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Keywords: "San Francisco"

MedMen raises $10M for new cannabis stores in Boston, San Francisco

Multistate marijuana company MedMen Enterprises has closed a non-brokered private placement worth $10 million that will be used “to drive” new store openings in Boston and San Francisco. MedMen sold $10 million worth of units at 32 cents per unit. Each unit includes one subordinate voting share and one share purchase warrant redeemable for an […]

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San Francisco officials delay new cannabis tax by a year

San Francisco officials decided to hold off by one year the implementation of a new cannabis sales tax. According to Law360, the city’s Board of Supervisors unanimously approved a delay of the new tax until the end of 2021. The tax was slated to go into effect in January 2021. The new tariff, approved by […]

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San Francisco cannabis store workers OK union-negotiated pact

The United Food and Commercial Workers Union scored another victory in the legal marijuana market when workers at a San Francisco retail store voted in favor of a UFCW-negotiated contract. According to a news release, workers at Stiiizy-Mission, located in the heart of San Francisco and operated by the Shryne Group, voted unanimously in favor […]

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San Francisco, Oakland advise marijuana firms about possible attacks

San Francisco and Oakland cannabis companies were warned this week that expected July Fourth weekend protests could lead to more burglaries, akin to how some criminals targeted marijuana businesses during Black Lives Matter marches in May. In a warning bulletin, the San Francisco Office of Cannabis wrote that “several protests” scheduled for the holiday weekend […]

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Two San Francisco marijuana stores announce layoffs, furloughs

At least two California retailers have seen enough of a downturn in sales amid the coronavirus pandemic that they’ve had to reduce their workforces. The Apothecarium and Sparc, longtime San Francisco marijuana shops, confirmed to the Bay Area Reporter that they were forced to cut staff in response to slower-than-usual sales. Ryan Hudson, CEO of […]

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San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M

Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars). In a news release, the Toronto-based company said the deal’s terms included $73.7 million in cash plus another $44.7 million worth of stock. In return, TerrAscend will receive: Three retail shops in […]

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San Francisco plans to create cannabis industry oversight committee

San Francisco officials plan to form a committee to monitor the city’s marijuana industry and assess its regulations and government oversight. According to the San Francisco Examiner, the new Cannabis Oversight Committee will: Examine the work done by the city’s Office of Cannabis. Measure the impact of existing regulations on businesses and communities. Make recommendations to […]

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San Francisco cannabis grower using 100% renewable energy

Marijuana cultivators have become an increasing burden on power grids across the country, especially where cannabis is legal. But in the heart of San Francisco, at least one cultivator has made the switch to completely renewable energy through a partnership with the city’s utility department. Sense, which runs a small, 2,000-square-foot grow in the city, […]

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San Francisco cannabis report: Consumption to spike, prices to plummet

The amount of legal marijuana consumed in San Francisco could triple – to 30 million grams per year – after California’s recreational market launches in January, but cannabis prices will fall “dramatically,” according to a new report. A draft tax report compiled by the City Controller’s office showed that once recreational sales begin, total regulated […]

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CA senator: San Francisco proposal a ‘ban’ on new cannabis firms

A San Francisco land-use committee has given an initial green light to a restrictive zoning proposal that one state senator from the city is claiming would “ban all new cannabis retail businesses in almost all of San Francisco.” Sen. Scott Wiener – a former member of the board of supervisors – wrote in a lengthy Facebook […]

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