Press Release: UA Multimedia Appoints New Chief Executive Officer to Lead New Growth Phase
Following the recent launch of the cannabis classified ads portal MJCircle.com, Mr. Klein will embark to strategically position the Company to fully capitalize on the expected market expansion as California enter a new phase of cannabis legalization early next year. Mr. Pham will remain as the Company’s director and advisor.
Mr. Klein has been involved in the Southern California business community for over twenty years. He has extensive business consulting, sales and insurance experience as well as a diverse background in the medical cannabis industry.
UA Multimedia will remain as a solution provider for cannabis ancillary products and services with an emphasis on technology. Its recently launched platform MJCircle.com serves as a venue allowing all businesses and individuals to advertise their products and services as well as posting jobs related to the medical and recreational cannabis markets. Set up similar to Craigslist, the portal is a central location for everyone to post jobs, items for sale, services offered or upcoming events.
The Company is working on the final phase of its second website, Cannaxa.com, which will function as a B2B platform allowing companies to efficiently conduct business with one another. Cannaxa.com is slated to be launched sometime next week.
The Company encountered some minor regulatory issues with its business model for CannaMedi.com website and had decided to delay its launch until proper adjustments are made. The changes will allow the Company to offer a solution with enhanced monetization capabilities.
“The recent realignment of the Company has positioned UA Multimedia well to capitalize on the anticipated rapid growth of the industry. With his experience, Mr. Klein will be instrumental in taking the Company to the next level. We are excited to have him as part of the management team,” commented Thu Pham, former interim CEO.
“The team at UA Multimedia has done a great job in positioning the Company to date. The prospect for the Company in 2018 is very exciting and I look forward to be part of this growth phase,” stated Lou Klein, Chief Executive Officer.
About UA Multimedia, Inc.
UA Multimedia, Inc., a former media company, has entered the cannabis market with its offering of indoor horticulture products and cannabis classified portal mjcircle.com. Additional industry related products and services are forth coming through the websites, cannaxa.com and cannamedi.com.
Company website: http://www.uammedia.com
Cannabis classified website: http://www.mjcircle.com
Facebook: https://www.facebook.com/uammedia, https://www.facebook.com/cannaxa, https://www.facebook.com/cannamedi
Forbes Article: California Cannabis Retail Market Revealed: Big Data Tells All
For 20 years, California has been allowing the legal sale of medical marijuana in an unregulated environment and that will change in January 2018. State and local officials are now facing the challenge of bringing in line all of the players that have operated without any rules or consequences of breaking those rules. So far this year, prices for marijuana in the state have been steadily climbing, which is great for growers – not so much for customers.
According to BDS Analytics, Californians spend most of their cannabis dollars on the traditional form of marijuana buds called flower by the industry. Flower sales account for 55% of the cannabis market in the state and that translated to $375 million in just the second quarter of 2017. The BDS report said, “Flower is a term about as descriptive as “wine” — just as wine can mean Syrah, Cremant du Jura, port and thousands of other things, “flower,” too, is broken down into thousands of strains.” BDS Analytics also tracks sales of 13,000 uniquely named strains, with more getting added every month.
Wendel Rosen Law Firm Blog: State Announces Temporary Cannabis Licenses
California cannabis operators in compliance with local regulations will be eligible to obtain a temporary permit in January under a new program recently unveiled by the State Bureau of Cannabis Control.
According to the Bureau, temporary license applications will be available in December 2017 and will be issued as early as January 2018. Among details not provided by the Bureau is the reasoning behind the temporary permits. It is generally understood that the motivation is to try to minimize the backlog hat will likely occur when license applications are issued on or after January 1, 2018, the Bureau’s longstanding application release target date.
Link above for full article
BRENTWOOD — Brentwood has joined Contra Costa County and two of the four other major East County cities in prohibiting the outdoor cultivation, delivery and sale of marijuana.
On Tuesday night, the city council briefly debate the ordinance that was recommended by the city’s Land Use Subcommittee and passed it. The ordinance will ban all medical and non-medical marijuana facilities and will also continue the ban on deliveries.
Cities cannot stop people from growing up to six marijuana plants within their own residence.
L.A. marijuana businesses unhappy with draft rules, but talks continue
Newly released draft regulations that would govern Los Angeles’ licensed marijuana industry starting next year immediately created a firestorm among stakeholders, with some fearing they could force many companies to set up shop in other parts of the state.
But according to industry insiders, negotiations with city officials are ongoing.
“Is there room to negotiate? Yes, there absolutely is. We’re going into city hall in the next hour to continue the dialogue,” Adam Spiker, the executive director of the Southern California Coalition (SCC), said Tuesday afternoon.
Marin lawyers line up for cannabis seminar
Two legal experts on the dizzying array of changes underway in California cannabis laws briefed a sold-out audience at a Marin County Bar Association luncheon Wednesday.
More than 70 people attended the event, which was held at the Four Points Sheraton.
“People are shocked to figure out that California still does not have a statewide regulatory licensing regime,” said Habib Bentaleb, an attorney at Harris Bricken in San Francisco. “I can tell attorneys interested in getting into the field the hardest part is staying informed. You’re looking at 58 counties and 482 municipalities. They all have their own regulations.”
San Francisco Still Finalizing City’s Cannabis Regulatory Environment
San Francisco city officials are preparing to approve new regulations and permit requirements for the budding marijuana industry as the state moves toward fully legalizing adult cannabis use, but the plans remain very much a work in progress.
Supervisor Jeff Sheehy Tuesday introduced legislation spelling out proposed regulations and permitting requirements for cannabis businesses including recreational retailers, medical dispensaries and growers.
The city is moving to establish the regulations following the approval last year of Prop. 64, which legalized recreational marijuana use in California. The regulations need to be in place before Jan. 1 when full legalization takes effect, officials have said.
The proposed legislation covers permits for non-retail uses such as cultivation, extends permits for existing medical cannabis dispensaries and provides clear and detailed guidance to those in the industry.
However Sheehy, an advocate for medical marijuana, cautioned that the proposed legislation, developed by the mayor’s office and city staff members, “needs more work” and would require an extensive public process before it could be approved.
San Francisco’s Recreational Cannabis Sales Could Be Delayed Due To New Legislation
SAN MATEO COUNTY
Local governments draft commercial cannabis ordinances , State to accept license applications in new year
San Mateo County officials expect to have an ordinance drafted within the next few weeks that would guide policies in unincorporated areas. The city of Half Moon Bay is considering an ordinance for its jurisdiction as well.
Yolo County seizes $5 million worth of marijuana
Yolo County officials say they have confiscated more than $5 million worth of illegally grown marijuana in a case that has similarities to other recent suburban pot busts.
Sheriff’s deputies removed 2,227 plants and 41 harvested pounds of marijuana during a Sept. 19 raid on a property in the 7000 block of Highway 16, the Sheriff’s Office said in a news release.