Commercial Cannabis Regulations

Industry News: New Statewide Commercial Cannabis Regulations in California Create Opportunities for Savvy Investors

Commercial Cannabis Regulations

Industry News: New Statewide Commercial Cannabis Regulations in California Create Opportunities for Savvy Investors

Emerging "CannaBusiness" Opportunities


Following the State of California’s legalization of adult-use cannabis in November 2016, cannabis regulations have been growing like weeds (pun intended).  Earlier this year, state regulators at the Bureau of Cannabis Control (BCC), the California Department of Public Health (CDPH), and the California Food and Drug Administration (CDFA) finalized statewide regulations for commercial cannabis activities.

 

With some stability slowly emerging in a newly regulated industry, more local governments are beginning to adopt regulations to allow some form of commercial cannabis activity, meaning the time is good for entrepreneurs with an appetite for high risk and high reward to enter the industry.

 

Dedicated professional services teams at Venable LLP and WEBB are employing their wealth of industry experience to help clients capitalize on these new opportunities.

Stay Ahead of Regulatory Requirements


The California regulatory regime remains complicated, but there are several trends that broadly apply, and for which savvy market entrants into the commercial cannabis space should consider as they evaluate the market:

 

Don’t get lost in the Weeds


Whether individually or working together, WEBB and Venable can compile a project team with extensive on-the-ground experience throughout California to help commercial cannabis operators navigate the complex regulatory and entitlement process and become operational as soon as possible.

 

We can provide dynamic, timely, and cost-effective solutions as you enter California’s commercial cannabis industry.