California looking into providing the cannabis industry with their own banks
State-licensed banks would finally allow the cannabis industry access to basic banking services
State-licensed banks would finally allow the cannabis industry access to basic banking services
Marijuana is legal, but the laws regarding drug testing are slow to change.
Who can transport cannabis in California, and what kind of license do they need?
The statutes require anyone transporting cannabis goods to have a distributor license from the bureau. [The state] currently is issuing temporary licenses. Counties and cities all have their own regulations.
Prop 64 allows the State to garner a 15% excise tax on sales. But the State can also collect tax separately from cultivation, which obviously passes on to the consumer. Then there are state and local sales taxes, on top of local use taxes, and while these local taxes fall into variable rates, the end truth is that everyone has their hand out. When you add up the various ways in which government is taking their piece of the pie, taxes on recreational cannabis could go up an estimated 45%.
even though dope consumption is now legal in the state, non-citizens could still land themselves in hot water for indulging. It could have serious consequences should you ever wish to live there full-time.
Californians woke up on Monday to a stimulating New Year’s gift: legal recreational cannabis. The state is set to become the world’s largest regulated, commercial market of recreational marijuana. Over two decades after California legalized the medical use of marijuana, America’s most populous state joins Colorado, Washington, Oregon, Alaska, and Nevada to grant stores licenses…