Marijuana Business Magazine July 2019

Marijuana Business Magazine | July 2019 30 Industry Developments | United States Arkansas Medical marijuana patients purchased 52 pounds of cannabis in nearly 5,000 transactions during the first week dispensaries were open. Pretax receipts were estimated at $353,802. Scott Hardin, a spokesman for the Arkansas Department of Finance and Administration, attributed the state’s strong first-week sales to patient interest in the program. Initial sales were restricted to dry flower, but state retailers will likely see a sales boost from infused edibles, concentrates and vape cartridges. The initial sales eclipsed those in Ohio, which has nearly four times the population. California The state Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept cash deposits from cannabis retailers. The 35-1 vote would allow banks to issue special checks to the retailers that could be used for purposes such as paying taxes or California-based vendors. State law­ makers also say such banking activity would make it easier for licensed cannabis retailers to pay taxes, which fell short of expectations in the first year after state legalization. The measure now moves to the California Assembly. Never worry about power again.  Proper generator, transfer switch, and fuel selection  Safe site location  Factory Warranty service  Testing and training for new client/user  Preventative maintenance  Certified electricians, technicians, and engineers  Industrial Engine Experts on staff Colorado Standby has been selling, servicing, and installing power generators for over 20 years! We handle the entire scope of the project from 10kW to 4mW!