California Medical Cannabis Business & Marijuana Legal News

Proposed regulatory and tax reforms in California could make life simpler for marijuana businesses

A proposed overhaul of California’s marijuana regulatory and tax collection system could mean far less headaches for licensed cannabis companies in the state. It could also indicate there’s more legislative help on the way in 2020 for California’s struggling legal marijuana market. When he announced his annual budget plan on Jan. 10, California Gov. Gavin […]

Read More

Illegal marijuana grows raided in California

More than 15,000 cannabis plants were destroyed and six people were arrested during raids on illegal grows in Southern California, the state’s latest move in its fight against a flourishing black market. Thirteen search warrants involving marijuana cultivation were served by Riverside County sheriff’s deputies and state Department of Fish and Wildlife personnel in the […]

Read More

San Diego restricts billboard cannabis advertising

The San Diego City Council unanimously approved a ban on marijuana billboard ads within 1,000 feet of schools, playgrounds, day care centers, youth centers and parks with playgrounds, a move supported by local marijuana businesses. Despite the law, initially proposed?in October, 54% (352 of 644) of the city’s existing billboard sites will be available to […]

Read More

California gov moves to simplify cannabis regulatory, tax systems

California Gov. Gavin Newsom’s administration on Friday announced plans to simplify the state’s cannabis regulatory and tax systems, which have been blamed for enabling an illicit market to continue to thrive. The proposed changes, which will be in Newsom’s state budget proposal, come in the wake of recommendations by an independent agency that the state?overhaul […]

Read More

Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

Read More

Cannabis giant Harvest Health seeks to terminate acquisition

Harvest Health & Recreation, an Arizona-based multistate marijuana operator, on Wednesday said it has filed a federal lawsuit against Falcon International seeking to terminate its merger agreement with the California-based company. As part of the suit, Harvest also is seeking a return of $50 million it paid to Falcon under the merger agreement. Harvest’s complaint, […]

Read More

2019’s top US cannabis business stories: Vape crisis, California MJ industry challenges, landmark legalization moves & more

The U.S. cannabis industry experienced some momentous moves forward on the legalization front in 2019, but it also faced significant obstacles that reflected how the licensed marijuana sector is continuing to mature and why it cannot always expect boom times and unfettered growth. The top page views of the year at Marijuana Business Daily show […]

Read More

Week in Review: Aurora Cannabis execs depart, Curaleaf raises $275M in debt, IL readies for adult-use MJ sales & more

Aurora Cannabis loses two of its most important executives at a crucial time as the company continues to struggle,?Curaleaf secures $275 million in debt from a group of lenders,?Illinois recreational marijuana retailers get ready for large customer turnout and high demand for New Year’s Day launch –?and more of the week’s top MJ business news. […]

Read More

Threats to adult-use California marijuana sales dire

Business threats against legal cannabis stores California are so severe that it may be necessary for voters to address some of the issues at the ballot box, according to the annual draft report of the Cannabis Advisory Committee, which was obtained by the Los Angeles Times. State officials may need consider “revisiting the ballot initiative,” […]

Read More