LA BIZ JOURNAL REPORT--Peace, love, and music, or at least the approved branding of such, awaits MedMen Enterprises Inc. after it announced Aug. 22 an exclusive license agreement with Woodstock Ventures LC.
420 FILE--One in five batches of marijuana has failed laboratory testing since new state safety requirements kicked in July 1, according to data from the California Bureau of Cannabis Control.
420 FILE--According to the Attorney General's annual crime report for 2017, arrests for marijuana offenses dropped precipitously in California following the passage of Proposition 64, which legalized the recreational use for adults in November 2016.
420 FILE--Regulators at the US Food and Drug Administration on Monday granted market approval to Epidiolex, a prescription medicine containing a standardized formulation of plant-derived cannabidiol (CBD) for the explicit treatment of two rare forms of severe epilepsy: Lennox-Gastaut syndrome and Dravet syndrome.
POT PERMIT WATCH-Time to overhaul the cannabis department and the system of permits and licensing of pot in Los Angeles.
GUEST COMMENTARY-So here we are, the end of April 2018. The State law legalizing marijuana sales took effect January 1. To date, LA City has issued a total of 142 permits.
420 FILE—(Ed Note: The LA Times headline on April 23: “LA has yet to license a single marijuana manufacturer, leaving businesses shut out of the city’s legal market.” Budget Advocate Co-Chair Jay Handal is not surprised.)
420 FILE--Drugs and crime: The two phenomena have been linked for so long that many assume one inevitably leads to the other. Attorney General Jeff Sessions insists legalizing marijuana can inspire violent activity, while some in Colorado have linked legal pot to that state's increase in crime.
DEEGAN ON LA-Bring in the bean counters, or would that be the bud counters? Now that recreational marijuana is legal in California, thanks to overwhelming passage of Prop M that was approved by 80% of the voters last March, there will be a steady flow of new tax revenues streaming into the City and the State.
420 FILE--Though a key argument for legalizing marijuana in the United States is that it would put a tremendous and necessary dent in the domestic and global failure known as "the War on Drugs," a new analysis out Wednesday reveals that federal legalization could also raise more than $130 billion in tax revenue by 2025 while also creating more than 1.1 million new jobs.
BCK FILE--This week, Attorney Jeff Sessions fired yet another shot at California, delivered courtesy of the Trump Administration. For the party that espouses states rights, Sessions threw a punch just days after California rolled out legalized recreational cannabis.