California Officials Rush To Draft Regulations For $7 Billion State Marijuana Industry Before 2018
With the November 2016 passage of Proposition 64, the marijuana industry found validation from the largest state in the nation. Now, the state is scrambling to create regulations for the $7 billion industry as the January 1, 2018, deadline approaches.
“We’re building the airplane while it’s being flown,” state Sen. Mike McGuire, a Democrat representing Healdsburg, said, notes the San Francisco Chronicle. “I believe some departments will be fully operational by January 2018 but, if we’re being honest, it’s going to be difficult to get everything done by then.”
"It's taking so long to get the draft regulations out there," Dale Gieringer, director of California NORML, told LA Weekly. "It wouldn't surprise me if they're late. Furthermore, there's every indication the legislature will pass some more bills altering the regulatory system this year, which could require a mid-stream adjustment that would further push legal sales down the line."...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin