Sure looks so. After a financially disappointing REC debut, our 2019 legal cannabis industry is positioned to leap significantly from last year's $2.5B gross. BDS Analytics projects earnings of $3.1B in 2019 and $7.2B by 2024.
Los Angeles Times
Last week Kern County Supervisor Leticia Perez was in court defending herself against pay-to-play charges. Now a group fed up with Santa Barbara County's pot industry is attacking County Supervisor Das Williams for his closeness with the industry.
Santa Barbara Independent
Alex and Donnell talk with John Wordin, founder of No Vet Alone, an organization that supports veterans dealing with mental health issues. Wordin tells us how his history as a professional cycler led him to No Vet Alone and how cannabis plays a role in his organization. Wordin has partnered with Mario Guzman (Sherbinski) to identify which strains help specific mental health issues. No Vet Alone claims that 62% of current participants have reduced or eliminated prescription drug use.
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Earlier this month, the Southern California Coalition asked the Department of Food and Agriculture to award an appellation of origin to L.A. growers. The move was another sign that appellations aren’t just for wine and Northern Cali weed anymore. Appellations recognize a place of origin. Think cognac, a brandy from a region of France.
Santa Barbara-based attorney Amy Steinfeld is part of a new "Cannabis and Industrial Hemp Industry Group," developed by the high-powered D.C. lobbying firm Brownstein Hyatt Farber Schreck. She's just one of many lobbyists beginning to gather around the country's fastest-growing industry.
Seven people were hospitalized in the Central Valley town of Hanford with "pneumonia-like symptoms." The culprit is thought to be a lung toxin found in a cluster of vape pens purchased at local pop-up markets.
Former heavyweight champion and current cannabusiness contender Mike Tyson says he’s out there smoking $40k worth of weed per month, which strains credibility.
NBC Palm Springs
On the heels of its partnership with Marijuana Business Daily, Seattle data analytics company Headset has joined forces with San Francisco vaporizer manufacturer Pax. The data Headset provides would help Pax and its partners address inventory issues.
MJ Biz Daily
Following up on a breakthrough session in the state legislature in which critical workplace and expungement laws were passed, NORML collected dozens of signatures from consumers last Saturday at NuLeaf, Las Vegas.
As with El Monte and so many other municipalities where prohibition lives on, residents of the impoverished town of Lemoore undercut city plans to build a cannabis industry within its city limits.
Agriculture technologies are evolving rapidly, helping growers to adapt to the market. Overall, more tools exist to lift growers out of tough spots. But there will never be a greater friend to the grower than experienced hands who enjoy sharing information. No machine invented in 2019 will prove more valuable than the knowledge being shared to stop the disease known as "yellow head" but which is actually latent hop viroid.
Future Cannabis Project/MG Retailer
In wine country, cultivators of grapes and legal cannabis are beginning to have the sorts of conflicts that anyone with a sense of ag history might have predicted.
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