California

Thu
25
Jun

L.A. Considers Social Equity Overhaul for Cannabis Industry

After a lot of community blowback about not being inclusive enough and a failed attempt at social equity last year, The Los Angeles City Council may adopt new cannabis licensing and social equity plans that would overhaul the existing licensing system. 

Mon
22
Jun

This State Is Home To The Largest Marijuana Black Market

An increased tax on flower has forced legally operating dispensaries to increase their prices, which makes it hard for them to compete with the black market.

Wed
10
Jun

Why Does California Still Have a Black Market for Cannabis?

California was the first state to pass legislation for medical marijuana, and it was among the first to generate a legal adult-use weed industry. After just two years of operation, the recreational dispensaries have generated over $1 billion in tax revenue, which has gone to fund childcare and anti-drug programs for the state’s youth, environmental initiatives like park maintenance and wildland restoration and public safety grants for local police and fire departments. It is amazing to see so many good things come from the simple act of legalizing marijuana.

Wed
10
Jun

California Gov. Gavin Newsom: Marijuana Legalization Is A ‘Civil Rights’ Issue

Though California legalized marijuana to roll back unjust Drug War policies, cannabis taxes help fund police operations.

California Governor Gavin Newsom discussed during a press conference last week how the state plans to fix issues of systemic injustice and racism following widespread protests of police brutality. Newsom referenced California’s efforts to roll back the consequences and policies of the War on Drugs, including mandatory-minimum sentencing and the disparity between prosecuting crack vs. cocaine drug possession.

Tue
09
Jun

California Removes Public Information for Cannabis Businesses

In light of the recent protests over the murders of George Floyd, Breyonna Taylor, and Ahmaud Arbery, two out of the three different regulatory agencies in California temporarily removed their online databases so that dispensaries will be less easy to find for looters during protests. 

Tue
09
Jun
Fri
05
Jun

List Of Cannabis Dispensaries Affected By Civil Unrest Grows

As protests and civil unrest sparked by the death of George Floyd while in the custody of Minneapolis police continue in cities across the country, cannabis dispensaries from coast to coast have been the target of looters and organized thieves.

Thu
04
Jun

California’s legal pot industry faces year of decline because of coronavirus, Newsom warns

California’s legal marijuana industry faces a year of declining sales as a result of the pandemic-induced recession despite an initial spike in consumer demand after dispensaries were deemed essential businesses, according to details outlined in Gov. Gavin Newsom’s proposed budget.

Newsom projected in January that the state’s cannabis excise tax would bring in $479 million this year and $590 million in the fiscal year starting July 1, but his revised budget now forecasts just $443 million this year and a decline to $435 million next year.

Thu
04
Jun

4 Key Differences Between The Florida And California Cannabis Consumer

America’s cannabis industry is a fractured marketplace. A scattered hodgepodge of state, county, and local municipalities piecing together a byzantine set of rules and regulations that seem to defy logic and common sense. And don’t even get me started about the social media restrictions.

Figuring out which hoops brands have to jump through within each state takes up enormous resources. But the fog of this minutiae can cloud the bigger picture: Do you know who your audience truly is?

Tue
02
Jun

5 Lessons Learned In 5 Years Of Cannabis Legalization

The slow crawl toward federal cannabis legalization has been occurring in the form of scattered decriminalization and medical efforts for decades. The last 5 years, in particular, can provide cannabis entrepreneurs with valuable insight into mistakes made. 

As the modern cannabis industry enters its fifth true year of learning, I have taken serious note of pitfalls to avoid. Profitability will remain elusive if new and old cannabis entrepreneurs don’t learn from past mistakes.

1. Avoid bad business partners and greedy consultants

Most companies in the cannabis space were in California and Colorado before 2015. Then, other states started coming online in rapid-fire. Those years mark the lost years of bad partnerships and bad “consultants”. 

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