California Medical Cannabis Business & Marijuana Legal News

CalCann Holdings Hopes to Bring Credibility to Southern California’s MMJ Industry

Omar Sacirbey  | February 18, 2016

By Omar Sacirbey

Southern California’s medical cannabis industry is one of the largest in the country, but it’s also one of the most chaotic and controversial given the proliferation of unregulated, unscrupulous dispensaries in the Los Angeles area.

CalCann Holdings hopes to change that.

Billionaire Puts $1M Behind CA Rec Initiative

John Schroyer  | February 17, 2016

The question over whether or not billionaire Sean Parker, of Facebook fame, would help fund a push to legalize recreational marijuana in California has been put to rest. He recently contributed a second helping of $500,000, bringing his total commitment to $1 million, according to SF Weekly.

The Adult Use of Marijuana Act, …

Latest Celeb to Enter MMJ Industry: Roseanne

John Schroyer  | February 12, 2016

It seems like every month there’s a new celebrity getting into the cannabis business. Next up, longtime comedian Roseanne Barr.

Barr is throwing her name and at least some of her fortune behind a new dispensary license winner in Santa Ana, a southern suburb of Los Angeles, according to the Orange County Register. …

Week in Review: Marijuana Tax Proposal in CA, Potential New Competition in NY + Cannabis Ad Relief?

John Schroyer  | February 12, 2016

By Omar Sacirbey and John Schroyer

California lawmakers consider implementing new taxes on medical cannabis sales, New York MMJ businesses could see more competition in the near future, and a federal bill seeks to open up cannabis advertising.

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

California Considers 15% Medical Marijuana Tax

Omar Sacirbey  | February 10, 2016

A new bill introduced Wednesday in California would impose a 15% percent tax on medical marijuana sales to pay for state programs and enforce new regulations, according to SFGate.com.

But the Marijuana Value Tax Act, as the bill is known, may not be the only expense MMJ businesses face, since local governments could levy …

California Marijuana Bans Threaten Thousands of Businesses

John Schroyer  | February 9, 2016

By John Schroyer

The recent wave of local bans and moratoriums on cannabis businesses in California could have brutal repercussions for the state’s medical marijuana industry.

So far, 241 cities and counties have either approved some type of cannabis business ban or have one pending, according to the marijuana consultancy Sugarleaf Productions.

Marley Natural Launches Cannabis Brand

Omar Sacirbey  | February 5, 2016

Marley Natural, the company owned by the family of Bob Marley, will launch its branded cannabis products on Feb. 6, which would have been the reggae legend’s 71st birthday.

The company’s cannabis strains will go on sale in three dispensaries in the Los Angeles area, and it will be in “hundreds” of retailers before the …

Week in Review: Relief in CA, MMJ Gains in Two States & Major Expansion in the Works

John Schroyer  | January 29, 2016

By John Schroyer

California moves to slow the pace of medical marijuana bans, MMJ makes big gains in Ohio and Florida, and a cannabis company announces what could be the most ambitious expansion plan in the industry to date.

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

Report: Over 160 Proposed Local CA Bans on Marijuana Growing

John Schroyer  | January 25, 2016

Heading into the last month that local California governments can take regulatory action on marijuana before a new state law kicks in, more than 160 jurisdictions have either approved or introduced bans on medical cannabis growing.

The “banapalooza,” as the California chapter of NORML has termed it, stems from a relatively short deadline that …

Oakland Dispensary Shares To Be Publicly Traded

Omar Sacirbey  | January 13, 2016
By Omar Sacirbey

Following a brutal 2015 for marijuana stocks, the cannabis investment sector has something to smile about to start the new year. The stock markets will soon welcome a U.S. dispensary to the ranks of the publicly traded: Black Oak Gallery, better known as Blüm Oakland.