Tag Archive : cannabis

Making cannabis normal at Oakland’s NUG

It takes a lot of courage to start your own business.

Taking an idea from concept to reality, and dealing with everything from finding a location for the business, keeping up with inventory, learning about distribution and making payroll can test the mettle of the most-confident entrepreneur.

Now, consider doing all of that in a nascent industry that is dealing with all kinds of new governmental regulations, trying to shed a public stigma and is, well, known for the aroma of a certain type of plant.

Read the rest of this story on MercuryNews.com.

Why cannabis sponsors the cleanup of more Colorado highway miles than any other industry

Cannabis companies are the leading sponsors of Colorado highways, accounting for cleanup on two-thirds of the roads maintained by Clean Colorado — a program the industry has leveraged as a loophole in the state’s strict limits on marijuana advertising.

Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state, according to data from the Adopt a Highway Maintenance Corporation.

Though they represent less than half of all organizations that participate in the Clean Colorado program, those cannabis firms’ reach spans about 198 miles, or 66% of the roads actively sponsored.

Read the rest of this story on DenverPost.com.

State cannabis regulations remain complex, but growers steadily becoming compliant

Save for a few adjustments in state laws, a cannabis permitting workshop in Fortuna on Wednesday carried out in exactly the same way as another workshop 18 months prior — each serving as an effective how-to on becoming legally compliant with California’s pot regulations.

But for state officials walking attendees through the ins and outs of state policies, there’s one evident distinction between past and present workshops: whereas an August 2018 event packed the River Lodge with 100 growers and consultants, only about 15 people showed up to Wednesday’s occasion.

Janice Mackey, a public information manager for the state Department of Fish and Wildlife, said the decline in attendance signals good news that more and more cannabis growers are coming into compliance with California’s legal system.

Read the rest of this story on Times-Standard.com.

Whoopi Goldberg’s California cannabis company has shut down

By Alicia Wallace | CNN Business

Whoopi & Maya, the medical cannabis company co-founded by Whoopi Goldberg, is closing up shop, according to a statement posted on its website.

In an interview with CNN Business, Rick Cusick, a Whoopi & Maya board member who helped found the company with Goldberg and Om Edibles founder Maya Elisabeth, said he received word Friday from Goldberg that she planned to step away from the brand.

Read the rest of this story on MercuryNews.com.

Colorado unveils plan to help bring banking to state’s cannabis industry

With federal banking still out of reach, Gov. Jared Polis unveiled new strategies Monday to entice Colorado banks, credit unions and money transmitters to work with cannabis companies and become leaders in providing financial services to marijuana and hemp businesses.

Polis’s plan renews the state’s commitment to creating a regulatory landscape that affords cannabis businesses access to services widely available to other legal industries, while offering financial institutions support to navigate the industry’s federal grey area.

Because marijuana remains a controlled substance under federal law, Colorado’s dispensaries, cultivations and other businesses have been prohibited from obtaining conventional financial services, such as lines of credits or loans, and the ability to accept credit cards.

Read the rest of this story on DenverPost.com.

In second year of legal weed, California’s cannabis industry still struggles

As year two of legal cannabis sales in California comes to a close, shoppers are still more likely to buy marijuana from illicit sellers than from state-sanctioned stores that pay taxes and test their products for safety.

California’s 7,000 licensed cannabis businesses — and the state’s tax revenue — are feeling the pinch.

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.

Read the rest of this story on ocregister.com.

California agency recommends major overhaul to state’s cannabis 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.

The report from California’s nonpartisan Legislative Analyst Office, released Tuesday, Dec. 17, says lawmakers should ditch the way the state currently taxes marijuana and, instead, tax cannabis at different rates based on its potency. Such a tax structure, the report said, would result in stable revenue and discourage cannabis abuse.

The report — the first of its kind since voters legalized cannabis three years earlier — also recommends California quit making licensed cultivators pay a tax based on the weight of marijuana they grow.

Read the rest of this story on ocregister.com.