Tag: california
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How Many Cannabis Brands Sold Products At The 2024 California State Fair?
The California State Fair made history this summer by allowing on-site cannabis sales and consumption. Oregon was the first state to permit a recreational cannabis exhibit back in 2016, however, Oregon’s State Fair did not permit on-site sales and consumption. “Approximately 80 of California’s best brands—including more than half from craft, legacy and social equity…
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Los Angeles Has Issued 111 Social Equity Cannabis Dispensary Licenses
In December 2020, regulators in Los Angeles announced that they had selected 200 social equity cannabis dispensary applicants. Zoom forward to July 2024, and only a reported 111 social equity cannabis dispensary licenses have actually been issued. “At the beginning of 2024, a total of 499 social equity business permits had been awarded to retailers,…
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Metrc Receives $113 Million Cannabis Contract Extension In California
Cannabis industry regulators in California have extended the state’s contract with Florida-based cannabis track-and-trace software company Metrc. According to the California Department of Cannabis Control, “the new contract went into effect on July 1, 2024 for a four year term with a state option to extend for up to two additional years.” Metrc describes itself…
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Recreational Cannabis Sales Are Booming In Costa Mesa, California
California’s legal cannabis market has struggled in recent years, with overall sales declining in the state. However, some local markets in the Golden State are experiencing better recreational cannabis sales than others. A great example can be found in Costa Mesa, where adult-use cannabis sales have spiked 452.79% year-over-year compared to Q1 2023. Costa Mesa,…
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San Diego County To Issue 13 Cannabis Business Licenses Through Social Equity Cannabis Program
San Diego County is launching a new social equity cannabis program with the goal of helping people that were previously negatively impacted by cannabis prohibition policies get into the state’s emerging legal cannabis industry. Applications for the San Diego County Cannabis Social Equity Program are now open for individuals previously incarcerated for cannabis offenses. The…
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Charlotte’s Web CBD Products Debut In 827 Walmart Stores Across Five States
Charlotte’s Web is a Colorado-based B Corp company specializing in the creation, distribution, and sales of cannabinoid-based products. The company describes itself on its website as starting “as a mission, not a company. In the early days, our extract was something we gave away to help those who could benefit from it. Ten years later,…
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Long Beach Cannabis Taxes Reduced By 1-4%
California’s legal cannabis industry has struggled to compete with the state’s unregulated market in recent years. The 2024 Q1 sales totals in California are the lowest since the second quarter of 2020 when total sales were roughly $1.1 billion. Sales totals peaked in California in 2021 Q2 when the state’s legal cannabis industry sold over…
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Santa Barbara’s Cannabis Farming Sector Expanded By 45% Last Year
California’s legal cannabis market remains the largest in the nation, despite the state’s emerging industry experiencing growing pains in recent years. California was the first state to legalize cannabis for medical use in 1996, and voters approved recreational cannabis legalization in 2016. Santa Barbara County, located in Southern California, has a population of roughly 445,000…
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How Many People Have Entered The 2024 California State Fair Cannabis Competition?
The first state fair to feature cannabis was Oregon back in 2016 when the Oregon State Fair hosted a cannabis plant competition. However, cannabis sales and consumption remained prohibited at the 2016 event in Oregon, and the event has long ceased to occur. This year’s California State Fair also features a cannabis competition, and organizers…
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Cannabis Tax Revenues Are Down In Santa Barbara County, California
In a trend that can be found throughout the State of California, local cannabis tax revenues in Santa Barbara County are lower than anticipated. Legal cannabis sales in California continue to underperform as the legal industry battles the still-thriving unregulated market. “The shortfall for this fiscal year, covering June 2023 through June 2024, will likely…