Experts Say California Will Become Largest Job Creator for Marijuana

medical marijuana payment processingIndustry experts recently shared that California will become the largest recreational cannabis market in the world and the largest creator of jobs for marijuana. Not only is California going to be the largest market, but it is also the ideal location for growers, processors and sellers. For those looking for work in this booming market, growers, processors and sellers are not the only businesses that will be hiring; adjacent services (legal advice, marketing, security, etc.) will be seeking additional staff as well.

According to a report by online employment marketplace, ZipRecruiter, “When it comes to growth in this industry, we see the most significant growth in states that recently loosened their marijuana laws.”

ZipRecruiter’s data revealed Los Angeles and San Francisco advertised the most marijuana-focused jobs in the legal marketplace. Contrary to what you might think, this is not an achievement that was built slowly over time; California’s recreational cannabis market just recently opened. Yet, it has already topped the list of marijuana-related help-wanted postings.

The Cannabis Marketplace report, published by Consumer Research Around Cannabis, revealed that there are approximately 13.7 million adults over the age of 21 in the Los Angeles Greater Metropolitan Area, and approximately 5.3 million of those individuals are cannabis consumers. With California’s legal medical marijuana reaching 3.8B$ in 2017, the question now is how much more will the marijuana market grow with recreational use.

In its 2018 Cannabis Investment Report, investment and research firm Ackrell Capital estimated that a 100B$ market could develop if the federal government supported full legalization – which it currently does not. With the many risks of running a cannabis business – under federal law, marijuana is still a Schedule 1 substance – entrepreneurs and employers constantly worry whether the government will come after them.

The recently revoked Cole Memorandum that protected marijuana companies operating legally under state laws from federal prosecution has also given the industry another reason to be nervous. Attorney General Jeff Sessions has made it clear that he does not support the legalization of marijuana.

The solution for many marijuana merchants has been alternative providers like Marijuana Merchant Account. As the industry continues to grow rapidly and businesses hire employees, many will continue to turn to high-risk providers for marijuana funding. If your business needs cash to grow and hire new staff, consider what a MMA can do for your company.

To set up your Marijuana Funding contact us today!

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Cannabis Safe Haven: Berkley First City to Declare Sanctuary for Cannabis

hawaii-marijuanaThe cannabis industry is rejoicing over the recent victory and groundbreaking move for recreational marijuana. The city of Berkeley California has prided itself for years for being a pot-friendly place. Now, the city has taken this acceptance a step further by declaring the city a sanctuary for recreational marijuana – an unprecedented move.

The beginning of February, the Berkeley City Council voted unanimously to declare the city a sanctuary for recreational marijuana. The adoption of this resolution means that Berkeley’s agencies and employees are now prohibited from using city resources to assist in enforcing federal marijuana law or providing information on legal cannabis activities.

“The city of Berkeley does not support cooperation with the Drug Enforcement Administration in its efforts to undermine state and local marijuana laws,” the measure states.

However, the measure does not cover other Schedule 1 drugs the federal government feels have a high potential for abuse. It also does not prevent the city’s resources from being used in the investigation of cannabis-related crimes that are illegal under federal, state and city laws. Part of these efforts appear to be to provide clarity not only for marijuana businesses and users, but also for state and local law enforcement. Until last month, the 2013 Obama-era federal policy – “Cole memorandum” – provided legal shelter for marijuana sales. However, sessions in January ended this policy.

Following the approval of the sanctuary law, Berkeley Mayor Jesse Arreguin released a statement saying, “Millions of peaceful Americans have been fined, arrested, imprisoned, or otherwise needlessly criminalized and stigmatized, sometimes for life, because of their use of marijuana. Ending this misguided policy is long overdue.”

Within a week of this declaration, a Berkeley marijuana lab announced that it would hire hundreds of employees as it prepares for rapid growth. California marijuana companies are expecting the industry to grow by tens of thousands of employees. According to an estimate by The Arcview Group, the total economic output legal cannabis will grow 150 percent from $16 billion in 2017 to $40 billion in 2021, accompanied with an increase of nearly 300,000 full-time jobs.

“The economic excitement around the legal cannabis industry is no longer just theory,” said Troy Dayton, CEO of The Arcview Group.

