BudDigest

California officials said that a recent auction aimed at recouping more than $14.4 million in unpaid cannabis industry taxes earned just over $2,000, the North Bay Business Journal reports.

The auction was held February 16 in the California Highway Patrol’s parking lot in Los Angeles and officials reported having earned a scant $2,075 by the time the auction wrapped.

The auctioned-off items were seized during law enforcement raids on ten “non-compliant” cannabis companies in southern California. Officials did not name the ten companies from which the products were seized but they noted that only one of the companies had been actually licensed to retail cannabis products.

The auction covered a variety of items including glass bongs, office supplies, and furniture from multiple cannabis retailers including vending machines and a snowcone maker. 

It was the first time the state resorted to selling bongs and other personal possessions seized from a tax-delinquent cannabis company but officials had previously auctioned off some commercial property recovered from similar seizures. Funds from the auction will be applied to the companies’ considerable tax debts, the report said.

Licensed cannabis operators in California have a difficult time finding success in the industry between high fees, steep taxes,

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Canadian government officials are increasing the regulatory fees paid by licensed cannabis operators to match Canada’s 4.4% inflation rate from April 2022 to April 2023.

The fee increases will take effect starting April 1, 2024; the money collected is supposed to be used to regulate the country’s federally legal cannabis market.

The Canada Gazette, which is published by the federal government, said the fees are to be adjusted each year on April 1 to reflect changes in the “April All-items Consumer Price Index for Canada … for the previous fiscal year and rounded to the next highest dollar.”

As a result, these are the new regulatory fees for Canada’s cannabis industry:

The micro-cultivation license application screening was increased from $1,886 to $1,969. The standard cultivation license application screening was increased from $3,767 to $3,933. The cannabis nursery license application screening was increased from $1,886 to $1,969. The micro-processing license application screening increased from $1,886 to $1,969. The standard processing license application screening was increased from $3,767 to $3,933. The medical sales license application screening was increased from $3,767 to $3,933.

In addition to the application screening fees, Canadian cannabis operators are expected to pay an annual regulatory fee,

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Reminder! We are all set for our latest cannabis business webinar, tomorrow, February 28th, focused on “Cannabis Loans and Investments”.

In 2024, a constellation of factors makes things very interesting for both cannabis industry investors and businesses:

More states are open for business and investment than ever before In the macroeconomic environment, interest rates are high (especially compared to a few years back), but rates are projected to come down again Many cannabis businesses are struggling, but marijuana may move to Schedule III at some point this year, increasing margins

Whether you’re an investor eyeing favorable debt or equity terms, or a cannabis entrepreneur seeking to secure finance, this webinar has you covered. Equip yourself with financial insights that can help you stride confidently in this ever-evolving industry.

Topics of focus:

The intricacies of the cannabis financial landscape Risk management Navigating lending complexities Capitalizing on investment opportunities Potential impacts of the proposed re-scheduling of marijuana

We’ll also tackle some of the pressing issues such as regulatory challenges and how to navigate the cannabis industry with secure financial strategies.

Don’t miss out: this is your step towards becoming a well-informed player in the world of

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Sohan Bashar, joined by his wife and daughter, cuts the ribbon with staff and OCM rep Damian Fagon and Cannabis NYC founder Dasheeda Dawson (right)

Photo by Athena Dawson

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Jamaica’s second recreational cannabis dispensary opened on Friday, Feb. 23, with the owner and his family holding a grand opening celebration.

Silk Road NYC, located at 166-30 Jamaica Ave.,  is the second licensed cannabis shop to open in downtown Jamaica, with the other being Good Grades that opened last year. Silk Road is owned and operated by Sohan Bashar, who grew up in Jamaica Queens and made history as the first Bangladeshi owner of a NYC certified dispensary.

Bashar has a longstanding relationship with cannabis and was busted on felony charges for selling pot prior to its legalization in 2021. “I’ve been in this community serving this community with clean cannabis before all of the New York roll out. I was one of the ones that would source these products myself,” he said. 

Bashar was able to open the dispensary after applying for a CAURD license,

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The Jersey City Cannabis Control Board (CCB) granted final approval for the Golden Door Dispensary to open, as well as initial approval for cultivator Glue Lagoon Farms, with two other dispensaries given the initial okay and one carried at last night’s meeting.

By Daniel Ulloa/Hudson County View

The public hearing was also technically a reorganization meeting, though Brittani Bunney will remain chair for a third term and Jose Cantarero will be vice chair for a second term.

Golden Door Dispensary LLC, at 638 Newark Ave., was reviewed first for final approval. According to his LinkedIn profile, owner Brett D’Alessandro lives in Verona and he is among several cannabis companies doing business in New Jersey that won a state grant.

Additionally, Golden Door Dispensary secured a conversion to the annual license needed to open from the NJ Cannabis Regulatory Commission (NJCRC) last August and received their initial CCB approval in October 2022.

“Welcome back. It has been a long, strange trip. Have you been able to successfully convert?” CCB attorney Ron Mondello said, which D’Alessandro said they had and secured permits from the city.

