Category: california

Former Heavyweight Champion Mike Tyson to Open Marijuana Farm and School in California

Earlier this week, it was announced that former heavyweight boxing champion Mike Tyson had broken ground on a 40-acre facility that will include a massive cannabis cultivation farm and a school that will teach growers the latest techniques and technological advancements when it comes to growing marijuana. Half of the 40 acres will be devoting to the actual growing of cannabis, while the rest will house the school and research facilities that will study the potential benefits of medical marijuana, as well as an edibles factory, extraction facility and a hydro-feed plant and supply store. Under the umbrella of...

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The New Year Brings Newly Legal Cannabis Sales to California

For many, 2018 was greeted with a New Year’s toke instead of a drink thanks to the newly legal status of cannabis in many states. For some in California, it also meant the first chance to purchase cannabis legally through a licensed retail dispensary. However, because many cities haven’t gotten their local regulations put in place, there are very few places with their doors open to recreational consumers. This includes two of major cities: Los Angeles and San Francisco, which are expected to see very high numbers of sales once they are up and running. On the other hand,...

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California Released Temporary Regulations for the Cannabis Industry

A little over a month ago, Alex Traverso, spokesman for the Bureau of Cannabis Control in California, announced that they would be issuing new regulations in November. Last Thursday, those regulations were released – but they will only be temporary, issued under an “emergency rulemaking process” because there was not enough time to hold the needed public hearings prior to the January 1st deadline. “There certainly will be licenses issued on Jan. 1,” said Alex Traverso of the Bureau of Cannabis Control. While they do expect to have some businesses licensed and ready to open on January 1st, it...

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Will Taxes be Too High on Legal Marijuana in California?

Getty According to a new report from the global credit ratings firm Fitch Ratings, taxes on legal adult-use marijuana in some parts of California could equal or even exceed 45 percent. “High tax rates raise prices in legal markets, reinforcing the price advantage of black markets,” the firm said in the report. “California’s black markets for cannabis were well established long before its voters legalized cannabis in November 2016 and are expected to dominate post-legalization production.” In other words, if taxes raise the price of legal cannabis too much, most people will stick with their illegal dealers. Licenses for...

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Can Marijuana Damaged by California Wildfires be Salvaged?

Image Courtesy of Jeff The 420 Chef Dozens of marijuana farms have been destroyed during the most recent spate of wildfires to rip through California, leaving many growers without product to sell to the adult use cannabis retail stores set to open in January. A lot of these growers used their life savings to grow their crop, a crop that they could not insure thanks to federal law, even though their farms are completely legal under state law. But there may be a way to salvage some of the damaged crop according to Jeff The 420 Chef, an author...

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Dozens of Marijuana Farms Burned in California Wildfires

Getty The most destructive wildfires in California’s history have been devastating the state since earlier this month, destroying hundreds of thousands of acres, thousands of structures and costing at least 42 people their lives. Few industries have been spared the devastation, and the legal marijuana industry was not one of them. According to Hezekiah Allen, executive director of the California Growers Association, at least 34 farms had been destroyed as of last Friday, a number he expects to go up as more data comes in. “Just the scale of this event is kind of numbing,” Allen said. To make...

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