Cannabis Daily News
Cannabis Daily News · page 4
- Policy & Regulation
San Francisco to pause taking new cannabis retail business applications
San Francisco to pause taking new cannabis retail business applications MJ Biz Daily reports that San Francisco authorities have placed a moratorium on accepting new applications for cannabis retail business licenses until 2028.
- Adult-Use
New York senate passes bill to let cannabis businesses in New York city take local tax deductions prohibited under federal law
New York senate passes bill to let cannabis businesses in New York city take local tax deductions prohibited under federal law New York’s Senate has approved a bill that would provide tax relief to New York City cannabis businesses, reports Marijuana Moment, noting that, before the passing of the bill, those cannabis businesses were blocked…
- Markets & Stocks
Cannabis operator Canopy Growth to be booted off S&P/TSX Composite Index
Cannabis operator Canopy to be booted off S&P/TSX Composite Index S&P Dow Jones has announced Canopy Growth will be removed from the S&P/TSX Composite Index, reports MJ Biz Daily.
- Adult-Use
Cannabis MSOs set to enter NY adult-use market after policy change
Cannabis MSOs set to enter NY adult-use market after policy change MJ Biz Daily reports that New York will be allowing some of the nation’s largest multi-state operators (MSOs) to enter the expanded market by year’s end.
- Adult-Use
Minnesota governor signs bill legalizing recreational cannabis starting in August
Minnesota governor signs bill legalizing recreational cannabis starting in August Minnesota Democratic Gov.
- Policy & Regulation
Texas bills to decriminalize cannabis and allow cannabis as an opioid alternative for pain patients die in senate
Texas bills to decriminalize cannabis and allow cannabis as an opioid alternative for pain patients die in senate Texas House-passed bills to decriminalize cannabis, facilitate expungements and allow chronic pain patients to access medical cannabis as an opioid alternative are officially dead for the year, reports Marijuana Moment.
- Adult-Use
Unpaid cannabis tax in Canada balloons to almost CA$200 million
Unpaid cannabis tax in Canada balloons to almost CA$200 million Federally licensed cannabis producers owed the Canada Revenue Agency 192.7 million Canadian dollars ($145 million) as of March 31, 2023, a more than threefold increase over the 2021-22 fiscal year’s CA$52.4 million, reports MJ Biz Daily.
- Policy & Regulation
Senator pushes cannabis banking bill amendment to provide industry access to small business administration services
Senator pushes cannabis banking bill amendment to provide industry access to small business administration services Sen.
- Cultivation
Regulators and advocates discuss next steps for marijuana interstate commerce
A top California marijuana official says that the U.S. already has an established interstate cannabis market but it has just been unregulated, reports Marijuana Moment.
- Markets & Stocks
Cannabis stocks tumble after SAFE Banking Act discussed in Senate hearing
Proactive Investors reports that numerous testimonies in favor of the SAFE Banking Act were not enough to push cannabis stocks higher on Thursday.
- Policy & Regulation
Senate holds first hearing on SAFE bill to help marijuana businesses access financing
Senate holds first hearing on bill to help marijuana businesses access financing The US Senate held its first-ever hearing on the SAFE Banking Act yesterday (May 11, 2023), a bill that the country’s cannabis industry sees as critical to its survival.
- Policy & Regulation
Delaware becomes 22nd state to legalize adult-use cannabis, bypassing Governor’s signature
Delaware becomes 22nd state to legalize adult-use cannabis, bypassing Governor’s signature Benzinga reports that Delaware recently enacted two bills which make it the 22nd state to fully legalize recreational cannabis.
