Posts Tagged ‘cannabis’
Time for a Cannabis Policy Reset
Time for a Cannabis Policy Reset: Outdated Regulations Are Fueling the Illicit Market State cannabis regulators are still operating under rules designed for a brand-new industry—and that’s become a big problem. Instead of helping the legal cannabis market thrive, these outdated frameworks are making it harder for licensed businesses to survive. Meanwhile, the illicit…
Read MoreTrump Administration’s Funding Cuts Threaten Cannabis
Trump Administration’s Funding Cuts Threaten Cannabis Research and Marijuana Rescheduling The Trump administration’s decision to slash federal research funding is jeopardizing 565 ongoing cannabis studies and freezing new National Institutes of Health (NIH) grants. This move could have far-reaching consequences for cannabis legalization, marijuana rescheduling, and the $32 billion regulated cannabis industry. Funding Cuts…
Read MoreCalifornia’s Cannabis Excise Tax Set to Increase
California’s Cannabis Excise Tax Set to Increase: Industry Concerns Grow California’s cannabis industry is bracing for a significant excise tax increase, set to take effect on July 1, 2025. The statewide cannabis excise tax on dispensary sales will rise from 15% to 19%, a 27% increase, adding to existing state and local taxes. In…
Read MoreCannabis Industry and University Partnerships: What 2025 Could Bring
Cannabis Industry and University Partnerships: What 2025 Could Bring The cannabis industry is gearing up for some exciting changes in 2025, with partnerships between cannabis businesses and universities expected to flourish. While academic collaborations aren’t new, the cannabis sector has been slow to embrace them — mainly due to marijuana’s status as a federally illegal…
Read MoreCannabis Vape Companies Face Safety Concerns Amid Rising Tariffs
Major cannabis vape companies are shifting their manufacturing operations away from China due to increasing tariffs that could pose safety risks for consumers. Rising Tariffs and Industry Impact The U.S. imposed a 25% tariff on vape products made in China back in 2018, during President Trump’s administration. This move pushed many cannabis vape companies to…
Read MoreSan Diego Cannabis Tax Increase
San Diego Cannabis Tax Increase: What Dispensaries and Consumers Need to Know San Diego is raising its cannabis sales tax in an effort to generate an additional $4 million in revenue to help close the city’s $258 million budget deficit. However, concerns are growing that higher taxes may drive cannabis consumers to shop elsewhere.…
Read MoreDEA Delays Hinder Medical Cannabis Progress
DEA Delays Hinder Medical Cannabis Progress MMJ International Holdings is leading efforts in marijuana-derived pharmaceuticals for Huntington’s disease and multiple sclerosis, with FDA support. However, the DEA’s prolonged delays in processing cultivation applications have become a major hurdle. Regulatory Roadblocks Despite federal mandates to expand cannabis research, DEA senior policy adviser Matthew J. Strait has…
Read MoreStiiizy Data Breach: What Cannabis Businesses Can Learn About Cybersecurity
Stiiizy Data Breach: What Cannabis Businesses Can Learn About Cybersecurity In a concerning reminder of the increasing threat of cyberattacks on the cannabis industry, Los Angeles-based cannabis operator Stiiizy reported a data breach that occurred between October 10 and November 10, 2024. The breach compromised customer data from four California retail locations: Stiiizy Alameda:…
Read MoreTop Claims Filed in the Cannabis Industry
Top Claims Filed in the Cannabis Industry and How to Avoid Them Running a cannabis business comes with its risks. 🌿 From product issues to theft, claims can appear when you least expect them. They can also be expensive if you’re not ready. The good news? Knowing the most common claims and how to…
Read MoreNavigating Commercial Insurance in Today’s Market
Navigating Commercial Insurance in Today’s Market If you’re running a business, you’ve probably noticed the world of commercial insurance is more complex than ever. Between inflation, natural disasters, and cybersecurity threats, today’s market is keeping business owners on their toes. But don’t stress—we’re here to break it down. What’s Driving the Market? First, let’s talk…
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