In a week that historians will look upon with wonder, Gov. Gavin Newsom signed into law four bills passed in Sacramento’s latest legislative session. Had he signed only AB-1525, which removes state penalties and provides privacy protections for financial institutions doing legal-weed business, signing sesh would be regarded as epic. While there’s a lot it doesn’t cover, many in the industry seem pleased.
WeedWeek
- Now that AB-1872 is a law, for a full year businesses will benefit from suspension of California’s ability to raise cultivation taxes and markup rates.
- AB-1458 “provides wiggle room” for manufacturers of edibles by raising the allowable variance of THC in retail products by 2%.
- Testing labs are now allowed to test products from law-enforcement agencies and regulatory bodies with SB-1244 becoming law. (Presently, testing labs can only work with state cannabis licensees.)
- A milestone for craft cannabis worldwide, the signing of SB 67 means companies that aren’t from Humboldt County, for example, can no longer call their product Humboldt County bud.
Quick Hit
- Unable to gain a license in the state where they birthed Somatik, the infused-coffee makers have pulled up stakes in San Francisco and settled into small-town Colorado.
Bay Area Reporter
