California

Fri
15
Mar

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal use and is easy to abuse. In the meantime, medical marijuana dispensaries have an increasing array of products available for pain, anxiety, sex and more.

The glass counters and their jars of products in the dispensary resemble an 18th century pharmacy. Many strains for sale have evocative and magical names like Blue Dream, Bubba Kush and Chocolope. But what does it all mean? Are there really differences in the medical qualities of the various strains? Or, are the different strains with the fanciful names all just advertising gimmicks?

Thu
14
Mar

In battle of hoop houses, cannabis wins

To the extent the battle over hoop houses is, in reality, a showdown between wine growers and a new wave of outdoor cannabis growers just now discovering the sublime virtues of the Santa Ynez Valley, Sara Rotman should be regarded as a warrior queen for Santa Barbara’s newest yet oldest industry ​— ​marijuana. In previous incarnations, Rotman had successfully invented herself as an icon of iconhood, a one-woman hi-glam fashionista branding machine. Over the years, she became world famous as the ass-kicking, globe-trotting, but brutally down-to-earth triple-A-plus personality marketing executive. Her company ​— ​My Own Damn Company (MODCo) ​— ​had offices in New York, Los Angeles, and Buenos Aires.

Wed
13
Mar

Acreage Holdings fourth quarter revenue increases 380% as company enters California

Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) delivered fourth-quarter revenue of $10.5 million for an increase of 380% over the previous year’s $2.1 million. Acreage reported a whopping fourth-quarter net loss of $217.6 million. The pro forma revenue* for the fourth quarter was $22.9 million and the pro forma adjusted net loss*, which excludes certain non-cash charges and non-recurring items, for the fourth quarter was $10.8 million.

Tue
12
Mar

Los Angeles Cannabis Regulations Commission announces recommendations for Phase 3 processing

The Cannabis Regulations Commission met on March 5th and presented their recommendations to the City Attorney that would establish policies for processing phase 3 applications. Phase 3 would begin with a 60-day pre-vetting process of social equity applicants to verify Tier 1 or Tier 2 qualification. Verified Tier 1 or 2 applicants will then be eligible to move forward into the first phase of the licensing process. The DCR will issue 100 licenses in this initial phase allocating 75 to qualified Tier 1 applicants. Qualified Tier 1 applicants would receive priority receiving 75% of the available licenses during this initial phase so long as all basic application requirements are met including:

Wed
06
Mar

Report: Legal marijuana industry employs over 200,000 full-time workers

The state-licensed cannabis industry gained over 64,000 new employees in 2018, and now employs over 200,000 full-time workers, according to data compiled by Whitney Economics and the online content provider Leafly.com.

Commenting on the new findings, NORML Executive Director Erik Altieri said, “The federal government needs to deschedule marijuana to allow states to better and more fully benefit from the economic growth engine that is the legal marijuana industry. Further, state regulators need to ensure as this sector expands its economic benefits are shared by all, including and most especially by those who suffered most under the failed policy of criminal prohibition.”

Mon
04
Mar

Israeli approves compassionate use of MDMA to treat PTSD patients

The popular party drug, MDMA, also known as ecstasy, has officially been approved in Israel as a treatment for Post-traumatic stress disorder.

An Israeli government representative learned about the benefits of using MDMA to treat PTSD from the Multidisciplinary Association for Psychedelic Studies (MAPS), a California-based organization. Following their research, Israel has approved using MDMA to treat 50 patients suffering from PTSD.

“The ministry is taking this seriously and with appropriate caution, an in-depth investigation has been carried out,” Ministry of Health official Bella Ben-Gershon told sources. “There is a considerable population in Israel of people suffering from PTSD that is resistant to other treatment.”

Mon
04
Mar

Cannabis conundrum: California researchers struggling to get their hands on it

While Humboldt State University is located in the heart of cannabis country, undergrad students who want to study the county’s biggest cash crop say they aren’t allowed to touch the stuff or even get near it in a research setting.

The policy is drawing concerns from both university students and local researchers, including those at HSU’s Humboldt Institute for Interdisciplinary Marijuana Research, the expressed objective of which is to “serve as a clearinghouse of marijuana-related research.”

Fletcher Kennamer, a sociology student, said it’s kind of an absurd policy that makes local cannabis research an arduous process.

Fri
01
Mar

California bill would legalize crypto for tax payments from cannabis-related businesses

Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in stablecoins. The bill was introduced by the California State Assembly on Feb. 21.

Fri
01
Mar

Palm Springs area becoming California’s cannabis hot spot

You might expect California, America’s biggest consumer marketplace, to be bursting with cannabis stores since recreational weed became legalized in 2018.

You would be wrong.

Less than 20 percent of California’s cities currently allow cannabis sales, according to the California Cannabis Industry Association. Even population centers such as San Diego and Los Angeles have only modest markets.

The slow startup might sound familiar to Washingtonians, who saw similar struggles to ramp up in many cities after legal cannabis sales began in 2014.

But one place in Southern California truly is already a hotbed of cannabis: Palm Springs, where dispensaries and massive grow operations are booming.

Thu
28
Feb

California might run out of legal cannabis by this summer

A massive licensing problem in California's cannabis industry could see the state run out of legal marijuana by this summer, writes Calvin Hughes.

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