Commercial Cannabis

Cannabis Business Updates at Both Federal Level and State Level

The Cannabis Industry got a big bump recently on the federal level with the passage of a bill in the House of Representatives that would allow banks to do business with cannabis related businesses. The Secure and Fair Enforcement Banking Act, known as the SAFE Banking Act, passed the House of Representatives on September 25, 2019 by a vote of 321 to 103. The bill would allow a “safe harbor” for financial institutions, as well as other ancillary businesses, that might conduct business with cannabis related companies.

Tags: 

No Temporary State Cannabis License? No Problem for a Provisional After Passage of SB 97

The way California is issuing state cannabis licenses is getting a makeover. Slow processing times for applications have dogged state cannabis regulators from approving the majority of applicants for state cannabis cultivation, retail, distribution, and manufacturing licenses. The time it takes the State to process annual applications can leave applicants out of compliance if temporary licenses expire while applicant’s annual licenses are still being processed. This has been a huge issue if you are in the middle of a growing season when your state temporary license expires.
 

Tags: 

Got a Provisional License from CDFA: Now What?

Back in September 27, 2018, Governor Jerry Brown signed Senate Bill 1459, which allows the California Department of Food and Agriculture (CDFA) to create a new “provisional” cannabis cultivation license as a bridge between temporary and annual cultivation licenses.

A provisional license acts in the same manner as an annual license, except it is not renewable, as required in Business and Professions Code section 26050.2, et. seq. (otherwise known as the Medicinal and Adult Use Cannabis Regulation and Safety Act).

Tags: 

Obtaining Provisional Licenses from the California Department of Food and Agriculture

On September 27, 2018 California Governor Jerry Brown signed Senate Bill 1459 which allows the California Department of Food and Agriculture ("CDFA") to issue “provisional” cannabis cultivation licenses as a bridge between temporary and annual cultivation licenses. Provisional licenses act in the same manner as annual licenses, except those licenses are not renewable.
 

Tags: 

California’s Legal Cannabis Market is Growing Up Fast

This year marks a new phase in the evolution of California’s regulated market for cannabis. As of January 1, 2019, the California Department of Food and Agriculture ("CDFA") no longer has the authority to grant provisional licenses for cannabis cultivation. Already-issued temporary licenses will be subject to an automatic extension of time for those who submitted applications for annual licenses on or before December 31.

Tags: 

Subscribe to Commercial Cannabis