California

Wed
16
Nov

California: Santa Cruz Bans Growing Recreational Marijuana Temporarily

The Santa Cruz County Board of Supervisors unanimously passed a temporary ban on growing recreational marijuana commercially Tuesday afternoon in response to Prop 64.

Supervisors approved an emergency 45-day moratorium that makes growing marijuana commercially to be sold for recreational uses, as well as growing outdoors, illegal.

Medical marijuana, and growing weed indoors for personal recreational use, are still legal.

California voters passed Prop 64 last week. 

The purpose of Santa Cruz's emergency moratorium is to give county supervisors time to study, develop, and create regulations over farming and selling. 

San Jose already passed a similar moratorium.

Tue
15
Nov

How the 2016 Election Killed the California Marijuana Business Model

While most people are busy talking about the potential doom from a Trump presidency, there is a much more real change undergoing. For the first time in American history, we have seen the country take steps towards acceptance of marijuana (for better or worse). California made history with the passing of its marijuana legalization bill, which presents a more interesting look at the substance than most understand.

Tue
15
Nov

4 States Legalized Recreational Weed This Week — Here's How They'll Spend the Extra Tax Money

Over 63 million Americans now live in states where it's legal to consume recreational weed.

Americans said "yes we cannabis" on Election Day, when voters in California, Maine, Massachusetts, and Nevada passed ballot initiatives fully legalizing the use and possession of marijuana without a doctor's recommendation.

Mon
14
Nov
Mon
14
Nov

Marijuana Investor Peter Thiel Said to Join Trump’s Presidential Transition Team

Venture capitalist Peter Thiel will join President-Elect Donald Trump’s transition team, a move that solidifies the Facebook Inc. board member’s power and could help Silicon Valley have a say in the next administration. Since Thiel was the first institutional investor to put money into the nascent cannabis industry, this could be a positive sign, and an indication that Trump's government is open to business opportunities in the marijuana sector.

Fri
11
Nov

Marijuana In Wine Country? Not So Fast. Six Questions To Consider, With Answers TBD.

Let’s recap the numbers from yesterday’s post, the first in this series about marijuana in wine country and the impact of California’s approval of Proposition 64:

According to 2015 crop reports, the yield per acre in Sonoma County for wine grapes is approximately $8,500 per acre, and the yield per acre for vegetables is $24,000. The estimated yield for cannabis per acre is $8,200,000, or two orders of magnitude greater than wine grapes.

They’re the kind of numbers — and potential for profit — that could tempt all manner of businesses to rush in.

Fri
11
Nov

Canadian Marijuana Stocks Soar Following California Legalization

Already setting new record highs for months, shares of Canadian marijuana stocks have reached lofty new territories after California voted to legalize marijuana.

On Tuesday, while many were mulling the shocking surge to the White House by Donald Trump, the state of California passed Proposition 64, which will allow residents 21 years and older to buy and possess up to one ounce of cannabis for recreational purposes and to grow up to six marijuana plants for personal use. The new measure will create an environment for state-licensed businesses to set up retail marijuana sales. With a proposed 15 per cent sales tax, the state is expected to take in an added $1 billion in tax revenue from legalization.

Fri
11
Nov

Here's When You Can Start Legally Buying Weed in States That Just Legalized It

One in five Americans can now use marijuana legally.

Seven states legalized marijuana in some form on Election Day. California, Maine, Massachusetts, and Nevada showed up to support recreational marijuana, while Arkansas, Florida, and North Dakota passed ballot initiatives legalizing medical marijuana.

Thu
10
Nov

Cannabis Deals and Information Site Leafbuyer Plans Major Expansion Following Landslide Election Results

Leafbuyer.com will immediately begin working with partners in each state and will deploy a huge marketing nationwide. Additional markets will allow Leafbuyer to scale its operations and offer a larger selection of cannabis deals to more consumers.

“We are excited to expand our platform to new and growing markets across the country. We are now beyond the tipping point. Our success in Colorado can be attributed to a customer-centric focus and intense grass roots marketing,” said Cayla Shortley, Director of Sales.

Thu
10
Nov

Here's how a Silicon Valley billionaire helped get marijuana fully legalized in California

Californians overwhelmingly said yes to recreational marijuana on Election Day.

Those in favor of the decision owe a big thanks to billionaire Silicon Valley fixture Sean Parker.

The former Facebook president and founder of Napster contributed $8.5 million to the effort to legalize recreational marijuana in California.

Parker has been radio silent regarding Proposition 64, though his dollars said otherwise.

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