Cannabis-infused drinks might be a small product category right now, but it’s forecast to become a multibillion dollar market in just a few years. However, it isn’t regulated cannabis THC drinks sold at dispensaries driving the growth; it’s hemp-derived THC drinks. According to Future Market Insights, the cannabis drinks market …
The California cannabis industry is increasingly underwater with its tax bills to the state, and it appears that the primary tax authority wants to ensure more effective collections. According to the California Department of Tax and Fee Administration, the state industry’s total outstanding tax tab neared $1.3 billion as of …
The Minnesota Office of Cannabis Management will hold its first lottery for recreational cannabis business permits on Tuesday, the agency announced just before the weekend, in an apparent move to fast-track the new market launch. The OCM lottery will be live-streamed on the agency’s YouTube page, the OCM said in …
Two men are hoping for a larger class action lawsuit against Illinois-based hemp vape maker Lifted Liquids (OTC: LFTD) for making products that exceed the legal amount of delta-9 tetrahydrocannabinol (THC). Law360 reported that Josue and Sergio Hernandez filed the proposed class action lawsuit in an Illinois federal court on …