Green Market Report

New York State Senator Jeremy Cooney introduced a bill Wednesday that could change the current marijuana tax structure. Under the proposed measure (S4831), marijuana tax would be taxed at a flat 20% rate, versus the current tax, which is based on THC potency and flower weight,...

Over a year after New York Gov. Kathy Hochul (D) pledged $200 million to support social equity applicants in the state's burgeoning marijuana market, the fund is still pending its first investment. However, Reuben McDaniel III, DASNY's president and CEO, told Marijuana Business Daily...

One of the biggest multinational sportswear companies in the world, Nike (NYSE: NKE), is challenging a Texas-based CBD business trademark application. Nike’s main brand logo “Just Do It” has been known for years around the globe, and this is not the first time the athletic...

A court in Luleå, Sweden granted the right to Swedish attorney Lars Olofsson to proceed with the case against Meta Platforms Inc. (NASDAQ: META) CEO Mark Zuckerberg. The lawsuit argues that the Facebook platform has a responsibility for its role in a recent marijuana investment scheme,...

U.S Cannabis Cultivators Producing Nearly 50 Million Pounds Of Marijuana Per Year In 2022, the total amount of marijuana grown both legally and illegally is expected to surpass 48.8 million pounds, according to Whitney Economics’ calculations. 2022 U.S. Cannabis Supply Report anticipates that...

Remember the recent massive Ponzi scheme organized by marijuana investment platform JuicyFields? The pyramid scam that guaranteed 66% returns in three months then suddenly froze all cash withdrawals and deleted its accounts from social media? ...

 In June, U.S. inflation hit a four-decade high, with the consumer price index climbing 9.1% from the previous year. This represented the biggest gain since the end of 1981, according to Labor Department data, and reported by Bloomberg. This mostly impacted gasoline,...

Billionaire William “Beau” Wrigley Jr, heir to the Wrigley chewing gum fortune, is in a court battle over a failed deal with vertically-integrated marijuana company Parallel to buy six Chicago cannabis companies.  Wrigley is already facing lawsuits over...

Redman introduced the new National Cannabis Party at the recent Cannabis World Congress & Business Exposition (CWCB) in New York City. The rapper co-founded the party with Sephida Artist-Mills, the current president of the group, who also spoke about the party’s plans,...

The Allman Brothers are joining a growing number of celebrities who are getting into the cannabis movement, Green Market Report writes. The band is launching a strain in Illinois they're calling Chocolate Chunk. The Indica dominant strain is available for purchase in 3....

Below is a recap of the main news related to the cannabis industry and markets for the week of February 7, 2022. Contents Schumer Urges Senators To Help Finalize Marijuana Legalization Bill No Weed At The Super Bowl Canopy Growth’s Quarterly Results And Analyst Reactions Leafly...

Below is a recap of the main news related to the cannabis industry and markets for the week of January 24, 2022. Contents Amazon Supports GOP's Legalization Bill New York Relaxes Medical Rules Markets M&A Financings Earnings Reports First Cookies Dispensary In...

Below is a recap of the main news related to the cannabis industry and markets for the week of January 17, 2022. Contents Senate Candidate Smokes A Blunt In Campaign Ad Silver Spike IPO Fire & Flower Files For Nasdaq Biden Won't Keep His Cannabis Decriminalization Promise...

MJBiz confirmed Tuesday it has been acquired by the New York-headquartered b2b event and media company Emerald Holding Inc. (NYSE: EEX) for $120 million in cash plus potential earnouts. The deal includes MJBiz Con, one of the oldest and largest cannabis-focused trade shows, as well as...

Below is a recap of the main news related to the cannabis industry and markets for the week of December 13, 2021. Contents Pfizer Getting Into Cannabis Visa vs. Cannabis Retailers Malta's Parliament Says Yes To Cannabis Markets M&A Financings Earnings And Dividends...