The passing of Proposition 64 in 2016 legalizes recreational marijuana in California as of January 1, 2018. This will increase the opportunity for marijuana businesses to grow throughout the state. According to an article from Forbes, California cannabis business owners are projected to make $5.2 billion in revenue in 2018,…
Cultivation and sales of marijuana to recreational users will soon be legal in California, and ahead of that schedule, the Bureau of Cannabis Control (previously the Bureau of Medical Cannabis Regulation) has issued a regulatory framework that covers everything from concentration of edibles to zoning rules. Excitement in palpable as…
While legal sales of recreational marijuana in California will be a reality in a matter of weeks, it’s also true that marijuana businesses face some major logistical hurdles. One of the most difficult among those challenges is being forced to do cash-only commerce. Because marijuana is still illegal at the…
Marijuana business owners have many reasons to carefully manage their assets. Now, a recently-published article by the U.S. Department of Justice’s Executive Office for U.S. Trustees gives another: Marijuana businesses cannot expect help with liquidation or restructuring in the event of bankruptcy. The executive office for trustees is the watchdog…
Last week, the state of California started accepting applications from marijuana businesses and start-ups seeking to operate within the state’s legalized marijuana industry in 2018. This is a major milestone from this burgeoning market, and it’s being furthered by a new online system that will allow retailers, distributors and product…
As everyone knows, medical marijuana is illegal under federal law because it is listed as a Schedule I drug. While a majority of states and the District the Columbia have legalized medical marijuana, the federal government could theoretically (though not practically) crack down on these states and their residents at…
Many comparisons have been made to recreational marijuana and alcohol, particularly in how advocates have recommended regulation. Although there are similarities, we know that recreational alcohol use, dependence and abuse has caused far more issues than marijuana, and evidence suggests that trend may continue, even as marijuana legalization spreads. In…
With the approval of regulations for recreational marijuana, the L.A. City Council has paved the way for the city to become the biggest city in the U.S. to allow legal marijuana growth, sales and use. The council’s decision followed many months of political wrangling and bitter disputes. But now, the…
There is no question that we are in the midst of a major opioid abuse epidemic in the U.S. While it has gotten a lot of attention in the media lately, the solutions proposed by those in power have generally been limited to cracking down on the smuggling of illegal…
From grow operations to dispensaries to high end paraphernalia that works with smartphones, there is seemingly no end to the growth potential of the cannabis industry. According to a recent news article by USA Today, a wealthy cannabis company has just purchased a remote California town to create what they…