Competition Crowds the Cannabis Space and Retailers are Charging For Shelf Space
Known as slotting fees, the practice requires brands to pay anywhere from $500 to $15,000 a month for premium space on cannabis retailers' shelves. As more brands enter the marijuana products marketplace, competition for retail shelf space in key adult-use markets such as Colorado and Washington state is intensifying. While the number of new brands – and, consequently, the amount of new
Sweet Flower Dispensary Opens Los Angeles Storefront In Westwood
LOS ANGELES | PRNewswire Sweet Flower, the largest independent Southern California cannabis retail chain is opening its newest Los Angeles retail location on July 3rd, Sweet Flower Westwood, in Westwood, Los Angeles. Sweet Flower Westwood joins Sweet Flower's other Los Angeles stores in the DTLA Arts District, Studio City and on Melrose. Sweet Flower's vision is to transform the modern cannabis shopping experience. Best known for its beautiful, open and inviting spaces and
The SEC Has Stopped The High Times IPO
The Cannabis Law report has confirmed from HighTimes Holding Corp. lawyer Stephen Weiss and Megan Penick of L.A. based Michelman Robinson LLP that the Securities & Exchange Commission (SEC) has halted sales of shares in the company. The story as reported by Teri Buhl states that the reason the sales were stopped is the company hasn’t filed its annual report. The last time the
Tax Warrants Crack Down on Unlicensed Dispensaries in L.A. and San Bernardino Counties
California officials have started cracking down on unlicensed dispensaries with 12 tax warrants throughout Los Angeles and San Bernardino counties. The California Department of Tax and Fee Administration (CDTFA) announced Wednesday that over the past several weeks twelve illegal cannabis retailers in Los Angeles and San Bernardino counties were served tax warrants with the assistance of the California Highway Patrol (CHP). The
Humboldt County Civil Grand Jury’s “Growing Concern” Over Cannabis Planning Program
Four years after recreational cannabis was legalized in California, the Humboldt County Civil Grand Jury has a released report entitled "A Growing Concern." The report focuses on the Planning and Building Department's record keeping and cash handling procedures for the cannabis industry. "There is a notable lack of in-depth reporting of revenues and expenditures that would accurately show the citizens of