California

Thu
19
Apr

California: Cannabis point-of-sale platform Green Bits raises $17 Million in series a round

Green Bits, the nation's leading retail management and automated compliance platform that helps cannabis dispensaries and retailers efficiently and legally run their businesses, today announced it completed a $17 million Series A round of financing.

Tiger Global, a New York-based investment firm focused on investing in growth oriented Internet and Software companies, led the round with participation from Casa Verde Capital, a venture capital firm focusing on the ancillary cannabis industry, and other investors.

This new round brings Green Bits' total outside funding to $19.3 million, demonstrating its continued adoption and growth within the rapidly expanding legal cannabis industry.

Thu
19
Apr

California plans 'consumption lounges' for cannabis tourism

Four months after California become the ninth US stateto allow for recreational cannabis consumption, cities are viewing consumption lounges as a way to increase cannabis tourism.

Thu
19
Apr

Californians are becoming more open about their use of marijuana

The recent debut of recreational marijuana sales in California appears to be making the state’s cannabis users more comfortable about openly discussing their lifestyle, says a large new survey by Eaze, a San Francisco company that markets legal weed online.

Eaze surveyed 4,852 of its customers on March 27-28, asking questions that focused on how willing people are to talk about their cannabis use with family, friends, co-workers, bosses, and anyone who’s following them on social media.

The company does not have comparative data that asks the same specific questions. But Eaze says the survey reflects the shifting attitudes it has been seeing, particularly since recreational sales began at licensed stores in California on January 1.

Wed
18
Apr

LA Lawmakers criticize marijuana pharmacy selection

As Louisiana's pharmacy board Tuesday started awarding the licenses to dispense medical marijuana, a handful of state lawmakers slammed the process as unfair to small, locally-owned pharmacists.

Three Democrats on the House health committee — Reps. Marcus Hunter, Katrina Jackson and Dustin Miller — raised concerns that the application and evaluation method used to award the potentially lucrative permits wasn't truly competitive. The lawmakers grilled Joe Fontenot, assistant executive director of the Louisiana Board of Pharmacy, saying the panel whose members are appointed by the governor should have stalled its selection while the Legislature considered changing some rules governing the dispensing pharmacies.

Wed
18
Apr

Cannabis industry braces for possible marijuana shortage

It’s only been a few months since marijuana for recreational use became legal in California. While sales have been good, there could be a speed bump ahead; the possibility of a marijuana shortage.

In San Diego County, there are just four licensed marijuana cultivators.

One of the licensees is Outco, located in a 15,000 square foot facility in an unincorporated area of the county, adjacent to El Cajon. Outco CEO Lincoln Fish said it’s possible that marijuana supplies will be tight this summer because of more tourists to San Diego and the limited number of cultivators that have been issued the required state and local licenses.

Wed
18
Apr

The plan to save California's legendary weed from 'big cannabis'

In a bright warehouse in the heart of Northern California’s cannabis country, a metal gate slowly peels up. “Also Sprach Zarathustra”—the iconic music from 2001: A Space Odyssey—blares as the room behind is revealed.

A mob of marijuana farmers and local politicians and activists and venture capitalists shuffle through into the Willy Wonka factory of weed.

To the left, atop a hulking machine, two workers wearing white jackets and orange gloves drop flowers into cubbies, as workers below pile the product into jars. To the right, more workers at tables pack marijuana into joints, holding back shy grins as the mob ambles past.

Wed
18
Apr

Legal weed companies could rake in billions. So why don't people want to work for them?

The Santa Ana, Calif.-based company Kush Bottles made $18 million in 2017. That's twice what it earned the year before. Executives there expect to double revenue again in 2018.

The company, which makes marijuana packaging products, is in an industry already worth more than $7 billion globally and one that's just scratching the surface. By 2021, the Brightfield Group has estimated that industry will be generating $31.4 billion annually, more money than McDonald's makes in a year.

You would think the company would have Harvard business school grads banging down the doors to get in.

Think again.

Mon
16
Apr

Only one in seven California cities allow recreational marijuana stores

Eighteen months after California voters enthusiastically endorsed legal marijuana, just one in seven cities in the state allow recreational cannabis stores, according to a first-of-its-kind study by this news organization and its California partners. And only one in three allow any kind of cannabis business at all.

Proposition 64, approved by 57 percent of state voters in November 2016, promised to bring California into a hazy new age, making it legal for people to carry up to an ounce of marijuana and to grow it at home. But it also gave cities and counties a strong say into exactly what would be allowed and when. The result is a crazy quilt of regulation.

Fri
13
Apr

California cities impose requirements for growing marijuana at home

One in seven California cities requires residents to get a permit to grow marijuana at home for their personal use.

To get that permit, some of those same cities want residents to submit to background checks and in-home police inspections. Other cities want personal-use cannabis growers to submit notarized forms and scaled site plan drawings. Some charge permit fees that can run up to $1,420.

All of these city rules are being imposed upon citizens who, under California’s Proposition 64, have as much right to grow cannabis for personal use as they do to make their own beer.

Fri
13
Apr

Feds create toxic mess by destroying marijuana grows

Pesticides from black market cannabis grows are poisoning public lands, but federal agents are failing to properly rehabilitate these sites after busting them.

A new report by the U.S. Department of Agriculture (USDA) has found that federal agents tasked with busting illegal cannabis grows have been failing to properly clean up these sites, as reported by Marijuana Moment.

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