Virginia chooses Metrc to run state’s medical cannabis seed-to-sale tracking
Metrc will run the new seed-to-sale tracking program for Virginia’s medical cannabis market.
Missouri establishing cannabis reference testing lab to improve standards
Missouri regulators are launching a reference testing lab in an attempt to improve industry standards and better analyze the contents of cannabis products.
Kentucky awards 26 medical marijuana business licenses in lottery
Kentucky regulators have awarded 26 medical marijuana licenses for cultivators and processors seeking to operate in the state’s impending industry.
Marijuana operator Green Dragon to cease operations by year-end
Marijuana operator Green Dragon plans to close 17 retail locations in Colorado as well as 39 dispensaries and a grow site in Florida.
Funding shortage for LED rebates leaves cannabis lighting vendors on hook
A rebate program that encouraged indoor growers to switch to LED lights proved so popular that Xcel Energy ran out of money to pay for it.
CPAs offer 280E guidance to Treasury, IRS ahead of marijuana rescheduling
In a letter to the U.S. Department of Treasury and the IRS, the American Institute of CPAs is trying to provide guidance aimed at cannabis businesses and tax professionals ahead of potential marijuana rescheduling.
New Mexico marijuana firms sue federal agencies over ‘unlawful’ seizures
Eight licensed marijuana companies in New Mexico claim in a federal lawsuit that Border Patrol agents violated their constitutional rights when they seized more than $1 million worth of “state-legal cannabis products, cash, and other property” at interior checkpoints, court records show.
