The state of California has recently introduced Assembly Bill 766, a piece of legislation that aims to address the growing issue of unpaid debts within the state’s legal cannabis industry. This bill, proposed in March 2023, seeks to impose strict payment rules on cannabis retailers and distributors, requiring them to pay bills for goods and…
Continue reading ›The cannabis industry in California has experienced rapid growth since the legalization of medicinal marijuana in 1996, followed by the recent approval of recreational use for adults in 2016. As the legal landscape continues to evolve, businesses and individuals operating within this sector have found it increasingly necessary to seek the guidance of experienced legal…
Continue reading ›The California State Legislature has recently introduced a new bill, AB 766, which specifically addresses the payment of invoices for goods and services within the cannabis industry. This bill seeks to streamline the payment process and improve the overall functioning of the cannabis market in California. Aimed at ensuring timely payments between licensees, it aims…
Continue reading ›The history of the California cannabis industry has been characterized by rapid evolution and complex regulatory changes since its formal legalization in 2017. These adjustments have been aimed at refining the state’s cannabis policies and addressing emerging challenges in the market. This post will delve into the essential regulatory changes from 2017 to 2023, including…
Continue reading ›Navigating the complex world of contracts is crucial for the success of any business, including those operating in the burgeoning cannabis industry. In Los Angeles, where the commercial cannabis market is flourishing, understanding the essential contractual agreements can help entrepreneurs and professionals steer clear of legal pitfalls while safeguarding their business interests. This article will…
Continue reading ›California has become a hub for the legal cannabis industry since the legalization of recreational marijuana in 2016. While the industry has grown exponentially, so has the responsibility for paying cannabis taxes. For business owners, staying compliant with the California Department of Tax and Fee Administration (CDTFA) regulations is crucial. But what happens if a…
Continue reading ›The California cannabis industry has come a long way since the passage of Proposition 64 in 2016, which legalized the recreational use of marijuana in the state. As the industry continues to grow and evolve, the need for effective regulation and oversight is paramount to ensure consumer safety and prevent illegal activities. One of the…
Continue reading ›The California cannabis market offers immense opportunities for entrepreneurs. However, the industry is heavily regulated, making it crucial for business owners to understand and comply with the numerous rules and regulations. Failure to do so can result in costly fines, license suspension, or even closure. In this article, we’ll discuss the top 10 must-know rules…
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