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Licensing / Compliance

California Announces Planned Changes to Tax and Regulatory Scheme

By Lauren Mendelsohn, Esq. January 10, 2020 On Friday, January 10, 2020, California Governor Gavin Newsom announced his budget proposal for 2020-2021, which included some major changes related to cannabis industry taxation and regulation. The proposal seeks to consolidate California’s three cannabis licensing agencies (the Bureau of Cannabis Control, the […]

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Sonoma County Supervisors Vote to Explore Changes to Cannabis Program

December 20, 2019 By Lauren Mendelsohn Earlier this week, the Sonoma County Board of Supervisors voted to approve recommendations from the Cannabis Ad Hoc Committee regarding exploring changes to the county’s cannabis program. The committee’s presentation for the item can be viewed here.  The motivation behind this was the fact […]

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Federal Bank Regulators OK Hemp Banking and Financial Services

December 6, 2019 By Andrew Kingsdale On December 3, 2019, federal banking agencies released a joint statement clarifying requirements under the Bank Secrecy Act (BSA) for banks providing financial services to hemp growers.  Because hemp is no longer a Schedule I controlled substance under the Controlled Substances Act, banks are […]

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California Hemp Growers Likely Able to Apply for USDA Hemp Licenses Starting December 2, 2019

by Omar Figueroa and Andrew Kingsdale November 18, 2019   Beginning on December 2, 2019, California hemp growers will likely be able to apply for three-year federal cultivation licenses directly from the U.S. Department of Agriculture. (California hemp farmers also will need a state license to produce hemp under state […]

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Creating an Industry that Cares: Benefit Corporations, SPCs, and other Business Structures to Help Promote Social Good

By Lauren Mendelsohn, Esq. October 21, 2019 Directors of traditional corporations have a fiduciary duty to act in a way that is in the best interest of the corporation and its shareholders, which usually means doing whatever is legally possible to maximize shareholder wealth. This can sometimes put directors in […]

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New Regulations for Cannabis Excise and Cultivation Taxes

By Lauren Mendelsohn, October 14, 2019 Recently, the Office of Administrative Law (OAL) approved proposed regulations (Cal. Code of Regs., tit.  18, div. 2, §3700) from the California Department of Tax and Fee Administration (CDTFA) related to cannabis excise and cultivation taxes in California. On September 4, 2019 the new regulations […]

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Public Safety Power Shutoff Events and California Cannabis Regulations

By Omar Figueroa & Lauren Mendelsohn October 9, 2019 [Updated 10/25/19]   Utility company Pacific Gas & Electric (PG&E) has announced a Public Safety Power Shutoff Event starting in the early hours of Wednesday, October 9, across many regions of California.  It is anticipated that numerous licensed cannabis businesses across […]

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