A tax hike on marijuana products requested by Ohio Gov. Mike DeWine was not included in a state budget plan released this week, possibly saving state cannabis companies from having to raise prices at dispensaries. Republican leaders at the state capitol insisted this week they would avoid raising taxes whenever …
Ohio: Governor’s Proposed Doubling of Marijuana Sales Tax Nixed
NORML has consistently lobbied against the proposed hikes, arguing that increasing taxes will unduly burden both consumers and licensed retailers. The post Ohio: Governor’s Proposed Doubling of Marijuana Sales Tax Nixed appeared first on NORML.
Standard Wellness received $14M facility from AFC, retires other debt
Standard Wellness Holdings LLC secured a $14 million senior secured credit facility from Advanced Flower Capital (NASDAQ: AFCG), the companies announced Thursday. The vertically integrated cannabis company will use the funding to refinance existing debt, including full repayment of its debt facility with Focus Growth Capital Partners and early repayment …
City View Green decides to officially ditch cannabis for tech
City View Green Holdings (CSE: CVGR) (OTC Pink: CVGRF) recently warned investors it was considering a pivot out of cannabis and becoming an investment issuer. Now it’s making that official. The company has proposed to spin out its wholly owned subsidiary, 2590672 Ontario Inc. Following the spin-out transaction, the company …