Julian Crocker introduced our speaker, Brandi Moody, telling us that she has worked in Wine & Spirits, Hospitality, the Cannabis Industry and as a Market Research Consultant.
Brandi began by telling us that the legalization of cannabis was a long time coming. In 1996, Prop 215, otherwise known as Medical Use of Marijuana Initiative or the Compassionate Use Act, was approved.

It was not until 2016 Prop 64, The Control, Regulate and Tax Adult Use of Marijuana Act, was approved by voters. Prop 64 permits adults 21 years of age and over to possess and grow specified amounts of marijuana for recreational use. Brandi told us about some of the regulations tied to this proposition:

  • A license is required to grow or sell cannabis.

  • All cannabis must be in a child resistant package.

  • Advertising on tv, radio or billboards is not allowed.

  • Packaging cannot have cartoon characters or any other images that might appeal to children.

  • Up to 6 plants can be grown on private property.

  • There is a 15% tax on sales and that can be in addition to other cannabis tax, sales tax. In San Jose the taxes

    imposed on cannabis total 40%

    What to know about Cannabis:

  • Cannabis and hemp are cousins but hemp does not contain the beneficial components of cannabis.

  • Hemp is imported and not tested.

  • THC, or tetrahydrocannabinol, is the chemical responsible for most of marijuana's psychological effects.

  • CBD stands for cannabidiol. It is the second most prevalent of the active ingredients of cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, which is a cousin of the marijuana plant. While CBD is a component of marijuana (one of hundreds), by itself it does not cause a “high.”

    Thank you Brandi for such an interesting and informative presentation.