california Archive

Amid avalanche of hype, Desert Hot Springs medical cannabis industry faces challenges

Omar Sacirbey  | July 26, 2016

By Omar Sacirbey

Longtime 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.

Cannabis cultivation leasing companies undergoing growth spurt

Omar Sacirbey  | July 20, 2016

By Omar Sacirbey

Prospective marijuana growers who lack the money to bankroll their own sites increasingly are turning to companies that specialize in leasing land to cannabis cultivators.

That has created a mini boom in the emerging real estate leasing business – and given cultivators a new avenue for launching their companies.

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 …

Medical cannabis research growing, but hurdles remain

Omar Sacirbey  | July 19, 2016

By Omar Sacirbey

Scientific researchers are increasingly interested in studying the medicinal properties of cannabis, and breakthroughs have been achieved that could lead to additional uses for medical marijuana.

The moves could bolster the MMJ industry and boost sales. But marijuana’s status as a federally prohibited Schedule 1 drug remains a serious obstacle to research.

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 …

Firm’s Findings Show Promising Results Among Testing Labs

Omar Sacirbey  | June 27, 2016

Emerald Scientific, a California supplier of equipment and testing products to the cannabis testing sector, has released the results of its latest Emerald Test – which measures the accuracy of dozens of testing labs – and the results are promising.

Nearly 50 labs entered the company’s semi-annual Inter-lab Comparison and Proficiency Test, which measures a …

Newsom: California marijuana measure has anti-monopoly safeguards

Roger Fillion  | June 22, 2016

By Chris Walsh

OAKLAND, CA. – Smaller farmers, mom-and-pop businesses and existing medical marijuana companies will have a place in California’s recreational cannabis industry if voters pass a legalization measure this fall.

That’s the message California Lt. Gov. Gavin Newsom, a big supporter of the legalization measure, gave marijuana business professionals on Tuesday.