Connect with us

Marijuana Business Daily

Canada’s sixth-largest city overturns cannabis store ban

Published

on


One of the largest cities in Canada has put out the welcome mat for legal cannabis retailers.

The City Council of Mississauga, the sixth-largest city by population in Canada and Ontario’s third-largest, voted Wednesday to allow legal cannabis retail stores to set up shop within the city.

ADVERTISEMENT

The city, near Toronto, had been among nearly 70 municipalities in Ontario that prohibited regulated cannabis stores after Canada legalized adult-use sales in late 2018.

Mississauga’s population of 721,599, according to the federal 2016 census, is higher than most provincial capitals.

So bringing cannabis sales under the watchful eye of regulators is expected to open the door to significant retail opportunities in the city.

“Being Ontario’s third largest city, the Mississauga market presents us with a lucrative revenue and growth opportunity for both High Tide and our Canna Cabana brand, given its size and scale,” High Tide CEO Raj

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Colorado shut out of marijuana rescheduling hearings by ‘biased’ DEA, filing alleges

Published

on

By


The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process.

That’s one example of the “bias” that should disqualify the agency from overseeing the hearings, according to claims made in a filing submitted Monday to the DEA’s chief administrative law judge, John Mulrooney II.

ADVERTISEMENT

The decision to exclude Colorado, where sales of adult-use marijuana began more than a decade ago, but include authorities from states without regulated cannabis such as Nebraska and Tennessee demonstrates why the agency should be removed from the proceedings, the filing claims.

Monday’s filing is the latest effort by designated participants Village Farms International and Hemp for Victory to disqualify the DEA, which has “obstructed the rulemaking process

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

7 industry predictions for 2025

Published

on

By


Sometime in 2025, the IRS could stop taxing state-regulated marijuana companies like cocaine kingpins.

As a bonus, licensed marijuana operators might no longer compete with mainstream retailers selling intoxicating THC products that meet the federal definition of hemp.

ADVERTISEMENT

Tax reform and some resolution to the civil war between marijuana and hemp are modest asks.

But a future where these longstanding problems are finally resolved would represent a dream scenario for many operators in the $32 billion state-regulated marijuana industry.

That’s a reflection of the steady advances that cannabis reform made in 2024.

The year behind

Cannabis industry progress was slow in 2024.

Congress failed to pass marijuana reform bills, and the Drug Enforcement Administration delayed reclassifying marijuana as a legitimate medicine until this

Read full article on Marijuana Business Daily



Source link

Continue Reading

Marijuana Business Daily

Fight over disputed Arkansas medical marijuana permit escalates

Published

on

By


A long-running dispute over one of Arkansas’ medical marijuana cultivation permits is escalating after a second court found regulators improperly awarded one of the licenses.

At issue is the license awarded to Fort Smith, Arkansas-based River Valley Relief, one of eight cannabis cultivators licensed by the state.

ADVERTISEMENT

On Dec. 30, a Pulaski County Circuit judge ruled that state regulators issued River Valley Relief and its principal, Bennett “Storm” Nolan, a permit despite the fact his application was “fatally flawed.”

It’s the second ruling against Nolan and River Valley following a 2022 decision that also found regulators acted improperly when they “unlawfully” awarded Nolan’s business a permit.

The original suit was filed by 2600 Holdings, which does business as Southern Roots Cultivation and unsuccessfully

Read full article on Marijuana Business Daily



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media