California: Page 45

California Offering $50,000 ‘Bridge Loan’ for Small Businesses, Including Cannabis Industry

With a sales tax deferral and an opportunity to hold back thousands of dollars, California is offering some relief for small business owners.

Following Nearby Destruction of 500-Acre Hemp Crop, Arvin, Calif., Moves to Regulate Industry

The city aims to have local jurisdiction over growers and manufacturers, as well as work with them to obtain tax revenue and support the community and environment in other ways.

UC Davis Releases Report on California Cannabis Testing Costs

Researchers found that cannabis growers’ testing costs average $136 per pound.

Lawmakers Introduce House Bill to Extend Federal Aid to Cannabis Industry, Stay-at-Home Orders Keep 4/20 Sales Down: Week in Review

This week, Reps. Earl Blumenauer and Ed Perlmutter unveiled legislation that would allow cannabis businesses to access federal COVID-19 relief.

California Cannabis Equity Program Grants Local Jurisdictions $30 Million in Funding

The program aims to support cannabis entrepreneurs from communities disproportionately impacted by prohibition.

Planet 13 Announces Renegotiation of Santa Ana Acquisition

Following an announcement that it had terminated an agreement to acquire a dispensary in Santa Ana, Calif., Planet 13 has renegotiated the terms.

Cannabis Retail Applicants Sue Los Angeles Over Licensing Process

The lawsuit seeks to force the city to vet all the dispensary applications it received under the first-come, first served process that was initiated last fall and met with backlash.

Canopy Growth Drastically Reduces Operations, Virginia Governor Signs Cannabis Decriminalization Bill: Week in Review

The Canadian licensed producer is ceasing operations at several of its locations to slow down cash-burn as its new CEO reviews costs.

Los Angeles Department of Cannabis Regulation Sends New Licensing Process Recommendations to City Council

Among the recommendations are for city council to amend the municipal code with revised definitions, and temporary approval and priority processing for certain applicants.

Planet 13 Announces Termination of Santa Ana Acquisition

The acquisition was terminated due to unmet conditions in the definitive agreement.

San Diego’s Torrey Holistics Adjusts to New Market Trends, Gives Back to Local Community During COVID-19 Crisis

The dispensary is donating medical supplies and a portion of its April sales to local organizations that have been impacted by the pandemic.

California’s Grim Outlook: Coronavirus Pandemic Expediting the State’s Existing Cannabis Market Failures

Now, more than two years into the state’s adult-use program, the struggle continues.

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