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The Joint Blog | December 6, 2017 The Los Angeles City Council has approved legislation establishing a regulatory framework for marijuana outlets, which become legal in California next month.
LA City Council Votes Unanimously to Make City the Largest in the U.S. with Legal Marijuana Stores
The council voted 12 to 0 to approve the regulations, which will soon see the city distributing licenses for marijuana stores. Residential neighborhoods will be mostly off limits under the new rules, with buffer zones created to ensure that cannabis outlets arent located too close to parks, schools or libraries. Its unclear if the regulations will be in place in time for outlets to begin cannabis sales next month.
As lawmakers we have a responsibility to reasonably regulate this industry in a manner that is safe, inclusive, and practical, said Los Angeles City Council Pres....
Alcohol Sales Fall Following Cannabis Legalization
Sales of alcoholic beverages decline following the enactment of medical marijuana access laws, according to a working paper authored by a team of researchers from the University of Connecticut and Georgia State University.
Authors evaluated the relationship between medical marijuana laws and retail alcohol sales for more than 2,000 US counties for the years 2006 to 2015. Alcohol sales trends in medical cannabis states were compared to sales trends in states where cannabis remained illegal. Researchers determined that counties located in medical cannabis states, on average,....
| December 1, 2017 Were now just a month away from marijuana distribution becoming legal in California.
Marijuana Sales Becomes Legal in California Next Month
During the November, 2016 elections California voters approved an initiative Proposition 64 to legalize marijuana for everyone 21 and older,. The portion of the initiative that allows for the start of marijuana distribution officially takes effect the beginning of next month, on January 1st. Under the new law, those 21 and older will be allowed to purchase up to an ounce of marijuana from a license marijuana retail outlet. However, at this point its unknown how many outlets will actually be open coming the new year.
I know this sounds crazy, but were looking forward to Jan.....
What business owners need to know about Californias new marijuana regulations
The latest version of the California state marijuana market regulations were released earlier this month, and theres a sea of particulars for cannabis entrepreneurs to wade through.
The California market already the biggest on Earth will officially launch on New Years Day, meaning that companies wanting to participate have a good bit of work in front of them to ensure their operations run smoothly.
To get the most important highlights for companies looking to obtain recreational or medical licenses, Marijuana Business Daily spoke with four California experts who have be....
State Sen. Scott Wiener, who has adopted the cannabis industry as one of his major concerns, is taking aim at new state regulations for recreational marijuana that will allow for big growing operations in California.
By not limiting the amount of land that can be cultivated by any one operation, we are basically inviting mega industrial-scale operations into the state, the San Francisco Democrat said. It will squeeze out the small farmers that have been at the forefront of the industry for many, many years.
Wieners anger is directed at rules issued last week by three age....
New US recreational marijuana markets one year later part 1
The recreational marijuana industry had a big year in 2016, when voters in four states California, Maine, Massachusetts and Nevada approved sales of adult-use cannabis.
But one year later, what the voters approved and the reality of whats happening look vastly different.
As has happened throughout the industrys development, each state has written its own rules and regulations to begin rec sales.
Some states, such as Nevada, have given preference to existing medical marijuana businesses to kick off early sales.
Others, like Maine, have failed to pass an implementation ....
New U.S. medical marijuana markets one year later part 2
If it was a big year for recreational marijuana in 2016, then the past 12 months have been huge for medical marijuana.
Voters or state legislatures in 11 states Arkansas, California, Florida, Hawaii, Louisiana, Maryland, Montana, North Dakota, Ohio, Pennsylvania and West Virginia approved or advanced medical cannabis measures.
And just as they are in the rec states, MMJ initiatives are moving forward at varying speeds and with mixed measures of success.
Some medical marijuana states, such as Pennsylvania, are progressing swimmingly and could even begin sales ahead of t....
Countdown to California recreational cannabis: Where, when, how it will work
Michael R. Blood
California has published the rules that will govern its legal marijuana economy in 2018, giving businesses and consumers a glimpse into the future.
But there are important steps before legal recreational sales kick off on Jan. 1, and even more uncertainties about how the marketplace will function. Warning: Dont count on being able to stroll into your local dispensary on New Years Day to celebrate with a pot cookie or joint.
Why are the regulations important?
They form the framework of the new pot economy, estimated to be worth $7 billion. Can you make animal-shaped edible....
Legalization Alone is Not Enough, How We Create A New Market Matters
In March of this year, Oakland City Council implemented the Equity Permit Program for aspiring marijuana entrepreneurs in the new green economy. This program is designed to address the past disparities in the cannabis industry by giving priority to the victims of the war on drugs and minimizing barriers to entry into the industry; ultimately trying to level the playing field within the medical cannabis arena. The Oakland City Council found that the Black community has been dramatically overrepresented in cannabis-related arrests in the past 20 years, accounting for 90 perce....
The Joint Blog | November 6, 2017 California Insurance Commissioner Dave Jones has announced that for the first time legal marijuana businesses in the state now have an insurance company willing to offer them commercial insurance.
California Company Becomes First to Offer Commercial Insurance to Marijuana Businesses
According to Jones, legal marijuana businesses are now able to purchase commercial insurance from Golden Bear Insurance Company, the first company willing to offer such services to the marijuana industry. The insurer was given approval last week to began providing commercial insurance to marijuana businesses that are explicitly following state law.
Consumers who visit cannabis businesses, workers who work there, businesses who sell products to or rent property to cannabis businesses, and the investors, owners and operators of cannabis businesses all should have insurance co....
High taxes could drive up marijuana prices and bolster the black market in California, analysis says
Zach Taylor trims marijuana buds at SPARC in Glen Ellen, Calif. on Oct. 18. (image:Mason Trinca for The Washington Post)
High taxes on legal marijuana in California could have the potential to turn many consumers away from the states cannabis shops and toward the black market, according to a report from Fitch Ratings.
The credit rating agency estimates state and local taxes on marijuana, which will become legal in California on Jan. 1., could be as high as 45 percent in some cases. It would trail only Washington state, which levies a 50 percent tax on marijuana.
The existing black market for cannabis may prove a formidable competitor to legal markets if new taxes lead to higher prices than ....
Confusion Coming With California`s Legal Marijuana
Ready or not, California kicks off recreational marijuana sales on Jan. 1. And, mostly, it`s not.
Los Angeles and San Francisco are among many cities still struggling to fashion local rules for pot shops and growers. Without the regulations, there could be limited options in many places for consumers eager to ring in the new year with a legal pot purchase.
``The bulk of folks probably are not going to be ready Jan. 1,`` conceded Cara Martinson of the California State Association of Counties.
In general, California will treat cannabis like alcohol, allowing people 21 and ....
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