California

Wed
26
Apr

Marijuana Delivery Via Drone Could Be Just Around the Corner

Despite the legalization of recreational marijuana in California, delivering weed is still a risky business. Pot delivery services currently are illegal in the city of L.A. (though that's likely to change), and drivers carrying cash and cannabis could become targets for police and robbers alike.

Cannabis delivery service Eaze (which operates statewide but not in the city of L.A.) dreams of another way. Over the weekend the company demonstrated drone delivery of marijuana at the High Times Cannabis Cup in San Bernardino. Though it says the technology is perhaps years away from being put into use, the "Drone Lifted Experience" demo (see video, below) showed how simple it could be.

Wed
26
Apr

Venture Capital Investors Betting Big on Cannabis

Silicon Valley investors are known for pouring money into risky bets like flying cars and asteroid mining. Now, a handful are diving into one of the few industries that makes most of their peers squeamish — pot.

As the marijuana industry soars, with New Frontier Data predicting legal pot sales will balloon to more than $24 billion by 2025, a handful of venture capitalists are climbing on board — albeit cautiously. Those putting money into the industry say it’s a rare chance to stake an early claim in a lucrative market with little competition from other investors. But they’re keeping one eye on President Donald Trump’s administration, watching for signs of a federal crackdown that could derail the burgeoning industry.

Wed
26
Apr

Cannabis Workers Bill Zooms Through California Assembly

The cannabis workers protection bill is moving swiftly through the California Assembly.

At a hearing today, members of the Business and Professions Committee voted to move the bill forward after brief testimony from its sponsor, the UFCW Western States Council. The Assembly Committee on Labor and Employment will hear the bill next.

Wed
26
Apr

The Wonka Factory of Weed—aka World's First Cannabis Processing Plant + Destination Play Land Has Arrived in California

The first time I met Flow Kana founder Michael Steinmetz, it was September of 2015. We rendezvoused at a Dogpatch coffee shop because his startup's office was too tiny to host guests. He spoke rapidly and breathlessly (as South Americans tend to do) not just about his brand (as startup CEOs tend to do) but about a culture he envisioned, where cannabis could subsidize California's small farmer ecosystem and usher in a new era that would be "friendlier, giddier, and a little more tolerant." At the end of our hour-long conversation, I sent him an email: "I don't know whether to write a story or to ask you for a job."

Wed
26
Apr

Pot in the Portfolio? Some Tech VCs Say Bring It On

Silicon Valley investors are known for pouring money into risky bets like flying cars and asteroid mining. Now, a handful are diving into one of the few industries that makes most of their peers squeamish — pot.

As the marijuana industry soars, with New Frontier Data predicting legal pot sales will balloon to more than $24 billion by 2025, a handful of venture capitalists are climbing on board — albeit cautiously. Those putting money into the industry say it’s a rare chance to stake an early claim in a lucrative market with little competition from other investors. But they’re keeping one eye on President Donald Trump’s administration, watching for signs of a federal crackdown that could derail the burgeoning industry.

Tue
25
Apr

California Set To Harmonize Recreational And Medical Marijuana Laws

With passage of the Medical Cannabis Regulation and Safety Act (“MCRSA”) in 2015, California took a huge step towards comprehensively regulating its medical cannabis industry after more than 20 years of little to no such state government oversight under Proposition 215.

Mon
24
Apr

Cannabis spotlight on MyDx Inc (OTCMKTS:MYDX)

MyDx Inc (OTCMKTS:MYDX) is a penny player in the technology wing of the cannabis patch that has recently put out its financial numbers, as well as a key presentation to accompany that data. In the wake of this data and presentation, the stock appears to have failed its most recent breakout and extension attempt. We thought it was a good time to take a look at the data to understand more about this reaction.

Mon
24
Apr

California studies energy impact of marijuana farming

As California gears up for the implementation of Proposition 64, which legalized recreational marijuana use, state regulators are trying to figure out how the new industry will impact the energy supply.

In February, the California Public Utilities Commission held a workshop to assess the potential energy impacts of widespread legal pot growth.

Panelists consisting of utility representatives, cannabis growers and regulators mulled over ways to make cultivation more energy efficient, according to CPUC officials.

“The fast growth in the cannabis industry presents a challenge and an opportunity to ensure that the choices made by the cannabis industry reflect California’s climate goals,” said CPUC President Michael Picker.

Mon
24
Apr

California 'weed nuns' could bring cannabis healing mission to Canada

WATCH ABOVE: California 'weed nuns,' whose holy Trinity is the cannabis plant, grow and harvest cannabis, and their mission to heal and empower women may be coming to Canada.

Meet the Sisters of the Valley — California’s self-ordained “weed nuns” who are on a mission to heal and empower women through their cannabis products.

Fri
21
Apr

Migrant workers are making thousands trimming marijuana in California

They sit for hours at a time, hunched over tables with scissors in one hand and marijuana in the other. The work is tedious, but it pays well — for now. This once mostly black market trade is slowly becoming more regulated, hindering the flow of quick under-the-table cash.

Hours meld, the sound of snipping and sticky scissors clinking when they are dipped in jars of alcohol as the workers groom the weed.

Pages

Subscribe to RSS - California