California drops ‘bombs’ in updated draft of permanent rules for cannabis businesses
California’s proposed marijuana business regulations continue to evolve, this time in an updated draft of permanent industry rules released Friday by state officials.
The proposed rules – from the state’s Bureau of Cannabis Control, Department of Food and Agriculture and Department of Public Health – touch on areas including marijuana delivery, packaging and events.
MedMen sells marijuana properties in California, Las Vegas for $12.5 million
MedMen Enterprises said it agreed to sell three cannabis properties in California and Nevada for roughly $12.5 million, a move aimed at boosting the multistate marijuana company’s liquidity and supporting its expansion.
Southern California recreational cannabis firms struggle with product shortages, licensing and black market
“Growing pains” is an understatement to describe Southern California’s tumultuous recreational marijuana marketplace.
New regulations that took effect July 1 are rattling what was already a turbulent part of the California MJ industry. The industry there also is suffering from product shortages, slow license approvals and a thriving black market.
