Paperwork is holding up California’s marijuana industry. Will $100 million fix it?
As thousands of provisional marijuana license holders in California struggle to secure a full annual license, the state is kicking in $100 million to help cities and counties to address the backlog. California voters in 2016 voted to legalize the sale of adult-use cannabis, opening the door for a... Read more
Exclusive Interview with Body and Mind CEO Michael Mills and COO Trip Hoffman Multi-state operator Body and Mind (CSE: BAMM) (OTCQB: BMMJ) has fueled its growth in the cannabis industry through applying for opportunities in limited license states and launching those operations as quickly as possible. The Body and... Read more
Today California Governor Gavin Newsom signed Assembly Bill 45, establishing a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in the state, including smokable hemp as well as hemp-infused food and drink sales. As an emergency statute, the bill goes into effect immediately. While CBD products... Read more
Law enforcement officials in the San Francisco Bay Area seized more than 100,000 cannabis plants from more than a dozen unlicensed cultivation sites last week, taking down a “modern day bootlegging” operation in a series of raids that spanned two days. The massive bust carried out by the Alameda... Read more
Fiore Cannabis Provides Corporate Updates Including Developments at Apex Cannabis Facility in Las Vegas
Ryan Allway October 5th, 2021 Cannabis company positioned to benefit from U.S. legalization efforts with its core operating markets clearly defined as Nevada and California Kelowna, British Columbia and Las Vegas, Nevada–(Newsfile Corp. – October 5, 2021) – Fiore Cannabis (CSE: FIOR) (OTCQX: FIORF) (“Fiore” or the “Company”), a... Read more
Equity Member Spotlight: Endo Industries – Nancy Do
This month, NCIA’s editorial department continues the monthly Member Spotlight series by highlighting our Social Equity Scholarship Recipients as part of our Diversity, Equity, and Inclusion Program. Participants are gaining first-hand access to regulators in key markets to get insight on the industry, tips for raising capital, and advice on how to... Read more
Cresco Labs Shifts to Owned-Brand Distribution in California to Increase Profitability, Reduces Third Party Distribution CHICAGO, September 30, 2021–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the decision... Read more
It was recently announced that 60,000 cannabis convictions will be dismissed in Los Angeles, California. Los Angeles County District Attorney George Gascón and The Social Impact Center, which is a nonprofit organization with ties to government, grassroots organizations and people in underserved communities, are behind the dismissals.  The decision... Read more
L.A. County D.A. to dismiss 60,000 past marijuana convictions
The nation’s largest prosecutor’s office is moving to dismiss roughly 60,000 marijuana convictions, the latest step to undo what some reform advocates consider the damage caused by narcotics enforcement carried out before Californians voted to legalize marijuana, Los Angeles County Dist. Atty. George Gascón announced Monday. Under previous Dist.... Read more
US Marijuana Stocks To Buy Right Now? 2 To Watch For Gains With New Banking Legislation
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