The black market bud sales are the bane of legitimate marijuana businesses throughout California. There are billions of dollars to be gleaned in the shadows of licensed, regulated industry. However, it’s getting increasingly expensive to operate on the fringes, and officials say that is precisely the point.
Now, a new proposed law targets not just the illicit marijuana operations themselves, but the companies doing business with them. A new bill, if passed, would impose $30,000 in fines for every single offense of aiding and abetting unlawful commercial cannabis activity in California. That would include advertising for these ventures as well as providing leases to them. That would put significant pressure on landlords and advertising companies that try to make a profit off the virulent black market. Penalties would be paid to the state’s general fund.
As our Los Angeles marijuana business attorneys can explain, existing law imposes triple the amount of a state license fee for any individual or entity caught engaging in commercial cannabis business activity that is not licensed. That figure may be adjusted depending on the company’s annual revenue. Continue reading