With high hopes and laws moving in the right direction, more and more cannabis merchants will be entering the market. If your business is seeking funding and services to take advantage of opportunities and grow, consider the recreational cannabis processing services Marijuana Merchant Account has to offer.

Learn more and Get Started Today!

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Buying Cannabis in California

Marijuana Business FundingCalifornia constituents unanimously voted in favor of the Adult Use of Marijuana Act (AUMA), famous as Proposition 64 eventually becoming the 5th state to decriminalize recreational pot after Colorado, Washington DC, Oregon and Alaska. It also shouldn’t be forgotten that California was the first state to legalize medicinal cannabis and currently, (and it has been so from January 1, 2018), you can freely smoke your pot in marijuana as long as your use your weed within the law.

And now, gone are the tough days when you hastily purchased your weed from a backstreet peddler or in dimly-lit shops with the fear of Feds pulling over anytime. There’s good-quality legal cannabis in California. Any adult, 21 and over can now walk into one of the many officially authorized dispensaries or order for weed delivery. Today’s cannabis stores are more like any other store where several different product varieties are displayed for potheads or any newbie smokers to choose from.

Here’s what to look for.

  1. lndica vs. Sativa vs. Hybrids

While Indica comes with a more relieving and relaxing effect, Sativa leads to high energy levels and fosters creativity. Most times, an enjoyable mixture of the two is preferred, but all hybrids typically have one dominant species. In essence, most strains we have are hybrids due to the cross-breeding that has continued in cannabis genetics since the first experiments.

Indica has higher CBD levels responsible for relieving pain and anxiety than sativa does. Sativas often this has antidepressant-like effects.

  1. What’s the Smell?

One way to tell the quality of weed before purchase is to break the buds and sniff the scent that comes from it. Buds may smell like, skunk, gasoline or earthy tones. Moldy or strongly ammonia smell means that the buds weren’t correctly cured. Be sure to substantiate that the cultivator behind it is a trusted source.

  1. Blunts or G-bags?

Blunts are cannabis rolled just like cigarettes would be. However, they come in different sizes and therefore differ in price. G-bags come in measures of grams and are a “bulky” way of buying pot, which is way cheaper. Most times, bulk buying will save you money and give you the stoner’s prime pleasure of rolling your marijuana. Plus, you can’t trust all dealers; someone could be hiding their low-quality weed between rolling papers and selling you the same for a high price.

4.THC and CBD

CBD & THC are the two phytocannabinoids that constitute cannabis resins. Each has different medicinal advantages according to ratios used.

  • Tetrahydrocannabinol (THC) –high THC levels are used as an analgesic.
  • Cannabidiol (CBD) –reduces seizures in the body.

Finally,

It shouldn’t be forgotten that there are some possession and use rules that should be adhered to until America fully legalizes cannabis (if it ever does).

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Marijuana is Finally Legal in California But Not Everyone is Enjoying The Party

Marijuana Merchant ProcessingMarijuana decriminalization is now one of the hottest topics in California and the whole of U.S. On Jan. 1, California celebrated the legalization of weed for all over 21s and joined Colorado in the list of ‘high states.’

But soon after (on Jan. 4), Attorney General Jeff Sessions, the weed seller, and pothead’s main headache showed up uninvited and ruined the party. Sessions have been resilient in his efforts to thwart all the years of struggle other lawmakers have made to see that the United States legalizes cannabis. And his Jan. 4 repeal of the Cole memo that protected states from federal interference with local laws threatens to scare the future of weed.

Bipartisan Resistance

Not that Sessions is winning his war on the now flourishing cannabis industry; in fact, he’s been facing a lot of bipartisan resistance. State leaders and Democrats won’t watch their legally established and regulated sector go down with one man’s declaration.

Republicans like Sen. Cory Gardner (Colorado) have even stated that the revoke contradicts President Trump’s campaign promise and Jeff Session’s pledge to the nation’s highest lawmaking office.

Investors in the industry have also warned that it may lead to interference with the billions in revenue and the thousands of jobs Marijuana and related companies are making.

