CA’s Legal Weed Market Is Worth $5 billion — There’s a Catch

California already accounts for roughly a quarter of all legal cannabis sales in the Unite States and is poised to be an economic powerhouse in a decriminalized national industry — if it can introduce regulation without empowering a new illicit market.

By sheer numbers, California is easily the nation’s largest market for legal marijuana — which means the state is the biggest bonanza for cannabis sales on the planet.

Once legal commercial sales of recreational cannabis begin sometime next year, California will play host to a $5 billion legal marijuana market, according to a recently released state-sponsored study from UC Davis.

Read more at Cannabis Now

THE PROUD PAPA

If a business is created with the honest purpose of healing others, success often follows. Those who seek wellness intuitively sense the purity and reliability of Papa & Barkley’s fine selection of medicinal products.

The company produces soothing and pain-relieving products made from pure cannabinoids and cannabis terpenes, including topicals, massage oils, balms and Releaf™ Soak bath salts. Their highly popular patches are particularly impressive, providing incremental amounts of cannabinoids to the wearer during a 12-hour period.

The meaning behind the company can be found in the name. “Papa” explains a lot. While caring for his father, who was suffering from a debilitating disease, Papa & Barkley CEO Adam Grossman created a homemade, THC-based pain balm. After witnessing its powerful healing effects, Grossman was driven to create a retail product. Then he met Guy Rocourt, Papa & Barkley’s Chief Product Officer, and the rest is history. They tirelessly worked together to create their Releaf™ line of products.

Read more at Dope Magazine

Legal Pot to Boost California Economy by $5 Billion

California is preparing to launch a fully legal cannabis trade that stands to boost the state’s economy to the tune of $5 billion, according to a report from the Los Angeles Times.

The piece, which is based on a new study from the University of California Agricultural Issues Center, says that, while the state’s newest version of a cannabis industry will undoubtedly generate impressive revenues, it will likely take some time before the entire scope of the cannabis community gets onboard with a fully legal system.

The study shows that around 30 percent of the state’s pot buyers will still frequent the black market in order to avoid paying taxes and other aspects of the legal trade.

Read more at High Times

FLOWER POWER: Spreading Peace, Love, and Flowers

 

Your Neighborhood Market

Located just two blocks from the Montgomery BART Station in downtown San Francisco, Flower Power has staked its claim as the neighborhood go-to spot in the Financial District. You’re welcomed into a tall, open main room, flanked with a wall of mirrors and an array of brightly lit, easily navigable displays. Their early hours cater to the commuter crowd—before the workday, during lunch and the after-work rush. If you don’t need a consultation you can always place an online order for pick up in-store via their POS system, powered by Meadow SF.

Read more at Dope Magazine

CANNABIS COUNTRY OUT WEST: The History and Growth of Humboldt County, California

Humboldt County, California is a wild place. Towering redwoods, acres of undeveloped land, running streams and a rocky coastline hold its borders in a fierce, natural glory. It’s no shock that Humboldt attracts those with a pioneering spirit. Generation after generation have come to this Northern California frontier to seek fortune and freedom. The lure of gold and timber came first, but for the last four decades, another gift of nature has sustained this wild community—cannabis.

Brought North in the 1970s by hippies and back-to-the-landers, cannabis took to the hot days, cool nights and luscious humidity of Humboldt County. It grew—pardon the pun—like a weed. The majority of the cannabis crop was previously imported from abroad; mostly Mexico. The potential for pesticides in cannabis grown in Mexico gave way to an interest in Humboldt-grown flower, and the quality kept them smoking it. The main reason for Humboldt excellence, aside from an ideal climate, is that growers from Humboldt were quick to pick up on the fact that the female plant, sinsemilla, produces the best effects. It was revolutionary in the US, and has become the new standard for cannabis cultivation.

By 1979, 35 percent of cannabis consumed in California was homegrown, mostly in Humboldt County. By 2010, 79 percent of all cannabis in the United States was being supplied by California, and the majority of that cannabis was grown in Humboldt County. But it wasn’t just the ideal natural conditions that put Humboldt cannabis on the map—it was the unique history and spirit of the community.

Read more at Dope Magazine

Cali’s Dirty Cannabis Crisis: Popular Edibles Claimed to Be Tainted with Pesticides

About a month after California voters legalized recreational marijuana in November—creating for the state’s booming marijuana industry, already on pace to record roughly $1 billion in taxable sales that year, opportunity for stupendous growth in the near future—attorney Mark Morrison met someone he describes only as a cannabis industry “insider.” 

In the course of a “casual conversation,” Morrison says the insider shared a little secret: Most of the products sold in California’s more than 1,000 medical cannabis dispensaries are tainted with pesticides.

Medical marijuana has been legal for adults in California since 1996, and cannabis has been openly and widely available for sale in storefront retail outlets since at least the early 2000s.

Read more at High Times

Los Angeles Releases Draft Pot Business Regulations

BY MICHAEL R. BLOOD

ASSOCIATED PRESS

LOS ANGELES (AP) — Los Angeles moved Thursday to bring order to its emerging legal marijuana industry, proposing rules for how and where the fragrant buds will be grown and sold while driving out rogue operators.

Read more at High Times

San Diego Celebrates Hemp History Week

Many of the uses and benefits of hemp were on display at the International Cannabis University (ICU) in San Diego, California for a celebration of Hemp History Week. The event on June 4 also took advantage of the date (6/4) to celebrate recreational cannabis use, legalized with the passage of Prop. 64 (get it?!?) by California voters in 2016.

Dion Markgraaff, cannabis activist and organizer of the festivities, said the goal of the event was to educate the public on the sustainability and versatility of hemp.

“To me, the cannabis movement is an educational movement,” he said.

Read more at High Times

California Assembly Passes Cannabis ‘Sanctuary State’ Bill

Portending an unprecedented showdown with federal power, last week, California’s State Assembly approved a bill that would bar state and local law police from cooperating with the DEA and other federal agencies in cannabis enforcement efforts, unless compelled to do so by a court order.

“Prohibiting our state and local law enforcement agencies from expending resources to assist federal intrusion of California-compliant cannabis activity reinforces…the will of our state’s voters who overwhelmingly supported Proposition 64,” Assemblyman Reggie Jones-Sawyer, lead author of the bill, told the Los Angeles Times when it was still pending.

Assembly Bill 1578, sponsored by six Democratic legislators, passed by a razor-thin 41 out of 80 votes.

Read more at High Times

Lori Ajax Speaks to Female Industry Leaders

Female cannabis business owners gather to hear updates from the chief of the Bureau of Medical Cannabis Regulation.

Female leaders from the cannabis industry gathered in Oakland last month to hear Lori Ajax speak about the upcoming regulatory changes for California. Ajax, chief of the Bureau of Medical Cannabis Regulation, discussed the shifting regulatory landscape in California, what to expect from the ongoing process and where to go for updates and information. The event, called W Empower, was held at the Gateway Incubator, and hosted by HelloMD, Sava and Garden Society. During the event Ajax was joined by a panel of experts, Julie Mercer-Ingram from Beck Law, Tawnie Logan of Sonoma County Growers Alliance and Ellen Komp, deputy director of California NORML.

Ajax’s overall message was hopeful that regulators could come together with the cannabis community to create a functional regulatory system. However, she also acknowledged the unique complexities of regulating cannabis.

Read more at Cannabis Now