2024-04-26 19:13
The Potential in Cannabis Industry Finance
The legal cannabis industry is one of the fastest-growing markets in the world, with spending projected to reach $47 billion globally by 2025. The… Read More
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Monarch Technologies, Inc. is a fully licensed Money Transmittal Service Provider. Currently, we are operating as a Fintech services provider for the legitimate Hemp industry, serving businesses, governmental compliance entities, and consumers. We’ve developed a proprietary business banking compliance platform called Monarch. Monarch was built after years of industry research from client frustration and misunderstanding of how to handle compliance, taxation, and payments in the Hemp/CBD industry.
2024-04-26 10:00
The Louisiana House Health and Welfare Committee recently passed House Bill 707 in a unanimous vote to propose a regulatory framework for the state’s cannabis legalization.
The measure… Read More
2024-04-26 10:00
There’s yet another compelling reason to legalize weed. According to new research, states that have legalized cannabis also experience a “moderate relative decrease” in imm… Read More
2024-04-26 10:00
The U.S. Drug Enforcement Administration has urged a federal appeals court to deny a doctor’s attempt to administer psilocybin to dying patients under so-called Right to Try legislatio… Read More
2024-04-25 10:00
The Drug Abuse Resistance Education, aka D.A.R.E., has been teaching kids about substance abuse since 1983 with a mission of delivering science and evidence-based curricula. Recently, a D.A… Read More
2024-04-25 10:00
Employees at one of the country’s largest cannabis companies have reportedly fled their union amid a dispute over wages and dues.
The outlet MJBizDaily reports that workers at one of C… Read More
2024-04-25 10:00
An Arizona church has reached a settlement in a lawsuit against the U.S. Drug Enforcement Administration and other federal agencies that allows the Indigenous religious organization to use t… Read More
2024-04-25 10:00
In an announcement last week, Governor Kathy Hochul announced that the state of New York reached a significant milestone: the grand opening of the state’s 100th Conditional Adult-Use R… Read More
2024-04-25 10:00
According to a Swedish customs official, authorities confiscated approximately 1.4 tons of cocaine last week in a port near Stockholm, as reported by Associated Press.
While the precise figu… Read More
2024-04-24 19:54
The legalization and decriminalization of cannabis across the United States have led to explosive growth in the cannabis industry. Once operating entirely in the shadows, cannabis businesse… Read More
2024-04-24 10:00
The nascent cannabis market in Japan has reportedly seen a massive increase in recent years.
That is according to a newly published report by Euromonitor International, which revealed… Read More
2024-04-24 10:00
It’s a given that Election Season comes with a slew of messages from all sides, and the Congressional Progressive Caucus (CPC) is throwing its hat in the ring with a new legislative ag… Read More
2024-04-24 10:00
A Maine man was arrested and held without bail last week for allegedly operating an unlicensed cannabis operation in a rural area about 60 miles north of Bangor, according to law enforcement… Read More
2024-04-24 10:00
More than 440,000.
That is the approximate size of the cannabis industry’s labor force in this country, according to newly published research.
The data, compiled by Vangst and Whitney… Read More
2024-04-24 10:00
A new article published in the Federal Register in February, which prefaced a digital Drug Testing Advisory Board (DTAB) meeting that was held on March 5. The topic of the article and the me… Read More
2024-04-23 10:00
States where recreational marijuana has been made legal are seeing upticks in college applications, including from elite students.
That is the takeaway of a study published late last y… Read More
2024-04-23 10:00
Although the official city-sanctioned 4/20 celebration on Hippie Hill in San Francisco was canceled this year, it still attracted thousands of people to gather on the holiday.
