Is your temporary cannabis business license about to expire? Today, California’s Bureau of Cannabis Control (BCC) and the Department of Public Health (DPH) sent a reminder that temporary licenses for cannabis event organizers, distributors, manufacturers, microbusinesses, retailers, and testing laboratories that were issued effective January 1, 2018, are set to expire at the end of April.
The law does allow for a temporary license to be extended for 90 days, but only if an application for an annual license has been submitted before the temporary license expires.
If your temporary license is about to expire, take the necessary steps now to ensure that you do not lose your ability to operate. A business that does not receive an extension or an annual license before their temporary license expires is not allowed to operate in the legal market.
One difference between the temporary and annual license application process is the requirement that a Live Scan fingerprinting be conducted for each person who qualifies as an “owner” of the business. An owner is defined as a person with an aggregate interest of 20% or more in a cannabis business and must have their fingerprints scanned an included in the application process.
This also serves as a great reminder to ensure those businesses in your supply chain are also fully licensed. One of the major threats to the long-term stability and success of your business is to have links in the supply chain that are not properly licensed, as the product supplied by these entities is considered “illegal” and subject to forfeiture by local and state authorities.