California legislation hopes to address lag in approvals for cannabis business licenses

California State Sen. Mike McGuire, along with countless cannabis industry advocates, is worried. He’s worried that the legal California cannabis industry is careening towards what advocates are calling a possible “extinction event.”

According to state regulatory data, an estimated 10,000 temporary cannabis business licenses across the Golden State could expire before provisional licenses can be issued by the three state licensing agencies: the California Department of Food and Agriculture, the Bureau of Cannabis Control, and the California Department of Public Health.

The CDFA seems to have the greatest backlog of pending license approvals, thus growers and cultivators are the most at risk of losing their licenses. McGuire saw an opportunity for the state legislature to assist.

“The State, under current law, has no ability to extend a temporary license, despite the fact thousands are set to expire. To make matters worse, thousands of applicants who wanted to comply with the

... read more at: