California has a population of nearly 40 million, six years of cannabis licensing, but only has about 1,200 licensed dispensaries. These stores are mostly spread out in highly populated areas like Los Angeles, San Francisco, and so on. The problem is that many California cities still prohibit cannabis licensing, even in places where a majority
Cannabis M&A (short for mergers and acquisitions) in California is much more complicated and problematic than in other states. The biggest reason for this is that licenses are not transferrable, which all but eliminates the possibility of asset sales. In turn, this means that deals are much more complicated for both buyer and seller, and
On February 7, 2024, California Assembly Member Aguilar-Curry introduced AB 2223. The bill, if passed, would significantly change the state's cannabis and hemp industries - for better or worse. Today, we'll take a look at how AB 2223 could change both the cannabis industry and hemp industry in the Golden State. First though, a brief
California publishes quarterly data concerning its "enforcement" efforts against the illegal cannabis market. Over the last couple of quarters, I've gotten in the habit of analyzing this data (see here for Q3 2023, and here for Q2 2023). I've been blogging here since 2018 and my opinion is that the state is doing very, very
For anyone who missed it last month, we have published a full recording and transcript of our webinar titled: "Attorney Insights on the Cannabis Industry 2024: Ask us Anything." You can view the recording and transcript here. The webinar was well attended, and attorneys Vince Sliwoski, Griffen Thorne and Jesse Mondry answered a variety of
Cannabis regulation efforts are usually sold to voters or legislators with the express promise that a state will be able to milk the new industry for all it's got through cannabis taxes. Don't believe me? Well, look no further than California's landmark Proposition 64, also known as the Control, Regulate and Tax Adult Use of Marijuana
We spill a lot of ink on the Canna Law Blog talking about different types of business entities that cannabis entrepreneurs often use. In most cases though, the choice is between LLC and corporation. It may come as a surprise to some readers that some states have many different subcategories of corporations, including California. Today
I've been representing clients in California's cannabis industry since 2018. Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. One of the most common mistakes we see in new cannabis markets is businesses that rely too much on federal legalization happening. For example,
At the beginning of the summer, I wrote a post entitled "California Gives Up on the Illegal Cannabis Market" in which I went into detail about the state's failure to meaningfully address the festering illegal market. More recently, I wrote about "Another California Cannabis Enforcement Program That Won’t Work." As the name suggests, this post was
Earlier this week, California's Attorney General Rob Bonta announced yet another cannabis enforcement program: the Cannabis Administrative Prosecutor Program (CAPP). CAPP is the newest of California's ever-growing list of acronym enforcement programs, alongside EPIC (previously CAMP), UCETF, alongside countless other county and local agencies. Will the new enforcement program make a dent in the illegal
