Medical marijuana has been big business in California for over two decades. However, California was not this first state to legalize marijuana for recreational sales, and regulators here still face a learning curve as we prepare to open the doors on legal, non-medicinal sales. One concern is the tax rate.…
It is well-known that marijuana and cannabis products can do a lot to help with the pain of many serious medical conditions. These products have proven invaluable to cancer patients, helping them overcome the often powerful nausea and lack of appetite caused by chemotherapy. Because marijuana returns their appetite, this…
While medical marijuana is legal in Los Angeles pursuant to state law, and the use and sale of recreational marijuana is going to be legalized in 2018, it is still illegal as it a Schedule One controlled substance on the U.S. Controlled Substances Act of 1970 (USCSA). This means that…
The Orange County government controls the unincorporated areas of the county. According to a recent news article from the Los Angeles Times, Orange County officials are taking steps to ban the sale of marijuana and the distribution of marijuana within its jurisdictional limits. A new ordinance was preliminarily approved by…
California is posed to instantly become the country’s largest marijuana market when lawful sales of cannabis for recreational use begin on January 2, 2018. While this presents vast opportunity for investors and entrepreneurs, it also presents a wealth of regulatory challenges. Businesses often face greater regulation in California than other…
For years, industry and academia have partnered to find better ways of delivering a better product to consumers. This model has allowed entrepreneurs to take advantage of scientific findings and reliable data to improve their operations and products. Now, one cannabis company is partnering with academic researchers to better understand…
As with any retail business, cannabis entrepreneurs find themselves with increased sales around the holiday season. Businesses which are prepared for these opportunities can invest in growth which will sustain profitability well into the new year. Fall Festivities There are many ways to market cannabis products for the fall season.…
In the wake of devastating wildfires in Northern California, many cannabis farmers were dealt a particularly hard financial blow. Cannabis businesses are generally unable to obtain insurance coverage. This is because the insurance industry is regulated by federal law – a federal law which classifies marijuana as an illegal substance.…
Identifying the target market of a business is an important step for any entrepreneur. Profitability can be enhanced by spending advertising budgets effectively, and expanding into markets which have the best potential for sustained business growth and profitability. Entertainment icon Whoopi Goldberg is now breaking into the cannabis industry with…
In April 2017, Governor Jerry Brown signed an executive order which declared an end to the state of emergency in California related to the drought. This lifted many of the legal restrictions placed on water use of California residents and businesses. Unfortunately, California’s water woes are far from over. Marijuana…