Investors At CannaBrunch Are Avoiding California And Colorado
Several themes emerged from this week’s meeting of the cannabis financial minds at the CannaBrunch yearly event. One thing that these investors agreed upon was that investing in Colorado or California was out. What these cannabis investors wanted were emerging states.
I’m staying out of Colorado and California because there’s too much competition. I prefer a limited environment like Pennsylvania,” said Ryan Ansin of Ansin Investments an early stage investor. Ansin echoed what others were saying with regards to the crowded fields of these states and the higher valuations on companies. Many preferred states like Illinois and Pennsylvania because there were fewer licenses and a better chance for cannabis businesses to be profitable.
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SantaCruz Senitel Article: Legal marijuana likely to wait in most of California
Memo to all you Golden State tokers: Your dreams of buying recreational pot in California after New Year’s Day are hazy at best.
It’s become clear in recent weeks that most cities around the Bay Area, as well as the rest of the state, will not be ready to permit recreational cannabis sales early next year when a proposition legalizing pot use goes live. That will leave only a few scattered exceptions — likely including Emeryville and Santa Cruz — where officials expect to be ready for recreational sales by the first of January.
SACRAMENTO – The Bureau of Cannabis Control (Bureau) today announced plans to host three public licensing workshops.
The workshops will focus on what licensing information is needed and what resources are available for people planning to apply for state commercial cannabis licenses.
The Bureau will be joined by other state and local agencies at each workshop including the California Department of Public Health (CDPH), California Department of Food and Agriculture (CDFA) and California Department of Tax and Fee Administration (CDTFA).
The three public licensing workshops will take place in Los Angeles on October 12, Riverside on October 13 and Sacramento on October 17 from 10:00 am to 1:00 pm. The workshop schedule will include a brief overview and then transition to an open house where people can obtain information from and ask questions of different state and local agencies.
For additional information about the upcoming public licensing workshop series, or to subscribe to email alerts to hear about updates as they become available, please visit our website – http://www.bcc.ca.gov/.
For information on all three licensing authorities, please visit the state’s cannabis web portal – cannabis.ca.gov. Follow the Bureau on Facebook, Twitter and Instagram for daily news and updates.