California

Tue
21
Jan

California lawmakers say pot taxes must be cut to help an industry ‘on the brink’

California lawmakers on Friday revived a proposal to temporarily cut taxes on marijuana to boost a legal market that one official said is “on the brink of collapse,” drawing encouragement from Gov. Gavin Newsom as he seeks to overhaul state pot regulators.

The bill would cut the state excise tax on marijuana sales from 15% to 11% for three years while eliminating a cultivation tax for that period. Similar legislation has been shelved in the last two years, with Newsom saying he felt it was too soon after legalization to make changes to the law.

Tue
21
Jan

Cannabis Supply Shortages Abound In Newly Established Recreational Markets

It seems that whenever a new recreational cannabis market rolls out, reports of exaggerated lines, product shortages, and store closures never seem to be far behind.

Wed
15
Jan

Legal Marijuana States Buying ‘Nasal Rangers’ Because Of Weed’s ‘Stinky Smell’

Residents in small towns hate the smell of marijuana, so they’re calling upon the Nasal Rangers to save them.

States with legal marijuana states struggle with illegal weed. This may seem paradoxical—how can something be illicit if it’s legal and regulated by the state?—but many longtime cannabis consumers want to avoid high taxes and fees associated with legal marijuana. That’s why they still buy weed from black market: it’s cheaper and there’s little to no consequence if a cop finds them in possession of marijuana. Last year, the Associated Press reported that 80% of all California marijuana deals still occur “under the table.”

Fri
10
Jan

Cannabis vape sales slid 26% in two months following health crisis

Cannabis vape sales tumbled 26 per cent in the two months following the health crisis that has killed dozens and sickened thousands, according to new industry research.

Legal sales peaked at a combined US$160 million in August in the states of California, Colorado, Oregon, Nevada and Arizona, according to a report from BDS Analytics and Arcview Market Research.

As reports of vaping illnesses grew and the Centers for Disease Control and Prevention disclosed the first deaths related to the practice, sales slumped to US$126 million in September and US$119 million in October. This was significant for the legal cannabis market as a whole, where vapes accounted for approximately 25 per cent of total sales in the first three quarters of 2019.

Thu
09
Jan

Can We Blame Senate Republicans for Dispensary Robberies Now?

The effort to get banking access for legal cannabis businesses seems to have lost the wind in its sails for a moment, and while we wait for a new breeze in Congress, a wave of crime is targeting the legal cannabis industry’s fat stacks of cash.

Tue
31
Dec

California puts the brakes on recreational cannabis smoking in formerly exempted vehicles, but continues to allow drinking alcohol

Passengers in the state of California will soon be banned from smoking cannabis in any moving vehicle, although drinking alcohol is still A-OK.

Although passengers in standard moving vehicles like cars, trucks and vans were already prohibited from toking at the wheel, there were exceptions for vehicles like taxis, limos, campers, residential vehicles, pedicabs and party buses.

But now legislators have opted to put an end to the exemption for passengers of the aforementioned vehicles, despite its legal status in the state having rendered it a popular party drug for Californians.

Tue
24
Dec

Two years in, California’s legal marijuana industry is stuck. Should voters step in?

Two years after California began licensing pot shops, the industry remains so outmatched by the black market that a state panel recently joined some legalization supporters in calling for significant changes — perhaps turning again to voters to address the problems.

In its annual draft report, the Cannabis Advisory Committee warned Gov. Gavin Newsom and California legislators that high taxes, overly burdensome regulations and local control issues posed debilitating obstacles to the legal marijuana market.

With tax revenue about a third of what was expected and with only about 800 of an anticipated 6,000 licensees open for business, the panel said, officials may need to consider “revisiting the ballot initiative process.”

Fri
20
Dec

Pay to play: California mulls taxing cannabis based on the strength of the strain

Would you be willing to pony up for pot potency?

Analysts in California’s beleaguered cannabis industry have proposed making consumers do just that by getting rid of the state’s bizarre patchwork tax system and replacing it with one tied to the strength of the strain.

Made by California’s Legislative Analyst’s Office, the proposal would wipe out the current taxation system, including a 15 percent levy that all consumers pay at the counter, and replace it with a tiered system.

Thu
19
Dec

L.A. officials say system for pot licenses was open early. Cannabis activists call foul

Hundreds of cannabis entrepreneurs rushed to turn in applications in September, eager to snap up the limited number of licenses that Los Angeles was offering up for new pot shops on a first-come, first-serve basis.

The hotly contested process soon came under fire: After the Department of Cannabis Regulation revealed that two applicants had gotten into the application system early after their passwords were reset, City Council President Herb Wesson called to suspend the licensing process and Mayor Eric Garcetti sought an independent audit.

Wed
18
Dec

California Marijuana Taxes Will Increase New Year's Day

After having avoided an increase in state taxes on legal marijuana, California officials changed course Thursday and announced MJ excise and cultivation taxes will go up effective Jan. 1.

High state and local tax rates have been an industry problem that have made legal businesses less competitive with the illicit market: Unlicensed retailers can lure customers with lower prices, since rogue shops don’t pay any taxes.

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