According to a… Read More
2024-04-23 10:00
Illinois Governor J.B. Pritzker took to the campaign trail over the weekend to stump for President Joseph Biden, taking advantage of the 420 weed high holiday as an opportunity to tout the c… Read More
2024-04-22 20:42
In dealing with financial transactions within the legal cannabis industry, one crucial element takes center stage: Tax Impounding at the Point of Sale. As cannabis businesses strive to navig… Read More
2024-04-22 10:00
There’s another attack on the First Amendment for you to worry about, especially if you live in Colorado. The Centennial State’s Senate approved an epically terrifying social med… Read More
2024-04-22 10:00
Plentiful research and anecdotal evidence has suggested that cannabis could be a useful harm reduction tool to help folks wean off of other substances that are more addictive and harmful. Wh… Read More
2024-04-22 10:00
Entertainment hosts in Las Vegas are noticing a significant decrease in Gen Z (those born between 1997-2012) drinking alcohol. Paired with an overall increase in cannabis use by younger cons… Read More
2024-04-22 10:00
A hemp producer based in Dayton, Ohio has a new customer for its crop after the firm signed a deal with a processor in nearby Michigan to provide raw material for hemp-based bioplastics. Und… Read More
2024-04-19 18:58
Choosing technology partners is one of the most critical business decisions in the Cannabis sector. The wrong solution can derail your compliance, while the right one provides peace of mind… Read More
2024-04-19 10:00
Florida has been front and center as of late, after the state Supreme Court recently ruled that its amendment to legalize adult-use cannabis is fit for the ballot in this year’s electi… Read More
2024-04-19 10:00
Amid declining revenues and plunging prices, officials in one California county are considering a proposal that would ease some of the financial stress currently felt by area cannabis cultiv… Read More
2024-04-18 10:00
New York is continuing its slow roll toward expanding the number of cannabis businesses operating throughout the state. On April 12, the New York State Cannabis Control Board (CCB) approved… Read More
2024-04-18 10:00
A former disgraced pharmacist who was sentenced to prison over 20 years ago for diluting drugs for a cheap profit—impacting over 4,000 patients and likely leading to the deaths of AIDS… Read More
2024-04-18 10:00
A professional organization of physicians who support drug policy reform is calling for the regulation of intoxicating hemp-derived cannabinoids including delta-8 THC, arguing that the safet… Read More
2024-04-17 17:05
The legal landscape for CBD products in the U.S. is in constant flux, challenging Cannabis businesses to keep pace.
Behind the rapid growth sparked by the 2018 Farm Bill, there lies a labyri… Read More
2024-04-17 10:00
Illinois lawmakers last week joined representatives of the licensed cannabis industry to call for a ban on intoxicating hemp products including delta-8 THC. Under one proposal, non-intoxicat… Read More
2024-04-17 10:00
A reel posted April 10 on Instagram went viral, warning Tesla drivers that security camera video footage—even when the car is off—can be used against you in the court of law as p… Read More
2024-04-17 10:00
The newest set of data released by the Michigan Cannabis Regulatory Agency (CRA) shows that the state has once again set a new record for adult-use cannabis sales.
According to the CRA, the… Read More
2024-04-17 10:00
The campaign to legalize cannabis in Florida is alive and well, as the state’s Supreme Court ruled earlier this month that voters will be able to decide the next chapter of cannabis re… Read More
2024-04-15 18:33
The legal cannabis industry is booming across North America, but navigating the complex taxation and compliance requirements can be a major headache for cannabis businesses.
Monarch offers t… Read More
2024-04-15 10:00
The California Department of Cannabis Control (DCC) recently published an announcement regarding recent cannabis taskforce seizures. As of April 11, the Unified Cannabis Enforcement Taskforc… Read More
2024-04-15 10:00
At Munich, Germany’s Pinakothek der Moderne museum—one of Europe’s finest modern art galleries, showcasing the priceless works of Pablo Picasso, Salvador Dalí, Joan… Read More
2024-04-15 10:00
The New Hampshire House of Representatives voted last week to approve a bill to legalize recreational marijuana, marking the second time the chamber has passed the legislation. Members of th… Read More
2024-04-12 20:23
Introduction:
Cannabis businesses must meticulously track their activities and inventory to remain compliant and optimize taxes. With frequently changing regulations across different states… Read More
2024-04-12 10:00
The Alabama Senate Agriculture, Conservation, and Forestry Committee (SACFC) recently passed a bill to finally get the state’s medical cannabis program rolling.
