With legalization of marijuana becoming more and more widespread across the United States, a formerly underground industry has been making its way into the larger world of legal business. Innovative Industrial Properties, Inc. (IIPR) is one of the latest and most notable companies focusing on marijuana to hit the markets, and the company had a fairly quiet IPO on Thursday, December 1. What makes IIP a standout compared with other marijuana-focused companies, and what should investors expect from this business?
While prospective California cannabis businesses were notified recently by the Department of Tax and Fee Administration that they need to go ahead and register with the CDTFA for a seller’s permit, there are seven additional things California cannabis businesses need to know about tax rates and registration.
In an effort to increase racial diversity in the state’s medical cannabis industry, the Maryland Legislative Black Caucus has announced plans to introduce a bill during the next legislative session that would award additional medical cannabis licenses to businesses owned by African-Americans.
Patients in the state of New York suffering from post-traumatic stress disorder will now be able to use medical cannabis to treat PTSD.