Instead of putting the finishing touches on their businesses in anticipation of Minnesota’s adult-use market launch early this year, cannabis license applicants instead face delays and uncertainty. But if entrepreneurs’ patience and capital lasts long enough to win a license and hold on until Minnesota’s recreational cannabis launch – now projected for early 2026 – […]
Once the Face of the State’s Cannabis Loan Fund, He Now Fears Foreclosure – Cannabis Business Executive – Cannabis and Marijuana industry news skip to Main Content Source link
About two-thirds of the 1,817 adult-use marijuana social equity license applicants in Minnesota were denied access to the state’s license lottery, which is expected to be held the week of Dec. 2. Those who will be permitted in the lottery for one of 280 preapproval licenses will get official notification within two weeks, the MinnPost […]
Known for their discipline, leadership and problem-solving abilities, military veterans are finding a new battlefield in the regulated cannabis industry. Veterans’ unique skill set, honed through years of military training and experience, is an asset in the rapidly growing industry not always associated with professionalism. “Adaptability, teamwork and a good sense of humor are important […]
A group of seven independent marijuana social equity transporters in Illinois filed a civil rights complaint against the state’s Department of Agriculture alleging that the office discriminated against them when it issued licenses to medical cannabis cultivation centers. In a complaint filed in the 7th Judicial Circuit Court of Sangamon County – independent transporter licensees who […]
A former senior vice president of Curaleaf Holdings alleges in a lawsuit that the cannabis multistate operator terminated her employment after she complained about sexual harassment and racist comments. Khadijah Tribble, who is Black, also alleged in the suit against New York-based Curaleaf and former CEO Matt Darin that she was fired in March 2023 […]
Navigating the Double-Edged Sword of Federal Cannabis Legalization – Cannabis Business Executive – Cannabis and Marijuana industry news skip to Main Content Source link
In a letter to the U.S. Department of Treasury and the IRS, the American Institute of CPAs (AICPA) is trying to provide guidance aimed at cannabis businesses and tax professionals ahead of potential marijuana rescheduling. “Since the beginning of decriminalization and legalization of marijuana across a growing number of states, cannabis businesses and their CPAs […]
Delaware on Thursday awarded the state’s first adult-use marijuana licenses to cultivators and manufacturers via a lottery. Of the 1,260-plus license applications, 727 made it to the Office of the Marijuana Commission’s lottery, which the agency hosted on Facebook Live. Delaware’s 13 existing medical marijuana dispensaries already applied for and were awarded adult-use licenses, which […]
An Arizona judge has declined to revoke and reassign an adult-use marijuana social equity permit that a lawsuit claimed was stolen from a qualifying applicant via predatory means, court records show. Allegations have swirled for years in Arizona that out-of-state moneyed interests hijacked the licensing process for the 26 so-called social equity stores that state […]
