Week in Review: California Cannabis Tax Revenue Update | Weedmaps | And More…

Here’s a quick rundown of the top cannabis related news stories for this week. California has $317 million in cannabis revenue in 2018-19 This week, the non-partisan Legislative Analysts Office (LAO) reported that California collected an estimated $317 million in cannabis revenue in fiscal year 2018-19. The number exceeds the LAO's estimate in May that … Continue reading Week in Review: California Cannabis Tax Revenue Update | Weedmaps | And More…

What Is The Economic and Social Impact of the Federal Ban on Cannabis? Congressional Democrats Release Short Report Describing the Barriers and Opportunities

This week, the Democrat staff of the Congressional Joint Economic Committee issued a short report highlighting the economic benefits of the national cannabis economy. The report highlights what many in the industry and public already know - support for the legalization of adult-use is at an all-time high across the country. While over 30 states … Continue reading What Is The Economic and Social Impact of the Federal Ban on Cannabis? Congressional Democrats Release Short Report Describing the Barriers and Opportunities

How Has California’s Legal Cannabis Market Performed in the First Quarter of 2018?

On Tuesday, the Sacramento Bee reported that in the first few months of legalized adult-use, gross retail sales of cannabis is about 13% or $44 million lower than original state estimates. While this may seem disconcerting to some, there are several key caveats to the data. First, licensing agencies are currently in the process of … Continue reading How Has California’s Legal Cannabis Market Performed in the First Quarter of 2018?