federal government is prepared to help fund states’ efforts to combat opioid addiction—but medical marijuana won’t be a part of it. The Substance Abuse and Mental Health Services Administration (SAMHSA), an agency within the Department of Health and Human Services, said that it is barring money from several... Read more
After a year of legal cannabis, Massachusetts is taking stock. Numbers released by the state’s Department of Revenue and its Cannabis Control Commission summed up the first phase of the regulated cannabis industry, announcing that the state’s 33 dispensaries had raked in a total of nearly $400 million in... Read more
Harborside Inc. Announces Third Quarter 2019 Results – Third quarter 2019 revenue of $14.1 million, an increase of 22% over last year OAKLAND, CA and TORONTO, Nov. 22, 2019 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR) today reported financial results for the three and nine months... Read more
Pot for pooches? It could happen in New Mexico, where activists are lobbying to expand the state’s medical marijuana program to cover ailing dogs. The Associated Press is reporting that the New Mexico Medical Cannabis Advisory Board will take up a pair of petitions at its meeting next month... Read more
Robert Crumb’s original “Stoned Agin!” artwork is going up for bid for the first time ever in Heritage Auctions’ Comics & Comic Art Auction Nov. 21-24 in Dallas, Texas. Crumb’s groundbreaking release of the first issue of Zap Comix in 1967, predating the premiere issue of High Times, included illustrated instructions informing readers... Read more
A new North Dakota program to expunge the records of low-level cannabis offenders has seen few takers so far, leading state officials wondering how to better get the word out. Under the program, offenders with convictions for minor marijuana crimes can receive a pardon and have their records cleared... Read more
After months of grappling with how best to address the health costs of vaping, Massachusetts lawmakers have opted to ban the sweet (and minty) stuff. On Thursday, members of the state’s House of Representatives voted to prohibit the sale of flavored tobacco and vape products. The vote was handed... Read more
Now that Democrats have won control of both chambers of the Virginia General Assembly, cannabis is back in the conversation. Democrat lawmakers have already formed the Virginia Cannabis Caucus and some have already announced plans to file legalization proposals in the legislative session that begins in January. But Democrats... Read more
iAnthus Reports Fiscal Third Quarter 2019 Financial Results Pro-Forma Revenues of $30.9 million¹, 23% Growth over Second Quarter Reported revenues of $22.3 million, up 16% from the prior quarter Pro-forma revenues were $30.9 million¹, up 23% from the prior quarter Retail revenues increased 28% from the second quarter, driven... Read more
