When officials began taxing and regulating cannabis after voters approved it for recreational use, donations to compassionate cannabis programs fell sharply. Now the state is attempting to revive those services for low-income medicinal users.
Luke and Eliza Maroney want to bring more buzz to Sacramento, and not just the kind they sell. They’re spouses and partners in Lucky Box Club, a subscription service delivering curated cannabis products to customers monthly. But they’re out to fuse weed and other concepts too.
From senior discounts to Weed 101 workshops, dispensaries, delivery services and assisted living facilities in the Capital Region are navigating business and policy implications of the spike in interest among seniors.
Cash is king in the cannabis world, and no one likes it that way. Because marijuana remains illegal at the federal level, only a handful of banks will do business with those in the industry in states where cannabis is legal.
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.