California

Wed
22
Aug

California kills a cannabis banking plan

Last week, the California State Assembly effectively killed a bill that would have paved the way for state-chartered banks to handle finances for the expanding cannabis industry. It was never a perfect solution, but now California cannabis entrepreneurs have little chance of easy banking access any time soon.

Tue
21
Aug

Study finds women with pregnancy-related nausea and vomiting use marijuana more

A Kaiser Permanente study, published today in JAMA Internal Medicine, found that women with mild and severe nausea and vomiting in pregnancy were significantly more likely to have used marijuana during pregnancy than women without these symptoms.

Mon
20
Aug

MedMen stores outperform in California, build leading market share

 MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today that based on tax revenue numbers reported recently by the State of California, MedMen stores accounted for roughly six percent of all legal retail sales of cannabis and cannabis products in the second quarter.

Fri
17
Aug

California cannabis bank plan stalls in legislature

California lawmakers killed a plan Thursday to create a state-backed banking system for the recreational marijuana market, meaning the industry must keep operating in cash for now.

Most banks refuse to do business with marijuana growers, distributors and sellers because the drug is still illegal under federal law.

Democratic Sen. Bob Hertzberg, who suggested the creation of the state-backed bank, said forcing operators to deal in large sums of cash can be dangerous.

Hertzberg said he was surprised to see his plan held up Thursday in an Assembly committee, effectively stopping it for the year. The committee did not debate the proposal.

Thu
16
Aug

State marijuana taxes pick up but still far off target

When it comes to the taxman, California’s legal pot market is off to a sluggish start.

Marijuana cultivation and excise tax collections hit $48 million between April and June, state officials announced Wednesday. That’s a jump from the prior three months but well below the windfall envisioned by the state.

Finance officials had estimated California would bank $185 million from excise and cultivation taxes in the first six months of broad legal sales, which kicked off Jan. 1.

But collections by midyear hit only $82 million.

Thu
16
Aug

MedMen Releases Preliminary Fourth Quarter 2018 Systemwide Retail Revenue Results

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today unaudited systemwide retail revenue for its fiscal 2018 fourth quarter ended June 30, 2018.

Wed
15
Aug

California cities object to state rule changes that would allow unchecked cannabis deliveries

A group of cities in California have objected to a proposed change in state laws that would allow unchecked home cannabis deliveries in communities that have banned local marijuana sales.

The League of California Cities, a group of California city officials who work to influence policy within their communities, wrote a letter to state regulators voicing their objection.

The letter, dated July 27 but just released on Monday, said the new proposal would unleash “cannabis delivery anywhere in the state, regardless of conflicting local regulations or bans”.

Wed
15
Aug

Marijuana is not really legal in California if residents don't have a reasonable way to buy it

California law allows adults to buy marijuana. It allows licensed businesses to deliver marijuana to customers, and it says specifically that cities and counties cannot prevent delivery services from traveling on public roads. Yet even though cities can’t stop deliveries traveling through their jurisdiction, many cities currently ban deliveries to their jurisdiction.

That means that unlike deliveries of virtually every other legal, adult-use product — including alcohol and cigarettes, which can be ordered over the internet in California ­— marijuana deliveries are barred.

Tue
14
Aug

Bay Area girl makes history by being first in California to be allowed medical marijuana in school

A Santa Rosa Family is celebrating the first day of school Monday because, thanks to a judge’s order, their five-year-old child will be able to attend her first day of kindergarten and bring her medical marijuana on campus.

When Brooke Adams walks onto campus Monday morning she will be setting a legal precedent.

Brooke will be one of the first children in the country — and the first in California — to be legally allowed to be given medical marijuana at school.

When she was just an infant, Brook was diagnosed with a rare form of epilepsy called Dravet Syndrome.

“It gives her seizures that don’t stop very easily, or don’t stop at all,” her father Jon Adams told NBC Bay Area.

Tue
14
Aug

Marijuana dispensaries in Sacramento open up to ex-convicts

Two years ago, Californians voted overwhelmingly to make recreational marijuana legal statewide, and drinking-age adults in the state have been able to legally buy the drug since January.

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