As you may already know last Friday the legislature extended the recess until Monday, May 4. Today we received a budget update\to how things will be handled over the next several months. Instead of trying to work toward a June 15 deadline to pass a state budget the legislature will operate on the basis of a June 15 baseline budget and use the following month to reevaluate where the economy stands as to the coronavirus impacts. To which in August, the State will make a final revision of the budget, primarily due to the delay in tax receipts and filings.
CITIES, CANNABIS, AND COVID-19 WEBINAR
Thursday, April 9, 2020
11:30 AM – 12:15 pm
How will COVID 19 impact the cannabis industry in California Cities? How are cannabis businesses meeting public health and financial challenges while operating as "essential" businesses? Join city and policy leaders for a discussion on these and other topics, as well as what's next for Cities and Cannabis.
Panelists include: Brad Rowe, Avenue Insights & Analytics; Jessica Rabe, Data Trek Research; Chad Wanke, Councilman, City of Placentia & Jonatan Cvetko, Angeles Emeralds
This webinar is free and presented by CaliforniaCityNews.org and CalMarijuanaPolicy.org
AFTER INITIAL BOOST, SOME KEY STATES SEE A DECLINE IN POT SALES
The honeymoon is over. After an initial spike in commercial cannabis sales, driven by widespread coronavirus quarantines, recreational marijuana sales have slowed or fallen in three key states.
Point-of-sale data provided by Seattle-based Headset (summarized hereby Marijuana Business Daily) found:
A 47% drop in sales in Colorado between March 27-March 29 compared to the same weekend last year
A 14% sales decline in Washington when compared to the same period last year
A large drop in the rate of California sales increases over the prior year
In many cases, people simply stocked up enough product after the lockdowns were initially announced. In Colorado’s case, hits to the tourism industry appear to have affected the cannabis market significantly.
SB 1429 (Monning) – AMENDED MARCH 26th
Current law makes a person found to have violated specified provisions of law generally protecting fish and wildlife, water, or other natural resources in connection with the production or cultivation of a controlled substance liable for a civil penalty in addition to any penalties imposed by any other law. Current law authorizes the imposition of larger fines on a person who violates one of these provisions on specified types of public or private land or while the person was trespassing on public or private land than on a person who violates one of these provisions on land that the person owns, leases, or otherwise uses or occupies with the consent of the landowner. Current law authorizes these civil penalties to be imposed or collected by a court or imposed administratively by the Department of Fish and Wildlife. This bill would instead make these provisions applicable to activities conducted in connection with the production or cultivation of cannabis, cannabis products, or industrial hemp.