For proponents of legal cannabis, Prop. 64 will forever be a landmark. But another ballot measure — Prop. 65, passed 30 years earlier in 1986 — gets almost no attention, although it also affects state government’s approach to cannabis.
The underground market is flourishing in Sacramento and across the state. The BCC and city have promised a crackdown. But there’s disagreement in the industry about whether that’s the right move.
For landlords with the right commercial space, the green premium would seem to be cash-flow heaven.
Eleven months after recreational marijuana use became legal in California and six years on from legalization in Colorado and Washington state, legal pot growers and dealers still can’t use banks the same way other businesses can.
The Sacramento-based startup makes cannabis-infused topical skin care products and for Chelsea Dudgeon, CEO and cofounder, her grandmother was “a tough sell” in the beginning.
Uncertainty over where people can consume marijuana can create significant limitations for cannabis businesses.
Mike Appezzato has only been in business for a year, but he’s already uprooting his company to move it to Sacramento.
To many consumers, the idea of edibles — cannabis-infused chocolate bars, brownies and other treats — sounds enticing. Especially considering health concerns about cigarettes have made people uncomfortable with smoke, including from marijuana.
Green zones approved for commercial cannabis are limited, and demand for commercial space has driven up property values in Sacramento. Local businesses — both cannabis-related and otherwise — are feeling the pinch.
Canna-Hub, a cannabis real-estate development firm, is planning its own massive cannabis complex in the city of Williams.