California Medical Cannabis Business & Marijuana Legal News

CA treasurer forms group to address federal banking rules

Bart Schaneman  | December 2, 2016

California’s state treasurer has assembled a group to address the problems caused by banks’ refusal to deal with marijuana businesses, following up on his state’s legalization of recreational cannabis in the Nov. 8 election.

State Treasurer John Chiang also sent a letter to President-elect Donald Trump and included members of California’s congressional delegation asking …

CA’s Prop 64 sparks requests for MMJ recommendations

Omar Sacirbey  | November 28, 2016

Could medical marijuana businesses in California see a spike in business before recreational cannabis sales begin?

The prospect of recreational marijuana sales in the middle of 2017 or early in 2018 has sparked an unexpected spike in requests for medical marijuana recommendations, the Sacramento Bee reported.

While it will be at least half …

Chart: Sales projections for states that legalized cannabis on Election Day vs. 2016 industry estimates

Eli McVey  | November 21, 2016

By Eli McVey

States that passed marijuana measures earlier this month eventually could generate more in annual retail MJ sales than the entire U.S. cannabis industry is expected to this year.

Though these new markets will take time to develop, they present tremendous opportunities for entrepreneurs looking to capitalize on the results of the election.

Week in Review: 5 business takeaways from the landmark election

Omar Sacirbey  | November 11, 2016

By Omar Sacirbey and Bart Schaneman

Now that voters in seven additional states have legalized recreational or medical marijuana, business leaders and political observers are bullish about the potential for industry growth.

They point to surge in opportunities for interstate expansion, increased investor interest in cannabis and greater innovation in technology and business strategies.

Election Updates: Live coverage of marijuana measures across the country

Chris Walsh  | November 8, 2016

Marijuana Business Daily provided live updates on cannabis ballot measures and related news on Election Day (all updates in Eastern time).

3:45 a.m. Wednesday (Montana): Montana’s measure to legalize medical marijuana businesses is poised to win comfortably, as the initiative has garnered 56% of the vote with more than 80% of precincts reporting.

Week in Review: Ohio’s MMJ plan may shortchange growers, a California win & a legal brouhaha

John Schroyer  | November 4, 2016

By Omar Sacirbey, John Schroyer and Bart Schaneman

Ohio issues draft rules for medical marijuana growers, a federal judge tosses a lawsuit against a Bay Area dispensary, and a raid by law enforcement in Northern California triggers a legal spat.

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