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Choosing the Right Business Entity in the Cannabis Industry One of the most fundamental questions facing any entrepreneur – whether in the cannabis industry or elsewhere – is: What type of business entity should I choose? Some industries are relatively low-risk (spoiler: cannabis is not one of them).
multi-state cannabis operator, announced in May 2022 it had closed the definitive agreement to acquire two Herbal Remedies Dispensaries. Ayr then acquired two more Illinois dispensaries, one in Hometown and one in Normal. Earlier this week, Ayr Wellness signed a letter of intent to sell all four Illinois dispensaries.
Illinois officials recently released the Annual Cannabis Report for Fiscal Year 2024. The 144-page report, compiled by the Cannabis Regulation Oversight Office (CROO), incorporates data from several state departments. The report also touts, as more evidence, Illinois’ $2,007,401,374 in sales during the past fiscal year.
Starting a cannabisbusiness can be both exciting and challenging. With the rapid expansion of the cannabis industry, entrepreneurs face a range of legal and regulatory hurdles that can make the process daunting. One of the most significant legal hurdles in the cannabis industry is dealing with land use and zoning regulations.
The Chicago Police Department issued a Business Alert last week about two related cannabisdispensary Molotov-cocktail fires, and yesterday, a Molotov-cocktail arson attempt occurred at a third dispensary. April 19 at Cannabist Dispensary in Jefferson Park , and the second fire was set about 3:49 a.m.
consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets. Since COVID-19 rocked the economy, cannabisbusinesses and supply chains claim to have been playing catch-up to get back to business as usual. This windfall shows no signs of slowing down either.
Since cannabis remains federally illegal, many banks, who run on a risk-based assessment, refuse to do businesses with cannabis companies. and Guam having fully legal operating cannabis markets under their own laws, banks are put in an awkward position because of the inconsistencies between state and federal law.
The Decline of Medical Marijuana in Massachusetts: What It Means for Patients In recent years, Massachusetts, once a pioneer in cannabis reform, has seen its medical marijuana program gradually overshadowed by the booming recreational market. The program aimed to provide safe, legal access to cannabis for patients with chronic conditions.
The Illinois Department of Revenue today posted a notice for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted Municipal or County Cannabis Retailers Occupation Taxes. To verify new combined state and local retailers occupation tax rates (i.e.,
Over the course of the 2025 Nevada Legislative Session, the legislature passed 7 bills impacting cannabis establishments in the State. A multitude of modifications have occurred, some regarding the Cannabis Compliance Board’s oversight, as well as the establishment of many definitions which could impact cannabis companies’ operations.
In January, a bill was introduced regarding Iowas medical cannabis program, allowing vaporized cannabis to be added to the state-approved Tetrahydrocannabinol ( THC) products list. If passed, vaporizable dried raw cannabis would be included with the products available to Iowas medical patients.
The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabisbusinesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. To find cannabis-friendly events in Illinois, visit here.
If you live in or around DC, you may have noticed some recent changes to the business landscapespecifically if you enjoy cannabis. There has been a sequence of closures of cannabisbusinesses over the past year, which potentially means less access to cannabis as well as changes to the cannabis industry.
As a miami cannabis doctor practicing here in South Florida, I get asked about Florida’s medical marijuana laws almost daily. Let me clear up the confusion and give you the straight facts about our state’s medical cannabis program. Right now in 2025, if you’re a registered patient, you can buy up to 2.5 The good news?
After the 2016 election, Nevada legalized recreational cannabis, in addition to the states medical-marijuana program. As a result, possession and consumption of cannabis by adults became legal in January of 2017. Currently, the Cannabis Compliance Board, known as the CCB, serves as Nevadas cannabis regulatory agency.
The Illinois Cannabis Regulation Oversight Officer (CROO) released a notice for cannabisbusiness licensees concerning packaging and labeling products. 2) Dispensary names do not need to be added before shipping to dispensaries. 410 ILCS 705/55-21 [Cannabis Regulation and Tax Act Labeling Section] 8 Ill.
Today I’ll stay in my lane, though, and focus on the cannabis state ballot measures. I’m aware of one other jurisdiction is doing work around the edges– namely, Oregon’s Measure 119 on unionization for certain types of cannabis licensees (more on that one here ). See Florida Cannabis Legalization Vote Q&A.
The Oregon District Court issued a ruling today whereby it PERMANENTLY ENJOINS AND RESTRAINS the OLCC and other State actors from enforcing Measure 119 against Bubbles Hash and Ascend Dispensary, the plaintiffs that sued over BM 119s constitutionality. You can view Judge Simons Opinion and Order here , and the Judgment here.
However, South Dakota’s journey toward cannabis legalization has been anything but straightforward. From early failed attempts at approving medical marijuana to the historic 2020 vote that saw both medical and recreational cannabis on the ballot simultaneously, it has been a challenging battle for cannabis advocates in South Dakota.
On September 25 th , the Oregon Liquor and Cannabis Commission (OLCC) sent notices to seven licensed testing laboratories, proposing license cancellation in some cases and suspension or fines in others. This story broke yesterday afternoon in the Portland Business Journal (“Journal”). Which is not great.
