Featured Marijuana Business & Cannabis Industry News

Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers

The German federal government will buy at least 650 kilograms (1,433 pounds) of medical cannabis flower from domestic producers for?approximately 1.5 million euros ($1.66 million) per quarter, which sets the average wholesale price at 2.3 euros per gram. The wholesale price implies that the high margins medical marijuana companies once enjoyed in that market could […]

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Hundreds of California marijuana business licenses still suspended and likely going unused

Almost 4% of California’s state marijuana business permits remain suspended weeks after regulators put more than 400 in limbo for not participating in mandatory track-and-trace system training. The number of suspended permits has fallen – but remains sizable. As of Tuesday, 277 out of the 407 permits involved had not received reinstatement to “active” status, […]

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Week in Review: Landmark cannabis vote by US House committee, first MI adult-use licenses, vitamin E acetate vape additive bans & more

A key U.S. House panel makes history by passing a federal cannabis legalization bill, Michigan reveals its first adult-use license winners, two states finalize bans on vitamin E acetate as an additive in vaporizer products and more of the week’s top cannabis news. Panel casts first-ever US House vote to federally legalize MJ In a […]

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License revoked for California cannabis vape maker Kushy Punch after state seizes $21M worth of products

California cannabis regulators have revoked the business license of well-known vaporizer brand Kushy Punch after the company was raided last month and found to be operating from an unlicensed facility. After receiving a complaint about illegal cannabis activity at a location in Canoga Park, California regulators searched the unlicensed facility and seized nearly $21 million […]

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Israel unveils six-month transitional guidelines for medical cannabis exports

Israel’s Medical Cannabis Agency has unveiled transitional guidelines that would approve medical cannabis exports on a case-by-case basis provided local supplies are sufficient to meet patient demand, giving licensed companies a new market to sell their product. The new guidelines, which will be in place for at least six months, were laid out by the […]

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California marijuana taxes will increase New Year’s Day

After having avoided an increase in state taxes on legal marijuana, California officials changed course Thursday and announced MJ excise and cultivation taxes will go up effective Jan. 1. High state and local tax rates have been an industry problem that have made legal businesses less competitive with the illicit market: Unlicensed retailers can lure […]

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Federal prosecutors, industry probe municipal cannabis agreements in Massachusetts

Massachusetts’ mandated “host community agreements” (HCAs) between municipalities and marijuana businesses are under intense scrutiny, with cannabis companies complaining they are unfair and costly and federal prosecutors reportedly investigating their terms. The probe comes in the wake of a cannabis bribery case in Fall River and only a few months after the FBI announced in […]

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US House panel passes federal cannabis legalization bill in historic vote

The U.S. House Judiciary Committee on Wednesday approved a sweeping cannabis reform bill by a vote of 24-10, a milestone moment that moves the multibillion-dollar marijuana industry a step closer to federal legalization. If adopted into law, the social justice-focused Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 could open up huge business opportunities […]

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