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

Although the illegal pot market infiltrates the vast majority of the U.S., California’s black market is by far the biggest
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...

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

As much as 8,000 pounds of cannabis will be obliterated in Sacramento, with even more expected to be destroyed in Los Angeles
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...

http://thehybridcreative.com/california-sales-tax-filing-for-cannabis-products/

California’s cannabis tax revenue estimates have been reduced

Officials have since acknowledged a disappointing start for the licensing of new cannabis businesses in the state.
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...

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,...

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...

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...

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...

Only small percentage of cannabis grows can meet CAs 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...

Could a state-run bank for the cannabis industry be in Californias 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...

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