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How Cannabidiol Products Are Infusing Luxury Retail

PYMNTS

Though marijuana has been made legal for recreational or medical use in 33 states and the District of Columbia, it remains listed as a Schedule I narcotic by the federal government, and is thus considered very illegal.

Retail 136
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Site Visits Fuel Anticipation For Amazon’s HQ2

PYMNTS

According to a person with a understanding of the visits, the eCommerce retailer visited Chicago, New York City and Chicago, The Wall Street Journal reported. That could enable the retailer to keep its choice unknown ahead of an announced decision. In terms of geographies, unnamed sources say that Amazon might want an urban site.

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Baker Technologies Raises $3.5M, Enables Cannabis Dispensaries

PYMNTS

Further, eight states and the District of Columbia have voted for full medical and recreational legalization. billion in state tax revenue from retail sales by 2020. percent loss in revenues in the retail beer space.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Despite Chris Rock’s old adage that people “don’t sell drugs, drugs sell themselves,” being in the legal — or at least legal-ish — business of cannabis retail is surprisingly difficult and friction-filled work. The problem is not in moving the supply. The problem crops up with the “legal-ish” description of the weed industry.

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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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242 Startup Failure Post-Mortems

CB Insights

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store. Title: Australian streaming startup Guvera has shut down after taking $185 million from investors.

Company 78