Hertzberg Legislation to Establish Banking for the Cannabis Industry Passes First Committee

PRESS RELEASE The bill moves on to face a vote in the Senate Governance and Finance Committee next week. April 18, 2018 SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, today announced that his legislation to help financial institutions safely conduct transactions with licensed cannabis businesses has cleared its first hearing […]

Is There a Looming Supply Bottleneck in California?

California’s regulated adult use cannabis market has been up and running for around four months now and rumors of a potential supply bottleneck on the horizon are beginning to circulate. There are a number of factors that could have an impact on the cannabis supply in the market, most of […]

States With Legal Marijuana Seek Summit With Jeff Sessions

Oregon, Illinois, California and other states with legal marijuana seek summit with Jeff Sessions. Recently, the federal government suspended the policy preventing the DEA from going after marijuana businesses in states where weed is legal. And infamously anti-marijuana Attorney General Jeff Sessions is a big part of the Trump administration’s agenda. […]

Legal Marijuana States Seek Meeting With Jeff Sessions

California, Oregon and other marijuana-friendly states are seeking a meeting with U.S. Attorney General Jeff Sessions in hopes of resolving the conflict between federal and state laws that has left the nation’s cannabis industry in legal limbo. Marijuana is illegal at the federal level, even as 29 states have legalized […]

California Considers Cutting Marijuana Taxes To Draw Legal Customers

SACRAMENTO, Calif. — Less than three months after California launched legal marijuana sales for adults, the state could consider temporarily slashing hefty tax rates that some say are driving buyers into the black market. Growers and sellers in the nation’s largest legal marketplace have been complaining that taxes that in some cases […]

The Global Price of Cannabis

Cannabis pricing, globally, is a topic that is going to remain heated if not highly fluid for some time to come. Why? Government regulation (or lack thereof), compliance and even transport along with different models for commerce and consumption are creating an odd and absolutely uneven map of commodity pricing. […]

San Francisco Is The First City In California To Embrace Cannabis Lounges

The smoke was thick and business brisk at the Barbary Coast Dispensary’s marijuana smoking lounge, a darkened room that resembles a steakhouse or upscale sports tavern with its red leather seats, deep booths with high dividers, and hardwood floors. “There’s nothing like this in Jersey,” said grinning Atlantic City resident […]