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Business / California News / Featured News

Three in four California cannabis companies aren’t licensed; $100 million might help

three-in-four-california-cannabis-companies-aren’t-licensed;-$100-million-might-help

Nearly four years after California started regulating its cannabis industry, three in four businesses still operate on provisional licenses.
As temporary license holders, 75% of the state’s cannabis industry lacks protections and privileges that come with holding full licenses — a situation that worries some in the business. Those temporary operators also haven’t passed extensive environmental reviews required of full licensing — a fact that concerns environmental groups.
Cannabis licensing is slow for a number of reasons, ranging from the sometimes dizzying complexity of California’s environmental rules to conflicting language between state and local cannabis laws to the high costs for permits and a shortage of government workers needed to process the paperwork.
Read the rest of this story on ocregister.com.

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