The Ledger
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Hua: Legalization pushed medical cannabis patients into the illicit market
“The irony of legalization is that there's a lot of medical patients have gone and turned to the illicit market for their products.”
Hua: Proposed rules allow cannabis delivery into locally banned California cities
“And in that this iteration, there was a proposed reg on allowing delivery operators to deliver anywhere into the state, even in prohibited areas, which is in contention with the chiefs of police, the league of cities that California definitely prides itself on…”
Hua: California adult-use sales will hit $3B while medical collapses
“Last year we probably did three billion dollars in medical sales. This year we'll probably do as much of that in adult use sales and medical will be a fraction of that. Maybe, you know, half a billion if we get there.”
Hua: 67% of California lacks local regulations, blocking state cannabis permits
“33% of the state that has some form of local laws, and then 67% of the state that has no laws whatsoever. And because of that, you have this disconnect between state law where you can get your permits, but you can't get a permit unless you get your local permi…”
Hua: San Francisco requires a 30% social equity workforce for cannabis
“Within San Francisco. You're gonna need to hire 30% of your workforce from social equity people. You also, as a dispensary, may need to have a certain amount or certain percentage of your shelf space of products created and manufactured by people from social e…”
Hua: Meadow was the first cannabis startup to go through YC
“Which I think is an unfair advantage, but we were the first company to go through.”
Hua: California will remove the one-acre cannabis cultivation cap in 2023
“There is something that happens in twenty-twenty-three with the laws that allow that removes a one-acre cap.
you know, right now, if you're growing, you have a one-acre cap that you can grow in.
However, people have been doing stacking, so they get a bunch of…”