Last week, California's Bureau of Cannabis Control announced that it is accepting applications for grant funding authorized by the California Cannabis Equity Act of 2018 (Equity Act), established by Senate Bill 1294. The Bureau was appropriated $10 million to award to cities and counties assisting equity applicants and licensees through their local equity programs focusing … Continue reading Bureau of Cannabis Control: Accepting Local Equity Grant Funding Applications
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.
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 … Continue reading Week in Review: Cannabis Industry Extinction Events, Lead Contamination, Equity Programs and USDA Hemp Regulation Feedback Session