Cannabis News and Information

Global Go Consulting Cannabis Blog

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Overview of DCC’s adopted cannabis regulations in California

Last Friday 11/11, the Department of Cannabis Control (“DCC”) adopted regulations to govern California’s medical and adult use cannabis industry. These regulations went into effect immediately so it’s imperative that licensees understand the updates, changes, and clarifications within these new set of rules.

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California Drought Impacts on Cannabis Cultivators

Despite CA’s recent rainstorms, overall the state is experiencing extreme to severe drought that is the genesis for water restrictions for Cannabis operators who are Lake and Streambed Alteration (LSA) Agreement holders and divert water from surface water sources.

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New York CAURD licensing blocked in five regions

The first batch of retail cannabis licenses were blocked from being issued in five regions in New York. A New York federal judge ordered the block pending the outcome of a lawsuit filed by a Michigan cannabis operator which claimed New York’s licensing selection process violates federal interstate commerce protections. The judge, Gary Sharpe issued the injunctions for the following regions:

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New York CAURD Applicants: Guidance for Adult-Use Dispensaries

This past Friday 10/28, the OCM quietly released its Guidance for Adult-Use Dispensaries (“Guidance”), which is a summary of the pending regulations for CAURD applicants and other adult use dispensary applicants. It is important that all CAURD applicants familiarize themselves with the information provided in the Guidance.

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Alabama Cannabis License Application Information

The Alabama Medical Cannabis Commission (AMCC) recently announced they received over 380 requests to apply for a cannabis business license in Alabama. John McMillan, head of the Alabama Medical Cannabis Commission, said he expects the actual number of applicants to be far less than that number.

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California DCC seizes more than $1B in illegal cannabis

The Department of Cannabis Control (DCC) in California recently announced that enforcement activities pushed the total value of seized cannabis over the $1 billion mark in the last 13 months. The numbers from the enforcement are staggering: 232 search warrants, half a million pounds of product, 1.4 million cannabis plants, 120 firearms, and $2.3 million in illegally obtained assets.

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Cannabis on Wall Street: Fundamentals Matter with Federal Legalization on Hold

The cannabis industry’s multi-state operators (MSOs) wrapped up second-quarter earnings season at the end of August with most of their stocks none the worse for wear. Slowing growth prompted many downward revisions in earnings forecasts by Wall St. analysts. Yet New Cannabis Venture’s American Cannabis Stock Index posted a 27% gain through August 31 from its year-to-date low on June 30.

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Israel: Medical Cannabis’ Past, Present, and Future Province

Going Global hosts Ivy Bader and Yoram Eshel interview Avinoam Sapir, CEO of Tikun Olam – Cannbit, Israel’s largest cannabis pharmaceutical company. The trio discusses Israel’s leadership in research and its impact on the local and global cannabis market.

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Indio, CA to open cannabis licensing in Coachella Valley

Indio, “The City of Festivals’”, long-anticipated application period for the regulation of cannabis storefront retail is quickly approaching. Starting September 1st, applicants can apply for one of the five coveted storefront retail licenses via an online application.

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Georgia, Alabama, Mississippi, and Louisiana: A Second Shot at Southern State Cannabis Profitability

Alabama’s legalization of medical cannabis in May - coupled with Louisiana, Georgia and Mississippi expanding their programs this year - presents a second southeastern opportunity to cannabis companies that were shut out of Florida by that state’s decision to license only a handful of vertically integrated, seed-to-sale operators. At first glance, the four-state opportunity looks like it could be even bigger than Florida since their combined population is 23.6 million versus Florida’s 22 million.

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