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California Medical Cannabis Business & Marijuana Legal News

16 Feb L.A. police: Hundreds of illegal marijuana dispensaries still operational

Los Angeles has issued licenses to nearly 100 marijuana retailers, but police estimate there are at least double that number operating illegally in the city and undercutting cannabis businesses that are playing by the rules. Police have shut down eight...

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15 Feb Kush Bottles teams with Merida, snags $6 million investment

Kush Bottles, a California-based cannabis packaging company, has entered a partnership with a Maryland-based marijuana infrastructure fund that includes a $6 million investment. According to a news release, Merida Capital Partners’ equity investm...

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15 Feb A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital certainly thinks so. In January, the firm announced it entered into a nonbinding letter of intent to purchase 3% ...

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07 Feb Job growth in marijuana industry is skyrocketing

The total number of job postings for the U.S. cannabis industry increased by 445% in 2017, a study by job search website ZipRecruiter shows. The online job platform noted the spike is dramatically higher than the 18% increase in cannabis-related job po...

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05 Feb Oakland officials allege bribery attempt by cannabis lobbyist

A marijuana lobbyist in Oakland stands accused of attempting to bribe at least two city officials, and the case has been referred to the county district attorney’s office for further investigation. According to the East Bay Express, lobbyist Dori...

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02 Feb Week in Review: CA cannabis rollout hinders sales, Arizona mulls MMJ testing & Maine rules delayed

Scotts Miracle-Gro says California’s slow implementation of marijuana regulations is hurting sales, Arizona considers medical marijuana testing, and Maine’s governor delays MMJ regulations. Here’s a closer look at some notable developments ...

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31 Jan Willie Nelson’s marijuana company raises $12 million for expansion

Capital raises in the marijuana industry appear to be continuing unabated since the issuance of the Sessions Memo on Jan. 4. Country music star Willie Nelson’s cannabis company joined the marijuana funding fray Wednesday with the announcement of ...

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31 Jan California’s slow adoption of marijuana rules hampering Scotts Miracle-Gro sales

A slow start to implementing regulations for California’s recreational marijuana program has impeded sales of Scotts Miracle-Gro’s hydroponics division this year. Several factors have contributed to the Golden State’s sluggish cannabi...

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31 Jan California treasurer lays out first steps toward state marijuana bank

Following up on a plan he announced last year, California state Treasurer John Chiang on Tuesday outlined the foundation for a public bank for cannabis businesses so they won’t have to operate on a cash-only basis. According to the San Francisco ...

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26 Jan U.S. cannabis firm MedMen to go public in Canada “to add jet fuel” to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Can...

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