Articles Tagged with Los Angeles marijuana business attorneys

Adult-use cannabis became legal in California Jan. 1 with Proposition 64 going into effect. Many cities and counties however have decided to maintain a ban on marijuana, and others did not have local regulations in place in time for the official roll out of the law.marijuana business attorneys

But even after just a few weeks, the state government is already reaping big cash benefits reefer. Gov. Jerry Brown estimates $643 million in marijuana excise taxes in the first year, according to a Los Angeles Times report. Earlier projections estimated tax revenue could eventually hit $1 billion. Brown cautioned we don’t fully know every market issue that is at play, so local governments should be careful before enacting any sweeping measures.

Even as such, the lower estimates more than cover the $52 million California budgeted for 2017-2018 to establish and run the marijuana licensing system. The $643 million also does not include local sales taxes or state license fees. It costs businesses $1,000 for a license to sell cannabis. The fees are set to cover all costs associated with permits, including background checks, and resources necessary for processing and issuing. Continue reading

Three weeks after recreational cannabis sales officially became legal in California, select Los Angeles businesses were allowed to open their doors for Los Angeles recreational cannabis businesscommercial sales. While the Adult Use of Marijuana Act made recreational sales legal in the state Jan. 1, it is still up to city and county governments to decide for themselves whether they will issue a ban or set up their own guidelines and regulations. Implementation of guidelines takes time, and some cities, Los Angeles included, were not able to get them in place before the rollout at the beginning of the year.

Los Angeles City Council approved commercial marijuana sales early in December, and by mid-January about two dozen businesses in the city had been granted temporary permits. Three of those businesses had state approval secured and were able to open for business that week, according to an NBC News report. More regulations will have to be met down the road to achieve legal status permanently, the Los Angeles Department of Cannabis Regulation told NBC. Continue reading

Proposition 64, which makes the sale and use of recreational marijuana legal in California, went into effect at the start of the year, but Los Angeles marijuana business owners had to wait to join in the fray of commercialLos Angeles Marijuana Business Attorney businesses opening their doors.

Los Angeles city council approved guidelines for the sale of recreational marijuana late in 2017, and the city hoped to have the regulations put in place by the roll-out of the Adult Use of Marijuana Act on Jan. 1, 2018. However, the city now says it needs extra time to establish the intricate rules.

Therefore, Los Angeles could not start accepting applications right away. Additionally, it usually takes weeks for a business to receive a license and meet standards with local and state officials. Continue reading