Class Action Lawsuit Filed Against Xzibit-Owned Vape Cartridge Company in California

A class action lawsuit against vape cartridge manufacturer Brass Knuckles has been filed in California which alleges breach of warranty, false advertising, unfair competition, misbranding, and adulteration of the THC concentrate pens, according to the Cannabis Law Report. The lawsuit also names SC Laboratories Inc. and company owner Alvin Nathaniel Jones, better known as Xzibit, […]

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Creating Pro-Forma Financial Statements for Your Cannabis Business

Part of being an entrepreneur is having to wear many hats. As a business owner, you’re also the head of HR, chief marketing officer, and – for better or worse – the head accountant. Many business owners find accounting and preparing financial statements one of the most difficult and confusing parts of running a company. And, […]

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California Bureau of Cannabis Control Proposes Extension of Emergency Cannabis Regulations

The California Bureau of Cannabis Control has proposed the state readopt and extend the current, emergency cannabis industry regulations. Previous regulations called for the merging of the medical cannabis industry (MCRSA) and adult-use industry (AUMA) into what’s now known as MAUCRSA, governed by the Bureau of Cannabis Control. As part of the current regulations, applicants have […]

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Doug Esposito: Business Insurance for the Cannabis Industry

Doug Esposito is the Cannabis Practice Leader for Owen-Dunn Insurance Services, a Sacramento-based shared partners brokerage. In the following interview, Doug joins our podcast host TG Branfalt to talk about insurance options for the cannabis industry as it continues to take root and grow into the mainstream. We hear from Doug what typical cannabis industry […]

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California Raises $60.9M from Cannabis Taxes; Lower than Projected

California has raised $60.9 million in cannabis sales through the first quarter of 2018, after recreational cannabis sales began on Jan 1. The state levies a 15 percent excise tax on recreational purchases along with state and local sales taxes. Medical cannabis sales are exempt from the taxes. “California’s excise tax on cannabis generated $32 […]

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Report: California Cannabis Industry Spending Record Amounts on Political Campaigns

During the 2015-2016 campaign cycle, cannabis companies, advocates, and entrepreneurs donated at least $1.8 million to California political campaigns in an effort to pass Prop. 64 and legalize cannabis for adults. From Jan. 1, 2017 through Apr. 26, 2018 the industry has donated more than $600,000 to California campaigns, the Los Angeles Daily News reports. […]

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Scotts Miracle-Gro CEO Says California’s ‘Botched Legalization’ Forcing Company to Cut Staff, Restructure

Scotts Miracle-Gro CEO Jim Hagedorn said that the company is going to have to cut staff and restructure the company as sales took a hit from the “completely botched legalization” of cannabis in California, according to a Columbus Business First report. The company expects to save $15 million consolidating operations and $20 million from cutting […]

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Kushy Punch and “The Nightmare” Make Boxing History: First Canna-Business to Sponsor Title Contender

Carson, Calif. (April 30, 2018) — Kushy Punch, a premium cannabis brand, proudly announces its partnership with VANES “THE NIGHTMARE ” MARTIROSYAN (36-3-1, 21 KOs), in his upcoming title boxing match against undefeated World Middleweight Champion GENNADY “GGG” GOLOVKIN (37-0-1, 33 KOs). On May 5, Golovkin vs. Martirosyan will be televised live on HBO World Championship Boxing […]

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California Bill Would Create Limited-Service Canna-Banks

A bill proposed in California would create limited-service banks and credit unions to serve the state’s cannabis industry, according to a CNBC report. The measure, approved unanimously by the Senate Bank and Financial Institutions Committee, would allow canna-businesses to write special checks to pay some of their business expenses. What would the program look like? […]

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California Insurance Commissioner Asks Insurers to Serve Canna-Businesses

California Insurance Commissioner Dave Jones sent a letter last week to the state’s insurers urging them to offer insurance products for the legal cannabis industry. In the letter, Jones indicated that he would “not object to proposed rates for the industry that have a rational basis.” “The mission of the California Department of Insurance is […]

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Canada’s CannaRoyalty Continues California Push, Reaches Agreement to Acquire FloraCal

Canadian cannabis product and brands company CannaRoyalty is continuing its expansion into California, announcing that it has entered an agreement to acquire 100 percent of Sonoma County’s FloraCal Farms for $1 million in cash and 3,508,772 CannaRoyalty shares on close of the deal, with an additional $3 million in cash and the same number of […]

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Steep Hill’s Cultivation Science Program Helps Growers Prep for California Regulations

