Legislators in Virginia advanced two marijuana bills that would establish adult-use sales in 2024 and allow licensed businesses to take tax deductions prohibited under federal tax code. The bills face an upward climb in a divided Legislature led by Republican Gov. Glenn Youngkin, who appears to be lukewarm about expanding Virginia’s medical marijuana program into […]
A top Wisconsin legislator is pumping the brakes on the governor’s plans to legalize both medical and recreational cannabis in the state, claiming legislators are still in the early stages of discussing the possibility of legalizing MMJ. Assembly Speaker Robin Vos told the Milwaukee Journal Sentinel that if the state budget proposed by Democratic Gov. […]
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Sen. Cory Booker (D-NJ) says that ongoing marijuana banking issues under prohibition amount to a “cannabis crisis,” and while he thinks there’s still a shot to enact reform with Republicans in control of the House, he’s underscoring the challenges of the new political dynamic on Capitol Hill. Advocates and stakeholders remain frustrated that Congress was […]
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Calgary, Alberta-based High Tide lost 52.5 million Canadian dollars ($38 million) in its quarter ended Oct. 31, driven largely by noncash impairment charges of CA$48.6 million related to e-commerce platforms. Excluding the impairment charge, loss from operations amounted to CA$5.3 million for the quarter, more than double the CA$2.1 million loss in the same quarter […]
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Yet another Minnesota House committee has approved a marijuana legalization bill, with several more to go in both chambers before potentially reaching the floor. Lawmakers have been moving quickly on the legislation being sponsored by Rep. Zack Stephenson (D) and Sen. Lindsey Port (D) in their respective chambers in recent weeks, and the House State […]