Flow Kana isn’t the only cannabis company forced to make cuts. In recent weeks, companies like Eaze and Weedmaps have also laid off part of their workforce.
“It almost feels like an epidemic of companies of similar size going through similar processes,” Steinmetz said.
The layoffs reflect challenges in California’s fledgling recreational cannabis industry. Voters legalized recreational marijuana in 2016, with sales beginning in 2018. Continue reading “‘Epidemic’ of Layoffs in California Marijuana Industry”
The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight.
Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing. And they’re thriving — they sell cheaper products than their legal rivals because they don’t charge hefty state and local taxes.
In a letter Monday, the industry group Southern California Coalition recommended the city consider seizing cannabis inventory and cash from illegal shops that are found to be selling tainted products. Continue reading “Marijuana Industry Wants L.A. to Crack down on Illegal Pot Shops”
California’s legal marijuana market is finally, fitfully, taking shape.
The state on Thursday issued the first batch of business licenses to sell and transport recreational-use pot, just 18 days before legal sales will begin on Jan. 1, 2018.
The 20 temporary licenses — some of which were for the previously existing medical marijuana industry — represent a fraction of the thousands of licenses expected to follow as the state embraces legal weed in 2018, but their release set off jubilation. Continue reading “California Issues First Legal Marijuana Business Licenses”
California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation.
Talks are underway between the state, banks and federal regulators on a plan to allow banks to serve a marijuana market that is expected to grow to $7 billion annually by 2020 in California. Starting Jan. 1, it will be legal to grow and sell marijuana for recreational and medical uses. Continue reading “California Looks To Solve Banking Issues As Legal Marijuana Nears”
Fatal fires that have consumed nearly 200,000 acres in Northern California, devastating the region’s vineyards particularly in Napa and Sonoma Counties, are also taking a toll on a fledgling industry just months before its debut: recreational marijuana.
Many of the region’s farms, including those that harvest cannabis, have been scorched, including those in Sonoma County and in Mendocino County, the center of California’s marijuana industry. Mendocino is one of three California counties that comprise Emerald Triangle, where much of the United States’ marijuana is produced.
Continue reading “California Wildfires Are Hitting Marijuana Farms”
Last November, California voters approved a ballot measure to legalize marijuana. Now, the state’s lawmakers are formally calling on the federal government to reclassify cannabis.
“The Legislature urges the Congress of the United States to pass a law to reschedule marijuana or cannabis and its derivatives from a Schedule I drug to an alternative schedule, therefore allowing the legal research and development of marijuana or cannabis for medical use,” reads a joint resolution approved by the California Assembly on Thursday with a vote of 60 to 10. Continue reading “California Calls on Feds to Reschedule Marijuana”
From the sky they look like citrus groves, neat rows of lush emerald-colored plants set amid the hills of Northern California.
But as a police reconnaissance helicopter banked for a closer look on a recent afternoon, the pungent smell of marijuana plants filled the cabin, wafting up from 800 feet below. Continue reading “With Legal Cannabis on Its Way, California Growers Continue to Operate in the Dark”
There’s a new joint in town.
MedMen, one of the largest marijuana retailers in the country, opened its newest medical marijuana dispensary last month in Santa Ana, making its 3,000 square feet of retail space one of the largest dispensaries in the county. Continue reading “This Santa Ana Dispensary Wants to Change the Way You Buy Cannabis”
After almost two decades, Netflix has decided to dive into the marijuana industry by selling a few of its own strains of weed. According to Variety, the streaming giant is gearing up to offer a number of boutique marijuana strains in West Hollywood, California. These various strains of weed are marketed toward enhancing the experience of settling into the couch for a night of Netflix and chill. Continue reading “Netflix Hops Into Cannabis Selling Promotional Strains Based on Their Shows”
As California gears up for the implementation of Proposition 64, which legalized recreational marijuana use, state regulators are trying to figure out how the new industry will impact the energy supply.
In February, the California Public Utilities Commission held a workshop to assess the potential energy impacts of widespread legal pot growth. Continue reading “California Studies How Marijuana Farming Effects State’s Energy”