Here’s a quick rundown of the top cannabis related news stories for this week. California has $317 million in cannabis revenue in 2018-19 This week, the non-partisan Legislative Analysts Office (LAO) reported that California collected an estimated $317 million in cannabis revenue in fiscal year 2018-19. The number exceeds the LAO's estimate in May that … Continue reading Week in Review: California Cannabis Tax Revenue Update | Weedmaps | And More…
California lawmakers are headed back to Sacramento this week to work on bills that are still alive this session. The fate of some of the most-watched bills I covered in March have already been decided: AB 286, the measure to lower the cannabis tax rate, was held in the Assembly Appropriations Committee. Another bill, AB … Continue reading California Report: Cannabis Related Bills to Watch as the Legislature Reconvenes
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
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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 … Continue reading Governor Signs Two Bills to Expand Where Cannabis Events Can Be Held and to Provide Equity and Diversity in the Industry
Last week, Congress passed and the President signed a $1.3 trillion spending package that will keep the government funded through the end of September. The deal included increased spending for the military, space exploration, and opioid addiction and research programs. The spending plan also included a provision, commonly known as the Rohrabacher-Blumenauer Amendment (RBA) that prohibits … Continue reading Is the Rohrabacher–Blumenauer Amendment the new “Cole Memo”?