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Ayr Wellness and Dispensary 33 terminate acquisition

Illinois News Joint

Ayr Wellness recently announced that the vertically integrated multi-state cannabis operator terminated the previously announced proposed to acquire the equity interests of Dispensary 33 retail stores in Illinois. The first Dispensary 33 retail store at 5001 N. Herbal Remedies was among the first cannabis dispensaries licensed in 2013.

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A List Of The Best Dispensaries Around: How To Support Black-Owned Businesses

Cannabis Law Report

Still, for Black cannabis business entrepreneurs, concerns of equality and diversity remain significant obstacles to their pursuit of the American Dream. List Of The Best Black-Owned Dispensaries In The US. With an eye toward global expansion, Cannabliss is always looking for like-minded cannabis businesses with which to partner.

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). The closest we have to a federal framework is from this 2018 SBA Policy Notice , which categorizes MRBs as “direct”, “indirect”, and “hemp-related businesses.” Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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NY lawsuit claims Cookies broke exclusive marijuana licensing deal

Medical Marijuana Program Connection

… partner of multistate marijuana company Cookies is suing … TRP, which operates retail marijuana dispensaries in 14 states, … first Cookies-branded retail marijuana stores in ‘new markets … first started issuing medical marijuana business licenses in 2015, … Original Author Link click here to read complete story.

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City to grandfather existing CBD, hemp sales

Medical Marijuana Program Connection

ANNA MARIA – Businesses in the city that currently sell CBD and hemp products will be allowed to continue doing so with a soon-to-be-adopted grandfathering exception. A city ordinance adopted in 2015 to prohibit medical marijuana dispensaries also prohibits the sale of any product made from the cannabis plant, Read More

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Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities. Controlled Substance.

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nuEra Cannabis becomes vertically integrated

Illinois News Joint

The Illinois cannabis industry continues into its fifth year of legalization, and the business markets is not slowing down. NuEra has also announced plans to open a new dispensary in DeKalb by spring 2024. Earlier this month, nuEra Cannabis announced the company had become vertically integrated with its new acquisition.