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The legalization of Cannabis, commonly known as Marijuana in the United States, has existed for years. Today, almost half of the American states have welcomed the cannabis market, and eleven states are looking to join by the end of this year. As such, the cannabis industry in the U.S. has continually grown not only in demand but also in production. In California, including Los Angeles, Cannabis was legalized for medical use in 1996. However, in 2016, the state finally approved the

The global cannabis industry grew 46% in 2019 fueled by emerging adult-use markets. It has the potential to grow another 38% in 2020 and projected to reach $48 billion in 2025. The worldwide legal cannabis industry posted its biggest year of growth in 2019, according to data firm BDSA. The Arcview Market Research/BDSA forecast model shows worldwide spending grew 46.1% to $14.8 billion in 2019 over the course of a six-year period from 2013 to 2019. During that time, legal spending grew at a 34.3%

“I knew Prop 64 would pass, and that was fine with me,” recalls Rev. James K. McKnight, Pastor of the Congregationalist Church of Christian Fellowship in South Central Los Angeles, where low-level cannabis convictions are among the highest in the state. “The law promised social equity, social justice, second chances." But no one told him it was going to take years to take effect. Californians had high expectations when they overwhelmingly voted in 2016 to legalize adult-use cannabis with Proposition 64: the Control,

Legislative Analyst’s Office calls for taxing marijuana based on potency and dropping cultivation taxes. California’s struggling cannabis industry didn’t get the recommendation many hoped for — a call to sharply lower the industry’s tax rate — but a long-awaited state report did suggest a marijuana tax overhaul. The report from California’s nonpartisan Legislative Analyst Office, released Tuesday, Dec. 17, says lawmakers should ditch the way the state currently taxes marijuana and, instead, tax cannabis at different rates based on its potency. Such

Square has launched a program to process credit card payments for CBD businesses. With the movement to provide banking to cannabis on the state and federal level, the company is positioning itself to service the cannabis industry. Yet, Square is moving quietly with discretion. “Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company said in an email. (Source: Forbes.com) Square, and others like PayPal and Stripe have held a policy to turn away cannabis related businesses. They

A summary of guidance and information for registering cannabis-related trademarks in California. Get the 2019 California Cannabis trademark guidelines brochure, costs, and links to official government services. In April 2019, The Secretary of State’s Office released new brochure with guidance and information for registering cannabis-related trademarks in California. You can download the full brochure from the California Cannabis Portal’s Business Resources page or click here to instantly download the Brochure PDF. Here are the highlights. CA Cannabis Trademark Definitions “Trademark” means

Spark conversations and make a positive impact on your business. Good cannabis PR strategies get the word out while producing a cost-effective ROI on marketing investment. Here's how. Public Relations is an essential component to any successful marketing plan. Public Relations, PR for short, is an effective method of promoting a message through earned media. Publicists secure media coverage through effective storytelling and positive media relationships. Currently in the cannabis industry, PR is dominating as the leading method for promotion due

Cannabis is officially legalized in 33 states for medicinal purposes, and in 10 states for recreational use. Both medical and recreational consumers alike are celebrating by lighting one, or a few, up in the sky while employers seem to be anxiously waiting how this revolution will affect their businesses. Many employers seem to have embraced the times while other remain strictly opposed. With the unemployment rate at a historic low of 3.9%, and the job-market seeking able-working employees to fill

Meet five of the many cannabis entrepreneurs taking the industry by storm. These weedprenuers are leveraging their business success to spread awareness and erase the stigma around legal cannabis.   When an industry grows and becomes more successful, opportunities for entrepreneurs rise. The cannabis industry is no different. The legalization of recreational and medicinal cannabis has expanded dramatically over the last couple of years, and entrepreneurs are wasting no time taking advantage of these new opportunities. Here are just a few

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