Big Marijuana Is Here. Now What?

Two major Canadian marijuana producers are merging to create a $6 billion mega-corporation. Fifteen companies have 10 percent of California’s licenses. The era of Big Marijuana began a while ago. The title of “world’s largest and most valuable marijuana company” has changed hands yet again. Last week, Aurora Cannabis paid $850 million for CanniMed, another,…

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CA Pot Growers Frustrated With State’s Distribution Model

Marijuana farmers with small and medium-sized grows worry about the cost and stability of California’s current distribution system. As California begins to implement the regulations surrounding its new recreational cannabis market, industry insiders are adapting to the state’s new distribution process and finding that it’s now excessively difficult for cultivators to get the product to…

Legal cannabis businesses forced to pay billions in taxes with cash

Most people don’t pay their taxes in big bags full of cash. But since, marijuana is still illegal under federal law, banks—whose primary regulator is the federal government—aren’t allowed to provide financial services to marijuana businesses. Since cannabis businesses (even licensed, state-approved ones) don’t typically have bank accounts, they have no choice but to use cash.…