California

Tue
23
Oct

Cannabis equity in California aims to level the playing field

On September 27, Governor Jerry Brown signed the California Cannabis Equity Act. In many ways, the act recognizes the failed efforts of the war on drugs and the devastation cannabis criminalization had on minority and underserved communities.
California lawmakers allocated $10 million in initial funding for the act, and it will go into effect next year, magnifying programs already up and running in San Francisco and Oakland.

Mon
22
Oct

California rolling forward with cannabis delivery regulations

California moved a step closer Friday to allowing marijuana deliveries in communities that have banned retail sales of the drug as regulators rebuffed cities and police chiefs who are opposed to the rule. The proposal is a major issue that could ultimately end up in court as the state continues to set myriad rules for how pot is grown, tested, packaged and delivered since recreational sales became legal Jan. 1.

Mon
22
Oct

Marijuana moguls: MedMen of California enter Arizona cannabis scene

Arizona’s booming medical cannabis market has caught the eye of yet another outside investor, this one from California.

This month, Los Angeles cannabis company MedMen acquired Monarch Wellness Center dispensary in Scottsdale as well as its 20,000-square-foot cultivation center in Mesa.

Mon
22
Oct

California marijuana policies at play on election day, even in Republican strongholds

Marijuana will once again be a hot topic on Election Day, with the future of local, state and federal cannabis policies in the hands of voters Nov. 6. But this time, voters in states that typically lean Republican will be the ones weighing legalization measures at the ballot box.

Thu
18
Oct

Halo Labs signs US$2 million per month extraction agreement

Halo Labs Inc. ("Halo" or the "Company") (NEO:HALO) is pleased to announced it has entered into an agreement with Falcon International Corp. (“Falcon”) to supply a minimum of 50,000 and up to 70,000 grams per week of bulk cannabis distillate used for vaping at US$7.50 per gram totaling between approximately US$1.6 million and US$2.2 million in monthly revenue. With initial production to occur in November, the company believes it can produce and supply 70,000 grams per week in the coming months. The contract has an initial term of 6 months and extends indefinitely in rolling 6-month extensions. The Company is finalizing the build out of its California manufacturing facility this month and expects to deliver initial shipments in November. 
 

Tue
16
Oct

Dear Canada: This is what marijuana legalization looks like in California

A New York Times correspondent who has covered the legalization of marijuana in California offers some suggestions on what Canadians may expect.

Dear Canada:

You’re in for a wild ride. It’s been 10 months since recreational marijuana became legal in California, and my email inbox here in San Francisco fills up every week with companies offering new products.

Mon
15
Oct

California needs more time to vet and license marijuana businesses

The state is in the process of creating a second stop-gap licensing program for the cannabis industry to avoid a potential disruption in the supply chain for California’s newly legal marijuana market. Since the state’s recreational marijuana market kicked in, on Jan. 1, the state has issued only temporary business permits to cannabis companies, pending the applicants providing key information and final approval from the communities where they operate. But with many of those temporary permits set to expire — and with many communities still wrestling with cannabis approval — state regulators hope a second provisional licensing system will buy time to implement a full annual licensing system.

Mon
15
Oct

3 top marijuana stocks to watch in October

The marijuana industry is set to change forever in just five days. That's when Canada will end approximately nine decades of recreational pot prohibition and wave the green flag of licensed dispensary sales.  There's no doubt that the legalization of marijuana will result in billions of dollars being added annually to Canada's economy. And clearly, these dollars have to flow somewhere.

Fri
12
Oct

California: 3 cities to vote on cannabis business taxes in November election

Mountain View, Santa Clara and Morgan Hill residents will vote on cannabis business taxes on Election Day in preparation for city legislation that could legalize the sale and cultivation of marijuana. The proposed tax varies slightly in each city, but all three would direct the revenue into public services like police, emergency services and infrastructure repair. 

Santa Clara and Morgan Hill both propose a 10 percent tax on gross receipts, with Santa Clara pushing for $25 per square foot and Morgan Hill asking for $10 per square foot of canopy area, rather than square footage alone. Mountain View proposes the lowest maximum tax, at 9 percent of gross receipts from cannabis business alone. 

Fri
12
Oct

Annual cannabis harvest underway in Northern California as cannabis economy transitions

The pungent smell of cannabis planted on this west-facing hillside in the Sonoma Valley mixed with the odors of damp volcanic soil, aromatic pine and cattle musk from a herd watching over a calf crying for its mother.

A five-person farm crew cut down the plastic trellis holding up marijuana stalks laden with dense colas of Purple Punch, among the earliest flowers to ripen at this nearly 700-plant, one-acre biodynamic cannabis plot run by Terra Luna Farms in Glen Ellen.

They cut down the stalks, piled them onto carts and wheeled them to a small truck parked at the end of the row — a haul that will ultimately end up on the shelves as flowers or infused products at SPARC’s four dispensaries in Sonoma and San Francisco counties.

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