California agency recommends major overhaul to state’s marijuana taxes

California’s struggling cannabis industry didn’t get the recommendation many hoped for — a call to sharply lower the industry’s tax rate — but a long-awaited state report did suggest a marijuana tax overhaul.

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California’s budding cannabis industry prepares for another hit

Prominent cannabis companies that a year ago were growing aggressively have, in recent months, laid off hundreds of workers. They say hefty taxes, onerous regulations and competition from a thriving illicit market are forcing them to scale back operations.

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Jobs Are Being Created Left and Right in the Cannabis Industry

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The cannabis industry of the past few years has shifted rapidly to allow for a massive amount of growth in the market. During that time, we have seen the number of companies grow rapidly as well, which has pushed the amount of jobs available way up. Currently, cannabis is legal in as many as 33 […]

The post Jobs Are Being Created Left and Right in the Cannabis Industry appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

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Elon Musk’s decision to use cannabis on the air shows CEO dazed and confused by tone
Dude, what are you, high? There was a time when Elon Musk’s live-streamed puff of marijuana would have only enhanced the image of an iconoclastic business magnate who can’t be bothered by social conventions in his quest to change the world. But an ill-advised tweet last month by the... Read more
Local seminar demonstrates widespread confusion over marijuana and employment law
CHICO — The complexities and confusion around California’s new recreational cannabis regulations were obvious during Wednesday’s employers seminar, put on by the Chico Chamber of Commerce. With more than 90 registered, questions were varied, and anxiety sometimes obvious. The message from consultant Adrian Hoppes of Holden Law Group of... Read more
Wine and weed might not be allowed to mix in Temecula Valley
In some regions of California, former vineyards are being converted to cannabis farms, wine conferences are having sessions about marijuana, and an up-and-coming job is cannabis sommelier. While the wine and marijuana industries are similar in some ways, blending those worlds isn’t always easy. Winegrowers and cannabis cultivators increasingly... Read more
Chalice marijuana festival postponed; future date, venue unclear
Organizers of the Chalice California marijuana festival announced they’ve postponed the event and will be issuing refunds after the city refused to give them permission to let attendees buy and consume cannabis on site. “At this juncture, we believe it is best and safest to all of our guests,”... Read more
The first cannabis lounge in Southern California is coming to Palm Springs, and neighbor isn’t pleased
Palm Springs just issued a permit for what may well be the first legal cannabis lounge in Southern California — a place where people will be allowed to smoke and hang out in the way drinkers can gather at a pub — triggering a standoff with a neighboring business... Read more
Victorville refuses to approve Chalice marijuana festival; faces lawsuit
The Victorville City Council on Thursday night refused to sign off on allowing cannabis consumption and sales at the Chalice California festival, set for July 13-15 at at the San Bernardino County fairgrounds. The decision came after a few dozen people spoke in support of the festival, citing the... Read more
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