Canada-based Adastra Holdings faces a proposed class action lawsuit from a shareholder who alleges the marijuana company made “misleading statements about (its) ability to legally sell cocaine.” The notice of civil claim filed March 9 in the Supreme Court of British Columbia also names Adastra CEO Michael Forbes as a defendant. ADVERTISEMENT Forbes did not […]
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Register HERE to attend a free panel of experts directing cannabis operators on how to best combat the forces of recent movements from the IRS. IRS enforcement is increasing and cannabis businesses should be on alert. Cannabis businesses are accounting for and reporting the results of their operations with gross receipts, cost of goods sold […]
The lead GOP Senate sponsor of a marijuana banking bill wants bankers to “unleash and army” of lobbyists on Capitol Hill to push for the passage of the reform legislation through the Senate this Congress. During a speech at the American Bankers Association (ABA) Washington Summit on Tuesday, the senator talked next steps for the […]
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A group of psychedelics activists has formed a political action committee aimed at lobbying Congress to support research into the therapeutic use of compounds including psilocybin, MDMA and ketamine. The new group, dubbed the Psychedelic Medicine PAC, also plans to encourage lawmakers to ease restrictions on the powerful drugs, which have shown promise as potential […]
On March 16, the Tennessee Democratic Caucus demanded that five children taken during a traffic stop by law enforcement be returned to their parents immediately. On February 16, a traffic stop conducted by Tennessee Highway Patrol (THP) pulled over Deonte Williams, Bianca Clayborne, and their five children (a four-month-old infant, and kids ages two, three, […]
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A Kansas state Senate committee on Thursday voted to table a bill to legalize medical marijuana, likely killing the measure for the remainder of the year. The Senate Federal and State Affairs Committee voted to table the measure, Senate Bill 135, after hearing from advocates on both sides of the issue at a pair of […]
For the state of Illinois, a thank you might be in order for its neighbors to the north. A newly released analysis says that Illinois collected millions of dollars in tax revenue from Wisconsin residents who crossed the border to buy legal marijuana. The two Great Lakes states border each other––Wisconsin abutting Illinois to the north––but […]