California Medical Cannabis Business & Marijuana Legal News

Chart of the Week: Marijuana Startup Interest Booming in California, Washington State & Colorado

Marijuana Business Daily staff  | February 9, 2015

By Marijuana Business Daily staff

California has climbed over several other powerhouse cannabis states and now ranks as the most popular market for entrepreneurs starting marijuana companies, despite an unstable business climate fostered by a lack of statewide MMJ regulations.

Nearly 20% of entrepreneurs currently in

20 Applicants, Including Rapper, Win Dispensary Licenses in Santa Ana

Tony C. Dreibus  | February 6, 2015

The city of Santa Ana, California, has awarded 20 dispensary licenses, including one to Cypress Hill rapper Louis Freese, better known by his stage name B-Real.

The move comes just two months after voters approved a measure legalizing and taxing MMJ, which will make Santa Ana the first city in Orange County to have legal …

Feds Continue Fight Against Harborside

Tony C. Dreibus  | February 4, 2015

The feds are at it again.

Government attorneys are continuing their attempts to shut down Oakland, California-based Harborside Health Center, one of the first large-scale dispensaries in the United States, despite strong signals from Washington DC that these types of businesses should be left alone.

U.S. …

Increased Demand for Organic Cannabis in SF

Tony C. Dreibus  | January 30, 2015

Growers and dispensaries in San Francisco are seeing a spike in demand for organic cannabis from medical marijuana patients worried about pesticides.

To meet this demand, one local dispensary – the San Francisco Patient Resources Center (also called Sparc) – began selling a line of cannabis last year that’s grown outside using only organic …

Medical Marijuana Inc. Acquiring Startup Valued at Up to $243M

John Schroyer  | January 22, 2015

Medical Marijuana Inc. announced Thursday that it has signed an agreement to acquire Kannaway, a startup hemp products company that was recently valued at up to $243 million by a noted investment banking firm.

Financial terms of the deal were not disclosed.

But Medical Marijuana Inc. said that Houlihan Capital pegged Kannaway’s fair market value …

Week in Review: Ruling on Delivery App, Boost for MMJ Stocks + MA Businesses Gearing Up

John Schroyer  | December 26, 2014

By John Schroyer and Tony C. Dreibus

A smartphone app that facilitates medical marijuana deliveries is ordered to cease operations in Los Angeles, two publicly traded companies help build credibility for cannabis stocks, and Massachusetts MMJ businesses move forward in the face of regulatory uncertainty.

Here’s a closer look at some notable developments in the …