California Cannabis Regulations: Navigating The Turbulent Waters
This article was originally written for Viridian Sciences, developers of cannabis seed-to-sale and ERP software. The original article can be found here: California Cannabis Regulations: Navigating The Turbulent Waters
Cannabis businesses in California are subject to one of the most strict bodies of cannabis regulations in the world. And because regulations here have been in a state of perpetual flux for many years, navigating the state’s regulatory waters can be treacherous for both veterans and newcomers alike.
The current status of California cannabis regulations as of the time of writing is that they are in a purgatory between initially instituted “emergency regulations” and promised permanent regulations. A set of proposed regulations are outlined in this 160-page PDF document published by the California Bureau of Cannabis Control, however, they have yet to receive final approval.
For quite some time now detractors of the BCC’s approach to regulation have warned that over-regulation and high taxes would strangle many of the small businesses that attempt to play by the rules while making it difficult for them to compete with black market sources.
That prediction proved true when it was recently announced that the state actually sold about $500 million less marijuana in 2018 with a recreational market in place than was sold in 2017 when only medical cannabis was permitted. And the amount of taxes collected by the state are projected to come in at less than half what officials expected.
And matters seem to be getting worse, not better.
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