Tag: CBT > California Illicit Cannabis Market: Page 3

California

California’s Cannabis Tax Revenue Sinks to 13-Quarter Low; Excise Tax Reporting Shifts

Licensed operators have provided nearly $4.9 billion in total tax revenue to the state since adult-use sales launched in 2018.

May 24, 2023

Cannabis Price Compression

Curaleaf’s Boris Jordan Says New Super PAC Will Sway SAFE Banking’s Passage in 2023

The company’s executive chairman provided a timeline for the bill during an earnings call but said he’s not “predicting anything in Washington.”

May 2, 2023

Cannabis Market Correction

California’s Retail Logjam Leaves Legal Cannabis in Jeopardy

Many operators blame overregulation and overtaxation for the state’s still robust illicit market, but one elephant in the room remains: limited retail access.

March 28, 2023

Outdoor Cannabis Cultivation

California Cannabis Operators in Peril as American Dream Turns to Nightmare

Despite serving time in federal prison, Huckleberry Hill Farms owner John Casali said California’s regulated market has become more stressful than the illicit.

March 17, 2023

Industry Headlines

$20 Million Donated to Help California Growers Restore and Conserve Properties

The California Department of Fish and Wildlife donated $20 million to help restore and conserve growers' properties and help limit the number of illicit grows.

March 16, 2023

California

Q&A With 'Can Legal Weed Win?' Authors Robin Goldstein and Daniel Sumner

The legacy cannabis market continues to attract consumers and compete with licensed operators. Here, the University of California, Davis economists explain what is happening.

February 13, 2023

Legislation and Regulation

California Lawmaker Proposes Cafe-Style Cannabis Consumption Lounges

The measure would permit consumption lounges to sell non-cannabis-infused food and nonalcoholic beverages and sell tickets for on-site entertainment events.

February 8, 2023

California

Curaleaf Announces Closure of Operations in California, Colorado, Oregon

The proactive exit will generate additional cash and improve margins in a non-SAFE Banking environment; 2023 free cash flow is expected to exceed $125 million.

January 26, 2023

Solventless Extraction

Make Way For the Next Cannabis King

Flower will not always have the throne. What will replace trimming, drying and curing to create future products, and what hurdles stand in the way?

January 6, 2023

Legislation and Regulation

California's Cannabis Market: 2022 Year In Review

Numerous challenges marred the world's largest cannabis industry in 2022, but there's hope regulatory changes could bring relief and reenergize the market in 2023.

December 29, 2022

Distribution

California Judge Fines Illicit Cannabis Operators $128M

The civil penalties were proposed by the Department of Cannabis Control and issued against seven defendants, including former licensee Vertical Bliss.

December 7, 2022

Fast Stats

Cannabis Arrests by the Numbers

Plus, see how many New York municipalities are opting out of allowing cannabis dispensaries and consumption sites.

November 23, 2022