Marijuana dispensaries across California are having a fire sale of sorts. With the Golden State’s new legal cannabis regulations taking effect July 1, retail shops selling edibles and other pot products are cutting prices to move old non-compliant inventory.
While Canada’s licensed cannabis producers are in a frenzy of deal-making, jockeying to take control of rivals and massive greenhouses ahead of legalization, cannabis entrepreneurs like Kelly Coulter are operating at a different pace.
A few months after California legalized recreational use of marijuana, the Desert Hot Springs Inn in the Coachella Valley began advertising itself as cannabis friendly — a place where guests can smoke by the pool or heat up a vaporizer in the rooms.
Canada’s marijuana companies are becoming known for developing best practices for a nascent industry that, if they do it right, could leave them well-positioned to dominate around the globe