California Medical Cannabis Business & Marijuana Legal News

Week in Review: Cannabis Election Map Set, Credit Unions Get Serious, Puerto Rico Fight

John Schroyer  | September 23, 2016

By John Schroyer and Omar Sacirbey

The November cannabis election map is essentially finalized, credit unions get serious about marijuana businesses, and a Denver attorney weighs in on the MJ software battle in Puerto Rico.

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

L.A. Dispensaries Submit Signatures for Ballot Question

John Schroyer  | September 21, 2016

A coalition of Los Angeles medical cannabis dispensaries has turned in over 100,000 signatures to support their bid to get an initiative on the city ballot that would give licensing priority to 135 storefronts.

The UCBA Trade Association, which is comprised of roughly 40 dispensaries that have been operating since before September 2007, needed …

Major Marijuana-Related Campaign Donations Late in Campaign

John Schroyer  | September 19, 2016

Proponents and opponents of cannabis legalization are gearing up for the final stretch of the 2016 political campaign, and for both camps that means some big last-minute donations.

In Florida, casino mogul Sheldon Adelson – who funded most of the anti-medical marijuana ads two years ago – has jumped back into the fray with a …

New Etheridge Marijuana Products to Hit CA Shelves

John Schroyer  | September 7, 2016

Yet another celebrity is expanding her footprint in the cannabis trade.

Singer Melissa Etheridge will debut a second line of marijuana products for medical patients by the end of the year in dispensaries around the San Francisco Bay Area, Billboard reported late last week.

Etheridge Farms, as her company is called, is producing …

SoCal Marijuana Grower Raises $6.5M for Cultivation Facility

John Schroyer  | August 31, 2016

Canndescent, a commercial marijuana grower in southern California, announced Wednesday it has closed a $6.5 million funding round to bolster its cultivation facility in Desert Hot Springs.

The raise was completed from more than 30 investors, according to a press release, and will go towards “working capital, marketing, and additional property, plant and equipment.” The …

Big Shift in Store for Los Angeles Medical Cannabis Businesses

John Schroyer  | August 24, 2016

By John Schroyer

Significant changes are on the way for Los Angeles’ sprawling, largely unregulated medical marijuana industry.

City lawmakers are expected to place a measure on the local ballot next year to reform existing rules and create a new regulatory framework for the MMJ industry.

Week in Review: Big Legal Victory, Nervous Credit Union & Unrequited Love in MA

Roger Fillion  | August 19, 2016

By Omar Sacirbey and John Schroyer

The marijuana industry scores a big legal victory, a credit union in Alaska gets cold feet, and a Massachusetts city nixes a controversial business deal with a medical cannabis dispensary.

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

Once High-Flying Barclays Banker Backs CA Cannabis Venture

Omar Sacirbey  | August 18, 2016

A once high-flying banker at Britain’s Barclays Plc plans to use his financial savvy to capitalize on California’s marijuana industry.

Richard Jenkins, one of Barclays’ highest paid bankers, is behind a California investment fund that has bought real estate to set up a marijuana business in his adopted home of California, Bloomberg reported.

Californians will vote on an …