Legal sales are up significantly from an approximate $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the analysis by sales-tracking firms Arcview Market Research and BDS Analytics. After a rocky start in 2018, retailers that have survived California’s tough licensing, testing and... Read more
California is on track to post a record $3.1 billion in licensed cannabis sales this year, solidifying its status as the largest legal marijuana market in the world, according to a study released Thursday by financial analysts who advise the industry. Legal sales are up significantly from an approximate... Read more
By: Jay Purcell, Clark Neubert LLP Finally, cannabis companies are obtaining annual licenses, triggering a new set of disclosure regulations. Three regulators require ongoing disclosures of changes to old—application-information and disclosure of information not previously requested: Bureau of Cannabis Control (“BCC,” regulates retailers and distributors), CA. Department of Food and... Read more
The University of California, Davis announced Tuesday its plans for a partnership with a federally approved pharmaceutical company “to analyze the chemical and biological profiles of cannabis for the benefit of law enforcement, health care providers and scientific professionals.” Researchers at the school will collaborate with Biopharmaceutical Research Company,... Read more
We’ve written many times about how commercial leases to cannabis tenants are their own beasts. Generic leases don’t ever the job done. And, in California, as bad as some landlords want to rely solely on AIR and CAR forms, we generally caution landlords to have a customized lease arrangement when dealing with a cannabis tenant….
San Francisco grants first temporary sales permit days ahead of annual Golden Gate Park festival, allowing vendors to sell flower and concentrate Marijuana will be available to purchase legally at Outside Lands this year after the festival received the green light from the San Francisco Office of Cannabis Wednesday,... Read more
Many people think owning and operating a cannabis business is a dream job. The reality is that any dream job can quickly become a nightmare when your business gets pulled into a dispute. Failing to resolve disputes early can be shockingly expensive. Discovery — of documents and by depositions — is usually costly, and risky…
The Outside Lands music festival in San Francisco will have areas for the sale and consumption of legal cannabis for the first time this year, according to state and local regulators. Approval for the separate cannabis consumption and retail zones came on Wednesday, just days before this weekend’s event... Read more
Commercial cannabis licensing in California kicked off on January 1, 2018. A few days later, former U.S. Attorney General, Jeff Sessions, rescinded all former Department of Justice guidance on federal enforcement of the Controlled Substances Act in states with legal cannabis. The industry reaction in California that day was all over the place, and chaos…
Colorado biotechnology company KelSie Biotech announced on Tuesday that its SUM Microdose line of products is expanding into California’s legal cannabis market. The company’s cannabis-infused products will be manufactured by Verde Natural, a cultivator and processor of marijuana products based in Colorado and California. Verde Natural also has a... Read more
