businesses

A steadily growing number of banks are willing to open accounts for marijuana businesses, according to new federal data. Even as a string of conflicting signals from the Trump administration surrounds the debate about legalization with uncertainty, the number of depository institutions that...

Within months of Arkansans' November 2016 vote to legalize medical marijuana, Texarkana set rules–and a price–for cannabis businesses in the city. In July, the Board of Directors fast-tracked and approved an ordinance setting fees for dispensaries that will sell medical marijuana, and...

Until firestorms overtook the North Bay in October, cannabis had been the business story of 2017. Voters legalized adult-use cannabis in November 2016 and opened the door to new businesses that had the sanction of the state, though not the federal government. Cannabis already had a foothold in...

California is on the brink of legalizing the sale of recreational pot, with the first round of state licenses for marijuana businesses kicking into effect in January. But Los Angeles pot shops won't be able to immediately start selling marijuana for recreational use on New Year's Day, city...

One of the biggest problems facing California cannabis businesses, regulators and law enforcement officials once recreational marijuana sales become legal on Jan. 1 is what to do about all the cash that is expected to change hands. With marijuana still illegal under federal law, most marijuana...

Given Governor-elect Phil Murphy's campaign pledge to legalize marijuana for recreational use in his first 100 days, the State of New Jersey is on the cusp of a major new revenue stream–recreational marijuana. Last May, Democratic State Senator Nicholas Scutari introduced a bill to legalize...

Sometime soon in Massachusetts, you'll be able to walk into a café, ask for a marijuana product, and consume it right there without heading home first. The state agency responsible for regulating legalized marijuana approved a policy on Monday that will allow for such establishments...

Modesto is considering allowing as many as 10 dispensaries – including up to three in downtown – as it moves to regulate commercial marijuana. The City Council on Tuesday is expected to discuss and approve regulations governing commercial activities, including cultivation, manufacturing...

The United States tax code offers businesses the opportunity to deduct expenses on tax returns, including items such as payroll and rent. That can significantly lower a company's tax bill. Unless you're in the marijuana industry. The reason why? Provision 280E in the Internal Revenue Code. It...

A series of deadly wildfires devastated California wineries, farms and small businesses in recent months. Many of these farms and businesses will be able to start rebuilding quickly, thanks, in part to insurance payouts and easy-to-access businesses loans. The same thing cannot be said of many...

Los Angeles will become the nation's largest city with recreational pot after the City Council voted Wednesday to license sales next year. After months of debate and political snags, the council approved rules to usher in commercial sales and cultivation set to begin in less than a month...

Less than two weeks before medical marijuana facilities apply to do business in Michigan, the Department of Licensing and Regulatory Affairs has officially released the rules that will govern their operation. "The emergency administrative rules are designed to preserve patient protections...

Cannabis businesses in California can't be within 600 feet of schools. Shops have to close by 10 p.m., and they need 24-hour video surveillance. Those regulations are in the new rule book for California's cannabis industry, which state regulators released Thursday. "I feel a big sigh of...

Few industries are growing as quickly and consistently as legal marijuana, which is a big reason investors haven't been able to get enough of marijuana stocks in recent years. According to investment firm Cowen & Co., the legal U.S. cannabis market is expected to reach $50 billion in annual...

When a U.S. Congressman recently told me that getting rid of Section 280E of the Internal Revenue Code "would amount to a tax cut for pot growers," I was caught off guard by his twisted interpretation of this tax policy. It was a huge reminder of how much more work organizations like the New...

How strong is the legal pot Alaskans buy over the counter? That's a question that's been raised in a dispute about potency levels among various cannabis businesses. Now, the state's regulatory body is considering extra steps. In her report during the November 14th meeting of the Marijuana...

A Republican senator from a state where marijuana is legal is pushing this week to give cannabis businesses a measure of tax fairness. Sen. Cory Gardner of Colorado wants to attach an amendment to a wide-ranging Republican-led tax reform bill that would allow state-legal marijuana growers...

With just over a month to go before recreational cannabis becomes legal in California, the City of Los Angeles is preparing to establish new rules for regulating sellers, growers and users. Marijuana businesses could not be too close to schools or parks, and existing medical marijuana...

The city of West Hollywood will start accepting applications in January from businesses and aspiring entrepreneurs looking to open weed shops, pot delivery services, and smoking lounges, WeHoville reports. Under an ordinance adopted last week, the city will dole out eight licenses each for...

The City Council has taken the final step in laying out rules for cannabis use in town, including prohibiting marijuana businesses from being within 1,000 feet of a school or recreational center. The final passage of the ordinance that changes the city's municipal code – which comes as...