The Internal Revenue Service (IRS) has issued a new memo clarifying the rules for reporting large cash payments between marijuana businesses, which the agency says should not automatically be considered… Continue reading Marijuana Industry Cash Is Not Necessarily ‘Suspicious,’ IRS Says In New Guidance Memo
Category: Business
Feds crack down on companies marketing weed edibles in kid-friendly packaging
Edible cannabis products sold in packaging that closely resembles kids’ snacks such as Doritos chips and Oreo cookies are deceptive and could pose a health risk to children, the Federal… Continue reading Feds crack down on companies marketing weed edibles in kid-friendly packaging
RAW Rolling Papers Caught in a Web of Deceit
A jury verdict found HBI International, creator of RAW Organic Hemp rolling papers, engaged in unfair business practices which violated the Illinois Uniform Deceptive Trade Practices Act. The RAW brand,… Continue reading RAW Rolling Papers Caught in a Web of Deceit
Sean ‘Diddy’ Combs to buy Chicago-area cannabis operations in deal connected to $2 billion Cresco-Columbia Care merger
Sean “Diddy” Combs has agreed to buy nine cannabis retail stores and three production facilities in Illinois, New York and Massachusetts for $185 million as part of required antitrust divestitures… Continue reading Sean ‘Diddy’ Combs to buy Chicago-area cannabis operations in deal connected to $2 billion Cresco-Columbia Care merger
The economic downturn is closing wallets to cannabis companies say investors
Have you heard about the economic downturn? Over the last two weeks I talked to a dozen different cannabis investors and advisors to ask them what they’re seeing in the… Continue reading The economic downturn is closing wallets to cannabis companies say investors
9 Cannabis Markets That Are Flush With Cash Thanks To Increased Tax Revenue
Although the United States cannabis industry has been reporting impressive growth, the sector remains under pressure and we believe our readers need to be aware of the data that supports… Continue reading 9 Cannabis Markets That Are Flush With Cash Thanks To Increased Tax Revenue
Dispensary Pricing Strategy: The Psychology of Price Anchoring
If you’ve ever shopped at Costco, you’ll notice that the front of the store is filled with high-priced electronics. But the store primarily sells cheaper items like groceries. This layout… Continue reading Dispensary Pricing Strategy: The Psychology of Price Anchoring
How to get and understand legal weed labels: a consumer guide
Under Illinois law, consumers have the right to obtain a certificate of analysis, or “COA,” for any cannabis product for sale at a dispensary. Here’s what you need to know.… Continue reading How to get and understand legal weed labels: a consumer guide
Clouted pot firm makes another run at Rainforest Cafe site
A clout-heavy cannabis firm has nixed its plan to move a Norwood Park dispensary to the site of the old Rainforest Cafe after learning the proposal was illegal under state… Continue reading Clouted pot firm makes another run at Rainforest Cafe site
Preliminary plans for Las Vegas cannabis lounges include options for dining and entertainment
As he walked through a warehouse that could eventually become home to one of the premier marijuana consumption lounges in Nevada, David Farris spoke of a new era for the… Continue reading Preliminary plans for Las Vegas cannabis lounges include options for dining and entertainment