Business

Banking for marijuana companies included in Congress’ new $3 trillion coronavirus stimulus bill

The HEROES Act is likely to pass the Democratic-controlled House, but faces an uphill battle in the GOP-controlled Senate

Cannabis industry advocates applauded House Democrats on Tuesday after a new $3 trillion federal stimulus bill included provisions to allow marijuana businesses access to banking.

Despite budding cannabis market, insurance still lags behind

According to a new report by New Dawn Risk, there are only six large insurers currently offering cannabis coverage.

Support for cannabis legalization in the United States has steadily risen since 1989, and many states have altered their stance on the matter in recent years. Although 32 states have legalized cannabis for medical or recreational use

Aurora Cannabis and Tilray set to detail hoarding of marijuana during COVID-19

Data suggests that consumers stocked up on pot at end of March, but the surge likely didn’t continue into April

Large cannabis companies Aurora Cannabis Inc. and Tilray Inc. are set to report earnings this week, providing more detail on how the COVID-19 pandemic is affecting pot sales and the companies making the product.

Maine drops residency requirement for recreational marijuana businesses

The state reached an agreement with a marijuana company Monday that eliminates the rule that would have required applicants to have lived in Maine for 4 years.

You no longer have to be a Maine resident to open a recreational marijuana business in Maine.

The state and Wellness Connection of Maine reached a legal agreement Monday stipulating that the Office of Marijuana Policy will no longer enforce a residency requirement on those seeking an adult-use cannabis business license.

Cannabis employees are in high demand during economic crash

Coronavirus hasn’t kept some cannabis companies down: They’re staffing up even as unemployment in many other sectors soars.

Weed businesses around the country that were in strong financial shape heading into the pandemic are hiring additional workers in response to robust demand for marijuana products. Almost all states have allowed pot shops to remain open, even though vast swaths of the retail economy have been shuttered for weeks.

California Unveils State-Certified Organic Cannabis Plan

The California Department of Food and Agriculture has unveiled its proposal for certifying organic cannabis products where the federal government, due to prohibition, cannot.

Regulators in the California Department of Food and Agriculture have unveiled their OCal program, which will label organically grown cannabis products in a market scorned by federal regulators.

Oklahoma Medical Marijuana Sales Hit New Monthly Record

Tax data shows that April was by far the liveliest month for legal sales of the drug in the state's history.

Oklahoma medical marijuana patients are confined mostly to their homes as are most of us, but it seems they're not letting that get in the way of buying their green medicine.

According to state tax data obtained by The Oklahoman, in April, dispensaries remitted nearly $9.8 million in taxes to Oklahoma, shattering the previous monthly record of $7.8 million. The latter high, incidentally, was set in March.