Topics :: marijuana legalization

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A Taxpayer-Backed Bank for Pot Money? Maybe in California

A Taxpayer-Backed Bank for Pot Money? Maybe in California

By Michael R. Blood | Feb 2
California officials announced Tuesday that they will take a detailed look at the possibility of creating a taxpayer-backed bank to handle what could be billions of dollars in revenue generated by the state's legal marijuana industry.

After California Pot Stockpiles Go Up in Smoke, What's Next?

After California Pot Stockpiles Go Up in Smoke, What's Next?

By Michael R. Blood | Jan 31
Some longtime growers are marooned in counties that don't allow pot or have imposed regulations so tight it's tantamount to prohibition. In some cases, investors are backing away.

Vermont Senate Legalizes Recreational Pot

Vermont Senate Legalizes Recreational Pot

Jan 12
The Vermont Senate on Wednesday gave final approval to a bill that would allow recreational use of marijuana, putting Vermont on course to become the first state to legalize pot by an act of the Legislature rather than through a citizen referendum.

High or Dry? California Legal Pot to Test Supply Pipeline

High or Dry? California Legal Pot to Test Supply Pipeline

By Michael R. Blood | Jan 9
California is ushering in a sprawling, untested system to move pot from place to place that will also serve as a collection point for taxes, a gateway for testing and a packaging center for the plant's fragrant buds.

Pot Industry Frets, Then Shrugs Off Sessions' New Policy

Pot Industry Frets, Then Shrugs Off Sessions' New Policy

By Paul Elias | Jan 8
For long-term pot purveyors accustomed to changing regulatory winds, the U.S. Justice Department's decision was just another bump in a long and winding road to proving their business legitimacy.

Marijuana Investors Skittish After Sessions' Shot at Pot

Marijuana Investors Skittish After Sessions' Shot at Pot

By Paul Elias | Jan 5
Marijuana-related stocks plummeted and defiant growers and sellers vowed to keep operating after U.S. Attorney General Jeff Sessions signaled a tougher approach to federal pot enforcement.

Get A Pencil: California Marijuana-Tracking System Not Used

Get A Pencil: California Marijuana-Tracking System Not Used

By Michael R. Blood | Jan 5
California's legal pot economy was supposed to operate under the umbrella of a vast computerized system to track marijuana from seed to storefronts. Instead, they are being asked to document sales and transfers of pot manually.

Mike Tyson Breaks Ground on California Marijuana Ranch

Mike Tyson Breaks Ground on California Marijuana Ranch

Jan 4
Former heavyweight champion Mike Tyson is becoming a California marijuana entrepreneur.

California Rolls Its Own Recreational Pot Sales Out for 2018

California Rolls Its Own Recreational Pot Sales Out for 2018

By Brian Melly and Kathleen Ronayne | Jan 2
First-day sales were brisk in shops lucky enough to score one of the roughly 100 state licenses issued so far, but would-be customers in some of the state's largest cities encountered reefer sadness.

Revenue Hit Predicted for California's Medical Pot Market

Revenue Hit Predicted for California's Medical Pot Market

By John Rogers | Jan 1
Revenue from the sale of medical marijuana is expected to drop from an estimated $2 billion in 2016 to about $1.4 billion next year, according to a study published this year by the University of California Agricultural Issues Center.

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