Drugs in the United States

MEDIA ALERT - Taxation and the Cannabis Industry

Retrieved on: 
Monday, October 5, 2020
Consulting, Banking, Alternative medicine, Accounting, Tobacco, Professional services, Health, Retail, Legal, Human resources, Finance, Drugs in the United States, Cannabis, Herbalism, Medicinal plants, Drug policy of the United States, Drugs, Cannabis in the United States, Drug control law, Medical cannabis, Legality of cannabis, Decriminalization of non-medical cannabis in the United States, Cannabis in Oregon

What: Many states have legalized marijuana for medicinal purposes, and a growing number of states have now legalized marijuana for recreational use.

Key Points: 
  • What: Many states have legalized marijuana for medicinal purposes, and a growing number of states have now legalized marijuana for recreational use.
  • Additional expansion is possible in the November elections with ballot initiatives in three states.
  • For tax purposes, this prevents cannabis businesses from deducting many of their business expenses while the income received is taxable, resulting in a much higher effective tax rate than that imposed on other businesses.
  • Several cannabis businesses have challenged this treatment in court but have generally lost those challenges.

Columbia Care Awarded Cultivation License by West Virginia Office of Medical Cannabis

Retrieved on: 
Monday, October 5, 2020
Retail, Health, Agriculture, Specialty, Natural Resources, Biotechnology, Biofuels, Hemp, Herbs, Legality of cannabis, Cannabis, Psychoactive drugs, Drugs in the United States

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) announced today the Company has received a medical cultivation license from the West Virginia Office of Medical Cannabis.

Key Points: 
  • Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (Columbia Care or the Company) announced today the Company has received a medical cultivation license from the West Virginia Office of Medical Cannabis.
  • This license expands Columbia Cares capacity within the state, adding to its current hemp cultivation license.
  • We are pleased and grateful to receive this cultivation license in the state of West Virginia, said Nicholas Vita, CEO of Columbia Care.
  • Columbia Care was one of 39 applicants to apply for one of the 10 licenses awarded by the West Virginia Office of Medical Cannabis.

The 2020 Benzinga Cannabis Capital Conference in Chicago Switches to Virtual Format, CannabisNewsWire Re-Engaged for Additional Visibility

Retrieved on: 
Monday, September 28, 2020
Cannabis and religion, Cannabis culture, Entheogens, Cannabis, Drug culture, Drugs in the United States, Cannabis in the United States, Drug policy of the United States

DETROIT, Sept. 28, 2020 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- The ninth installment of the Benzinga Cannabis Capital Conference , originally scheduled to take place in Chicago, will be switching to a virtual experience.

Key Points: 
  • DETROIT, Sept. 28, 2020 (GLOBE NEWSWIRE) -- via CannabisNewsWire -- The ninth installment of the Benzinga Cannabis Capital Conference , originally scheduled to take place in Chicago, will be switching to a virtual experience.
  • The event is set to take place on October 15th, 2020, and will feature an array of presentations from cannabis investors.
  • The conference will also feature quick-fire keynotes and panel discussions with top cannabis entrepreneurs.
  • For more information, or to register for the Virtual Cannabis Capital Conference, visit https://www.benzinga.com/events/cannabis/virtual/ .

Shango Named Best Multi-State Medical Cannabis Dispensary - USA

Retrieved on: 
Monday, September 14, 2020
Cannabis in the United States, Psychoactive drugs, Drugs in the United States, Cannabis culture, Cannabis shop, Drug culture, Cannabis dispensaries in the United States, Cannabis, Dispensary, Impact of the COVID-19 pandemic on the cannabis industry

LAS VEGAS, Sept. 14, 2020 /PRNewswire-PRWeb/ --Shango Cannabis won the title of Best Multi-State Medical Cannabis Dispensary in the United States for 2020.

Key Points: 
  • LAS VEGAS, Sept. 14, 2020 /PRNewswire-PRWeb/ --Shango Cannabis won the title of Best Multi-State Medical Cannabis Dispensary in the United States for 2020.
  • "To be named the best in the U.S. by an international medical media organization is a great honor," Shango Founder and CEO Brandon Rexroad said.
  • The Shango brand has multiple full-service recreational and medical cannabis dispensaries in Oregon and Nevada, as well as a medical cannabis provisioning center in Michigan.
  • Shango is committed to cannabis education and is a fierce advocate of the safe and responsible use of cannabis products.

Medical Marijuana, Inc. Subsidiary Kannaway®’s Japanese Division Announces August 2020 as Best Revenue Month in Company History

Retrieved on: 
Tuesday, September 8, 2020
Drugs in the United States, Cannabis in California, Medical Marijuana, Inc., Cannabis industry, Cannabis, Cannabis in Canada, Legal history of cannabis in Canada

SAN DIEGO, CA, Sept. 08, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Medical Marijuana, Inc. (OTC: MJNA) (the Company), the first-ever publicly traded cannabis company in the United States that launched the worlds first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Japanese division of its subsidiary Kannaway had its best revenue month ever in Company history inJuly 2020.

