Marijuana business News

Nevada Pot Sales Hit Monthly Record in New Fiscal Year

Nevada kicked off the first month of the new fiscal year with its biggest monthly marijuana sales since the state legalized pot for recreational use on July 1, 2017. The Nevada Tax Department said this week the $7.9 million in …

Numerous California Marijuana Products Failing Safety Tests

Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards …

Internet Advertising by Unlicensed Marijuana Businesses Upset California Market

Online ads from unlicensed marijuana shops are creating turmoil in California’s emerging legal pot market. State regulators have warned the popular website Weedmaps to take down ads from illegal sellers or face possible penalties. But the company says it’s not …

Pot Landlord Sues Southern California City Over Marijuana Regulations

A woman who owns a business that claims to be California’s largest landlord of marijuana businesses sued the city of San Bernardino to overturn its pot regulation ordinance that could bar her from the industry. Stephanie Smith, the owner of …

First Surety Bond Program for California Cannabis Industry OK’d

California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to offer surety bonds for the cannabis …

California Marijuana Growers Lagging in Getting Licenses, New Report Shows

Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state’s known growers have been licensed, according to a report released by a pot industry group. The 38-page report from the California Growers Association …

Cheech of Cheech & Chong Heralds New Tool for California Pot Businesses

Comedian and legendary stoner Cheech Marin doesn’t want your pot business to go up in smoke. That’s why he’s in a new public service announcement publicizing a California Secretary of State website for budding marijuana entrepreneurs. California on Friday began …