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How lobbyists broke the logjam on cash and cannabis

The 151-year-old Scotts Miracle-Gro Co. doesn’t sell weed. It sells plant food and other gardening products, including its flagship Miracle-Gro brand fertilizer in iconic green and yellow packaging. But over the past few years, Scotts has started tapping into the growing demand for cultivating cannabis, which 33 states have legalized in some form.

Source: How lobbyists broke the logjam on cash and cannabis

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OLCC Approves Marijuana Licensee Stipulated Settlements

License Surrender for Exceeding Daily Purchase Limits Commissioners Air Concerns about Marijuana Licensees with Habitual Bad Behavior OREGON: At its monthly meeting on   October 17, 2019   the Commissioners of the Oregon Liquor Control Commission approved six marijuana violation stipulated settlement agreements.

Source: OLCC Approves Marijuana Licensee Stipulated Settlements

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Rock Island City Council votes to establish 3% sales tax on marijuana

Extreme weather this year of record cold, and rain, along with a drought at times threw off the timing for farmers this year. That leaves them behind on the harvest. A lot of farmers couldn’t plant their corn and soybeans until June, because of the rain, but with positive weather predicted in the forecast, farmers are looking to take advantage on what should be a dry week.

Source: Rock Island City Council votes to establish 3% sales tax on marijuana

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Winthrop Harbor estimates up to $100K in revenue after giving green light to marijuana sales

“Most of them are for it,” Mayor Michael Bruno said after the meeting, referring to local residents. He said he’d had conversations with residents outside official meetings, and the general attitude towards legal cannabis sales was positive.

Source: Winthrop Harbor estimates up to $100K in revenue after giving green light to marijuana sales

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Software is the hot thing in cannabis right now

none From lowering energy usage to developing point-of-sale systems to connecting grow facilities with dispensaries, software is shaping the quickly evolving cannabis industry — and making headlines every day. On Oct. 15, Forbes declared, “Investors are pouring money into marijuana software,” and highlighted Denver-based Flowhub, which just raised $23 million to expand sales of compliance and point-of-sale software to marijuana dispensaries nationwide.

Source: Software is the hot thing in cannabis right now

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Cannabis was supposed to be a tax windfall for states. The reality has been different.

States looking to legalize recreational marijuana might believe they’re going after easy money. Think again. States that have legalized recreational cannabis are finding that it’s not always the cash cow they envisioned. And there are plenty of other complicated issues to confront as they try to create and manage a legal market for a product long considered taboo.

Source: Cannabis was supposed to be a tax windfall for states. The reality has been different.