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Marijuana MSOs set up high-risk fight with IRS over 280E of tax code

Tens of millions of dollars in tax savings and a quick increase in available cash are some of the immediate short-term benefits for the five major marijuana multistate operators that have declared their freedom from Section 280E of the Internal Revenue…

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Florida recreational cannabis legalization opponents get $12 million donation

The billionaire owner and CEO of a Miami-based hedge fund donated $12 million to opponents of a recreational cannabis legalization ballot measure that Floridians will vote on in the November election
Florida recreational cannabis legalization opponents…

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Florida to license more Black marijuana farmers; adult-use campaign tops $60M

Three Black farmers in Florida are eligible to receive medical marijuana cultivation permits under a bill Gov. Ron DeSantis recently signed into law.
Florida to license more Black marijuana farmers; adult-use campaign tops $60M is a post from: MJBizDai…

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Trulieve fined $350K over Massachusetts cannabis worker’s death

Massachusetts regulators on Thursday levied a $350,000 fine on Trulieve Cannabis in connection with the death of an employee in January 2022.
Trulieve fined $350K over Massachusetts cannabis worker’s death is a post from: MJBizDaily: Financial, L…

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Trulieve Cannabis lands 2 Ohio licenses in settlement with Black-owned operator

Marijuana multistate operator Trulieve Cannabis Corp. is scooping up two retail licenses in Ohio ahead of the launch of adult-use sales in that state as part of a lawsuit settlement with a Black-owned company.
Trulieve Cannabis lands 2 Ohio licenses in…

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It’s official: Florida will vote on legal weed in November!

After a long legal battle, Amendment 3 will appear on the 2024 ballot. It needs the support of 60% of Florida voters in order to pass.
The post It’s official: Florida will vote on legal weed in November! appeared first on Leafly.

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280E, new markets and wholesale revenue highlight cannabis earnings season

Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.
280E, new markets and wholesale revenue highlight cannabis earnings season is a post from: MJBizDaily: Financial, Legal & Cannabusin…

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Trulieve Cannabis files lawsuit against ex-CFO contesting $350K in expenses

Florida-based marijuana multistate operator Trulieve Cannabis has filed a lawsuit against a former chief financial officer for misappropriating hundreds of thousands of dollars tied to personal expenses.
Trulieve Cannabis files lawsuit against ex-CFO c…

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Death of a Trimmer: A cannabis worker’s death went unnoticed for months. Now it’s raising alarms in the industry.

When occupational asthma killed Lorna McMurrey, it should have set off alarms industrywide. But nobody spoke up, even as thousands of workers remain exposed to the same hazards.
The post Death of a Trimmer: A cannabis worker’s death went unnotic…

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Trulieve launches Khalifa Kush Cannabis in Florida through exclusive partnership with Wiz Khalifa

Trulieve is partnering with Wiz Khalifa to bring his beloved Khalifa Kush to Florida medical dispensaries.
The post Trulieve launches Khalifa Kush Cannabis in Florida through exclusive partnership with Wiz Khalifa appeared first on Leafly.