Business
June was Colorado’s biggest marijuana sales month ever. July was likely bigger.
June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million in worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records.
Monterey revisiting legalizing cannabis dispensaries
MONTEREY — Elected officials in Monterey will revisit the debate over joining most of the rest of the Peninsula in allowing cannabis dispensaries in the city. Citing sales-tax revenue being siphoned off to other cities, council members this week voted 4-1 to place it on a meeting agenda as soon as September. Councilman Alan Haffa, […]
Ticker: Pot grower fined, fishing gets relief
After imposing a cumulative $800,000 in fines last month, the Cannabis Control Commission slapped a $120,000 fine Thursday on a cultivator and manufacturer that sold vaporizer cartridges that exceeded allowed state limits for ethanol. The commission unanimously approved the fine and a four-month probation period for Revolutionary Clinics, which grows marijuana and manufactures marijuana products […]
Grandmother sues after she was arrested at Disney with CBD oil in her purse
By Gregory Lemos | CNN Attorney Ben Crump has filed a civil lawsuit against several entities including, The Walt Disney Co. and the Orange County Sheriff, on behalf of Hester Burkhalter, a 69-year-old White woman from Hickory, North Carolina, and her family. Crump said she “was wrongfully arrested and taken into custody at Walt Disney […]
New cannabis coworking space in Santa Ana aims to boost industry access, diversity
Anyone with experience in the legal cannabis industry will tell you that, given the steep regulatory costs, it typically takes north of $1 million to open a marijuana business in California. And with cannabis still illegal under federal law, it’s also notoriously hard for industry entrepreneurs — and particularly entrepreneurs of color — to borrow […]
Clint Eastwood sues CBD sellers over use of his name, image
By ANDREW DALTON | The Associated Press LOS ANGELES — Clint Eastwood sued several companies that sell CBD supplements on Wednesday, alleging that they are falsely using his name and image to push products he would never agree to endorse. Two lawsuits filed in federal court in Los Angeles include allegations that companies have spread […]
Richmond marijuana company owner doused in Pine Sol and sugar as coup de grâce to home invasion robbery
In the early morning of April 4, the owner of a Richmond marijuana concentrate company walked into his Concord home after spending the night in San Francisco, he almost instantly felt the muzzle of a gun press against the back of his head. “Get on the ground,” an armed robber told him. He did as […]
Colorado cannabis sales hit new all-time high in May at more than $192 million
Cannabis sales in Colorado set a new monthly record in May, hitting their highest level since recreational sales began in 2014.
Businessman sentenced to prison for involvement in black market marijuana organization
A California businessman described as the mastermind behind an illegal marijuana trafficking organization was sentenced to 12 years in prison for conning people out of money and shipping drugs out of state.
Ticker: CCC says don’t change pot tax; Google selects Mississippi site; Mortgage rates hit another low
Changing the way Massachusetts taxes legal marijuana could produce more revenue for the state, but it could also disrupt the fledgling cannabis industry, a report found. In a report by the Cannabis Control Commission, regulators and state revenue experts considered taxing pot based on its weight or potency, rather than the current price-based tax. Although […]