Nancy Skinner, D-Berkeley, announced the introduction of new legislation on Friday designed to expand California’s legal cannabis market. As a result, the Legislative Analyst’s Office estimates that legal cannabis businesses operate today in less than one-third of jurisdictions statewide. Prop 64 was designed to replace California’s huge underground cannabis market with an above-ground legal one that ensures the production and sale of safe, regulated cannabis. By contrast, the legal market was worth only about $3.3 billion, according to state estimates. SB 398 is also designed to boost cannabis tax revenues, which have been a disappointment so far.
February 14, 2021 – State Sen. Nancy Skinner, D-Berkeley, announced the introduction of new legislation on Friday designed to expand California’s legal cannabis market. Currently,
many cities and counties have no legal cannabis businesses operating in their jurisdictions because those local governments don’t have the resources or wherewithal to manage the licensing and regulations required by state law. SB 398 would allow cities and counties to opt in to a state program that will manage...
Read the full article @ Cannabis Law Report