When it comes to any hot-button issue like cannabis legalization, there are always two sides, often without much middle ground. Nixons War on Drugs The Nixon administration took the racially-charged propaganda behind cannabis prohibition even further by unofficially beginning the War on Drugs in 1971.
Let me walk you through exactly what Florida law says and what you can expect when you’re ready to get your medical cannabis recommendation in Florida. They said that qualified Florida cannabis doctors can only give you that initial MMJ certification if we physically examine you in the same room.
As the bill progresses through the legislative process, the impact on cannabisbusinesses, consumers, and the state’s growing hemp industry could be significant. This article examines the history of cannabis legalization in Texas, the details of Senate Bill 3, and what the proposed ban implies for the future of hemp in the state.
The Ups and Downs of a Booming Industry In recent years, the cannabis sector has undergone a spectacular transition as a result of the wave of legalization that has swept across numerous places all over the world. This shift in legal and social attitudes has given rise to a booming cannabis market.
Preference for the annual scholarship will be given to applicants who demonstrate significant financial need, a passion for the plant, and a clear vision for their future careers in the cannabis industry. Illinois News Joint invites all Illinois cannabis brands, dispensaries, and ancillary businesses to participate in the fundraiser.
At Kind Meds, we are always looking for new ways to make your cannabis experience easier, smoother, and more enjoyable. That is why we are proud to introduce our newest delivery partner: LOVE BUD AZ, a game-changing app that redefines how Arizona cannabis users shop, connect, and get their favorite products delivered right to their door.
When its 110 outside, the last thing you want to do is leave your cool, air-conditioned house to make a dispensary run. Thats where weed delivery in Arizona is becoming a game changer – and now theres a faster, cooler, and more connected way to get your cannabis without breaking a sweat. What Is Love Bud Delivery?
Whether you love or hate President Trump, you might have a few choice words for him when next you visit a dispensary for a refill. The domino effect of these tariffs is spreading across industries, and it looks like the cannabis market won’t be left out. In this case, that means higher prices at your local dispensary.
The cannabis movement began with a mission rooted in compassion—dedicated to providing relief for patients suffering from severe conditions such as HIV/AIDS, cancer, epilepsy, and chronic pain. Dispensaries now prioritize high-THC offerings such as flowers, edibles, concentrates, and vapes to cater to recreational users.
News Joint Events invites all Illinois cannabis brands, dispensaries, ancillary businesses, and individuals to participate in the inaugural News Joint Scholarship Fundraiser Texas Hold em poker tournament scheduled for 11 a.m.-8 May 17 at Emerald Dispensary and Lounge. No Texas Hold em experience needed to participate.
More than six thousand cannabis retail clients in the United States and Canada use Dutchie’s point-of-sale and e-commerce software to process over one million orders per day. Its technology enables yearly cannabis sales of $14 billion and more.
The legalized cannabis industry will be in full swing at the Flower Expo Illinois at Sarabande from 12-10 p.m. The Flower Expo is scheduled to host several dispensaries and cannabis brands for its inaugural Illinois event in which Brands Meet Buyers at a high-vibe, consumption-friendly trade show. Tuesday, March 25.
Illinois cannabis workers with an active ID from IDOA (cultivation) or IDFPR (dispensaries) can reserve a ticket for FREE here. Sesh In the Shawnee will host several Illinois-based cannabis cultivators and infusers, along with local vendors. To find cannabis-friendly events in Illinois, visit here.
Attendees will have the opportunity to meet 50+ craft brands and sample for free the best licensed cannabis products in Illinois. Along with the 50+ licensed craft vendors, the Craft Showcase is set to host 20+ other vendors, including dispensaries, cannabis industry businesses, associations, and advocates.
“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.
Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. The majority of these businesses are small-to-medium in size. But at the federal level, they are being cast aside by Congress.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuana businesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabisbusinesses due to federal marijuana criminalization.
Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabisbusinesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.
State regulators have licensed 192 retailers thus far, with the first of those opening for business on Saturday. The post Missouri: Licensed Medical Cannabis Retailers Now Open for Business appeared first on NORML.
Where can you open a dispensary? Good Tree Capital answers this and more in this article about the right place to open a cannabisbusiness. The post How to choose the right community for your cannabisbusiness appeared first on Leafly.
What types of cannabisbusinesses are out there? Learn about weed business models from the experts on cannabis funding. The post Cannabisbusiness models 101 appeared first on Leafly.
Cannabisdispensary owners must make a fortune—at least, that’s what a lot of folks think. Sure, when legal sales first start out, cannabisdispensaries tend to do well. But what happens when the newness wears off and other dispensaries start to pop up? It takes a lot to run a legal cannabisdispensary.
AuraLight Dispensary is located at 1350 N. And check our Dispensary Directory for more information. AuraLight mission statement is to empower the “community with trusted cannabis expertise and high-quality products, fostering a welcoming environment built on knowledge, trust, and teamwork. Orchard Rd. in Aurora, Illinois.
The severe drop in wholesale cannabis prices in many states over the past year can be traced to a few key factors: Regulatory missteps, high taxes for consumers, and competition from still-thriving illicit markets are contributing to the industry’s current woes. What’s the Best Move for a CannabisBusiness License Holder?
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