In a signal of how much the nation’s most mainstream investors are moving toward cannabis acceptance, about a dozen public pension funds between here and Louisiana have invested in the plant via REIT, a real estate investment trust
MJ Biz Journal
WeedWeek hasn’t checked the record books, but Sacramento’s inaugural cannabis czar has traded in public officialdom for executive employment.
Joe Devlin oversaw Sacramento’s cannabis regulations for two years. Then, in a manuever executed by thousands thousands of non-pot officials before him, took his talents to the industry he helped regulate.
Sacramento News & Review
In Sherman Oaks and Hollywood last weekend, two multi-million dollar homes hosted open house parties featuring food and expert advice, along with cannabis products. They were part of the push to make homes enhanced for cannabis a thing.
Welcome to the buzz around Bel Air’s “Marijuana Mansion.”
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California Senator Kamala Harris is both running for President and frequently targeted for criticism for her past positions on pot. This week Harris teamed with New York Congressman Jerrold Nadler to introduce legislation that would send new tax revenue to communities disproportionately victimized by the War on Drugs.
The Mendocino County Sheriffs sent out a press release on July 17, concluding operation Operation Clean Sweep which destroyed 42,638 unlicensed plants. Its wrap-up tells the story in numbers.
Underperforming pot revenues have left a hole in the state budget. The causes are administrators’ year-long licensing hangups, the continued dominance of the illicit market, and bans in rural communities.
California's after school programs are taking the hit.
L.A. Times/Cannabis Now
In Reno, a Blum dispensary is considering itself a food truck. Industry experts call it a "back-door tactic to skirt federal banking regulations and make more money" the Reno-Gazette Journal reports. It may also help the shop take credit cards.
California law allows licensed cannabis growers to get a county-of-origin designation if they grow all of their weed in one county. A bill in Sacramento would go further by explicitly prohibiting regional claims with no basis in geography.
World-renowned drug policy scholar Mark Kleiman passed away this week. Cannabis legalization would not have become what it is without his forward-looking efforts.
UCLA Luskin School of Public Policy
Proving that smaller, rural parts of the state hunger for cannabusiness as much as big cities, about 70 applicants are interested in from all over applied for four forthcoming Turlock applicants came out in droves for four forthcoming retail licenses.
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