Recreational Marijuana News

Terra Tech sells Las Vegas retail cannabis shop for $6.2 million

One of the larger publicly traded marijuana companies in the United States announced the sale Thursday of one of its assets, a Nevada cannabis retail storefront, for $6.25 million. Terra Tech sold a 3,900-square-foot shop – located just north of the Las Vegas strip – to Exhale Brands Nevada, according to a news release. The facility […]

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Some California marijuana companies hurting from July 1 transition

The changeover to selling only lab-tested cannabis products and those with proper packaging has created hard times for some California retailers in early July, with a lack of compliant marijuana leaving a good number of shelves empty. The owner of All About Wellness in Sacramento told TV station KCRA he’s down about 60%-75% “of what […]

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Los Angeles to launch long-delayed licensing for marijuana growers

Los Angeles will kick off the process for licensing marijuana cultivators and manufacturers on Aug. 1, but it’s likely to be many months before any of those companies open their doors for business. The announcement Monday was greeted with a mix of anticipation and frustration by growers and other businesses awaiting licenses that have watched […]

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‘Waste, money lost’ as California cannabis retailers unload product

Cannabis retailers in California are scrambling to unload product that won’t be compliant with state regulations starting July 1. They were given six months to exhaust their supplies of products made before the new requirements, and the deadline to sell those products is June 30. On July 1, retailers must destroy any that remain. The […]

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Local corruption becoming hurdle for marijuana license seekers in California

Allegations of corruption during competitive bidding for marijuana business licenses is far from a new phenomenon, especially in California, where tales of backdoor wheeling-and-dealing between companies and public officials have been circulating for years. But the state’s newly regulated market, launched in January, has brought the issue even more to the forefront, as illustrated by […]

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July 1 could be ‘extinction event’ for some California cannabis businesses

Many California marijuana companies are worried if they will survive past the state’s July 1 deadline for complying with a comprehensive set of readopted and updated emergency regulations. The deadline to sell product that hasn’t passed mandated tests might even prove an “extinction event” for businesses struggling to comply, observed Pamela Epstein, founder of Los […]

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