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California MMJ Law

By in California MMJ Law, News Comments Off on BANKING ACCESS STRATEGIES FOR CANNABIS-RELATED BUSINESSES

BANKING ACCESS STRATEGIES FOR CANNABIS-RELATED BUSINESSES

A Report From the State Treasurer’s Cannabis Banking Working Group.

Lack of access to banking services that are taken for granted by other legal businesses—opening accounts, writing checks, accepting credit cards, transferring money—forces cannabis businesses to deal in large amounts of cash, which makes them targets for assaults and puts the general public in danger. Security and procedural concerns about handling massive amounts of cash also create a nightmare for state and local government revenue-collecting agencies. In addition, the inability of cannabis operations to get banking services means that many of them may remain in the underground economy and not become transparent, regulated, tax-paying businesses, as California
voters intended.

Faced with these concerns, late last year I directed the staff of the State Treasurer’s Office to carry out research and develop recommendations on strategies to address the cannabis banking conundrum. As the state’s banker, I felt an obligation to fulfill the wishes of the voters when they passed Proposition 64 in November 2016.

Read Full Report: http://www.treasurer.ca.gov

By in California MMJ Law, Federal MMJ Law, News Comments Off on Regulating the Safety of Cannabis-Infused Foods: Alternatives to Prohibition – By Ross Gordon November 1, 2017 Prepared on behalf of Therapy Tonics & Provisoins

Regulating the Safety of Cannabis-Infused Foods: Alternatives to Prohibition – By Ross Gordon November 1, 2017 Prepared on behalf of Therapy Tonics & Provisoins

Executive Summary

Proposed regulations released by California’s Manufactured Cannabis Safety Branch in April 2017 included a blanket prohibition on potentially hazardous foods (PHFs), including refrigerated products, low-acid canned foods, juices, perishable baked goods, meats, dairy, and seafood. As the MCSB prepares to release emergency regulations in November 2017, this paper seeks to inform an alternative solution that effectively regulates, rather than bans, cannabis-infused PHFs. A review of regulatory systems in Oregon and Colorado finds precedent for the effective regulation of cannabis PHF products, and a review of California’s existing regulatory structures for conventional foods finds that California already possesses the key resources necessary to effectively regulate cannabis food safety. This paper suggests that MCSB should emulate Oregon’s approach by applying California’s existing food safety framework to the regulation of cannabis PHFs.

Read Full Proposal: https://therapytonics.com//wp-content/uploads/2017/11/Regulating-Safety-of-Cannabis-Infused-Foods.pdf

By in California MMJ Law, News Comments Off on Checking In On California’s Edibles Industry

Checking In On California’s Edibles Industry

There are just a few short months to wait, edible lovers. Starting in January, delicious and nutritious cannabis products, like our cannabis iced coffee and tea beverages, can finally be purchased and enjoyed by any Californian over the age of 21.

Keep in mind that with the dawn of legalization will come some significant changes to the way cannabis has been bought and sold in California for so many years. This is because there is a strict regulatory framework going into effect now to keep medical marijuana patients and new consumers safe, healthy, and in control – no matter where they buy their cannabis. Check the California Cannabis Portal for more information.

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By in California MMJ Law, News Comments Off on LDS Aims To Start California Production In October – CFN Media (CA – Cannabis Industry)

LDS Aims To Start California Production In October – CFN Media (CA – Cannabis Industry)

Market Wired (September 26, 2017) CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article covering Lifestyle Delivery Systems Inc. The company plans to begin production operations in October in the city of Adelanto, California after an extended and thorough permitting process.

Read Full Article: http://www.marketwired.com

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