Sen. Tim Melson is the… Read More
2024-04-12 10:00
Researchers in the United Kingdom have detected the presence of the powerful sedative xylazine in cannabis vapes and illicit pills taken to treat pain, insomnia and anxiety, putting people w… Read More
2024-04-12 10:00
A 73-year-old American man was arrested in Colombia this week for leading “cannabis tours” in his home.
Per CBS News, citing Colombian law enforcement, the unidentified man &ldqu&hell…Read More
2024-04-12 10:00
The ritzy, upscale Los Angeles neighborhood Bel Air will welcome a new arrival: a cannabis store, run by rapper Xzibit, who proudly represents the West Coast. It’s the rapper’s l… Read More
2024-04-11 20:55
A new decision of an appeal in a trademark dispute, initiated by the RAW Rolling Papers manufacturer, has widespread implications for the rolling paper industry that dismiss the claim that r… Read More
2024-04-11 10:00
Weed is finally legal in Germany, but it may still be verboten at one of the country’s signature events. According to Forbes, the “German federal state of Bavaria is conside… Read More
2024-04-11 10:00
A handful of CBD and cannabis companies turned out to be figments of the imagination as a con artist successfully duped investor after investor, but his conning spree has come to an end.
A C… Read More
2024-04-11 10:00
Senate Majority Whip Dick Durbin introduced Senate Resolution 629 on April 8 which condemns the “arbitrary arrest” of U.S. citizens in Russia, and calls for detained or imprisone… Read More
2024-04-11 10:00
Among the many states currently looking to enact measures to investigate psychedelic regulation and increase psychedelic research, Maine is one of the latest to throw its hat in the ring.&nb&hell…Read More
2024-04-11 10:00
The government of the United Kingdom has approved changes to the rules governing industrial hemp licenses designed to make it easier for farmers to grow the crop. The new regulations will su… Read More
2024-04-10 17:24
If you’re in the cannabis business, you’re no stranger to the myriad of federal and state regulations that control your industry. Section 280E of the U.S. federal tax code is the… Read More
2024-04-10 10:00
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) recently released a report sharing new data on U.S. truck drivers. The report consists of a… Read More
2024-04-10 10:00
Federal officials in New Mexico are apparently targeting state-licensed marijuana companies at border checkpoints and seizing regulated cannabis products, according to media reports.
N… Read More
2024-04-10 10:00
A 75-year-old man in New Zealand was recently discovered to have been growing 250 cannabis plants by local law enforcement.