Non-citizens and Immigrants Not Protected in California legalization

But despite legalization, possession, and consumption of legal California pot could still mean severe legal issues for non-citizens and undocumented immigrants.

Cannabis hasn’t been federally decriminalized, and federal regulations control immigration.

Brendon Woods, Alameda County Public Advocate expressed his concerns stating that immigrants are disadvantaged because being convicted for possessing anything above 30 grams of pot, whether in the U.S lawfully or not, is punishable by deportation.

The situation is worsened for non-citizens after A.G Jeff Sessions asked federal prosecutors to crack down on marijuana dealers and users in states that have decriminalized it.

This is so unfortunate given that California hosts over 10 million immigrants. That’s a large number considering the currently trending weed culture meaning chances are a good number may run into problems with the law.

There have been claims of the lack of federal resources to follow up marijuana cases, plus California has more liberal prosecutors; two factors that may cool things down a bit for now. But still, there’s reason to remain paranoid and have some eyes on the back of your head (if you’re a non-citizen).

The uncertainty is primarily caused by the administration’s general stance on immigration.

In a nutshell

The ultimate solution for Americans (including immigrants) would be legalization but getting to that is proving to be a long legal battle. Nevertheless, there’s hope for the cannabis industry and potential full decriminalization. It’s only a matter of time.

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Jeff Sessions War on Marijuana Hasn’t Frightened Cannabis Entrepreneurs

Cannabis leaf scattered on the dollars. Seamless image

Investors and Business Owners in the Cannabis Industry Aren’t Frightened by Jeff Sessions Efforts to Prevent Marijuana Decriminalization

Contrary to the expectations of many, the Attorney General’s move to recommence unrestrained federal enforcement of cannabis laws hasn’t affected the performance of the marijuana industry so far. Instead, it has inadvertently shown how deep-rooted this industry has become

Jeff Sessions, the man behind all troubles facing potheads and Cannabis entrepreneurs in the U.S recently, announced a deferment of the Obama-regime Cole memo. This memo offered states official pardon from federal intrusion regarding state marijuana laws.

The A.G’s declaration messed up the party for California that was then four days old since she decriminalized of both medical and recreational use on Jan 1, 2018. Sessions, in opposition to all scientific evidence, affirmed that “Cannabis is a harmful drug and… marijuana activity is a federal crime.”

Naturally, the attorney general’s move scared a handful of investors considering the now growing pot industry. But here’s why the remaining majority should put in more resources and finances in the U.S. Marijuana business.

Bipartisan Reaction

Trump’s admin made a lot of debatable decisions in the first year, most times, going unquestioned by congressional Republicans. But this time, Sessions must have rubbed most of them the wrong way— he’s triggered a bipartisan rebuke.

Advocates from all states that have decriminalized weed, particularly Colorado and California have joined forces with Democratic leaders to express their shock at the news. Even some Republican legislators are joining the resistance claiming the A.G’s plan to rescind the Cole Memo directly contradicted his promises when he took the oath of office, and those Trumps made to the people when contesting for the presidency.

Republican Sen. Cory Gardner (Colorado) said that this is not what Donald Trump promised Colorado in 2016 and that the repeal is unlawful. Plus, it puts millions of revenue and very many jobs at risk.

Republican Sen. Dan Sullivan (Alaska) however thought that though the Cole memo suspension is in disagreement with Trump’s statement, it may force Congress to stop ignoring the fact that they need to find a long-standing solution for weed-legal states.

Lack of Financial Backing and incentives to enforce

Sessions repeal of the Cole memo revokes the Department of Justice’s previous regulation on cannabis. In doing so, he pushed federal prosecutors to decide on a legal course of action in marijuana-legal states; and they may as well choose not to nothing.

The Executive Director for the Marijuana Policy Project, Matthew Schweich said that states are no longer willing to help the federal government impose harmful cannabis policies anymore. Most states are now ready to legalize pot for adults.

Legal experts have higher priorities to take care of than handle some new weed cases. Plus, prosecutors have limited resources to press charges against lawfully operating Marijuana companies and consumers.

Medical discoveries and realities

Scientific evidence has proven beyond any doubts the many medicinal uses of marijuana. As a result, we expect this to increase consumer demand for weed products in spite of the ongoing political threats. For instance, Florida is experiencing noteworthy consumer growth since it legalized medical marijuana.

