Department of Cannabis Control files readoption of emergency regulations for equity fee waivers
The Department of Cannabis Control (DCC) has filed an action with the Office of Administrative Law (OAL) to readopt its emergency regulations, with amendments, implementing Senate Bill 166. The bill requires DCC to develop and implement a program to provide waivers for cannabis licensing fees, with at least 60 percent of the total amount of […]
KMPH: Tax cut for California pot industry: Too little, too late?
By: Michael R. Blood Source: https://kmph.com/news/local/tax-cut-for-california-pot-industry-too-little-too-late LOS ANGELES (AP) — California’s governor on Friday proposed a temporary tax cut for the state’s struggling legal marijuana industry, but businesses said it falls far short of what’s needed to revive a foundering pot economy. Broad legal sales began in California in 2018, but the industry has been […]
FOX2: When the smoke clears Bay Area dispensaries grapple with heavy taxes, crime
By Henry Lee Source: https://www.ktvu.com/news/when-the-smoke-clears-bay-area-dispensaries-grapple-with-heavy-taxes-crime OAKLAND, Calif. – The owner of an East Bay dispensary has mixed feelings about the 4/20 holiday, marijuana culture’s high holiday. Though Tucky Blunt, the owner of Blunts and Moore in East Oakland, admits, “it’s going to be a good day for us, for everybody in the Bay Area to […]
KRON4: Marijuana industry warns legal market could collapse
By Ashley Zavala, Jose Fabian Source: https://www.kron4.com/news/california/marijuana-industry-warns-legal-market-could-collapse/ SACRAMENTO, Calif. (KTXL) — While 4/20 is a notable day for marijuana businesses, industry leaders continue to warn California’s legal market could collapse. Marijuana growers and sellers said while Wednesday will be good for businesses, they’re at a tipping point with the state’s taxes and regulations. “It’s gotten […]
LOS ANGELES BUSINESS JOURNAL: Local Cannabis Dispensaries Fighting for Survival
By Howard Fine Source: https://labusinessjournal.com/special-reports/local-cannabis-dispensaries-fighting-for-survival/ When Proposition 64 passed in 2016 legalizing marijuana sales in California, Wilmington dispensary owner Javier Montes and hundreds of other cannabis retailers hoped for better times ahead. “We fought so hard to get us from the underground market and into the light,” said Montes, who is managing partner and owner […]
KCRW: CA cannabis is in sticky situation despite high hopes of Prop 64
By Mary Carreon Source: https://www.kcrw.com/news/shows/greater-la/weed-mlb-lgbtq-bar/ca-cannabis-legal-tax-regulation-prop-64 California grew millions of pounds of legal cannabis in 2021. But instead of harvesting that product to sell in dispensaries, many legal cultivators intentionally let tens of thousands of pot plants rot, while others set piles of their buds aflame. Spring would typically be the time farmers begin sowing seeds to harvest […]
L.A. TACO: Crime targeting LA Cannabis Dispensaries Hit All-Time High
By Hadley Tomicki Source: https://www.lataco.com/cannabis-dispensary-crime/ Robberies of L.A. cannabis dispensaries have hit an all-time high. And we’re not just talking about sheriff’s department deputies hitting money transport vans or Fed-enforced tax collector raids this time. Tapping an LAPD data set, Crosstown notes a rising trend in criminal acts reported by our legal cannabis retailers, including burglaries, stickups, and armed assaults. Noting […]
SACRAMENTO BEE: Curbside pickup for marijuana? California agency is poised to allow it indefinitely
By Andrew Sheeler Source: https://www.sacbee.com/news/california/california-weed/article259151993.html#storylink=cpy For two years, Californians have been able to pick up marijuana from their dispensaries via curbside delivery. Now, the state regulator that oversees cannabis is poised to extend that rule indefinitely. The Department of Cannabis Control recently announced several proposed regulations that would go into effect later this year if […]
California Department of Tax and Fee Administration Reports Cannabis Tax Revenues for the Fourth Quarter of 2021
Sacramento – The California Department of Tax and Fee Administration (CDTFA) reported cannabis revenue today for the fourth quarter of 2021. As of February 16, 2022, total cannabis tax revenue from fourth-quarter returns is $308.56 million. This includes California’s cannabis excise tax, which generated $157.37 million; the cultivation tax, which generated $38.98 million; and $112.21 million […]
COURTHOUSE NEWS: Tax relief planned for California’s legal pot industry
By: Nick Cahill Source: https://www.courthousenews.com/tax-relief-planned-for-californias-legal-pot-industry/ SACRAMENTO, Calif. (CN) — Coming to the aid of California’s legal marijuana growers and sellers, state Democrats are preparing to prescribe the struggling industry with an old-fashioned dose of tax relief. Weeks after cannabis business leaders gathered on the steps of the state Capitol and threatened a coordinated pullout of […]