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
CalCannabis anticipates that it will start issuing state cannabis cultivation licenses — both temporary and annual — on January 1, 2018. Applications are not yet available, but will be soon. Before applying for a state cultivation license, there are two things you must do to ensure compliance with environmental regulations pertaining to water use and discharge: all cultivators — regardless
LA City Council Passed Cannabis Ordinance & Regulations on Dec. 6, 2017* First, here’s the Ordinance (Sec. 104) and the implementing Regulations. These two docs regulate cannabis businesses in LA. We’re beginning to digest these and will post commentary soon. In the mean time, everyone should start thinking about the Zoning Ordinance (Sec 105). Zoning determines whether your business can operate at a
California’s Proposition 65 is a law passed by voters in 1986. It requires businesses to provide a “clear and reasonable warning” when they expose consumers to chemicals known to cause cancer, birth defects, or other reproductive harm. Violating Prop 65’s warning requirement can lead to penalties as high as $2,500 per day. The Office of Environmental Health Hazard Assessment adopted
Cannabis cultivators must identify their water source(s) as part of their CalCannabis application(s) to obtain a state license. The deadline to submit an application to the State Water Resources Control Board (“Water Board”) to obtain a surface water right for cannabis cultivation is October 31, 2017. This deadline was extended from the original July 1, 2017 deadline in the Medicinal and Adult-Use Cannabis Regulation
On April 28, 2017, the California Department of Food and Agriculture released proposed regulations to establish cannabis cultivation licensing and a track-and-trace program. The proposed regulations define the cannabis cultivation licensing process and triggers a 45-day public comment period. The last day to submit written comment to the Department is June 12, 2017. However, those who wish to be heard can also attend
On April 28, 2017 the Bureau of Marijuana Control released its first set of proposed regulations. The release of regulations triggers the requirement for the Bureau to hold hearings at which the public can comment on the regulations. Those who wish to make oral comment on the proposed regulations may do so by attending one of the four scheduled hearings. Hearing details are listed below: June
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