It’s been nearly six years since California legalized recreational marijuana. Today, the black market eclipses the legal one, accounting for two-thirds of all cannabis sales.
Cannabis operators across California are downsizing, divesting, and allowing licenses to expire to save money in a challenging business environment.
Opposition to the bill is coming from within the cannabis industry.
Walk into any cannabis dispensary in Los Angeles today and the odds are you’re walking into an illegal shop. Only around 184 dispensaries in the city are licensed. That’s less than 1 in 5.
The federal government will return all of the cash seized from armored transport company Empyreal Logistics during stops of its armored vehicles by the San Bernardino County Sheriff.
How bad is the situation for legal cannabis in California? So bad that nearly 90% of marijuana dispensaries in the state have closed in the past five years.
Cannabis growers are already struggling to stay afloat in the Golden State. Now they’ve been excluded from a $268 million farming assistance plan to address the state’s drought.
There’s now an oversupply in the market that has driven down wholesale cannabis prices, especially in California. More important, experts say, is the realization that even a Democratic White House and Congress can’t deliver on federal legalization.
The Secure and Fair Enforcement (SAFE) Banking Act, which would allow more banking institutions to provide services to state-licensed marijuana-related businesses, has been cut out of the Senate’s
Imagine going to your local farmer’s market and picking up a gram of weed with your rainbow chard. Well, we’re one step closer to that reality.
The Mission Viejo City Council has rejected a plan to legalize commercial businesses in the city despite a recommendation from the Planning Commission.