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Analysts slash forecast on California cannabis market as slow licensing takes toll

Analysts slash forecast on California cannabis market as slow licensing takes toll

CaliforniaIndustryMarijuana Laws, Regulations, & PoliticsUS Marijuana News June 29, 2018

New state rules are killing the buzz on California’s cannabis sales. Legal pot that was once expected to generate $3.7 billion in revenue this year now is forecast to total just $2.9 billion, Greg Shoenfeld, vice president for operations at BDS Analytics, said by phone Wednesday, previewing a report... Read more
Milpitas: Voters may decide whether to levy marijuana sales tax

Milpitas: Voters may decide whether to levy marijuana sales tax

CaliforniaIndustryMarijuana Laws, Regulations, & PoliticsUS Marijuana News June 29, 2018

MILPITAS — Milpitas residents likely will be asked to consider approving a November ballot measure that would levy a tax on marijuana sales. The Milpitas City Council last week directed staff to prepare the ballot measure as a way to raise more money. The measure’s wording will need to... Read more
From Forbes: U.S. Senate Votes To Legalize Hemp After Decades-Long Ban Under Marijuana Prohibition

From Forbes: U.S. Senate Votes To Legalize Hemp After Decades-Long Ban Under Marijuana Prohibition

Health & FitnessIndustryMarijuana Laws, Regulations, & PoliticsMedical MarijuanaNational & Federal Marijuana NewsUS Marijuana News June 29, 2018

From Forbes.com: The non-psychoactive cannabis cousin of marijuana would finally become legal to grow in the United States under a bill overwhelmingly approved by the Senate. The wide-ranging agriculture and food policy legislation known as the Farm Bill, passed by a vote of 86 – 11 on Thursday, contains provisions to legalize the cultivation,... Read more
Hayward approves 11 commercial cannabis businesses

Hayward approves 11 commercial cannabis businesses

CaliforniaIndustryMarijuana Laws, Regulations, & PoliticsUS Marijuana News June 29, 2018

HAYWARD — Eleven commercial cannabis businesses have been given the OK to open in Hayward, including businesses specializing in cultivation, manufacturing, distribution, delivery or testing. None are dispensaries. The majority of Hayward City Council members expressed excitement over the new businesses at their Tuesday meeting where they approved the... Read more

California’s cannabis industry is at a ‘reckoning’

CaliforniaIndustryMarijuana Stocks, Finance, & InvestingRecreational MarijuanaUS Marijuana News June 29, 2018

California’s move to open up its cannabis market to recreational users has had an unexpected result: A growing segment of the industry may be moving back into the shadows. Thousands of manufacturers, growers and retailers have lost their licenses amid tighter regulations on marijuana and more oversight from local... Read more
BREAKING NEWS: Senate Bill Introduced to End Cannabis Prohibition

BREAKING NEWS: Senate Bill Introduced to End Cannabis Prohibition

Marijuana Laws, Regulations, & PoliticsNational & Federal Marijuana NewsUS Marijuana News June 28, 2018

Our thoughts on the new Senate cannabis bill. Yesterday, U.S. Senator Chuck Schumer (D-NY) introduced the Marijuana Freedom and Opportunity Act (“MFOA”). The MFOA is also co-sponsored by Senators Bernie Sanders (I-VT), Tim Kaine (D-VA), and Tammy Duckworth (D-IL). Coming on the heels of the STATES Act, the MFOA... Read more
Federal Laws Create a ‘Moat’ Around Marijuana Business, Says Founder of U.S. Cannabis Company

Federal Laws Create a ‘Moat’ Around Marijuana Business, Says Founder of U.S. Cannabis Company

Marijuana Laws, Regulations, & PoliticsNational & Federal Marijuana NewsUS Marijuana News June 28, 2018

The Food and Drug Administration on June 25 approved for the first time a drug made from cannabidiol (CBD), a molecule derived from the cannabis plant. The drug, Epidiolex, was approved for the treatment of two types of epilepsy, Dravet syndrome and Lennox-Gastaut syndrome, that have been resistant to treatment. Well-designed clinical... Read more
Approval of Drug Derived From Cannabis Not Necessarily a Win for the Plant

Approval of Drug Derived From Cannabis Not Necessarily a Win for the Plant

Health & FitnessMarijuana Laws, Regulations, & PoliticsMedical MarijuanaNational & Federal Marijuana NewsScience & TechUS Marijuana News June 28, 2018

Cleveland, OH–JUNE 24, 2018 — PRESS RELEASE — The Medical Cannabis Pioneers Picnic will be held at Rid All Green Partnership, a thriving urban farm in Cleveland, Ohio, on July 22, 2018 from 3 p.m. to 7 p.m. Guests will enjoy healthy and organic picnic fare, while several certified-to-recommend... Read more
La Palma City Council drops idea of allowing some marijuana-related businesses

La Palma City Council drops idea of allowing some marijuana-related businesses

CaliforniaMarijuana Laws, Regulations, & PoliticsUS Marijuana News June 27, 2018

La Palma might be small, but its citizens were loud and clear Tuesday night: They don’t want their city to become what one resident described as “the pot capital of northwest Orange County.” Citizens overflowed the City Council Chambers, some having to sit in an adjoining room, to oppose... Read more
Kern County maintains medical marijuana dispensary ban

Kern County maintains medical marijuana dispensary ban

CaliforniaDispensaries & RetailIndustryMarijuana Laws, Regulations, & PoliticsMedical MarijuanaUS Marijuana News June 27, 2018

The current ban on medicinal marijuana dispensaries will remain in place in Kern County for the time being after the Kern County Board of Supervisors took no action on a proposal that could have led to the establishment of seven legal medicinal dispensaries throughout the county at a meeting... Read more
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