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Legalized Recreational Marijuana | What Are the New Regulations?

imgresEven if Jeff Session’s won’t give up his battle against decriminalization of recreational cannabis, at least the year set off with some good news for California. As of January 1, the state had legalized marijuana. Currently adults, 21 and above, can lawfully buy recreational marijuana in California. How about this for a change? You can nowadays fearlessly march into a dispensary or even have the pot delivered to your apartment without feeling paranoid.

Market experts keeping an eye on the cannabis industry have spotted it as an ever-growing enterprise. Soon, the likes of Sessions will lay down arms, especially now that it’s being embraced by many other areas like fitness and healthcare to culinary experiences. And now, we can only expect other states to join the weed party.

So far, six states have decriminalized pot and Massachusetts will soon join the group come July 2018. But the drug still has some restrictions to look out for; so before you light some pot, know what’s right! Confirm what you can and cannot do according to the Medical and Adult Use Cannabis regulation and Safety Act (MAUCRSA).

You don’t need a card to buy pot at a dispensary

The only official requirement is a legal government-issued ID showing you’re 21 or above. However, bear in mind that regulations vary by state— each has the right to lay down local rules governing cultivation, distribution, and sale of marijuana.

You pay tax when you buy the weed

The only exceptions are those with state-certified medical cards, which shouldn’t be confused with the medical recommendation from marijuana doctors. Every time you buy, you pay sales tax and use tax on top of your local tax.

Sorry, you still can’t smoke or carry cannabis anywhere you want!

It is still not legal to use your cannabis in public areas, as well as within 1,000 ft of an education or youth center. However, this nearness-to-children rule doesn’t apply if you’re baking your pot in a private house and the smell isn’t detectable. Plus, you can’t also drive while high drive or have an unsealed/open package of pot in your vehicle (unless kept on the car trunk).

Lastly, crossing state borders or flying with pot will expose you to a “possession of controlled substance’ lawsuit.

How much weed can be legally carried around?

Over 21s can carry 28.5g or an ounce of marijuana in flower forms. Or 8.0g of concentrate in oil, dabs or hash.

You can grow your marijuana, but with LIMITS!

Legally, you can grow up to 6 plants at a go on your private property. Growing is prohibited in open backyards if you reside near public spaces. It’s also illegal to sell or distribute your harvest.

In conclusion

The above laws apply to most if not all states, apart from a few tweaks each county can legally make to ensure further control of pot.

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Why Government Shutdown May Trigger Crackdown on Marijuana Dealers

unnamedDec 13th will mark the last day of funding for the State Government.  Similarly, time is running out for the law that’s been preventing the Justice Department from meddling with the federal medical marijuana laws.  So unless legislators ratify an extension on this deadline, laws protecting Marijuana Sales will be no more.

Remember, DEA agents won’t be relieved of their duties and will act as watchdogs for the  Department of Justice which may take advantage of the this opportunity and use it to enforce state marijuana prohibition whenever it feels like regardless of federal Laws.

This means the U.S. Attorney General Mr. Jeff Sessions who’s been against decriminalization for a long time would get a lawful go-ahead ( for the first time since he assumed office in Feb)  to order the Drug Enforcement Administration (DEA) and state prosecutors to conduct a crack down on medical pot patients and dispensary owners.

According to the Department of Justice, all DEA agents are “excepted” from vacation because they play a significant role in counternarcotics investigations. The Justice Department’s Government shutdown contingency plan insists that DEA investigations should carry on uninterrupted to ensure ongoing cases remain uncompromised and the safety and well-being of Americans is not put at risk.

And the same applies for state prosecutors. The shutdown plan points out that as appointees of the President, U.S. Attorneys are also “excepted” from furlough. As a result, all employees that are not subject to rest should address urgent ongoing criminal and civil concerns throughout the country.

The medical marijuana budget proviso was first passed into law in 2014, and since then, it has been extended for every successive budget year. In May 2017, Mr. Sessions wrote to congress leaders requesting them not to carry on with the medical pot rider to next year.  In his letter, the Attorney general stressed the need to allow the Justice Department the green light to use all applicable federal laws to fight dangerous drug organizations and traffickers who endanger the lives of innocent American citizens.

