The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses | CashCropToday
0 Shares 1146 Views

The City of Los Angeles Has Begun Accepting Applications for Cannabis Licenses

August 15, 2018
1146 Views

At the beginning of this month, the city of Los Angeles finally decided to start accepting license applications from cannabis growers, manufacturers, and testing labs. Although marijuana was legalized in California on January 1, 2018, the City of Los Angeles has been slow in issuing licenses.

Though about 150 retail shops have been granted approval thus far, Los Angeles has refused to accept licenses for cultivators, processors, or testing facilities. They are lagging behind other major cities such as Oakland and San Diego in order to work through legislative issues.

Because of the delay, many cultivators and retailers have been hit hard. They’ve been paying expensive rent for months without any revenue. Some retailers have resorted to crossing state lines to obtain their product.

The rollout process has been divided into three phases. Phase 1, which was for retail businesses operating in compliance with Proposition M, closed in early March. Proposition M outlines the licensing program and taxation.

We are currently experiencing Phase 2 of the process. Applications being accepted are limited to businesses that were operating prior to January 1, 2016. The applicant must have been a supplier to an existing dispensary prior to 2017. The window for applications will be 30 days.

Finally, Phase 3 will allow for the general public to apply for cannabis business licenses. The Department of Cannabis Regulation has not released the start date.

Although applications are now being accepted, the city of Los Angeles still hasn’t determined when licenses for cannabis growers, manufacturers, and test labs will actually be issued.

You may be interested

Green Growth Brands Raises C$85 Million Via Private Placement
Market Watch
19 views
Market Watch
19 views

Green Growth Brands Raises C$85 Million Via Private Placement

Editor - September 25, 2018

This morning, Green Growth Brands Ltd. announced that their company has raised C$85 million dollars via a private placement. The capital raise involved a series of strategic…

Cash Crop Today Interview with CEO of Open Grow™ João Melo
Growers
12 views
Growers
12 views

Cash Crop Today Interview with CEO of Open Grow™ João Melo

Editor - September 25, 2018

Open Grow™ is a company located in Portugal that is dedicated to the research and creation of automation solutions for the agricultural growing environments. Their company aims to…

Lender420 Provides Funding Solutions to Fit Your Company’s Equipment Needs
Market Watch
29 views
Market Watch
29 views

Lender420 Provides Funding Solutions to Fit Your Company’s Equipment Needs

Editor - September 24, 2018

Purchasing equipment involved in the cultivation, processing, manufacturing, and distribution of the cannabinoid-derived products can be one of the most expensive costs of setting up a successful…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: