The legalization and decriminalization of cannabis across the United States have led to explosive growth in the cannabis industry. Once operating entirely in the shadows, cannabis businesses are now operating legally in many states and generating billions of dollars in revenue annually. However, federal prohibition has created challenges for these legitimate and licensed businesses. Specifically,
More than 440,000. That is the approximate size of the cannabis industry’s labor force in this country, according to newly published research. The data, compiled by Vangst and Whitney Economics, shows that the United States’ legal marijuana industry added almost 23,000 jobs last year, amounting to a 5.4% year-over-over increase. That brings the total number
The nascent cannabis market in Japan has reportedly seen a massive increase in recent years. That is according to a newly published report by Euromonitor International, which revealed a “staggering growth in Japan’s cannabis market over the past four years.” The market, according to the report, expanded “approximately sixfold from JPY4 billion (USD26.3 million) in
A new article published in the Federal Register in February, which prefaced a digital Drug Testing Advisory Board (DTAB) meeting that was held on March 5. The topic of the article and the meeting covered the Department of Health & Human Services (HHS) drug testing panels and considered adding fentanyl, while also removing MDMA. Section
A Maine man was arrested and held without bail last week for allegedly operating an unlicensed cannabis operation in a rural area about 60 miles north of Bangor, according to law enforcement officials and court records. Police seized 40 pounds of processed marijuana from a house in Passadumkeag, Maine and arrested Xisen Guo, who is
It’s a given that Election Season comes with a slew of messages from all sides, and the Congressional Progressive Caucus (CPC) is throwing its hat in the ring with a new legislative agenda, “a vision for Congress to meet everyday Americans’ urgent needs and rebuild the American dream for the poor, working, and middle class,”
Although the official city-sanctioned 4/20 celebration on Hippie Hill in San Francisco was canceled this year, it still attracted thousands of people to gather on the holiday. According to a report from SFGate, whose representatives spoke with some of the attendees, the cancellation didn’t hinder anyone’s plans. Jessica Leung told SFGate that she was excited
States where recreational marijuana has been made legal are seeing upticks in college applications, including from elite students. That is the takeaway of a study published late last year in the peer-reviewed journal Contemporary Economic Policy. “Using a two-way fixed effects difference-in-differences model, we investigate the effects of local recreational marijuana (RMJ) policy changes on
Illinois Governor J.B. Pritzker took to the campaign trail over the weekend to stump for President Joseph Biden, taking advantage of the 420 weed high holiday as an opportunity to tout the cannabis policy reforms made by the current administration. At a campaign stop in Grand Rapids, Michigan on Saturday, Pritzker said that cannabis policy
In the dynamic and heavily regulated cannabis industry, tax compliance is a top priority. Yet, many myths surround the concept of tax impounding at the point of sale, causing confusion and missteps. As businesses strive to stay compliant while optimizing their operations, it's crucial to separate fact from fiction. Let's debunk the most common myths
