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Legalcannabis

All articles tagged with #legalcannabis

business-and-economy2 years ago•3 min saved

"New York's Legal Cannabis Industry: Booming Sales and the Battle Against Illicit Markets"

New York's legal cannabis industry is taking shape with companies like Honest Pharm Co. and Bristol Extracts leading the way. Honest Pharm Co. has transitioned from growing non-psychoactive hemp to cultivating cannabis for THC products, using cloning techniques to ensure consistency. Bristol Extracts, which also started with hemp, now creates THC distillates for various brands, including fast-acting nano edibles. These products are tested by third parties before reaching retailers like Finger Lakes Cannabis Company, offering consumers standardized and safe options for both recreational and medicinal use.

via News10NBC|

##business-and-economy #cannabiscultivation

legalcannabis2 years ago•8 min saved

Marijuana Companies Challenge Federal Prohibition in Landmark Lawsuit

A coalition of marijuana businesses, including Verano Holdings Corp., Canna Provisions, and Wiseacre Farm, has filed a lawsuit against the U.S. attorney general, seeking to block the federal government from enforcing cannabis prohibition against their state-legal activity. The lawsuit argues that perpetuating prohibition in state markets is unconstitutional, creating public safety risks and hindering access to critical financial services and tax deductions. The plaintiffs claim that the federal government has abandoned its mission to eradicate marijuana and lacks a rational purpose for maintaining the ban. They argue that the ban on intrastate marijuana commerce is an unconstitutional imposition on state sovereignty and harms both businesses and communities. The lawsuit also highlights the impact of prohibition on low-income communities and small businesses.

via Marijuana Moment|

#federal-prohibition #financial-services #lawsuit