US Attorney General Jeff Sessions once said, “Good people don’t smoke marijuana.” His anti-cannabis crackdown is in full swing, and its beginning to make an impact. But here’s the thing: the US Department of Justice is upholding the legalization rules that were established across nine cannabis-friendly states. Jeff Sessions’ crusade, contrary to his wishes, is a boon to legal weed entrepreneurs who, thanks to Sessions, face lighter competition from the illegal side of the market.
A game changer by the inconspicuous name of Senate Bill 930 just passed in California. It’s a bill that proposes to establish a state charter bank for the legal cannabis industry. California is expected to generate $10 Billion in retail cannabis sales this year. But the absence of an institutional means to store cash only impedes this growth potential. The state, of course, wants its share of revenues, hence the passing of the bill.
If you’re a California resident, and if you support cannabis legalization, then you might want to know each candidate’s position on the industry. This article outlines the candidates’ policies on legal marijuana.
Aiming to legitimize and “change the conversation” on the cannabis industry, MedMen opened a $15 million “state-of-the-art” facility east of the Reno-Sparks area. Complete with greenhouses, a research lab, advanced machinery, and even a bakery, MedMen’s new facility aims for new highs in the social perception and consumption of legal cannabis.
There’s been a lot of discussion surrounding the potential impact of legalization on “people of color,” namely those living in communities wherein racial disparities in weed arrests are prevalent. In response to this concern, entrepreneurial individuals in these communities have decided to organize, leveraging their black market weed cultivation/production experience to build a legitimate enterprise. Hood Incubator is one such organization, and its entrance into the now legal industry packs a lot of punch in know-how, training, and overall experience.
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