Cannabis.ca.gov is the secretary of state’s official website on how to start a cannabis business.
Three state agencies are overseeing the industry:
n Bureau of Cannabis Control licenses testing labs, distributors and retailers, part of the Department of
Consumer Affairs.
n CalCannabis licenses growers, part of the Department of Food and Agriculture.
n Manufactured Cannabis Safety Branch licenses manufacturers, such as makers of edible products, part of the Department of Public Health
Prominent OC-Based Cannabis Firms
Kush Bottles Inc. (OTC: KSHB)
Santa Ana
FY17 Revenue: $18.8 million,
up 98% year-over-year
Stock Price: $3.77, up 138% from October
Market Cap: $227 million
CEO: Nicholas Kovacevich
GreenGro Technologies Inc.
(OTC: GRNH)
Anaheim
2016 Revenue: $919,000, up 61% year-over-year
Stock Price: 6 cents, up 33% from October
Market Cap: $22 million
CEO: James Hass Jr.
Terra Tech Corp. (OTC: TRTC)
Irvine
2016 Revenue: $25.3 million,
up 154% year-over-year
Stock Price: 30 cents, up 43% from October
Market Cap: $235 million
CEO: Derek Peterson
Weedmaps Media Inc.
Irvine
The website is considered the Yelp of marijuana
review sites; it describes local cannabis cooperatives and storefronts. It has 1.68 million monthly visitors and $1.5 million monthly revenue,
according to VentureBeat last year.
