D.C. Operator Pleads Guilty to $1.2M Tax Evasion
Herbal Alternatives II appears to be no more, after its owner pleaded guilty to tax evasion and transferred their license to another entity before fending off a... Read more.
Missouri Revokes Manufacturer’s License After Massive Recall
Regulators in Missouri stripped C&C Manufacturing of its cannabis manufacturer’s license on July 17, following a massive product recall last summer. The revocation... Read more.
Kentucky Launches Medical Cultivation Amid Legal Challenge
Kentucky’s first licensed medical cannabis cultivator is open for business, despite continued pushback over how the state conducted its licensing lotteries last... Read more.
Payroll, Benefits Plans Cause Regulatory Headaches
The cannabis banking dilemma extends much further than simply needing a place to deposit sales revenue. Payroll and benefits plans also need bank accounts, which... Read more.
Arkansas Hemp THC Ban Resurrected by Circuit Court
The Eighth Circuit Court of Appeals overturned a lower federal court’s two-year-old temporary injunction against a state-wide hemp ban, determining that while... Read more.
Federal Court Shuts Down Covid-Era Tax Credit for Cannabis
In yet another example of Covid-era benefits not applying to cannabis companies, a federal court in Washington ruled the Employee Retention Credit (ERC) is not available... Read more.
Minnesota Lottery Chooses 249 Prospective Operators
Minnesota selected 249 prospective adult-use cannabis license winners during its first license lottery on June 5, despite what any email from the state’s Office... Read more.
A Possible Crypto Solution for Cannabis Sales
PDX, a cryptocurrency processor company, is banking on more cannabis consumers and retailers turning toward crypto to get around e-payment barriers. “The cannabis... Read more.
4Front to Enter Voluntary Receivership
4Front Ventures Corp. (FFNTF), whose cannabis businesses once spanned nine states, is now planning to hand the company over to a court-appointed receiver to sell... Read more.
Market Saturation May Narrow NY Retail Pipeline
The Office of Cannabis Management (OCM) said it will likely have to limit possible approvals for applicants who have already been waiting about a year-and-a-half... Read more.
