On September 11, 2019, Matthew Portnoff and Jordan Ferguson published "New Statewide Commercial Cannabis Regs in California Create Opportunities for Savvy Investors" in the Daily Journal. Here is an excerpt.
Following the State of California's legalization of adult-use cannabis in November 2016, cannabis regulations have been growing like weeds (pun intended). Earlier this year, state regulators at the Bureau of Cannabis Control ("BCC"), the California Department of Public Health ("CDPH"), and the California Food and Drug Administration ("CDFA") finalized statewide regulations for commercial cannabis activities. With some stability slowly emerging in a newly regulated industry, more local governments are beginning to adopt regulations to allow some form of commercial cannabis activity, meaning the time is good for entrepreneurs with an appetite for high risk and high reward to enter the industry. Venable employs a wealth of industry experience to help clients capitalize on these new opportunities.
© 2019 Venable LLP. Using, distributing, possessing, and/or selling marijuana is illegal under existing federal law. Compliance with state law does not guarantee or constitute compliance with federal law. This informational overview is not intended to provide any legal advice or any guidance or assistance in violating federal law.