California’s cannabis tax problems
When Californians voted to legalize recreational marijuana, many state officials were thrilled at the prospect of all the tax revenue that would roll in. It was estimated that the tax takings from the cannabis industry would total $185 million for the first six months of 2018. The actual total is $82 million. If you’re wondering about the reason for this massive discrepancy, you’re not the only one. Some are blaming state regulations and the black market. Get the details about this shortfall here.
The Stoner Cleanup Initiative
Last month, a Reddit user posted a picture of a bag full of trash with the caption, “Cleaned up the smoke spot #StonerCleanUpInitiative.” This post gained traction in cannabis-loving communities, and now hundreds of tokers are participating in the challenge. It’s pretty straightforward. Simply go to your favorite smoke spot, and do a little picking up while you’re there. Finally, a movement we can all get behind.
Canopy and Constellation team up
Constellation Brands, an alcohol industry giant, made headlines last year when it invested $191 million in Canopy Growth Corp., a Canadian cannabis company. Constellation seems to be confident in this commitment to the marijuana industry. In fact, the company recently announced an additional $4 billion investment in Canopy. Learn more about this power couple here.
North Dakota to vote on recreational marijuana
Marijuana advocates in North Dakota gathered enough signatures to place a recreational cannabis proposal on November’s ballot. The initiative would set no limits on the amount of marijuana residents could grow and possess. Bold move, North Dakota.
Cannabis jobs skyrocket in Canada
Are you looking for a job in the legal marijuana industry? If so, you may want to head to Canada, where cannabis-related job postings are growing quickly. Remember, legalization is just around the corner for our Canadian friends.