California offers $100 million to rescue its struggling legal marijuana industry

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Los Angeles will be the biggest beneficiary of the money, which was proposed by Gov. Gavin Newsom to help cannabis businesses acquire permanent licenses.

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Originally, pot businesses were supposed to transfer from temporary licenses to regular annual licenses by 2019, but many businesses were unable to comply in time, so the state allowed provisional licenses until Jan. 1, 2020, and then extended the deadline again to Jan. 1, 2022. A bill by state Sen. Anna Caballero would have allowed the state to extend provisional licenses six years until 2028, but she shelved it after it drew opposition from the coalition of environmental groups.

The group “opposes the proposed trailer bill language because it needs stronger environmental protections consistent with the original commitments made in Proposition 64, in which the voters intended meaningful and timely compliance” with environmental laws, Flick said. Lawmakers welcomed the budget proposal from Newsom, who has an interest in seeing the legal market succeed because he was a leading proponent of Proposition 64.

 

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I’ll fix it for $10mil in 18 months. If it’s not on the mend after 18 months of work I’ll refund you the entire amount per the contract we agree to. However, we’re doing things my way.

GREEN NEW DEAL COMPLICATIONS permanent one renewed on an annual basis — a process that requires a costly, complicated and time-consuming review of the negative environmental effects involved in a business and a plan for reducing those harms.

Skunk ass

Too High To Fail? Too Dank To Fail?

Lower the taxes

It’s a cash business; it’s easy to underreport income,launder money, and obtain CA state funding. There is considerable involvement of the Sinaloa cartel and Chinese-Tong organized crime backing the legal ‘owners’ of the dispensaries. Organized crime doesn’t tolerate competition

How is it struggling?

Put government in charge of the Sahara desert, there will be a sand shortage in five years.

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