Deals

Deputy Attorney General Rod Rosenstein admitted to the Senate Appropriations committee earlier this week that the United States could see some changes in the way the Justice Department deals with enforcement issues in areas of legal marijuana. On Tuesday, Senator …

Cigarette wholesalers in Massachusetts are trying to cleverly persuade state officials to let them in on the business of marijuana when recreational pot sales launch in 2018. According to a report from the Boston Globe, the companies responsible for handling …

One of the thorniest problems facing cannabis companies is the fact that all banks are federally prohibited from dealing with funds connected to the sale of an illegal drug. Because of this, cannabis startups must deal with sales, payrolls, taxes, …

It seems the United States government will now be forced to adhere to more sensible policies when it comes to how it seizes the property of people convicted of drug-related crimes. On Monday, the Supreme Court handed down a unanimous …

As cannabis legalization sweeps across North America, many underserved communities are trying to get their foot in the door of this increasingly lucrative industry. From Canada to California, indigenous people have been vying to legally produce and sell marijuana on tribal lands.   …

On Friday, Gov. Sandoval signed Senate Bill 375 and Senate Bill 396, allowing Nevada’s Native American tribal government to directly negotiate with the state over the use and sale of medicinal cannabis on tribal lands, and expanding the state’s hemp …

On Wednesday afternoon, Nevada’s Gov. Brian Sandoval vetoed two pieces of legislation that would have allowed for the creation of a medical marijuana apprenticeship program and the inclusion of opioid addiction as a qualifying condition for the state’s medical marijuana program. Additionally, legislation authorizing the Governor’s office “to negotiate with tribal governments” on the use and sale of marijuana on tribal land is expected to be signed later today.
According to the Las Vegas Sun, Gov.

The sale of marijuana concentrates in the Evergreen State has exploded since October 2014, according to some new research.
The primary focus of the Washington State study was “To (1) assess trends and variation in the market share of product types and potency sold in a legal cannabis retail market, and (2) estimate how potency and purchase quantity influence price variation for cannabis flower.”
For their research, the Society for the Study of Addiction (SSA) performed a “Secondary analysis of publicly available data from Washington State’s cannabis traceability system spanning July 7, 2014 to September 30, 2016.

Summonses from the Internal Revenue Service have given federal tax agents access to Colorado’s seed-to-sale cannabis tracking system, and the businesses responsible for those plants are not pleased.

According to the Denver Post, the IRS has been sifting through the state’s marijuana database in an effort to ensure that Colorado’s ganjapreneurs aren’t claiming deductions on profits made from what is still a federally scheduled narcotic.

Without the tracking data, the IRS would have to rely on canna-businesses admitting that they’re breaking federal law to deny deductions, understandably, that’s not likely to happen.

Ohio Supreme Court Justice says it’s time to decriminalize marijuana, Justice O’Neill, a democrat holding an Ohio statewide office, said making marijuana legal is working in Colorado and doing it in Ohio would bring hundreds of millions of dollars in sales taxes.  O’Neill also announced earlier this year that he’s considering stepping down and making a run for governor, but he doesn’t plan on making a decision until the end of the year.According to U.S. News:“The time has come for new thinking,” O’Neill said in his prepared remarks.