Cannabis News Box

Why California has a problem with the black market even after legalization

Why California has a problem with the black market even after legalization

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 25, 2019

The illegal cannabis market in California is swelling with some serious momentum. News of a thriving black market in "the Golden State” might come as quite a surprise, considering the fact medical cannabis legalization expanded to the recreational level under a 2016 voter initiative known as the A...

$350 million worth of cannabis will be destroyed under California’s new cannabis rules

$350 million worth of cannabis will be destroyed under California’s new cannabis rules

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 7, 2018

This Sunday, new regulations are set to take effect in California that will result in cannabis products being demolished to the value of $350 million – an estimate from the United Cannabis Business Alliance. Under California’s new cannabis rules, anything that is not contained in child-proof packaging or l...

California’s cannabis tax revenue estimates have been reduced

California’s cannabis tax revenue estimates have been reduced

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 7, 2018

A recent press release from the California Department of Tax and Fee Administration shows a disappointing first quarter for the state's cannabis industry. Tax revenue reached just $60.9 million in the first quarter of 2018, inclusive of cultivation tax revenue and excise tax revenue. Legal cannabis i...

California’s social use market is facing a cannabis shortage

California’s social use market is facing a cannabis shortage

February 1, 2018

Thor Benson / Cannabis News Box Contributor California recently became the nation’s largest legal cannabis market, and it’s already facing a major problem: Supply. According to the Associated Press, California’s cannabis shops could soon have some trouble getting enough cannabis, because not ...

Northern California cannabis farms are ineligible for insurance

Northern California cannabis farms are ineligible for insurance

Sara Tiradossi

October 24, 2017

As Northern California cannabis farms are recovering from the damages caused by wildfires, they have to face another burden: a rampant lack of insurance. “We’ve lost millions of dollars of product for sure,” Ned Fussell, CEO of CannaCraft, said. California will begin issuing licenses for...

Crowdfunding site cancels aid to California wildfire victims due to cannabis ties

Crowdfunding site cancels aid to California wildfire victims due to cannabis ties

Sara Tiradossi

October 18, 2017

As this week’s northern California fires threatened cannabis crops and destroyed homes, businesses, and structures, the California Growers Association tried to set up a support system for cannabis cultivators. The association used crowdfunding to collect donations to help the farmers recover from...

Fires threaten northern California cannabis crops at harvest time

Fires threaten northern California cannabis crops at harvest time

Sara Tiradossi

October 11, 2017

This week’s fires in northern California have threatened cannabis crops and destroyed around 1,500 structures, including homes and businesses. Counties within northern California’s Emerald Triangle of cannabis cultivation have been affected by the fires. At least seven cannabis farms were destroyed,...

Only small percentage of cannabis grows can meet CA’s new, rigorous product testing standards

Only small percentage of cannabis grows can meet CA’s new, rigorous product testing standards

Logan Lowrey-Rasmussen

September 26, 2017

According to the California Growers Association, only an estimated 10 to 15 percent of the state’s cannabis growers will meet the new testing standards. The passage of social cannabis under Proposition 64 in California directed the state to establish a certified organic designation and organic certifi...

Could a state-run bank for the cannabis industry be in California’s future?

Could a state-run bank for the cannabis industry be in California’s future?

Logan Lowrey-Rasmussen

August 16, 2017

California government, financial and cannabis leaders met last week in a debate on whether a state-run bank could solve the cannabis industry’s banking problem. The 17-member group included representatives from state agencies such as the Bureau of Cannabis Control, financial groups such as the Califor...

California Growers Association