Cannabis Faces Price Compression
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A Company Is Building a Giant Compressed-Air Battery in the Australian Outback
Hydrostor, a leader in compressed-air energy storage, aims to break ground on a 200-MW plant in New South Wales by the end of this year. It wants to follow that with a 500-MW facility in California.Wired - Tech -
Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - World -
The prospects and perils of reclassifying cannabis as a less dangerous controlled substance
In this pivotal moment, it is increasingly evident that responsibility for resolving the ongoing uncertainties surrounding cannabis’ legal status ultimately rests with Congress.The Hill - Politics -
Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies
The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.The Wall Street Journal - Business -
Nasdaq finally ‘warming up’ to Canadian cannabis companies with U.S. exposure. Could American growers be next?
The Nasdaq stock exchange is “warming up” to the idea of continuing to list Canadian cannabis companies even if they have exposure to the U.S. market — and a U.S. cannabis company could be next, an analyst at Jefferies said.MarketWatch - Business