Steep Hill is consistently lauded as a top-tier cannabis testing lab — recently, however, the company launched a state-of-the-art Cultivation Science Program to help producers and processors reach and maintain regulatory compliance in the evolving cannabis landscape. Through this program, Steep Hill goes above and beyond the normal duties of a cannabis lab, establishing truly […]

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Review: Sunnabis Full-Sun Cannabis Products

Many cannabis companies are excited to make the transition from the medical market to the full-blown adult use market but few of them are in as good of a position to do so as Sunnabis. Founder Wendy Kornberg is rightly focused on product quality and assembling a great team and her efforts have been heavily […]

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Citibank Asks California Dispensary to Stop Using ‘Citidank’ Name

Citibank has asked a California dispensary that has riffed off the bank’s name to stop using the moniker Citidank – although it’s unclear whether any sort of official cease and desist has been filed. In a back page ad in Coachella Valley Weekly, the Cathedral City-based shop said they cater to “all your danking needs.” “Unless […]

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West Hollywood, California Approves Cannabis Social-Use Plan

West Hollywood, California plans to license 16 cannabis consumption lounges where patrons can smoke, vape, or eat infused foods and beverages. In total, the city plans to issue 40 total canna-businesses licenses. Two types of consumption lounge licenses will be available: One will allow smoking, vaping, and consumption on-site; the other will allow only edible […]

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California Issues 1,000+ Cease-and-Desist Letters to Unlicensed Cannabis Operators

California’s Bureau of Cannabis Control has issued more than 1,000 cease-and-desist letters to unlicensed cannabis operators since the recreational use law took effect on Jan. 1, according to a KCET report. It’s the first step in shutting down illegal operators. According to the report, regulators are using online advertising platforms to find the illegal shops. […]

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Berkeley, California Lowers Tax Rate on Cannabis Sales

The city of Berkeley, California has dropped its sales tax on cannabis products from 10 percent to 5 percent in an effort to better compete with the illicit market, CBS SF reports. Despite the local tax drop, consumers are still paying 30 percent in taxes at the counter; sales taxes in the state can reach […]

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Canada’s CannaRoyalty Acquires Third California Cannabis Company

Canadian cannabis business operator and investment firm CannaRoyalty Corp. has acquired California’s River Distribution and its affiliates which hold both medical and recreational distribution licenses in the state. The stock deal is worth 5 million CannaRoyalty common shares, another 1,650,000 shares subject to operation milestones, and 2 million shares subject to other financial milestones. In […]

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American Green Transfers Ownership of Town Purchased for Cannabis Tourism

American Green, the cannabis-focused technology company that purchased the California town of Nipton with plans of turning it into a destination for cannabis tourism, has transferred its holdings in the town to Delta International Oil & Gas Inc. in a $7.73 million deal. The company had originally purchased the town for $5 million. The deal […]

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California Cannabis Farmer Gets $1M Payout for Thomas Fire Crop Damage

A cannabis cultivator in Carpinteria, California has won a $1 million insurance payout after ashes from the Thomas Fire destroyed thousands of his plants, the Santa Barbara Independent reports. However, because of the payout total, the carrier has decided it would no longer cover cannabis farmers. The farmers paid $30,000 in premiums with a $25,000 […]

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Ricky Williams Launches ‘Real Wellness’ Cannabis Line in San Diego, California

Former National Football League running back Ricky Williams has unveiled his Real Wellness line – available today at five dispensaries in his hometown of San Diego, California. The line is organized into three categories: Solutions, which includes Head Ease and Serenity vape cartridges; Everyday, including Serenity Tonic and Ricky’s Choice vape cartridge; and Sport, which […]

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Study Finds 51% of Participants Replace or Reduce Painkiller Use with MMJ

According to a study by California-based Dr. Francis D’Ambrosio, 74 percent of his 4,276 patients were able to use cannabis to “replace or reduce intake of their medications.” The study purports that 51 percent of those medications reduced or replaced by cannabis were painkillers, followed by antidepressants (27 percent), and anxiolytics, which are used for […]

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Bi-partisan Bill to Temporarily Reduce Cannabis Taxes Introduced in California

Lawmakers in California have introduced legislation to temporarily reduce taxes on the state’s recreational cannabis industry in order to help the sector compete with the illicit market, according to a report from Reuters. The measure was introduced by Republican Tom Lackey and Rob Bonta, a Democrat, who said the bill is directed at “keeping customers […]

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Social Cannabis Use Lounge Opens in San Francisco

A cannabis smoking lounge has opened in San Francisco, California, the Associated Press reports, and the Barbary Coast lounge is the first of its kind in the state. Nicole Elliot, the city’s cannabis “czar” indicated that more shops will be licensed once city health officials finalize the regulations. Other California cities are also considering allowing […]

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