Key Points: 
  • SAN DIEGO, CA, Sept. 08, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Medical Marijuana, Inc. (OTC: MJNA) (the Company), the first-ever publicly traded cannabis company in the United States that launched the worlds first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Japanese division of its subsidiary Kannaway had its best revenue month ever in Company history inJuly 2020.
  • Kannaway is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products.
  • Medical Marijuana, Inc.s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com .
  • Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

420Property.com Sees Surge in Demand for Cannabis Businesses and Property Due to 2020 Election and COVID-19

Retrieved on: 
Wednesday, August 19, 2020
Herbalism, Medicinal plants, Drugs in the United States, Medicine, Cannabis in the United States, Drug policy of the United States, Cannabis law, Cannabis, Legality of cannabis, Medical cannabis, Legal history of cannabis in the United States, Cannabis in California

The following states will be voting on cannabis laws: Arizona, Montana, New Jersey, and South Dakota are voting to legalize the recreational use of cannabis.

Key Points: 
  • The following states will be voting on cannabis laws: Arizona, Montana, New Jersey, and South Dakota are voting to legalize the recreational use of cannabis.
  • Mississippi, Nebraska, and South Dakota are voting to legalize the medical use of cannabis.
  • Many cannabis businesses have reported as much as a 30 percent surge in sales due to increased demand during the COVID-19 pandemic.
  • For these reasons, 420Property.com has seen a dramatic increase in demand for cannabis business licenses for sale and turnkey cannabis businesses for sale.

GreenScreens Partners With The Last Prisoner Project To Address Injustice In Cannabis Policy And The ‘War on Drugs’

Retrieved on: 
Tuesday, August 18, 2020
Cannabis, Drugs in the United States, Cannabis smoking, Entheogens, Euphoriants, Drugs, Steve DeAngelo, Decriminalization of non-medical cannabis in the United States

The organization was formed by a network of cannabis industry leaders, criminal and social justice advocates, policy and education experts, and leaders in social justice and drug policy reform.

Key Points: 
  • The organization was formed by a network of cannabis industry leaders, criminal and social justice advocates, policy and education experts, and leaders in social justice and drug policy reform.
  • The Last Prisoner Project provides training materials for store staff, as well as consumer-facing informational materials for participating retailers.
  • Its our belief that working together, cannabis industry leaders can alleviate the inequities created by cannabis legalization.
  • The Last Prisoner Project (LPP) is a coalition of cannabis industry leaders, executives and artists dedicated to bringing restorative justice to the cannabis industry.

Medical Marijuana, Inc. Subsidiary Kannaway® Announces July 2020 as Best Month in Company History for Japanese Division

Retrieved on: 
Thursday, August 13, 2020
Drugs in the United States, Cannabis in California, Medical Marijuana, Inc., Drugs, Cannabis industry, Cannabis, Cannabis in Canada, Legal history of cannabis in Canada

SAN DIEGO, CA, Aug. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Medical Marijuana, Inc. (OTC: MJNA) (the Company), the first-ever publicly traded cannabis company in the United States that launched the worlds first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Japanese division of its subsidiary Kannaway had its best month ever in Company history inJuly 2020.

Key Points: 
  • SAN DIEGO, CA, Aug. 13, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Medical Marijuana, Inc. (OTC: MJNA) (the Company), the first-ever publicly traded cannabis company in the United States that launched the worlds first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Japanese division of its subsidiary Kannaway had its best month ever in Company history inJuly 2020.
  • Kannaway is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products.
  • Medical Marijuana, Inc.s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com .
  • Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

Curaleaf's Select Brand Expands Into Florida Medical Market

Retrieved on: 
Thursday, August 6, 2020
Drugs in the United States, Dispensary, Pharmacy, Cannabis in the United States, Health, Cannabis, Drug policy of the United States, Cannabis dispensaries in the United States, Openvape

Select, known as America's #1 Cannabis Oil Brand, has been on a path of rapid expansion since Curaleaf acquiredit in February 2020.

Key Points: 
  • Select, known as America's #1 Cannabis Oil Brand, has been on a path of rapid expansion since Curaleaf acquiredit in February 2020.
  • Select products are now available at over 950 independent dispensaries across 12 states, including Arizona, California, Colorado, Connecticut, Florida, Maryland, Michigan, Nevada, Oklahoma, Oregon, Massachusetts, and Maine.
  • The Select brand will continue to expand across the U.S., with its launch into Ohio's medical market later this month.
  • By way of the Medical Use of Medical Marijuana Act, vertically integrated (seed to sale) operations are required in the state.

Medical Marijuana, Inc. Subsidiary HempMeds® Co-CEO Caroline Heinz Featured in Yahoo! Finance

Retrieved on: 
Tuesday, June 30, 2020
Cannabis, Biofuels, Hemp, Herbs, Medical Marijuana, Inc., Drugs in the United States, Drug policy of the United States, Industrial Hemp Farming Act

"At HempMeds, hard work and passion are what make our leaders and, ultimately, what lead to the quality of our hemp-based CBD products."

Key Points: 
  • "At HempMeds, hard work and passion are what make our leaders and, ultimately, what lead to the quality of our hemp-based CBD products."
  • She was also able to grow the Company's sales in Brazil, successfully establish two HempMeds Brasil offices, create a network of Brazilian doctors and medical professionals.
  • Medical Marijuana, Inc.'s headquarters is inSan Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com .
  • Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.