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Biden’s DOJ lawyers take IRS side in marijuana firm’s 280E fight

The Biden administration has weighed in on a U.S. Supreme Court marijuana petition, arguing that state-legal cannabis businesses can be investigated by the Internal Revenue Service for potential violations of Section 280E of the tax code. It is believe…

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Transforming the cannabis concentrates market

A decade ago, I was spearheading company growth for Atlas Snowshoes, which had just invented and launched a modern snowshoe.
Transforming the cannabis concentrates market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness ne…

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Retail prices for recreational marijuana flower rise in response to record demand amid pandemic

The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state c…

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Marijuana grow facility designer Urban-Gro goes public on Nasdaq

Marijuana cultivation facility design and engineering firm Urban-Gro priced an initial public offering on the Nasdaq exchange to raise $54 million before expenses. The IPO put up 5.4 million shares of the Lafayette, Colorado-based company at a price of…

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Cannabis topicals make big gains around Valentine’s Day; beverages, edibles see a bump, too

Topicals are a sliver of the overall cannabis market, but around Valentine’s Day, when many couples try to spice up their sex lives, the product category rides Cupid’s arrow to higher sales. Edibles and beverages enjoy increased sales, too, accor…

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Credit union innovator to head new cannabis bank

Cannabis banking-compliance innovator Sundie Seefried is transitioning from her broader role as CEO of a Colorado credit union to a sole focus on cannabis issues. Seefried is stepping down from her longtime position as chief executive of Partner Colora…

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Colorado awards first adult-use cannabis delivery license

Colorado issued its first adult-use cannabis delivery permit, reflecting a continuing nationwide trend to allow home delivery in the wake of the coronavirus pandemic. High Country Supply, doing business as Colorado Harvest Co., received the first adult…

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Colorado’s total marijuana sales near $10 billion, buoyed by record 2020

Colorado’s total marijuana sales reached nearly $10 billion since legal sales began in 2014.
Colorado’s total marijuana sales near $10 billion, buoyed by record 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness n…

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Marijuana vape market share down as manufacturers work to rebuild consumer confidence

The cannabis vapor pen market sector has lost market share and not grown as fast as the rest of the total marijuana market, despite vape companies redoubling efforts to ensure consumers of the safety of the products on the legal market.
Marijuana vape …