California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

Gov. Jerry Brown revealed a proposal last week to simplify statewide rules that govern medical and recreational marijuana sales and production, in anticipation of the launch of the recreational cannabis industry in California in 2018.

Gov. Jerry Brown revealed a proposal last week to simplify statewide rules that govern medical and recreational marijuana sales and production, in anticipation of the launch of the recreational cannabis industry in California in 2018.

A proposed, 15 percent tax on medical marijuana sales would push the government's take on retail pot in Los Angeles to more than one fourth of the advertised price.

The estimated value of marijuana is more than the top five leading cash farm receipts for commodities in California combined.

Los Angeles County voters will decide this fall whether to tax marijuana businesses to help pay for housing and health services for the homeless.

Los Angeles County voters will decide this fall whether to tax marijuana businesses to help pay for housing and health services for the homeless.

This year marked a turning point for marijuana, both as a cultural movement and as an industry.

Bruce Kennedy ~ WeedWorthy ~

Experts say legal cannabis companies have to keep meticulous records if they don’t want to run afoul of federal, state and community tax officials.

As the first city in Southern California to legalize large-scale medical marijuana cultivation, Desert Hot Springs has been inundated by marijuana growers and developers.

In some ways, the Emerald Exchange is like other farmer’s markets one might find in L.A.’s more upscale and bohemian neighborhoods.