Opinion: Why aren’t your cannabis customers paying you?

Source: California cannabis companies’ recent attempts to recoup substantial debts have many in the industry asking: How did this credit crisis happen, and how can my company prevent similar issues? The problem with extending credit is that unless you evaluate the credit worthiness… Read the rest on

California reports 94% of marijuana excise taxes paid as sales, revenue dip

Source: Nearly 94% of cannabis excise taxes that marijuana businesses owed to the state of California have been paid, according to state officials, who also noted that both total sales as well as tax revenue declined in 2022. Cannabis sales in California are subject to two main taxes: the state’s basic sales tax, which… Read More »

Source: A settlement between New York cannabis regulators and a Michigan plaintiff will finally open up retail licensing in the state’s Finger Lakes region. The five-member Cannabis Control Board this week unanimously approved the agreement with Michigan-based Variscite NY One, according to The (Syracuse) Post-Standard’s NY Cannabis… Read the rest on

Cannabis growers eye AI, other digital tools to improve crops and boost productivity

Source: Cannabis growers are looking closely at mainstream agricultural technology to gain a new level of precision cultivation that employs everything from artificial intelligence and augmented reality to robots and drones. The goals: better-quality cannabis, lower labor costs and improved productivity…. Read the rest on

States Have Generated Over $15 Billion In Marijuana Tax Revenue Since 2014, Though Earnings Declined Last Year, Report Finds

Source: States have collectively generated more than $15 billion in adult-use marijuana tax revenue from 2014 to 2022, a new report published on Monday by the Marijuana Policy Project (MPP) found. But while legal states saw about $3.8 billion in cannabis tax dollars in 2022 alone, it represented the first time that revenue was… Read More »

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