Oakland, California, has recently been a hotbed of discussion in the cannabis industry since the City Council passed two new ordinances, both highly changing and regulating its MMJ market that has flourished since the state became the first to legalize in 1996.
While this new legislation is groundbreaking in Northern California for providing the unprecedentedly high limit of 8 dispensary permits awarded per year, it is structured in a way that, while well meaning, will actually cripple the quickly growing industry.
Upon exiting the new exhibit “Altered State: Marijuana in California” at the Oakland Museum of California, I sit down in the heart of Oakland, the city predominately featured in the exhibit, to reflect on what I just experienced. OPD choppers circle overhead as I watch children heading home from school, two key subjects in the marijuana discussion merging before my eyes. I could use some of the delectable buds they had on display right about now — that might help.
California made history 20 years ago when it became the first state to legalize medical marijuana, but since then, not much has changed. Regardless, California marijuana sales still reached $2.7 billion in 2015. Compare that to the $996 million in legal weed sales pioneer state Colorado reached in 2015 and the $5.7 billion total the entire U.S. brought in, and you can see what a huge part California plays in the legal cannabis industry.
Unlike shark-tank investor summits held in private for pre-verified investors only, WeedClub’s @420 Pitch event welcomed hundreds of Marijuana Investor Summit attendees eager to witness the latest inventions of industry hopefuls.
Legal cannabis sales are projected to grow to $100 billion over the next 13 years, setting the event’s location at Union Square Hilton in the epicenter of the same tech-boom that’s losing its corporate suits to the “Green Rush.”
About a year ago, Leland Ayala-Doliente, 22, and Holland Sward, 23, made what we can only hope was the dumbest mistake of their short lives thus far. The pair was driving from Nevada to Montana carrying more than 20 pounds of weed. They chose to test their wares and soon became so paranoid that as they approached the Nevada-Idaho border, they decided to call the cops. On themselves.
An attempted marijuana theft gone horribly wrong has left three people dead and two Northern California growers facing serious jail time.
Two growers, who are also brothers from the small town of Rail Road Flat in Calaveras County, have been arrested following a fatal shooting near their grow site early Tuesday morning that left three unarmed would-be burglars dead.