Articles Tagged with Riverside marijuana lawyer

As we have discussed in various other posts on this blog, California has been taking major steps to regulate the medical marijuana, and now recreational cannabis industry, at a state level.  Since medical marijuana was first legalized back in 1996, there was little regulation at the state level.  All of the major regulation was left to local governments in the various counties, towns, municipal districts, and cities across our state.

marijuana attorney Riverside This meant that, in some cities, there would be no medical marijuana allowed and in others there would be.  It also means that there were varying levels of regulations with respect to cultivation distribution, and sale or delivery. Continue reading

There is more cannabis sold in California that any other state. This is true even when comparing California’s medical marijuana industry with Colorado’s recreational marijuana industry.  While voters in California did legalize recreational use marijuana through the passage of Proposition 64 in November 2016, it will not be legal to sell to recreational users until January 2018.

Riverside Marijuana LawyerThis means that for the time being, medical marijuana dispensaries are the only legal way to buy marijuana in the state.  However, as discussed in a recent news article from The Daily Chronic, medical marijuana shops will largely become recreational marijuana shops, and this is why there are many more dispensaries opening up throughout the state in anticipation of the increasing market for cannabis products. This includes flowers, high-end concentrates like shatter and wax, edibles and tinctures, and even skin creams and bath beads. Continue reading

Although a handful of states have given the green light for legal marijuana for recreational use, none so far have granted explicit permission to allow the drug to be used in public.

That may soon change in Denver. restaurant

Back in November, Denver became the first city in the country to allow people to use marijuana at certain restaurants and other venues that want to allow it. That was Proposition 300, and it was approved at the same time eight other states – including California – passed laws to legalize marijuana for either recreational or medicinal purposes. The city measure allows bars and restaurants to apply to allow marijuana to be used by their patrons – so long as the drug isn’t smoked, although there could be some cases in which outside smoking areas could be designated.

Now, the city is working on implementing that provision, and it appears it will extend to places like yoga studios, art galleries and coffee shops. The law doesn’t offer up any guidelines for how marijuana can be consumed other than it can’t be smoked indoors and patrons have to be at least 21-years-old. Additionally, the state’s liquor control board has forbidden any company that has a liquor license from allowing patrons to use marijuana. That means bars would be excluded, as would restaurants that serve alcohol. WYFF4 reported a group of stakeholders – marijuana business owners, city regulators and opponents of legalized marijuana – are all meeting to begin hammering out suggestions of what this new law is going to look like.  Continue reading

The contrast between the stock of marijuana in the U.S. and Canada couldn’t be more stark. graph

CNN Money reported that a real estate investment trust that plans to buy buildings to lease to medical marijuana growers went public on Wall Street – and the response was less-than-encouraging. On the NYSE, the Innovative Industrial Properties stock shares were priced at $20, inched upward to $20.52, and then finished the day by 4 percent less than where they started. Granted, this is just one of a few companies related to the marijuana trade that is traded on any major exchange. So in some sense, the fact that it’s being traded at all is something of an accomplishment. Another company out Britain, GW Pharmaceuticals, is listed on Nasdaq, and its stock is actually up more than 55 percent this year. However in the U.S., this has proven more the exception than the rule.

Meanwhile, Bloomberg Markets reports that a company called ICC International Cannabis Corp. debuted its first day on the Canadian stock market and closed 356 percent higher than where it started. The CEO of ICC, a company out of Uruguay, has called the Canadian market “perfect” for marijuana companies. The entire country is slated to legalize the use of recreational marijuana next year. If that event occurs on the timeline expected, there will be an estimated 4 million legal recreational users in Canada by 2021. That means there will be a potential for $4.5 billion in annual sales. Plus, it doesn’t hurt that legality at the federal level makes it a much more attractive option to investors.  Continue reading

As law enforcement is battling a number of illicit and sizable marijuana cultivation efforts throughout Riverside County (rumors are its driven by Mexican drug cartels), leaders in some cities are working to take the power out of dealers’ hands by crafting a framework of regulation for lawful distribution. cannabis1

This is a notable shift from what we saw a few years ago, when hundreds of cities across the state scrambled to ban medical marijuana dispensaries amid a furious crackdown by federal authorities. Of course, the drug remains illegal under federal law, but U.S. attorneys have eased their stance on the issue, prompting cities to craft their own measures to replace the ban or allow ballot initiatives that gives voters the chance to decide.

One of the most recent among these is Perris, where the council decided June 14th to approve a package of resolutions that will give voters a choice of not one but two medical marijuana dispensary November ballot initiatives to weigh. Continue reading