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California

Marijuana Retail Report

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Marijuana Retail Report

California

Marijuana Retail Report

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Marijuana Retail Report



“…we are focused on strengthening this legal market…”

4/20 is the much-loved Marijuana Culture Day, a topic California is very familiar with.

And, probably not coincidentally, California Governor Gavin Newsom published a statement on Monday, highlighting the Golden State’s cannabis industry and a decade of posthumous achievements Proposition 64which legalized the personal use and cultivation of marijuana for adults 21 years of age and older, reduced criminal penalties for certain marijuana-related offenses, and authorized the reinstatement or expungement and sealing of prior, relevant marijuana-related convictions.

“California has cleaned up the paperwork, seized the illegal product, and created a legal market that works,” Newsom said in a statement. “While our work continues, we are focused on strengthening this legal market so that it can compete and succeed.”

To read the rest of this article on KTLA, Click here

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Marijuana Retail Report

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Nabis has grown from an apartment to the largest distributor in the state

Tucked away among irrigation canals and orchards, a nondescript Central Valley building is home to what is likely the largest collection of cannabis ever assembled. Inside, there is a constant buzz of activity as dozens of workers in reflective jackets unload semi-trucks filled with cannabis and move box carts back and forth across the warehouse floor. It’s like someone took a Costco and swapped the toilet paper pallets for millions of joints, vapes, and cannabis flowers, all packaged and ready to go.

This is a shelter for Nabi, California’s Largest Distributorthrough which 30% of the legal market passes on its way from pot farms to retail. You’ve probably never heard of the company, but if you’ve bought legal marijuana in California, there’s a good chance Nabi has touched it.

While thousands of cannabis companies are dying in California a spectacular collapse of the state’s previous largest distributorNabis has quietly grown into one of the biggest winners in the California cannabis market. The company makes about $100 million a year and is profitable — a rare feat in the world of legal cannabis margins — and recently became the largest distributor in New York. according to CEO Vince Nino.

To read the rest of this article on SF Gate, Click here

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Marijuana Retail Report

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