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.

  • 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

  1. 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