Many Californian cannabis companies are in need of quick cash to sustain or grow their businesses, and as funding in traditional realms is drying up, real estate deals are fast becoming solid options. Selling cultivation land, storage or processing facilities, even retail storefronts, to marijuana-focused real estate investment trusts (REITs)…
The California-based cannabis list site, Weedmaps, has held true to its promise to drop unlicensed cannabis advertising listings from its platform by January 1, but the work is ongoing. Industry insiders say the very nature of Weedmaps – a self-published platform that fails to vet ads prior to posting them…
Californian payment provider, Linx Card, has fielded a spate of lawsuits from cannabis businesses in recent months, who claim the primary provider of debit merchant services to marijuana retail stores, owes them millions. Linx offers customers a platform where they can purchase Linx gift cards, or pre-paid debit cards, that…
Monthly lab-testing numbers for California’s legal cannabis products show signs of bouncing back, after lulls midyear. Even in late November, indicators pointed to a cultivating season that will continue well into the year’s end. News of this rise in legal cannabis product quantities moving through the state’s supply chain has…
Californian marijuana industry members are in distress, and an urgent cry for help has been made to state leaders. Legal cannabis companies in California say they are simply unable to keep pace with illicit marijuana business operators who don’t pay licensing fees, skip state taxes and fail to meet state…
Los Angeles is a bustling city with more than four million people and a large market for cannabis sales. Only the illicit market is much bigger than the legitimate one – with 189 licensed marijuana stores compared to literally hundreds of bootleg stores. The illegal outfits are able to freely…
Following a slew of vaping related lung disease cases, a Los Angeles City Council member calls for a year-long ban on all vaping sales. The proposed ban has many in the industry rushing to cut the motion off before it becomes law. The major concern is that such a ban…
A lawsuit filed against owners of Santa Ana’s 420 Central – a high profile cannabis store in Southern California – accuses CEO Robert Taft, and executives Jorge Burtin and Jeff Holocomb, of defrauding investors. Among the laundry list of claims made, the complaint alleges: Breach of Contract; Fraud; Breach of…
In January, the state of California kicked off an online rollout of its marijuana inventory tracking system. At a glance, marijuana businesses across the Golden State appear to be successfully reporting product inventory each day, via the California Cannabis Track-and-Trace (CCTT) system. But not without some growing pains. To start,…
As the black market for pot sales shows little sign of slowing, Californian authorities have notably increased enforcement action against illegal cannabis traders. Over the last 12 months, raids by law enforcement on black market pot businesses have increased threefold, when compared with similar activity conducted in the year prior.…