California cannabis markets are heating up in 2023. California cannabis consultants can help you obtain a cannabis license.

2022 was a brutal year for US cannabis companies and some cannabis investors. The leading public stocks lost 66% of their value. New Cannabis Ventures’ American Cannabis Operator Index ended the year at 14.25, 88% below its all-time high of 118.22 set a seeming lifetime ago on 4/1/19, just after the top multi-state operators (MSOs) went public in 2018.

Last week, the Department of Cannabis Control (“DCC”) and California Department of Tax & Fee Administration noticed proposed emergency regulations to govern California’s medical and adult use cannabis industry. The DCC also noticed further modifications to the proposed regulations concerning large cultivation licenses and the conversion to large and medium licenses.

Last Friday 11/11, the Department of Cannabis Control (“DCC”) adopted regulations to govern California’s medical and adult use cannabis industry. These regulations went into effect immediately so it’s imperative that licensees understand the updates, changes, and clarifications within these new set of rules.

Despite CA’s recent rainstorms, overall the state is experiencing extreme to severe drought that is the genesis for water restrictions for Cannabis operators who are Lake and Streambed Alteration (LSA) Agreement holders and divert water from surface water sources.

It’s best to ensure that you’re treating the health of your METRC account the same as you would for any other type of compliance. Some CA DCC track-and-trace violations are classified as serious, meaning the maximum penalty for singular noncompliance is $5,000.

The Department of Cannabis Control (DCC) in California recently announced that enforcement activities pushed the total value of seized cannabis over the $1 billion mark in the last 13 months. The numbers from the enforcement are staggering: 232 search warrants, half a million pounds of product, 1.4 million cannabis plants, 120 firearms, and $2.3 million in illegally obtained assets.

Indio, “The City of Festivals’”, long-anticipated application period for the regulation of cannabis storefront retail is quickly approaching. Starting September 1st, applicants can apply for one of the five coveted storefront retail licenses via an online application.