A year after legalization, social equity remains a pipe dream. CHICAGO — Illinois’ coffers have enjoyed a boost in tax revenue approaching the amount generated by booze sales thanks to the year that recreational marijuana has been legal there. But that success is dampened by the fact that the... Read more
Only after completing a pricey drug rehabilitation program was she legally eligible to receive custody, on top of serving three years of probation. Her husband, now deceased, was also charged and sentenced to drug court. Three-and-a-half years into his sentence, he died while fulfilling the intense requirements of the... Read more
After two years of false starts, could 2021 be the year that New York finally legalizes marijuana? All the stars seem to be aligned: Governor Cuomo and leaders in the legislature have endorsed legalization, voters elected a historically progressive state legislature, and neighboring New Jersey voted for legalization last November. The question for New York,... Read more
Flower One Announces Changes to the Board of Directors and Executive Management, Initial Debt Restructuring and the Initial Closing of over US$10 million and up to US$25 million in Convertible Debenture Financing LAS VEGAS & TORONTO-January 27, 2021-(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE)... Read more
Delaware could bring in $43 million a year in revenue if it legalizes and taxes marijuana, according to a report Monday from the state auditor. The report estimated 13% of adults in the state would consume marijuana based on data from the Substance Abuse and Mental Health Services Administration and assumed a 20% tax on... Read more
Governor Jared Polis wants to see $5 million put in a new state fund intended to advance marijuana industry involvement among communities impacted by the War on Drugs, with the majority of that money going toward small grants and low-interest loans. The proposal for the Cannabis Advance Program (renamed from... Read more
Despite a global pandemic that uprooted businesses around the world, the U.S. cannabis market showed no signs of slowing down in 2020, as we had predicted a year ago. Through lockdowns and mask mandates, the industry innovated how consumers purchase cannabis. Brands grew nationwide thanks to increased SPAC involvement... Read more
