Michael Straumietis, the CEO of the famous Advanced Nutrients, who is also known as the Marijuana Don, has recently donated more than $100K worth of goods to 2,000 homeless people. His charity, Holiday Heroes, engaged 75 volunteers in making it happen during Easter weekend.
In the United States, tax revenue is the major source filing both federal and local budgets. It is a quite common thing for an entrepreneur to think they pay too much taxes. But when it comes to a marijuana-related business, it is more likely to be true. Not only did certain states impose excise taxes on cannabis businesses, but also federal marijuana tax laws are not exactly business-friendly. So the question is, what can you do to pay less taxes without breaking the law?
Though the medical marijuana industry is booming in the legal American states, it has still been difficult to invest in the cannabis companies. Fortunately, a Canadian fund that has recently opened on the Toronto Stock Exchange will allow you to do it in the comfort of your home.
On April 11, the Nevada Legislature heard a bill, according to which marijuana manufacturers would be able to combine medical and recreational products. As of right now, they have to divide their products into two groups as taxes are different.
Have you heard about the biggest cannabis factory in Europe? No, it is not in the Netherlands! Switzerland has a king-size weed barn, and it is absolutely legal! Here you can learn more about this fascinating place and the recent tendencies in the development of the marijuana industry in the country.
Two communities in San Diego County, California, are going to open medical marijuana dispensaries in the near future. Currently, Lemon Grove and La Mesa communities are conducting all the necessary legal and administrative preparations to open these retail stores to the public.
There is great news for marijuana businesses based in Los Angeles. Earlier, the county voted against developing weed businesses. Moreover, it has had a ban on medicinal cannabis location for years. However, in a few months, Los Angeles is likely to become a number one spot for cannabis entrepreneurs.
Making economic predictions is quite difficult, especially when it comes to the cannabis industry. Even the slightest change in local of federal policies may cause significant changes in the industry in the long term. However, economists and analysts keep trying to understand how the booming marijuana business may look in a few years. The latest attempt was made by New Frontier Data, a Washington D.C.-based research company that focuses on the cannabis industry analysis.
On Thursday, four House members announced the formation of a new caucus—the Cannabis Caucus. One of the main goals of the newly created caucus is to defend states' rights to establish their local marijuana policies.
Last week, the Senate voted 52 to 47 to confirm Alabama Republican Senator Jeff Sessions as the new U.S. Attorney General. Since Jeff Sessions has always been vocal opponent of cannabis, it comes as no surprise that people in the cannabis industry feel threatened by his appointment. But is Jeff Sessions really that dangerous to the legal weed industry and thousands of medical marijuana patients?
Despite the fact that California has one of the largest marijuana markets in the U.S., a lot of work has to be done to regulate the industry. Many big-money companies strive to take part in the process.
Puerto Rico has officially opened two medical cannabis dispensaries. Hundreds of patients suffering from a variety of conditions will now have access to new effective treatment options that include medical marijuana. Although the territory’s policy on cannabis still has much more restrictions than some American states, Puerto Rico is on the right way to creating a successful and versatile cannabis market.
The year of 2016 brought a lot of changes to the cannabis industry: from impressive new discoveries of marijuana's medicinal potential and properties to the long-awaited legalization of marijuana in California, Massachusetts, Maine, and Nevada. But what should we expect next? We at WeedLex have some guesses on this matter.
Weed enthusiasts from Portland, Oregon will soon have the opportunity to get pot delivered right to their doorstep. The Portland City Council has recently voted to allow recreational cannabis delivery to the customer's home.
Medical marijuana has already been legal in 29 states while using cannabis for recreational purposes has been legalized in only eight states. The legalization of weed brings a number of advantages; it is an event that makes history and indicates progress. Below are five ways of how a state benefits from legal marijuana.