Pot business News

Alaska Marijuana Tax Revenue over $1M in September

Marijuana tax collections in Alaska dipped slightly in September but still totaled about $1.5 million. Figures released by the state Revenue Department show tax revenue of $1.48 million in September, compared to $1.54 million in August, which remains the high. …

Judge Dismisses County’s Case Against Oregon Marijuana Legalization

A federal judge has dismissed a lawsuit filed by Josephine County against the state of Oregon over legalized marijuana. The Daily Courier reported that U.S. District Judge Michael McShane earlier this week signed a formal order dismissing the lawsuit. It …

Marijuana Legalization Advocates Seek Foothold in Midwest States

Backers of broad marijuana legalization are looking to break through a geographic barrier in November and get their first foothold in the Midwest after a string of election victories in Northeastern and Western states. Michigan and North Dakota, where voters …

Rural Nevada Areas Not as High on Recreational Marijuana

Despite more marijuana licenses available from the state, parts of rural Nevada continue to shun the business. But in other parts of rural Nevada, seeds of industry might be sprouting. Las Vegas dispensary Acres Cannabis has a dispensary under development …

California Cannabis Banking Bill Clears Senate, Heads to Assembly

A California bill to establish a state charter bank for cannabis businesses has passed the Senate Floor. Senate Bill 930, authored by state Sen. Bob Hertzberg, D-Van Nuys, would enable banks to issue checks to cannabis business accountholders to be …

San Francisco Becoming Haven for Amsterdam-Style Marijuana Lounges

The smoke was thick and business brisk at the Barbary Coast Dispensary’s marijuana smoking lounge, a darkened room that resembles a steakhouse or upscale sports tavern with its red leather seats, deep booths with high dividers, and hardwood floors. “There’s …

Tribes Left out of California Marijuana Pondering Growing Their Own

American Indian tribes that say they have been cut out of California’s legal marijuana market have raised the possibility of going their own way by establishing pot businesses outside the state-regulated system that is less than two months old. The …

California Marijuana Growers Lagging in Getting Licenses, New Report Shows

Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state’s known growers have been licensed, according to a report released by a pot industry group. The 38-page report from the California Growers Association …

Taxpayer-Backed Bank for Pot Money Proposed in California

California officials announced this week that they will take a detailed look at the possibility of creating a taxpayer-backed bank to handle what could be billions of dollars in revenue generated by the state’s legal marijuana industry. State Treasurer John …

Oregon Governor Warns Trump to Keep Hands off Oregon Legal Pot Business

Oregon Gov. Kate Brown says the federal government should leave the state’s legal marijuana industry alone. Brown says that if the Trump administration makes a move against legalized recreational marijuana, it would be going against its own goals such as …