There are a number of upcoming bills that could affect the cannabis industry in California. Some of the most notable bills include:
- AB 195: This bill would allow local governments to ban cannabis businesses within their jurisdictions.
- SB 126: This bill would increase the tax on cannabis products by 15%. The potential impact of SB 126 on the cannabis industry in California is significant. If the bill is passed, it would increase the tax on cannabis products by 15%. This would likely lead to higher prices for consumers and could make cannabis products less accessible to some people. The bill could also have a negative impact on the cannabis industry, as it could lead to decreased sales and revenue.
- SB 140: This bill would create a new state agency to regulate the cannabis industry. The new agency would be called the California Cannabis Control Authority (CCCA). The CCCA would be responsible for regulating all aspects of the cannabis industry in California, including licensing, enforcement, and education. The bill would also create a new tax on cannabis products, which would be used to fund the CCCA and other cannabis-related programs. It is unclear whether SB 140 will be passed by the California State Legislature. The bill faces opposition from some lawmakers, who argue that it is unnecessary and would create a new layer of bureaucracy. The bill also faces opposition from some cannabis industry members, who argue that it would create unnecessary costs.
- SB 141: This bill would allow cannabis businesses to operate in more areas of the state.
- SB 142: This bill would allow cannabis businesses to advertise on television and radio.
These are just a few of the upcoming bills that could affect the cannabis industry in California. It is important to stay up-to-date on these bills and their potential impact on the industry. If you have any questions about your cannabis business, please contact us at WINTER LLP today.