With the stroke of a pen by a Superior Court judge in California, nearly 26,000 people with felony marijuana convictions on their records had them reduced to less onerous misdemeanor convictions last month. In addition, some 1,000 people with misdemeanor marijuana convictions had those cases completely dismissed. The moves... Read more
(Editor’s note: This column is part of a recurring series of commentaries from professionals connected to the hemp industry. Andrew M. Rosner and Kaelan Castetter are vice presidents of the New York State Cannabis Growers and Processors Association.) Government officials nationwide are talking about banning the sale of hemp... Read more
Hemp-derived CBD giant Charlotte’s Web Holdings is positioning itself to enter THC and marijuana markets. The Boulder, Colorado, company says it has signed a five-year, $8 million purchase agreement option with a marijuana company started by its founders, Stanley Brothers USA Holdings Inc. The deal allows Charlotte’s Web to... Read more
Solar-powered vehicles built from hemp are being reserved from an automaker in San Diego, which expects to go into production by the end of 2021. Aptera Motors, a startup, high-efficiency vehicle manufacturer, has developed a three-wheeled vehicle that can transport two people, and uses a solar array that can... Read more
California adults can smoke marijuana without fear of going to jail, but using it after hours can still have consequences at work. A new bill in the Legislature aims to end a still common employment practice five years after Californians voted to legalize recreational cannabis in which private companies... Read more
by Daria Nagal, CPA, EA, at Red Eye CPA California dispensary sales tax seems easy. After all, what can be difficult about sales tax? However, the cannabis sales tax formula is extremely confusing and contradictory. Cannabis accountants argue with cannabis attorneys about interpreting the CDTFA and California Code of... Read more
Plus Products Inc. Announces Debentureholder Approval of Debenture Amendments SAN MATEO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a cannabis and hemp branded products company in the U.S., is pleased to announce today that, further to its press... Read more
Indus Holdings, Inc. Announces The Acquisition Of Lowell Herb Co. The Combined Company Will Operate Under The New Name: Lowell Farms Inc. Pending Exchange Approval, The Company Will Continue To Trade On The Cse Under The Ticker “LOWL” SALINAS, Calif., February 25, 2021 – Indus Holdings, Inc. (“Indus” or... Read more
by Ryan Douglas, founder of Ryan Douglas Cultivation In thriving cannabis markets, demand exceeds supply. For successful cultivation businesses, expansion is the logical next step — either through organic growth or the acquisition of operational cultivation assets. Before moving forward with an expansion project, entrepreneurs should carefully determine when... Read more
