'Glaring Double Standard': Targeting California's Legal Cannabis Industry As Black Market BoomsJuly 10, 2023 – Media Mention
Cannabis attorneys Michelle Mabugat and Alexa Steinberg spoke with Benzinga about the recent, harsh regulations that have been introduced to the cannabis industry.
Freezing an operator’s ability to do business, as provided for under A.B. 766, only furthers the debt issue and could lead to even bigger problems. The cannabis industry should be treated as any other industry and be given (i) the opportunity to negotiate payment plans with other licensees and tax authorities, (ii) the ability to conduct business on the licensee’s agreed upon contractual terms and payment terms, and (iii) the opportunity to have a hearing. The Department of Cannabis Control (DCC) is overburdened, as are licensees, with various and intricate reporting requirements at every step of conducting business - adding more will continue to frustrate the cannabis industry and promote the DCC’s already unreliable history of enforcement.
Read the full feature here.