California’s May Budget Revision Includes Additional Funds for Education, Enforcement and Equity

On Thursday, California Governor Gavin Newsom released a revision of his 2019-20 budget proposal and it includes additional funds for education, enforcement and equity programs in the cannabis industry. While the Governor makes significant investments in these areas, the actual amounts will depend on the actual cannabis tax receipts for the final two quarters of 2018-19.  Here's a breakdown of the items in the Governor's May Revision.

Week in Review: Cannabis Industry Extinction Events, Lead Contamination, Equity Programs and USDA Hemp Regulation Feedback Session

Here's a quick rundown of state, local and federal actions that we're following this week. Cannabis Extinction Events Is California's cannabis industry in danger of not one, but two "extinction events" in 2019? - Two weeks ago, the Senate Committee on Business, Professions and Economic Development heard a bill that would extend temporary cannabis licenses …

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Cannabis Related Issues to Be Considered by the California State Legislature in 2019

The first major deadline of the 2019 California legislative session has passed and almost 2,600 bills were introduced in the Legislature. While many of these bills are in “spot bill” form (bills containing intent language to serve as placeholders), advocates and stakeholders should have a fairly clear sense on the issues that the legislature will …

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Bill to Reduce California Cannabis Taxes Reintroduced in State Legislature

Last week, Assembly Bill 286 was introduced by Assembly Member Rob Bonta which would eliminate California's cannabis cultivation tax and reduce the excise tax from 15% to 11% through 2022. The measure is a reintroduction of a similar bill from last year, AB 3157, which would have also temporarily reduced California's cannabis tax rate. Supporters …

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California Governor Gavin Newsom’s First Budget Estimates $514 Million in Cannabis Tax Revenue and Includes Millions in Enforcement

On Thursday, Gavin Newsom released his first budget as California's Governor. The budget - totaled at $209 billion including special funds - estimates California's cannabis excise tax will generate $514 million in revenues for 2019-20. This estimate is significantly lower than the $630 million anticipated in last year's budget. Governor Newsom's budget includes $200 million …

Continue reading California Governor Gavin Newsom’s First Budget Estimates $514 Million in Cannabis Tax Revenue and Includes Millions in Enforcement

Governor Signs Two Bills to Expand Where Cannabis Events Can Be Held and to Provide Equity and Diversity in the Industry

On September 26, Governor Brown signed two bills of interest to the cannabis industry: AB 2020, which expands the locations where cannabis events can be held and SB 1294, which establishes a cannabis equity program to provide assistance to local equity programs throughout the State. Both bills go into effect January 1, 2019. Cannabis Events …

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Quick Guide to Pending California Cannabis Bills on Governor Jerry Brown’s Desk

In 2018, industry advocates and businesses witnessed a flurry of activity in the California State Legislature involving cannabis related legislation. By the end of April this year, over 40 different bills had been introduced and were weaving their way through the legislative process. While not all bills made it through the process, a substantial amount …

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California Cannabis Banking Bill Shelved for the Year and Other Legislative Highlights from the Appropriations Committee Hearings

Today, the Assembly and Senate Appropriations Committees met and decided the fate of hundreds of bills including several that directly impact the cannabis industry. Here's a run down of the most watched cannabis-related bills in the California State Legislature that were heard in one of today's hearings: Key Terms Held in Committee - this means …

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Legislative Alert – Results from the Assembly and Senate Appropriations Suspense File Hearing – May 25, 2018

Today, the California Assembly and Senate Appropriations Committees decided the fate of hundreds of bills in the current legislative cycle. The Appropriations Committee in general is considered a significant hurdle in the legislative process, and bills that are passed from these Committees live to fight another day. The bills that are held on the Suspense …

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