Wrapping Up

These heated debates are enough proof that the government shutdown which is now set to occur could leave medical marijuana dealers in the hands of cruel law enforcers.

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Michigan – Gov. Rick Snyder Issues Rules Ahead of Michigan Marijuana Licensing

STANLEY BROTHERS GROW FARMLately, there have been question marks surrounding the Michigan marijuana industry particularly regarding the rules and regulations of operation. On Monday, Gov. Rick Snyder read out rules controlling medical pot businesses two weeks ahead of the start of their review and licensing program under these new laws.

These emergency rules are to stay in effect for about six months until the state settles on the final set of laws. Some of the aspects they regulated include; advertisements, security requirements and the amount of capital one needs to legally venture into different activities i.e. growing, processing, testing, transporting or selling pot.

Previously, the state had given direction on key issues like the fate of already existing marijuana dispensaries operating as legal business, ultimately allowing them to stay open while awaiting a state license in case they get approved by the local community. The Bureau of Medical Marijuana Regulation will start accepting applications from Dec. 15.

Key Revised and New Laws

Andrew Brisbo, the director Bureau of Medical Marijuana Regulation stated that regulators only made a few tweaks and additions to strengthen weak points but remained consistent with the already existing rules.

Some of the key features are;

  • The advertisement of marijuana and related products is forbidden if noticeable by the public from any footway, street, or any other public area.
  • All license seekers must demonstrate capitalization depending on their type of business. (Capital ranges from $150,000 to $500,000).
  • No less than 25% of the capital must be in form of liquid assets i.e. pot inventory, cash or investments.
  • No more than 72 plants or 15 ounces of weed may be used to acquire the necessary capital.
  • The cost of applying for a license is $6,000.
  • In cases of theft or property loss, the License holder must alert the DLRA, state police and local authorities within 24 hours.
  • Violating these rules may bring upon you a $5,000 fine or a $10,000 fine on your business. Or sometimes an equal of your daily gross earnings.

If you’re planning to put up your own dispensary in Michigan, consider going through a copy of the new rules to avoid problems with the authorities and hefty fines. The ones listed above are only a few of the 51 rules.

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Recreational Marijuana Continues to Thrive Over the Medical Industry

Recreational MarijuanaIt seems like medical marijuana cards are no longer the key to purchasing and enjoying weed in Oregon.

The recreational marijuana industry is taking over rendering the cards less valuable compared to the past when they meant everything. These days they only matter as “discount cards” but are not necessarily a requirement for buying and possessing pot. The advantage with a medical marijuana card is that it saves you the hefty state and local cannabis taxes charged on recreational marijuana. As a result, medical weed dealers are experiencing a drop in their daily sales.

According to Sam Elkington of Track Town Collective, a dispensary in Glenwood, the sales had plummeted to as low as $58 on Monday afternoon— the main reason Elkington is unable to employ other staff at the store. He added that of all potential buyers that walk into his small store, only 3 to 4 come for medical marijuana, the other 15 to 20 are potheads looking for recreational pot which the law still prohibits him from selling.

And as a smart entrepreneur, Elkington is willing to embrace the evolution of the cannabis market in Oregon. That’s why he plans to switch from the medical marijuana business to the currently booming recreational pot industry. This would mean cancelling his status as a medical cannabis dispensary with the Oregon Health Authority and applying with the Oregon Liquor Control Commission as recreational weed seller.

More medical pot dealers to go Recreational

Nowadays, Medical pot cardholders have the freedom to buy marijuana either at a medical store or at a recreational shop. This has worsened the playing field for medical marijuana dealers and rendered them financially indefensible.

It’s no wonder 5 out of the 21 medical pot license holders have given notice to the state on their plan to give up medical marijuana licenses and apply as recreational weed sellers with the OLCC. According to Jonathan Modie, Spokesman at Oregon Health Authority, only four license holders showed signs of staying put as medical marijuana dealers.

Wrapping Up

The recreational cannabis industry has always been a gold mine back from the days when it was underground. And now that it has been decriminalized (in some states) we expect to see significant changes in the market.

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