California Medical Cannabis Business & Marijuana Legal News

California Edibles Executive Faces Fraud Charges

Omar Sacirbey  | July 26, 2016

An investor in a prominent California edibles company is accusing the firm’s CEO of securities fraud and is seeking to invalidate his claim in the company.

The investor claims in the lawsuit, filed anonymously on July 18, that Robert Weakley, CEO of Altai, lied about his contributions to the company’s accounts and spent some …

Amid Avalanche of Hype, Desert Hot Springs Medical Cannabis Industry Faces Challenges

Omar Sacirbey  | July 26, 2016

By Omar Sacirbey

Long-time cannabis entrepreneur Greta Carter made a big career decision recently: She sold her Seattle marijuana business, gave up her Washington State residency and moved to Desert Hot Springs, California.

“I thought I could get a much better return on the time and money in California than in Washington,” Carter said.

Week in Review: Florida CBD, Cannabis Legal Battles & Ominous Clouds in AZ, MA

John Schroyer  | July 22, 2016

By John Schroyer and Omar Sacirbey

Florida’s long-awaited CBD industry approaches the launchpad, cannabis lawsuits make headlines, and recent polling numbers cast a dark cloud over recreational marijuana legalization in two states.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Major Infused Products Co. Bhang Loses Arbitration Battle

Omar Sacirbey  | July 19, 2016

A California arbitration panel has awarded an investment firm $1.875 million from a major infused-products and concentrates company, Bhang Chocolate.

The panel said Oakland-based Bhang breached an agreement it had with Mentor Capital in Ramona, California, “by failing to deliver” shares of stock to the investment firm, Mentor Capital said in a news …

Week in Review: Banking Scare, Marijuana Ballot Roundup & Water Rules in California

John Schroyer  | July 15, 2016

By Omar Sacirbey and John Schroyer

An Illinois bank sparks fresh concerns about cannabis and financial institutions, the number of states with certified pro-marijuana ballot measures hits an all-time high, and California MJ growers face new water-use rules.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Week in Review: California is Official, GW’s Epilepsy Drug & Illinois Resignation

John Schroyer  | July 1, 2016

By Omar Sacirbey and John Schroyer

California’s recreational marijuana campaign makes the November ballot, GW Pharmaceuticals’ MJ-based epilepsy drug could play a role in DEA rescheduling, and a possible new dawn in Illinois’ medical cannabis program.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

LA County Extends Medical Cannabis Growing Ban

Omar Sacirbey  | June 29, 2016

Los Angeles County supervisors voted to extend a temporary ban on medical marijuana cultivation and distribution in unincorporated areas by one year, dealing yet another blow to MMJ cultivators.

The new moratorium also bars growing and testing of medical marijuana as well as mobile delivery services, the Los Angeles Times reported.

The issue dates …