Cannabis News Box

Los Angeles’ cannabis equity program has failed to meet its target

Los Angeles’ cannabis equity program has failed to meet its target

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 13, 2019

When California legalized recreational cannabis under the terms of Proposition 64 back in 2016, nobody would have anticipated that it would take so long for former cannabis convicts and financially restrained individuals to receive cannabis social equity licenses.  Acknowledged as the largest cannabis industr...

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...

Governor Jerry Brown