In today’s newsletter, potency-based cannabis tax, litigation regarding cannabis delivery to localities that prohibit retail, San Joaquin County’s hefty fines, and more.
After negative reactions to the cannabis tax hike, the California Legislative Analyst’s Office is recommending an alternative, potency-based cannabis tax. Article here. Official report and fact sheet here.
The SAFE Banking Act appears unlikely to clear the Senate Banking Committee without significant compromise, based on an Idaho Senator’s opposition.
Ongoing litigation is threatening the burgeoning cannabis delivery market in localities that do not allow brick and mortar cannabis retailers and the industry at large.
The looming wave of bankruptcies highlights the lack of bankruptcy protection for cannabis businesses.
San Joaquin County is considering $1,000-per-plant fines for illegal grows.
Yet another labeling requirement for cannabis potentially coming in California.