California Medical Cannabis Business & Marijuana Legal News

Ex-Mexico president calls for NAFTA-like international MJ trade

John Schroyer  | June 13, 2017

Former Mexican President Vicente Fox called for cannabis to be included in international deals such as the North American Free Trade Agreement (NAFTA).

Speaking to reporters Tuesday before delivering a keynote address at the National Cannabis Industry Association conference in Oakland, California, Fox predicted the rise of a legal Mexican marijuana market that will lead …

Good start for Los Angeles’ cannabis business regulations – but a long way to go

John Schroyer  | June 13, 2017

By John Schroyer

The first draft is out. And many are thankful it's not the last.

That's the consensus of some industry leaders after Los Angeles' marijuana businesses got their first glimpse of much-anticipated city regulations for the cannabis industry. Inroads have been made, but there's much fine-tuning left to do.

Study: California rec marijuana sales to surpass $5B annually

Omar Sacirbey  | June 12, 2017

California’s looming legal recreational marijuana market eventually will total more than $5 billion in annual sales, but the black market will continue to provide substantial competition, according to a study by the University of California Agricultural Issues Center.

Contracted by the the state's Bureau of Marijuana Control, the study mirrors Marijuana Business Daily's projection in May that …

MJ investment firm, Seminole-led company form partnership

Omar Sacirbey  | June 6, 2017

A Las Vegas-based canna-centric investment advisory firm and a company with Seminole ownership have forged a partnership aimed at bringing medical marijuana cultivation and production to Native American lands.

Electrum Partners, guided by CEO Leslie Bocskor, and Billie’s MCW, partially owned by former Seminole Tribe of Florida Chairman James Billie, hope to …

Prosecution of marijuana attorney could impact industry, fellow lawyers say

John Schroyer  | June 6, 2017

By John Schroyer

The week before Memorial Day, California lawyer Jessica McElfresh was charged with multiple felonies by the San Diego County district attorney.

Her alleged wrongdoing? Conspiracies to commit a crime and obstruct justice and manufacturing a controlled substance.

California commissioner to insurers: Serve marijuana firms

Omar Sacirbey  | June 5, 2017

California’s insurance commissioner is calling on insurance companies to provide coverage to cannabis firms in the state.

Commissioner Dave Jones’ efforts are notable given that insurance would be mandatory for cannabis businesses under proposed rules drafted by California regulators.

Jones is conducting a series of meetings with major insurance carriers in the …

Steep Hill opening cannabis testing labs in Arkansas, California

John Schroyer  | June 5, 2017

One of the most prominent cannabis testing labs in the nation, Steep Hill, is expanding its reach by opening new facilities in Arkansas and Los Angeles.

Both labs are licensed to operate under the Steep Hill brand, which means they’ll utilize the Berkeley, California-based company’s testing methods …