Dispensaries Receive First CA Retail Permits for Recreational Cannabis

Rodiano Bonacci
Dicembre 16, 2017

"Last week, we officially launched our online licensing system, and today we're pleased to issue the first group of temporary licenses to cannabis businesses that fall under the Bureau's jurisdiction", said Lori Ajax, the state's top marijuana regulator.

Torrey Holistics received two of the first 20 licenses granted by the state Bureau of Cannabis Control this week to sell or distribute marijuana, although the licenses do not take effect until January 1, according to bureau chief Lori Ajax.

"I couldn't be more excited", said Moxie CEO Jordan Lams, who credited "a lot of the stars aligning" for being awarded the first distributor license for recreational pot.

This week, California issued temporary licenses to a handful of cannabis companies in the first wave of licenses expected to be released ahead of January 1. "California has been without regulations for a very long time".

The temporary licenses are good for 120 days and may be extended if applicants are awarded annual licenses once they're available.

A San Diego medical marijuana business is the first firm to be issued a license by the state of California to sell marijuana for recreational use, officials said Thursday.

Tony Hall, who opened the shop two years ago with a college friend, said he sees recreational marijuana taking off like the wine and craft beer industries.

Customers go through an electronic security gate manned by a guard.

In 2015, California passed the Medical Cannabis Regulation and Safety Act (MCRSA), composed of three bills that "collectively established a comprehensive state regulatory framework for the licensing and enforcement of cultivation, manufacturing, retail sale, transportation, storage, delivery and testing of medicinal cannabis in California".

In general, California will treat cannabis like alcohol, allowing people 21 and older to legally possess up to an ounce and grow six marijuana plants at home. A patchwork is emerging with some cities embracing legal sales and others banning commercial pot activity.

In the background is widespread uncertainty about whether President Donald Trump's administration will attempt to intervene in states where marijuana is legal.

As marijuana is illegal in the eyes of the federal government, major banks are leery to do business with dispensaries and growers so much of the business is conducted in cash.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE