How The California Weed Market Has Changed

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As of last Friday, May 18th, there were a few changes made to the space on California cannabis laws. Although these changes are in no way drastic, they do represent an updated policy to how the state is dealing with the process of legal cannabis. These types of legislative updates can in the future become the framework for successful marijuana policy.

The changes made to the California marijuana laws did not make many waves when announced, but they are the precursor to some very incremental framework that will help to change the future of the cannabis world. Hezekiah Allen, executive director of the California Growers Association state that “We’re sort of there. Everything to do with cannabis is a little exciting, but this is just one foot in front of the other, to be honest.”

The California legal weed market has only been around for a short period of time which means that there are things that need to develop before the market can be able to reach its full potential in the near future. These updates are made to make business easier to conduct in the golden state and better for the government to keep track of. According to the report, it comes from “three agencies that oversee the California MJ industry: The Bureau of Cannabis Control governs retailers, distributors, testing labs and microbusinesses; the Department of Food and Agriculture regulates licensed growers; and the Department of Public Health governs edibles makers and manufacturers.”

One of the largest changes to the existing market is that an existing policy will not be changed, and rather will just be built upon. During the early days of cannabis law in California, the rules stated that companies holding medical licenses were allowed to do business with other companies that only have adult-use permits and not medical ones. This was something that many thought would change in the upcoming legislation, but it being made permanent can help to put the minds at ease of those in the industry. Ax Mikalonis, a member of the Sacramento-based K Street Consulting firm, stated that “generally, we’re very positive about what happened. The regulators have been listening to the concerns raised by the industry. I can’t overstate how big of a deal that would have been if that change had not been made permanent.

The Bureau of Cannabis Control stated that they will be switching some legislation around that deals with the transport of cannabis. They stated that “The monetary value of the product that delivery drivers may carry at any time was increased from $3,000 to $10,000.” This is quite a large step for the industry because the amount of product a company is able to carry can determine how easily a store can be stocked. The $3,000 limit is extremely low and does not allow dispensaries to carry much product in their delivery routes. This can lead to higher prices for transport and ultimately for the customer.

Another addition to the industry is the banning of something known as “the ice cream truck model.” This essentially means that companies have been stocking their trucks with large amount of products to then be delivered. Now, companies will have to know what the customer is ordering before loading the truck to deliver the product.

The market on cannabis is evolving very quickly, and these changes are helping to shape how the market will be in the future. With these new regulations, it will be easier than ever for the industry on cannabis to function throughout the state of California for the coming years.

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