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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Weekly Roundup – May 11, 2018

Tax revenues collected by the state in the first quarter of FY 2018 are far below January estimates A bill to temporarily suspend the cannabis cultivation tax and reduce the excise tax passes its second legislative committee A New York based medical marijuana manufacturer expands its presence into California The Bureau of Cannabis Control Cannabis …

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The Top 5 Cannabis Related Bills Currently in the California Legislature

In the 2018 California Legislative Session, at least 40 bills have been introduced that are cannabis related. Here are the top five bills that are currently being tracked by the industry. Temporary Events AB 2020 (Quirk) expands where cannabis events could be held, as long as the local governing entity approves. Current law limits cannabis events …

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Legislative Alert – April 2, 2018

  As the California Legislature returns from Spring Recess, policy committees will begin hearing bills to meet the April 27, deadline to report all bills with a fiscal impact to the Appropriations Committee. Here's a list of bills that have been scheduled for a hearing over the next few weeks. AB 1741 (Bonta) Cannabis: taxation: …

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Would a California State-Chartered Banking System Solve the Industry’s Cash Crisis?

Recently, SB 930 (Hertzberg), was amended to created a state-chartered banking system in California that would allow banks to offer basic services to cannabis businesses. Under the bill, banks that are not a part of the federal banking network would be allowed to apply for a license through the Department of Business Oversight. This license …

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Weekly Roundup – March 23, 2018

Happy Friday! Welcome to the Weekly Roundup. Here I highlight some of the key pieces of legislation, regulatory changes, industry updates, and anything else I find interesting from the past week. Enjoy! A temporary solution to the banking crisis? One of the more important and interesting pieces of legislation to emerge this year is SB …

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Is the Price of Legal Cannabis Too High in California? These Legislators Think So.

It has been about ten weeks since the recreational use of marijuana became legal in California, and a group of key lawmakers think it's time to lower the tax rates imposed by Proposition 64. AB 3157, which was recently amended, would temporarily halt the $150 per pound cultivation tax, and reduce the state's excise tax …

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