California

Mon
02
Nov

Gwyneth Paltrow invests in LA-based cannabis beverage company

What is being touted as the first cannabis-infused social tonic has received a funding injection from A-listers ranging from actors to athletes in a bid to make social tonics socially acceptable.

Mon
02
Nov

The 21 Ballot Measures We’re Watching This Election

People who say that the U.S. is a republic and not a democracy apparently haven’t heard of ballot measures. Every year, some states1 allow citizens to bypass their elected representatives and weigh in directly on an issue — bringing policy to the forefront of the campaign in a way it often is not in candidate elections.

Fri
30
Oct

California cannabis market isn’t slowed by COVID and should reach $6 billion by 2025

The cannabis market in California has continued to thrive amid the COVID-19 pandemic, and legal sales are on track to surpass $6 billion in 2025, accounting for a sixth of all legal cannabis sales in the United States, a leading analyst said Wednesday.

The state market — the largest legal market in the world — has benefited from a bump in demand during the pandemic as customers stock up on products similar to alcohol and tobacco, said Jessica Lukas, vice president of consumer insights for BDS Analytics, a cannabis research firm based in Boulder, Colorado. The firm found that legal spending for weed last year was $3.1 billion in the state and $8.7 billion in the illegal market.

Wed
28
Oct

Nearly 75,000 Pot Plants Eradicated In Southern California

Law enforcement officers in Southern California have eradicated nearly 75,000 cannabis plants from the Los Padres National Forest over the last six months, according to a statement released by the Ventura County Sheriff’s Office on Monday. A total of 18 illegal marijuana cultivation investigations were conducted by the agency on public and private land in and around the national forest during the months of May through October, according to the sheriff’s office.

Tue
27
Oct

Jay-Z announces new line of cannabis products dubbed Monogram

Rapper and entrepreneur Jay-Z is launching his own cannabis brand in partnership with Caliva, the California-based weed company that hired the star as its chief brand strategist last year. 

Named Monogram, Jay-Z’s line of marijuana products launched its website and social media accounts on Friday.

“Monogram marks a new chapter in cannabis defined by dignity, care and consistency. It is a collective effort to bring you the best, and a humble pursuit to discover what the best truly means,” Monogram’s website highlights.

No further information on the specific products that will be sold under the Monogram brand has been released yet. 

Wed
21
Oct

There's A Movement Afoot To Allow Legal States To Do Business With Each Other

States can’t wait. That’s the rallying cry for a new initiative that seeks to set up an interstate market for cannabis between states where recreational and medical cannabis are legal.

Called the Alliance for Sensible Markets, the non-profit coalition of business and advocacy leaders is committed to legalizing commerce between participating legal markets by 2021.

Wed
21
Oct

Los Angeles faces lawsuit over marijuana delivery licenses

Two marijuana trade organizations filed a lawsuit today against the nation’s largest legal pot market over restrictions on stand-alone delivery services that have blocked them from obtaining licenses until 2025.

The lawsuit against Los Angeles and its Department of Cannabis Regulation seeks to overturn rules enacted earlier this year that postponed the availability of those licenses for certain businesses, even though broad legal sales began in the state in January 2018.

Under the changes, those licenses would only be available to so-called social-equity operators — people, many of color, who were arrested or convicted of a marijuana-related offense or lived in neighborhoods marked by high marijuana arrest rates.

Mon
19
Oct

California’s New Banking Bill Does Little To Help The Cannabis Industry

Last week, California Governor Gavin Newsom (D) signed a handful of cannabis-related bills into law. Among the biggest changes are updates to the state’s banking laws, and while overall positive, the potential of AB 1525 is severely limited.

As anyone in the industry already knows, cannabis professionals have long struggled to gain access to banking and other financial services for their businesses. AB (Assembly Bill) 1525, signed last Tuesday by Gov. Newsom, removes any penalties previously imposed on banks for working with legal cannabis companies.

Fri
16
Oct

Cannabis Track-and-Trace & Data Breaches: A Disaster Waiting to Happen

California law requires licensed cannabis businesses to use a “track-and-trace” system that, as its name suggests, tracks the movement of cannabis from seed through final sale.

Cannabis licensees are obligated to meticulously register nearly every data point for cannabis biomass and products (such as harvest date, sale, processing activities, and so on) into the track-and-trace database, or they can face penalties.

In turn, the database is accessible by state regulators, who can use information in the database to determine whether licensees violated rules or whether cannabis was sold into the illicit market.

Wed
14
Oct

Additional Information On California’s CBD Ruling

The US Hemp Roundtable, the hemp industry’s leading national advocacy organization, is profoundly disappointed that the California Senate leadership refused to allow a vote on AB 2028 (Aguiar-Curry, Wicks and Wilk), which would have legalized the use of hemp CBD in all products, to advance before the end of the 2019-20 legislative session.

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