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 … Continue reading Cannabis Related Issues to Be Considered by the California State Legislature in 2019
This week, the Democrat staff of the Congressional Joint Economic Committee issued a short report highlighting the economic benefits of the national cannabis economy. The report highlights what many in the industry and public already know - support for the legalization of adult-use is at an all-time high across the country. While over 30 states … Continue reading What Is The Economic and Social Impact of the Federal Ban on Cannabis? Congressional Democrats Release Short Report Describing the Barriers and Opportunities
Upcoming at the State Capitol Senate Floor Schedule The Senate will be in session on July 5, at noon. The Senate goes on Summer recess July 6 and will return on Monday, August 6. Assembly Floor Schedule The Assembly will be in session on July 5, at noon. The Senate goes on Summer recess July … Continue reading Legislative Update – July 4, 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 … Continue reading Legislative Alert – Results from the Assembly and Senate Appropriations Suspense File Hearing – May 25, 2018
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 … Continue reading The Top 5 Cannabis Related Bills Currently in the California Legislature
A proposed November ballot initiative currently in the signature gathering phase could push many local governments further towards the prohibition of cannabis business activities in their area. The Tax Fairness, Transparency and Accountability Act of 2018 would require all local fees and taxes to be approved by a two-thirds vote. The initiative, sponsored by the … Continue reading Would a Local Supermajority Vote Requirement For Fees and Taxes Hurt the Promise of California’s Statewide Legal Cannabis System?
On Tuesday, the Sacramento Bee reported that in the first few months of legalized adult-use, gross retail sales of cannabis is about 13% or $44 million lower than original state estimates. While this may seem disconcerting to some, there are several key caveats to the data. First, licensing agencies are currently in the process of … Continue reading How Has California’s Legal Cannabis Market Performed in the First Quarter of 2018?