Posted on 02/25/2019 1:56:42 PM PST by Oldeconomybuyer
The supply of legal cannabis in California promises to start drying up by spring unless a quick fix becomes law.
On Tuesday, Feb. 19, the California Legislature published Senate Bill 67, to keep cannabis farms open as they await permanent licensing.
Right now, thousands of farms operate under temporary licenses from the California Department of Food and Agriculture (CDFA). Those 6,924 temp licenses are expiring faster than the CDFA can issue permanent annual licenses. Those temp licenses also can’t be extended unless existing law is tweaked.
It’s been 834 days since California voters approved cannabis legalization in November 2016. So far, the CDFA has issued just nine annual cannabis farm licenses. Another 39 annual farm licenses are pending payment of fees as high as $44,000 per license.
Industry expert and cannabis attorney Omar Figueroa said that without legal farm licenses, there is no legal industry. Meanwhile, the state’s illicit market continues to thrive.
“If California runs out of regulated cannabis, consumers will turn to the unregulated market, making it even more difficult for the few remaining licensed cannabis businesses to eke out a living,” Figueroa said.
“The world’s largest legal cannabis industry is on the verge of collapse,” said Lauren Mendelsohn, an associate at Figueroa’s law offices.
The author of SB 67 is Sen. Mike McGuire, who represents many cannabis farmers north of San Francisco.
(Excerpt) Read more at leafly.com ...
When will they run out of Doritos and burrito coverings?
Tear down that wall....
Quite a feat, eh? Cali killed an industry before it even began.
Hey CA. OR had a surplus last year. Check with them.
Not to worry, El Chapo’s boys have plenty to spare for you fruits & nuts in Cali.
Bummer.
Sounds like somebody’s been bogarting that joint my friend.
By the way, if you have Netflix, there’s a great documentary series, new, called Murder Mountain. It’s about the pot growing in Humbolt County, CA and the criminal element up there, so many missing young people, like the most in the country and yeah, it’s beautiful country but that dark underbelly of illegal pot growing and violence and really ugly people, like trailer trash hippies and how they run things up there. Scary place......6 part series on Netflix.
ROFL!!
They opened two new factories just to make them. :)
Pot smokers lean against the buildings in hordes like something out of “Night of the Living Dead”
I don’t even know if Venezuela can do that!! :)
Wait. I thought legalizing pot was supposed to reduce pot demand because it took all the excitement of engaging in illegal activity out of the equation or some such thing.
Dealer McDope runs dry? Har!
If the government regulates the Sahara, they would run out of sand.
Seriously, only God should govern, man has been incapable our entire history.
Wow, whatever will they do!?!?!
They could always try drinking some Drano. In a glass, with water.
You would think that this would be the ONE THING that they wouldn’t screw up.
They will buy it from the cartels and make believe it is legal. Nice racket going on there.
There’s absolutely nothing that Cali politicians won’t foul up.
FUBARing everything is their reason for living I suppose.
It’s not about the flowers - it’s all about the chocolate
IIt’s really quite amazing that a little piece of chocolate can affect you like it does consistently every time.
If this doesn’t hurt California’s economy enough, maybe the government will raise the minimum wage again.
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