The board didn’t need to hear much more than that, unanimously approving the application 4-0,

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Our GreenState Curators independently research and recommend merchants in these cannabis dispensaries in Clark County, Illinois listings. There is no newsroom involvement in this process. Merchants can pay for a sponsored listing. Any paid listings are marked as “Paid Advertisement” and include a disclaimer on the merchant-provided content for transparency. 

From beautiful Mill Creek Lake to Casey, home of the world’s largest pitchfork, yardstick, pencil, rocking chair, and mailbox, Clark County, IL has something for everybody – not excluding cannabis aficionados. Ever since Illinois legalized the purchase, possession, and use of recreational marijuana in 2020, dispensaries have sprouted up across the state. 

Two cannabis dispensaries in Clark County, Illinois are especially worth your time, with their teams of highly-trained budtenders, a dazzling array of cannabis products and paraphernalia, and commitments to educating Illinoisans about the ins and outs of recreational cannabis. If you’re looking for relief from the pain of an injury or ailment, or you’re just looking to enrich your downtime, you’ll find the perfect dispensary in Clark County with our guide.

This review was crafted using rigorously researched third-party data. We don’t rely on how dispensaries describe themselves; our curators independently compiled this list according to a set

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The former Rite Aid storefront at 14 South Centre Street bills itself as ‘the closest adult-use dispensary to Philadelphia,’ and is walkable to many of its employees. Its ribbon-cutting is set for 2 p.m. March 1.

By Matt Skoufalos | February 26, 2024

Gynsyng Merchantville exterior. Credit: Matt Skoufalos.

The newest cannabis dispensary in Camden County is also among the first in the region to be situated in a walkable downtown context.

Owners Tom and Jana Murzenski opened the doors to Gynsyng Dispensary in Merchantville last Thursday to little fanfare but steady foot traffic; in fact, most of the 17-member store crew commutes there without the use of a car.

The former Rite Aid at 14 South Centre Street, which had been darkened for a few years, now has new commercial life, and its owners believe that a refresh and repurposing of the space will integrate nicely within the borough business district.

Local leadership believes in that plan as well, with Merchantville Mayor Ted Brennan describing the shop as part of “a critical mass” of service-oriented businesses in the central downtown as recently as 2022.

Its location has historically housed a pharmacy throughout

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In a groundbreaking move that intertwines the pursuit of medical relief with a narrative of personal triumph, San Diego has officially approved its first legal marijuana dispensary. At the heart of this historic decision is an HIV-positive lecturer who has turned to cannabis to alleviate his symptoms, now leading the charge to offer the same solace to others. Set against the backdrop of California’s progressive stance on marijuana since 1996, this new establishment near Otay Mesa is slated to open its doors early March, marking a significant milestone in the city’s journey towards embracing medical marijuana.

AdvertismentA Leap Forward in Medical Marijuana Accessibility

The unanimous decision by the Planning Commission, fueled by compelling testimony and robust support, paves the way for this pioneering dispensary to serve as a beacon of hope and healing. With nearly 50 other cities in California already hosting such establishments, San Diego’s latest addition is poised to join the ranks, promising to deliver high-quality, tested medical marijuana. This initiative not only aims to meet the growing demand for legal dispensaries but also seeks to tackle the rampant issue of illegal pot shops scattered across the county. Supporters and city officials are united in their belief that

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The surge in demand for CBD products has flooded the market with multiple avenues to buy the products. CBD is now sold in stores, online websites, and even dispensaries, but where should you buy your CBD oil or gummies from?

What’s the difference between a store and a dispensary? How the purchasing experience differs, we will try to answer all such questions in this article today so that you can make an informed decision and explore the amazing benefits of CBD without any hassle.

All the reputable CBD companies now have their products placed in multiple stores and dispensaries across the country, and many people prefer to buy products through such retail outlets, but stores and dispensaries have some key differences among them. Let’s take a closer look at them.

What’s a CBD Store?

CBD stores are like your general health store, where you can buy CBD products for general wellness and recreation. This is perfect for people who just want to casually take a look at products from different brands, explore what’s new in the market, and get an in-hand feel of the products to gauge the value a brand offers.

Here you can buy CBD products without any specific medical card or license.

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DES MOINES, Iowa (Gray Television Iowa Capitol Bureau) – More medical marijuana dispensaries could soon be coming to Iowa. Tuesday, a House subcommittee unanimously approved a bill that would double the number of dispensary licenses to 10.

Democratic State Rep. John Forbes of Polk County says that right now, medical marijuana isn’t accessible for most Iowans. “Patient access to medical cannabis here in the state of Iowa is a concern, especially in certain areas of the state. People have to drive two hours plus. Most people won’t do that,” Forbes said.

But – the bill would also cap the number of dispensaries a license holder could have. Tim Coonan, a lobbyist representing the Green Leaf Cannabis Company said, “It’s a highly regulated, highly speculative. Right now, it’s in its infancy and so I think in line with that, the idea of facilitating the opportunity for more market players, there may be more value in that.”

The Green Leaf Cannabis Company doesn’t have a license but wants in. “Our thought was that to open it up to more market players, it would be wise to limit the number of licenses being held by one entity to three, since that’s the max being held right

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