California Cannabis: Department of Business Oversight Issues Somewhat Helpful Guidance to Financial Institutions

Earlier this month, on October 3, the California Department of Business Oversight (the “DBO”) issued a Cannabis Banking Guidance memorandum to its state-chartered financial institutions (banks and credit unions) to help them make appropriate risk assessments in serving cannabis-related businesses and comply with federal guidelines.  The memorandum is in the form of an extensive questionnaire. The…

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L.A. should suspend vetting applications for pot shops amid concerns, Wesson urges
Los Angeles City Council President Herb Wesson has called on the city to suspend the approval process for new shops selling cannabis products, arguing that the latest round of the licensing process was “compromised” by some people gaining early access to the application system. In a letter to the... Read more
California Cannabis Bill Roundup for October 2019

Seems like not a month goes by in California where the Assembly isn’t trying to pass a slew of cannabis bills to help regulate the state’s industry under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). And October was no different. As of October 13, 2019, California has some new cannabis laws on…

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NEW YORK (AP) — California and New York City sued the U.S. Postal Service on Tuesday to stop tens of thousands of cigarette packages from being mailed from foreign countries to U.S. residents, saying the smugglers are engaging in tax evasion while postal workers look the other way. The... Read more
California’s New Housing Laws and Cannabis in Residential Leasing

Recently, Governor Newsom signed 18 bills aimed to combat the housing crisis in California, including the Tenant Protection Act of 2019. The California Association of Realtors argues this new statewide rent control law will “impose onerous standards upon small property owners and, in turn, exacerbate the state’s housing crisis.” When I spoke at the California Association…

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Five Common Problems in California Cannabis M&A Transactions

Now that we’re about two years into California cannabis licensing, our California cannabis attorneys are seeing a huge uptick in mergers and acquisitions in the cannabis space. It’s critical for potential M&A transactions to understand California cannabis laws and regulations and ensure that any M&A contracts are drafted with the regulations in mind. This is…

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Hold the joint, because it would appear that Napa County wants to stick with wine. On Tuesday, its Board of Supervisors voted unanimously to ban agriculture, processing, and sale of marijuana within county lines. Representatives of wineries had voiced concerns that legal marijuana in the area would unfairly benefit... Read more
California Cannabis Equity Programs are Getting a Boost From State and Private Sources

Last week was a big one in terms of California’s social equity programs, with the Bureau of Cannabis Control (BCC) announcing its award of equity grant funding to a number of local jurisdictions “to be used for commercial cannabis equity programs that focus on inclusion and support of persons or communities that were negatively or…

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After a multiyear effort by advocates, Governor Gavin Newsom announced over the weekend he had signed SB-34, The Dennis Peron and Brownie Mary Act, in support of medical marijuana compassion care programs.  The Dennis Peron and Brownie Mary Act, named for San Francisco’s beloved pioneering medical marijuana activists, would... Read more
The FBI is investigating whether public officials in Sacramento, California accepted bribes in return for favorable treatment for applicants for licenses to operate cannabis businesses in the city, according to a report in local media. Three sources with direct knowledge of the probe have told the Sacramento Bee that... Read more

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