Deep in Gov. Gavin Newsom’s new budget is a figure that says a lot about California’s shaky legal marijuana market: The state is expecting a lot less cash from cannabis taxes.
Pot News
More than six years after the state legalized the adult use of marijuana, Washington Gov. Jay Inslee said Friday he plans to pardon thousands of people convicted of small-time possession charges — the latest in a series of moves by states and cities to ease the burdens people face from having minor criminal records for using pot.
Clark County Commissioners on Tuesday are expected to broach another contentious marijuana-related matter: Expungements of misdemeanor convictions.
Nevada marijuana tax revenues top $31 million in first four months of fiscal year; more than 45 percent of projections for the full year already collected.
In a nation increasingly embracing legal cannabis, California stands out as the country’s biggest pot shop.
The Clark County Commission continues to wrestle with the idea of recreation-only marijuana dispensaries.
The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market.
A few cannabis companies are reaping riches after the latest Nevada dispensary licensing round.
SALT LAKE CITY — Utah Gov. Gary Herbert has signed into law a compromise agreement that guaranteed legalization of medical marijuana but has sparked concern that it creates too many hurdles for patients trying to access the drug.
September marked the end of the first quarter of the fiscal year, bringing year-to-date collections to $23.48 million, a 77 percent increase year over year.
The city of Las Vegas voted 6-0 Wednesday, with Mayor Carolyn Goodman abstaining, to approve a bill allowing a store to open if it only has a recreational license.
Cannabis banker Sundie Seefried is drowning in a sea of paperwork. And that — she told a Las Vegas audience — is why her financial institution and other banks have to charge high fees to work with marijuana companies.
The three-day MJBizCon conference kicked off Wednesday morning at the Las Vegas Convention Center with speeches by executives at leading North American cannabis companies.
Combined taxes on wholesale and recreational marijuana sales generated $8.1 million in August, beating out July’s monthly record of $7.9 million.
The deal is the largest ever in the Nevada marijuana industry and creates the state’s biggest dispensary operator by locations. Green Thumb will now operate five dispensaries in Nevada, including the only one on the Strip.
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