In our last bulletin, we laid out the California budget and how it modifies the cannabis regulatory landscape for all licensees. Today we are continuing our deep dive into the trailer bills, focused specifically on the concerns of equity applicants and licensees.
In September of 2018, the California Cannabis Equity Act of 2018 became law. The sponsor, Senator Bradford (D-Gardena), described the law as providing funding to local governments “to help ensure California’s cannabis industry is fair, inclusive and diverse.” The bill authorized local jurisdictions with local cannabis equity programs to apply for funding from a budget appropriation. The following year, AB 97 expanded the allowable grant purposes to include, among other things, helping a local jurisdiction create an equity program and funding direct technical assistance to local equity applicants and licensees. A few months later, SB 595 was signed.
Why might you apply for a new provisional license?
Do any of the above situations apply to you?
If so, you might need a provisional license. Here are the deadlines that local equity applicants need to know:
Virtual Psychedelic Medicine Symposium – Aug 28, Sept 11 & 25, 2021 • 9am-1pm PST
If you have any questions about how the above or would like to discuss how it could impact your business, please contact your attorney directly or call our main line at 877-257-2442.
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