The municipalities of Grass Valley and Lemon Grove are set vote on legalization measures this week—apparently part of a wave of towns giving cannabis a second look in the wake of corona-related budget shortfalls.
The Union/San Diego Union-Tribune
- Following a month of behind-the-scenes administrative prep, Grass Valley’s city council on Tuesday evening approved a resolution to put on the November election ballot a motion, seeking to give the city power to tax cannabis businesses.
- A staff report said Lemon Grove could bring in $280,000 to $350,000 in tax revenue per cannabis business each year.
- The High Times sale will bring Harvest $61.5M in stock and cash, but it’s possible the deal’s logistic complexities may be the transaction’s most notable feature.
Phoenix Business Journal/MJ Biz Daily