California

Wed
25
Nov

Jay-Z: Marijuana Mogul? He Joins New Cannabis Venture as Chief Visionary Officer

Jay-z

The rapper and entrepreneur has partnered with newly-formed cannabis giant TPCO that hopes to reach 90% of California consumers by 2022.

Subversive Capital Acquisition Corp., a special purpose acquisition company (SPAC) with a growing footprint in the cannabis industry, has acquired two California-based cannabis brands and named Jay-Z as the resulting holding company’s chief visionary officer, it was announced Tuesday (Nov. 24). The transaction is expected to close in January.

Wed
25
Nov

California Claims Cannabis Billboards Have Been Displayed Improperly

California flag with a cannabis bud

California just made a significant ruling that is bad for cannabis advertisers who favor the billboard format, but good for those who want to see more regulation. Apparently, officials have been allowing highway-facing billboards that should have been banned on the 2016 bill that legalized recreational cannabis. 

Wed
25
Nov

Future Legal Cannabis States Can Learn from California's Mistakes

Golden Gate bridge

Legal cannabis continues to become a new reality in states throughout the U.S., giving lawmakers the unique challenge of installing a regulatory system on newly established marijuana markets. 

California is largely seen as the leader of the cannabis industry (both legal and illegal) due to the state industry’s size, experience, and innovative spirit. But the growing pains experienced by California’s legal cannabis market in its first four years offers essential lessons to states that are actively setting up their cannabis programs for the first time. 

Here are some issues newly legal states should tackle to ensure a smooth transition. 

Tue
24
Nov

California’s New Cannabis Terroir Laws Protects Its Best Outdoor Strains

Outdoor growers in California’s most iconic cannabis cultivation zones received major support when Governor Gavin Newsom signed Senate Bill 67 into law on September 29, 2020.

Mon
23
Nov

Northern California cannabis industry banking on legalization bills stalled in Congress

Man with package

 

In an industry driven by greenbacks, cannabis business stakeholders and supporters are banking on two pending federal bills and one new state law that would allow them access to traditional financial accounts without having to look over their shoulders.

Because even with 33 states now making cannabis legal, the federal government does not, leaving many banks heavily regulated by the U.S. government, on the sidelines. This is despite companies at least in the Golden State paying taxes to both the state and the federal governments, while also staying open as an essential business during the COVID-19 crisis. Many in the industry call the double standard a hypocrisy.

Thu
19
Nov

Court dismisses cities’ lawsuit challenging cannabis deliveries in California

Woman smelling a cannabis joint at a store

 

In a win for California’s struggling cannabis industry, a Fresno judge has dismissed a lawsuit by 24 cities seeking to invalidate state regulations allowing delivery of cannabis to homes in communities that have outlawed sales in shops.

Fresno County Superior Court Judge Rosemary McGuire said in a ruling made public Wednesday that she agreed with attorneys for the state Bureau of Cannabis Control that the state regulation does not prevent cities from enforcing local ordinances restricting home delivery.

“On the basis of that conclusion, the court finds that this matter is not ripe for adjudication, and dismisses the action as to all plaintiffs,” McGuire wrote in the ruling signed on Tuesday.

Thu
12
Nov

Cannabis farms struggle to survive California wildfires without insurance

California’s record wildfire season has left many cannabis growers concerned about Croptober – the primary harvest season for marijuana sold in California, where it’s legally consumed.

As fires continue burning into the record book, California growers – whose operations are federally illegal and therefore difficult to insure – are demanding protections for their billion dollar industry.

Cannabis farms, as well as wineries, agricultural farms, have been hard hit by the wide range of California fires, and the toll faced by cannabis farms is among the worst.

Tue
10
Nov

10 Best Places To Start A Cannabis Business in the U.S.

Starting a cannabis business in the US takes a lot of planning, effort, and patience.

However, it’s doable if you choose the best US state for such a business.

According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally.

Therefore, it’s a perfect time to start this type of business.

Mon
09
Nov

California's New Cannabis Terroir Laws Are A Major Win For Legacy Growers

California's most iconic cannabis cultivation zones and its local outdoor growers recently received a boost to their business when Gov. Gavin Newsom signed SB 67 into law on Sept. 30.

The regulation amends Section 26063 of the Business and Professions Code while enacting a new terroir-based appellation for origin-specific products and its use of the environment during the plant's growth.

Any use of artificial lights, shelters or any other form of temperature or climate control is prohibited under the rules.

The passage of SB 67 is being heralded as a win for the state's iconic operators across California's fertile grounds, including the Emerald Triangle, by recognizing their claim to the fertile region.

Fri
06
Nov

San Francisco to give cannabis industry a one-year tax break

San Francisco’s cannabis industry is expected to hang on to a bit more green next year due to a tax break that is likely to pass next week.

Supervisor Rafael Mandelman has proposed the one-year tax reprieve, delaying the implementation of the cannabis tax approved by voters in November 2018.

The estimated tax break and revenue loss to The City is $7.1 million, according to the budget analyst.

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