M4MM
NYC Near-School Cannabis Dispensaries Avoid Shutdown or Relocation
NEW YORK – A significant number of New York’s licensed Cannabis dispensaries, previously at risk of closure for being too close to schools, have received a lifeline from state regulators. The Office of Cannabis Management ...
Aurora Launches Whistler Brand in Australia
EDMONTON – Aurora Cannabis Inc. announced the introduction of its Whistler Cannabis Co. brand to the Australian market, marking a significant step in its international expansion strategy. The launch brings two high-potency cultivars, Ginger Breath ...
BREAKING: Trump Signals Possible Cannabis Reclassification Within Weeks
LOS ANGELES- President Donald Trump said Monday that his administration is actively considering shifting Cannabis to a lower-risk category under federal law — a move that could have sweeping implications for the industry. Speaking at ...
Texas Broadens Medical Cannabis Access Amid THC Policy Shift
LOS ANGELES- Texas has enacted House Bill 46, expanding its Compassionate Use Program for medical cannabis. The law, effective September 1, adds qualifying conditions such as chronic pain, Crohn’s disease and traumatic brain injury. It raises the per‑dose ...
Cronos Expands Medical Cannabis Presence in Switzerland
LOS ANGELES- Cronos Group Inc. has entered the Swiss medical cannabis market through a partnership with Dascoli Pharma AG, a Zurich-based pharmaceutical distributor. The deal enables Dascoli to supply five varieties of the company's PEACE NATURALS branded ...
Nebraska Reverses Access to Botanical Cannabis Under Emergency Regulations
LOS ANGELES- Nebraska Governor Jim Pillen approved emergency rules on June 29, establishing a medical cannabis licensing framework effective immediately for up to 90 days. The regulations respond to Measure 438, approved by voters in November 2024, ...
Analysis: A Tale of Two Markets: U.S. Cannabis at a Crossroads as Global Momentum Builds — and Backtracks
LOS ANGELES-The U.S. cannabis industry stands divided. Some state markets are opening and expanding, while others are contracting under the weight of high taxes, regulatory friction, and unrelenting illicit competition. But across all markets, uncertainty ...
NYC Near-School Cannabis Dispensaries Avoid Shutdown or Relocation
NEW YORK – A significant number of New York’s licensed Cannabis dispensaries, previously at risk of closure for being too close to schools, have received a lifeline from state regulators. The Office of Cannabis Management ...
Aurora Launches Whistler Brand in Australia
EDMONTON – Aurora Cannabis Inc. announced the introduction of its Whistler Cannabis Co. brand to the Australian market, marking a significant step in its international expansion strategy. The launch brings two high-potency cultivars, Ginger Breath ...
BREAKING: Trump Signals Possible Cannabis Reclassification Within Weeks
LOS ANGELES- President Donald Trump said Monday that his administration is actively considering shifting Cannabis to a lower-risk category under federal law — a move that could have sweeping implications for the industry. Speaking at ...
Ohio Moves to Drastically Reduce Medical Cannabis Registration Fee to One Cent
LOS ANGELES- In a significant step toward making medical cannabis more accessible to patients, Ohio has announced plans to reduce the registration fee for medical cannabis patients to a nominal one cent. This move, aimed ...
U.K.’s Medical Cannabis Use Rises Amid ADHD Medication Shortage
NEW YORK- The United Kingdom is witnessing a notable shift towards medical cannabis as an alternative treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) amid a severe shortage of stimulant-based medications. The scarcity of these essential drugs has ...
Florida’s Cannabis Legislation: A Delicate Balance Between Reform and Regulation
LOS ANGELES- In Florida, a state on the cusp of major cannabis reform, recent legislative endeavors have sparked a complex dialogue about the future of cannabis regulation. Proposals for stringent THC potency caps, even before ...
Thailand’s Shift: From Decriminalization to Recreational Cannabis Ban
LOS ANGELES- Thailand's journey with cannabis policy has taken a significant turn as the nation's health minister, Cholnan Srikaew, announced plans to reinstate a ban on recreational cannabis use by the end of the year. ...
Obituary: Troy Datcher: CEO The Parent Company
LOS ANGELES- Troy Datcher, board chair of Gold Flora Corp. and a prominent Black leader in the cannabis industry, died Feb. 26 after a brief hospitalization. He was 55. Originally from Alabama, Datcher is mourned ...
Limits on the Installment Method of Accounting For Gain
By Rachel Wright, Simon Menkes, & Abraham Finberg- CPAs licensed in California of AB FinWright LLP & 420CPA, and Andrew Gradman, Esq of Andrew Gradman Tax This is Part II of II of our series ...
Verano Holdings Financial Highs and Lows in 2023
LOS ANGELES- Verano Holdings, a player in the cannabis industry, showcased a mixed financial performance for the year ending December 31, 2023. The company reported a significant revenue uptick, reaching $938 million, marking a 7% ...
Q4 Earnings Report: Trulieve Claims Company Secured $113 Million in Tax Refunds
LOS ANGELES- In a move that has got the attention of the U.S. cannabis industry, Trulieve Cannabis Corp., a leading multi-state operator, announced it has successfully reclaimed $113 million in tax refunds, challenging its dues ...
IRS Penalty Abatement – How Does It Work?
It is never fun to receive a letter from IRS, especially one that says you are being assessed penalties due to filing late, paying your taxes late, or understating income on your tax return! In ...
Revive Therapeutics Advances Clinical Research with Completion of Funding Round
LOS ANGELES- Revive Therapeutics Ltd. has successfully concluded the final tranche of its previously announced private placement, marking a significant milestone in the company's fundraising efforts. This move, detailed in press releases dated January 24, ...
Utah Lawmakers Push for Protections for Medical Cannabis Patients
LOS ANGELES- In a significant legislative push, two key Utah state lawmakers are spearheading a bill aimed at safeguarding the rights of medical marijuana patients against discrimination by local governments. This initiative follows the 2018 ...
Barcelona to Host Landmark International Cannabis Business Conference in Partnership with Spannabis
LOS ANGELES- Barcelona, renowned for its vibrant cannabis culture and history, is set to host the next edition of the International Cannabis Business Conference (ICBC) on March 14, 2024. This event marks a significant partnership ...
Ukraine Embraces Medical Cannabis: A New Frontier in Healthcare
NEW YORK- On February 15th, Ukrainian President Volodymyr Zelenskiy inked his signature on a bill that legalized the medical use of cannabis, as revealed by a parliamentary database on Thursday. This pivotal move followed advocacy ...
First Citizens Bank Makes Historic Leap into Cannabis Banking Landscape
NEW YORK- In a surprising move that has sent shockwaves through the financial sector, First Citizens Bank, the 19th largest bank in the nation boasting over $200 billion in assets, has announced its bold foray ...
Strategic Merger Unites Chicago Atlantic and Silver Spike, Reshaping Cannabis Financing Landscape
In a notable development within the cannabis financing sector, Chicago Atlantic and Silver Spike, two prominent lenders, have announced their merger. This strategic move is poised to create a significant shift in the landscape of ...
