Muscimol is a naturally occurring psychoactive compound with a history as rich and diverse as the mushrooms from which it is derived. Most notably found in the Amanita muscaria, commonly known as the fly agaric or fly amanita, muscimol is responsible for the characteristic psychoactive effects associated with this iconic red-and-white mushroom. When ingested, muscimol […]
Category Archives: Business
Salem is one of the oldest and most interesting cities in our nation. First settled in the early 1600s, it was the second official community in Massachusetts, following Plymouth a few years prior. Perhaps one of the most infamous (and disturbing) points in the town’s history was the witch trials of 1692 in which at […]
Loopholes are fun. They provide a way to get around a law, without really breaking it; by taking advantage of inconsistencies or gaps in specifics. Sometimes they really exist, and sometimes they’re ideas that are simply not worth fighting by regulators. The most recent loophole to rock the cannabis world, is surrounding the use of […]
Business, Canada cannabis taxes, Canada excise taxes, Canada Revenue Agency, Canada sin taxes, Cannabis, cannabis excise taxes, Cannabis industry problems, cannabis sin taxes, failing cannabis industry, Global / Local, Industry, Insights, News, Opinion, Recreational, Regulations, sin excise taxes
The Taxman Cometh: Canada Now Going After Unpaid Cannabis Taxes
Every other weed headline is about Canada’s failing market; whether it targets the companies closing down, the dismissal of employees, or reporting major losses and restructuring plans. Now, in a move that shows the strains within, Canada is sending out the taxman to collect unpaid cannabis excise taxes from legal producers in the country. Most […]
Business, Cannabinoids, Cannabis, Featured, Global / Local, Industry, legal cannabis state, Minnesota adult-use, Minnesota cannabis, Minnesota edibles, Minnesota legalization, Minnesota loophole, Minnesota recreational, News, Recreational, Regulations, state cannabis laws
Minnesota About to Become 23rd Adult-Use State
Minnesota lawmakers recently passed a bill for adult-use cannabis, and sent it to the governor’s office. The expected signature will make the state the 23rd in America to legalize recreational cannabis. The funny thing? Though this legalization would be full-scale, Minnesota has allowed a weed edible products market, since last year. News on Minnesota as […]
A recent report from The Denver Post analyzes the fallout of the post-pandemic cannabis industry in Colorado. While once the state reached a peak of $226 million in combined recreational and medical cannabis sales, current sales have decreased and small businesses struggle to stay afloat. “The market’s just bad. It’s bad right now,” cannabis salesperson […]
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Oregon 1st Magic Mushroom Center Released Expensive Pricing
We’ve been talking about it for a while, and speculating on what to expect. Even as the cannabis industry takes a nose dive due to high regulatory and tax costs, it seems no lesson was learned for the legal psychedelics industry. Something made clear when an Oregon company released information for the first magic mushroom […]
It’s a subject that comes up a lot, yet with little done to show the powers-that-be understand, or are willing to make useful changes. According to Whitney Economics, the already overtaxed cannabis industry paid an additional $1.8 billion in unnecessary taxes in 2022 alone. And to the federal government, no less. Why is this happening? […]
Some states get a lot of attention when they pass marijuana legalization bills, and some go more under the radar. The latter is the case with Delaware, which quietly passed a recreational bill last month. Read on for details. Delaware recreational cannabis legalization Delaware is a pretty small state, which might explain why its recreational […]
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After Tax Restructuring, California Weed Market Still Going Down
It was a big story last year when the state of California finally changed it cannabis tax structure so as to help its ailing weed market. But was enough done? Or even the right things? Now, many months after this tax restructuring, the California cannabis market looks like it might well tank out. How did […]