If you are interested in applying for a commercial cannabis license in the City of Los Angeles, participating in Phase III of the City’s commercial cannabis licensing program is now your only option. As Phase II came to an end on September 14th, general applicants are anxiously waiting for the City to announce when Phase III will start. The City
The City of Los Angeles anticipates opening up Phase II of its cannabis licensing process on August 1, 2018. To prepare potential applicants for the application process, the City released a set of guidelines that applicants can use to help establish eligibility for licensure. The document issued by the City is called Guidelines to Establish Eligibility Pursuant to LAMC Section
California cannabis licensees face a lot of risks, from business competition to regulatory uncertainty, to unforeseen disasters and lawsuits of all types. Cannabis companies can act to protect themselves from certain risk by obtaining specific types of insurance. State-Mandated Insurance Requirements for Cannabis Businesses While the state’s governing statute for commercial cannabis activity, MAUCRSA, does not require cannabis companies to
Over the past few months, many cannabis collectives organized as non-profit mutual benefit corporations under prior law, such as the 2004 Medical Marijuana Program Act, have asked us to help them convert into for-profit general share corporations (C Corps.). This isn’t surprising because the laws have changed and because cannabis operators wanting to attract new-money investors are learning fast that
As the cannabis community is well aware by now, the regulations released by the various agencies regulating commercial cannabis businesses are vast and detailed. While the regulations are publicly available on the CalCannabis, Office of Manufactured Cannabis Safety, and Bureau of Cannabis Control websites, some of the operating requirements for cannabis operators are still somewhat vague. When it comes to
Though the Bureau of Cannabis Control’s Regulations do not mention any restriction of on-site cannabis consumption, the text of the Medicinal and Adult Use of Cannabis Regulation and Safety Act (MAUCRSA) does. MAUCRSA states that “a local jurisdiction may allow for the smoking, vaporizing, and ingesting of cannabis or cannabis products on the premises of a retailer or microbusiness …
A practical guide to establishing valuation Over the last 12 months one of the most frequent questions we get at Bowman/Hanson is; why are the Canadian companies valued so high? The follow up question is “since there are very few industry “comps”, isn’t it reasonable to apply Canadian valuations to my US cannabis business?” This document is designed to shed
On March 23, 2018, the California Department of Public Health’s Manufactured Cannabis Safety Branch released proposed emergency regulations that would allow cannabis manufacturers to utilize “shared-use facilities”. The emergency regulations for “shared-use facilities” were expected to be filed with the Office of Administrative Law on April 3, 2018 and are expected to take effect on April 13, 2018. If approved, “shared-use
On March 20, 2018 the Lake County Board of Supervisors adopted a commercial cannabis cultivation ordinance. The ordinance goes into effect on April 19, 2018. Please find a copy of the ordinance here. Lake County is currently accepting applications in a pre-application phase, and will administer permits for both adult use and medical use cannabis cultivation permits, for both indoor and outdoor
The City of Santa Rosa’s Comprehensive Cannabis Ordinance passed unanimously on December 19, 2017 and goes into effect this Friday, January 19, 2018. Santa Rosa Cannabis Ordinance Highlights The City will now permit both adult use and medical use cannabis businesses and will consider applications that include on-site cannabis consumption and special events. Santa Rosa will accept permit applications for the
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