Cannabis News Box

Wall Street is no longer screening job applicants for cannabis

Wall Street is no longer screening job applicants for cannabis

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 18, 2020

Newly-hired Wall Street employees no longer need to undergo cannabis drug testing, based on a recent report by Business Insider. The report, which saw reporters consult with officials at seven major banks in New York City, found that THC (tetrahydrocannabinol) testing is not required nowadays; likely due to sweepi...

IRS publicizes updated tax-payment guidance for cannabis companies

IRS publicizes updated tax-payment guidance for cannabis companies

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 18, 2020

An online resources page dedicated to the legal cannabis industry has been published by the Internal Revenue Service (IRS). The primary goal of this cannabis tax payment guidance – which was prompted after the U.S. Department of the Treasury broadcast an April report scolding the IRS for failing to p...

Wildfires pose a major concern for Oregon’s cannabis business owners

Wildfires pose a major concern for Oregon's cannabis business owners

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 18, 2020

Camouflaged in a cloak of smoke, thousands of evacuees recently abandoned their homes in Oregon. Wild fires have continuously ravaged the state's naturally abundant landscape since the Oregon Department of Forestry announced that fire season had ignited on July 5. As a result, Oregon’s cannabis ind...

July’s adult-use cannabis sales revenue boosts economy in Illinois, Maryland and Massachusetts

https://www.marijuana.com/news/2017/12/whoa-cannabis-business-owner-actually-gets-his-seized-assets-back/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

A recent revenue report highlighting Massachusetts, Illinois and Maryland's cannabis sales for the month of July has delivered some fascinating insights. Since October, BDSA – a trusted resource for assessing the cannabis industry and gaining visibility into sales data – has been compiling data for Massachuset...

Arizona’s adult-use cannabis initiative is making headway

Arizona's adult-use cannabis initiative is making headway

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

On Thursday, August 20, a voter initiative to legalize a commercial and regulated adult-use cannabis program in Arizona was approved by the Arizona Supreme Court. The successful ruling means that the proposal will be voted on at the forthcoming November ballot. Pro-pot lobbyists can breathe a sig...

Coronavirus is stimulating a wave of new job opportunities in the U.S. cannabis space

Coronavirus is stimulating a wave of new job opportunities in the U.S. cannabis space

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

In the midst of national economic downturn, the rise of cannabis couldn't have come at a better time. Despite the virus pandemic that has slowed much of the global economy down, medical and adult-use cannabis sales are on-track to reach at least $15 billion in 2020.  This is according to Marijuan...

Adult-use cannabis sales in the U.S. are overshadowing medical cannabis sales

https://www.potnetwork.com/news/michael-krawitz-leaves-no-soldier-behind-executive-director-veterans-medical-cannabis-access

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

The number of medical cannabis markets in the United States may far outweigh recreational programs, but industry revenue updates suggest that adult-use sales will be 30 percent more than medical this year.   According to industry experts responsible for publishing estimates in the eighth edition of ...

Survey suggests that 81 percent of Mississippians back medical cannabis legalization

Survey suggests that 81 percent of Mississippians back medical cannabis legalization

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

A survey recently carried out by FM3 Research – a strategic cannabis industry insight company headquartered in California – has shone some interesting insights on Mississippians' views about legalization. Based on the results of the survey, approximately 81 percent of state voters are in favor...

Oklahoma rakes in 1.5 times more medical cannabis taxes than all of 2019

https://hightimes.com/news/oklahoma-medical-marijuana-moving-toward-november-ballot

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

Excise taxes gleaned through Oklahoma's medical cannabis program this past August have demonstrated a major increase in revenue from the month prior. This is according to the Oklahoma Medical Marijuana Authority (OMMA) which claims that tax revenue for 2020 has already surpassed figures from the entire...

MedMen application for cannabis store license turned down by California officials

https://thecbdvalley.com/wp-content/uploads/2019/03/medmen-696x481.jpg

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 15, 2020

Multistate cannabis operator MedMen Enterprises has been in hot water since the company's top executives faced a $20 million lawsuit last year. In recent news, the Los Angeles-based cannabis MSO has been informed that it cannot obtain a conditional-use permit for the launch of a retail outlet in Pasadena,...

Pakistan celebrates historical moment as industrial cannabis and hemp use gains approval

Pakistan celebrates historical moment as industrial cannabis and hemp use gains approval

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 10, 2020

Pakistan is taking strides towards becoming a rival market for other global cannabis hotspots. Why? Because on September 1, the domestication and commercialization of medicinal and industrial cannabis and hemp was approved. Confirmed in a tweet published by minister for science and technology Fawad Chau...

Colombian lawmakers eye up adult-use legalization, three years after medical market launch

http://www.cannabusiness.com/news/politics-legislation/colombia-to-legalize-medical-cannabis/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 10, 2020

Three years following Colombia's enactment of Decree 613 – a law that legalized the medicinal use of cannabis – lawmakers are happy with the progress in regulating cannabis for medical and scientific purposes countrywide.  Since the law was regulated on April 10, 2017, the rules, conditions ...

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