The Silicon Valley Voice
August 27, 2020
Hirsh Jain said despite Santa Clara’s banning of commercial marijuana, state regulations are likely to become more relaxed, bolstering revenue. Concerns about an increase in illicit marijuana sales are unfounded, he said, adding that customers do not mind paying a bit extra to ensure a product is legal and safe. “The citizens have clearly supported this,” Jain said. “It is a great avenue of tax revenue … cities that do not want to allow it are basically playing a game of whack-a-mole. The best way to alleviate an illicit market is to legalize it.”
MJ Biz Daily
April 8, 2020
On top of that, industry activists have persuaded two state lawmakers and five San Jose City Council members to write to the Santa Clara County health department urging a reversal of the delivery-only policy for recreational marijuana retailers, according to Hirsh Jain
Silicon Valley Business Journal
April 3, 2020
Hirsh Jain said in a statement that the county's order "states that only 'medical cannabis' can be purchased at dispensaries, it does not define what a 'medical cannabis' purchase is ... Ultimately, there is no way for a dispensary to know whether an individual is a 'medical customer' other than by asking them whether the purpose of their purchase is 'medical' in nature."
Los Angeles Times
November 18, 2020
In the Nov. 3 election, voters in 19 cities authorized retail cannabis sales or established a retail tax frameworks to allow their city councils to pass a cannabis ordinance, according to Hirsh Jain
San Francisco Chronicle
November 4, 2020
Caliva, a California cannabis shop and delivery service, saw online transactions increase by 7% and the units-per-purchase increase by 10% both the day before and the day of the election, said Hirsh Jain. “Revenue was 14% higher than it was for a typical Tuesday.”
Cannabis Dispensary Magazine
November 19, 2020
“These fines are too high,” Jain said. “The punitive policies of the War on Drugs destroyed millions of families over several decades. We should not be engaging in a War on Drugs 2.0. There are more effective ways of encouraging people to purchase cannabis legally than criminalizing minor possession.”
San Jose Mercury News
April 6, 2020
Hirsh Jain called the lack of clarity “unfortunate”, adding that it “puts both dispensaries and those that rely on them for their medicine in a difficult position.” The county’s order states that only “medical cannabis” can be purchased in-store, but does not define what a “medical cannabis” purchase is.
MJ Biz Daily
November 5, 2020
Some of the best opportunities will be in retail. Hirsh Jain noted that only about one-fifth of California’s cities have authorized retail marijuana shops but more are taking action as evidenced by Tuesday’s election. California has roughly 700 marijuana retailers, but it should have 4,000 or 5,000, he said. The process to open a store in the state currently can take a few years, but Jain said he expects that time frame to decrease to 12-18 months.
MJ Biz Daily
August 7, 2020
Jain estimates those measure could result in as many as 150 new business permits being made available to the industry. “You could credibly say 100 or 150 licenses will result … within months of these passing,” Jain said, noting the election could have a “staggering impact” on the legal industry, including roughly 50 retail permits that could be awarded.
MJ Biz Daily
November 6, 2020
Hirsh Jain said he stands by a prediction he made in August that together the measures could result in 100-150 new retail licenses as well as permits for cultivation, manufacturing and other plant-touching business types ... Jain noted there are only about 700 storefront retailers across California, adding, “These cities themselves will account for an additional 20% of the total” number of shops.