This Week in Weed: California May Experience a Drought!

March 1, 2019 2 min read

Welcome to Green Entrepreneur’s video recap of the cannabis news you might have missed this week, hosted by our cannabis correspondent, Conrad Martin.

Cannabis got a boost on Valentine’s Day

Valentine’s Day was just two weeks ago and the data is in! Cannabis sales software firm, Flowhub, released stats indicating that cannabis sales jumped by 7% on the day of love. Kinda gives new context to giving the gift of “flowers” and “Candy”!

Related: Gift Ideas for Your High Tech Valentine

The Department of Defense isn’t invested…

If you’re a government employee working for the defense department, now may be a good time to cash in your cannabis stocks. The DoD has determined that owning pot stocks is considered involvement in drug-related activities. Ownership could cause the removal and prevention of certain security clearances.

Related: What Is Schedule I and Why Is Marijuana on the List, Anyway?

California may be in for a (weed) drought

California may need to brace for a legal weed shortage. Thousands of weed farms are operating on temporary licenses issued by the California Department of Food and Agriculture and the agency is having a hard time generating permanent licenses. Experts fear that consumers will be forced back to the black market to satisfy demand.

Related: California’s Pot Desert Problem

Be sure to keep up with all things cannabiz by checking out GreenEntrepreneur.com

If you missed the last episode, check it out here: Bodegas Want Bud!