The Central District Organised Crime Unit, which worked with the R… Read More
2024-04-10 10:00
Ohio cannabis regulators last week released a draft proposal of rules to govern recreational marijuana production and sales. Voters legalized recreational marijuana in Ohio with the passage… Read More
Drug Mixture Called ‘Kush’ In Sierra Leone Sometimes Contains Ground-Up Human Bones, Reports Say
2024-04-10 10:00
In Freetown, Sierra Leone, a cheap smoking mix that causes a powerful high—made up of cannabis, fentanyl, tramadol, formaldehyde, and reportedly in some cases, ground-up human bones&md&hell…Read More
2024-04-09 10:00
A majority of cannabis consumers who are likely to vote in this fall’s general election say they would vote for a pro-cannabis candidate regardless of their party affiliation, accordin… Read More
2024-04-09 10:00
Prison walls do little when drones can easily deliver drugs and other contraband to prisoners, and the tactic appears at prisons all across the country. Georgia Gov. Brian P. Kemp announced… Read More
2024-04-09 10:00
The residents of Freetown Christiania, located in Copenhagen, Denmark, recently began to physically dismantle a part of its community where hash has been sold illegally for decades. Accordin… Read More
2024-04-08 19:25
Ever find yourself wondering what the connection between the flourishing cannabis industry and money transmittal licenses is? If you’re like many others out there, probably not that of… Read More
Missouri Would Allocate $10 Million From Opioid Settlement To Psilocybin Research In New Budget Bill
2024-04-08 10:00
The House of Representatives in Missouri has approved a budget bill that allocates $10 million from the state’s opioid settlement funds for research grants. But not just any research g… Read More
2024-04-08 10:00
Democratic strategists see opportunities to attract Florida voters to the party’s candidates now that constitutional amendment initiatives to legalize recreational marijuana and guaran… Read More
2024-04-08 10:00
It’s widely accepted that cannabis use in adolescence, while the brain is still developing, can lead to adverse effects. Of course, studies on cannabis as a whole are still catching up… Read More
2024-04-05 19:08
In the intricate dance of the legal cannabis industry, taxation challenges loom large, casting shadows on the path to financial success. However, amidst the complexities, Monarch emerge… Read More
2024-04-05 17:00
We’re announcing the return of the highly-anticipated High Times Cannabis Cup Michigan 2024!
It’s the fifth year we’ve set up a competition in Michigan—one of o… Read More
2024-04-05 16:11
A New York court ruled in favor of Leafly Holdings and other plaintiffs that the state’s ban on third-party cannabis marketing is unconstitutional, striking down advertising rules, aft… Read More
2024-04-05 10:00
A New York state lawmaker is proposing legislation that would give regulators the authority to revoke the liquor, lottery and tobacco retailer licenses from stores that sell weed without a l… Read More
2024-04-04 10:00
At a recent legislative meeting by the Washington, D.C.’s Council of the District of Columbia meeting on April 2, the council unanimously approved the “Medical Cannabis Patient C… Read More
2024-04-04 10:00
The city-sanctioned version of the famous 4/20 Hippie Hill event in San Francisco has been canceled, but it’s not the end of 4/20 celebrations in San Francisco. SF Weed Week, will feat… Read More
2024-04-04 10:00
Around this time last month, Hawaii lawmakers and advocates were preparing for a possible shift to an adult-use cannabis market after the Senate overwhelmingly approved a bill that would leg… Read More
2024-04-04 10:00
The Iowa state Senate on Tuesday approved a bill to cap the THC potency of consumable hemp products, sending the measure to the desk of Republican Governor Kim Reynolds for consideration. Th… Read More
2024-04-04 00:27
In the fast-paced world of the legal cannabis industry, precision is paramount. Among the myriad challenges cannabis businesses face, accurate tax calculations stand out as a cornerstone for… Read More
2024-04-03 10:00
As a “laboratory of democracy,” Oregon’s experiment with decriminalizing all drugs—including hard drugs like heroin and meth—has run its course and come to an e… Read More
2024-04-03 10:00
Officials at Naropa University in Boulder, Colorado announced last week that the college will offer a minor in psychedelics studies to prepare students for careers related to the class of dr… Read More
2024-04-03 10:00
The Florida Supreme Court recently decided in a 5-2 ruling that it will not be preventing an adult-use cannabis initiative from appearing on this year’s ballot. Later this year, voters… Read More
2024-04-03 10:00
Cannabis enthusiasts across Germany took to the streets at midnight early Monday morning to smoke joints and celebrate as the European nation’s legalization of cannabis took effect on… Read More
2024-04-02 10:00
