California looks to build $7 billion legal pot economy

The future of California’s legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising “USA Home Grown” dangles from a wall. Here, in the outskirts of Sacramento, a handful of government workers face a daunting task: By next year, craft regulations and rules that will govern the state’s emerging legal pot market, from where and how plants can be grown to setting guidelines to track the buds from fields to stores.

Appeals court to decide future of California carbon auctions

Businesses looking to invalidate California’s fee for carbon pollution take their arguments to a state appeals court Tuesday in a case that could determine the future of one of California’s signature efforts to combat climate change. With a central piece of Gov. Jerry Brown’s legacy on the line, lawyers for the state and for environmental advocacy groups will defend a program that has been closely watched around the world as a potential model for controlling carbon emissions.

California revenue is growing. So why the talk of deficits?

California’s economy is expanding and voters just approved billions of dollars in tax increases, yet Gov. Jerry Brown this week projected a budget deficit for the first time in four years and called for spending cuts. The paradoxical budget picture is a result of revenue growing more slowly than economists had predicted after years of rapid increases from a hard-charging economy.

Gov. Brown plays small ball with budget

California Governor Jerry Brown is proposing an austere state budget for 2017-18, trying to rein in spending in the face of economic – or political – headwinds. That’s the deficit projected for the coming fiscal year, the first red ink in California since 2012-13.