Since states across the country first began legalizing cannabis, the ability for cannabis-related businesses to advertise on social media — or even mention or show cannabis products &m&hell…Read More
2024-04-02 10:00
The Office of the Pardon Attorney (PARDON), which operates under the U.S. Department of Justice (DOJ), recently published its FY 2025 President’s Budget Submission. PARDON is responsib… Read More
2024-04-02 10:00
Farmers in Zimbabwe are pivoting from the country’s traditional staple crops like corn to a new lucrative crop—hemp production. Leaders in the country, however, are more worried… Read More
2024-04-02 10:00
Massachusetts legislators held a joint legislative committee hearing last week to consider an initiative to legalize the therapeutic use of natural psychedelics. At the hearing, lawmakers he… Read More
2024-04-01 18:05
In the complex cannabis industry, getting taxes right is a make-or-break for operators. Tax liabilities are often the largest expense for cannabis firms, and non-compliance leads to cripplin… Read More
2024-04-01 10:00
In a recent campaign stop in California, President Joe Biden said that people in other countries are paying 40-60% less than what Americans are paying for prescription drugs. A fact-checker… Read More
2024-04-01 10:00
Virginia Governor Glenn Youngkin on Thursday vetoed a bill to legalize recreational marijuana sales, saying that regulated sales of cannabis would be a danger to health and safety. Virginia… Read More
2024-04-01 10:00
Vermont is the latest state looking to further examine and embrace the potential of psychedelics, as the state Senate recently passed a measure to establish a working group to research psych… Read More
2024-04-01 10:00
North Carolina-based Eastern Band of Cherokee Indians (EBCI) will officially be opening its cannabis dispensary on tribal land, effective as of April 20. This will also mark the opening of N… Read More
2024-03-29 18:08
For newly legal cannabis businesses, the complexity of tax compliance can be daunting. It’s easy to get lost between rapidly changing regulations, complicated calculations, and tight f… Read More
2024-03-29 10:00
A new technique has arrived that measures the potency of psilocybin and psilocin, great news for those medicated by mushrooms.
Credit goes to teams at the University of Texas at Arling… Read More
2024-03-29 10:00
Senator Mitt Romney of Utah and two of his Republican colleagues have sent a letter to the Drug Enforcement Administration, urging the law enforcement agency to decline a bid to reschedule m… Read More
2024-03-29 10:00
Thinking back just 10 years ago, the previous U.S. cannabis landscape stood in stark contrast to the one we enjoy today. The United States currently has 38 states with legal medical or recre… Read More
2024-03-28 10:00
Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in a row that licensed weed sales have exceeded $1 billion in the Grand… Read More
2024-03-28 10:00
The Los Angeles Times reported that “Costa Mesa police and city employees trucked more than 100 pounds of cannabis flower, boxes of oil cartridges and vaporizers along with documents… Read More
2024-03-28 10:00
Should restaurant patrons who smell like weed be denied service at a restaurant? That’s the question South Africans are asking after one of the country’s top rappers was denied s… Read More
2024-03-27 17:48
As the cannabis industry grows, businesses realize that tax compliance is one of the most challenging hurdles to overcome. The web of regulations is vast and confusing, inventory must be tra… Read More
2024-03-27 10:00
Medical marijuana patients would be permitted to grow up to 16 cannabis plants at home under a bill now pending in the state legislature. If approved, patients and caregivers would be able t… Read More
2024-03-27 10:00
The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this recent progress to help s… Read More
2024-03-27 10:00
At a conference last week, Andrés Manuel López Obrador, Mexico’s president since 2018, said, “We are not going to act as policemen for any foreign government,&rdquo&hell…Read More
2024-03-27 10:00
A majority of cannabis flower products purchased at licensed retail pot shops in Colorado contained less THC than indicated on the label, according to a study performed by a researcher at th… Read More
2024-03-26 16:10
Monday was not a good day for billionaire Sean “Diddy” Combs—once one of the most highly respected producers in hip-hop and one of the most successful Black entrepreneurs t… Read More
2024-03-26 10:00
A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for p… Read More
2024-03-26 10:00
Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business co… Read More
2024-03-26 10:00
European countries are gradually turning their attention toward cannabis reform as medical and adult-use cannabis steadily become the new status quo in states around the U.S. While Germany g… Read More
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