California Begins Issuing Full Annual Marijuana Business Licenses

The California Department of Food and Agriculture has issued its first full annual cannabis business permits, doling out two recreational cultivation licenses to Forbidden Fruit Farms in Humboldt County.

The licenses were issued over the weekend, marking the first wave of annual permits for the vast majority of California’s marijuana companies – although a handful of annual MJ event permits had already been issued.

Until now, cannabis businesses have been operating with temporary licenses as the state prepared to implement a full annual licensing system. Many of those temporary permits are set to expire in the coming weeks.

A spokeswoman for the Department of Food and Agriculture said the two new permits are the first of many to be issued on a rolling basis. The department is reviewing a total of 2,547 annual permit applications it had received as of Oct. 29.

The California Bureau of Cannabis Control (BCC) – which oversees permitting for retailers, distributors, testing labs and microbusinesses – may begin issuing full annual licenses as soon as Nov. 1, a spokesman said.

The Department of Public Health, which licenses manufacturers, has not yet issued any annual permits but has begun approving them, according to a spokesman. Once an applicant is approved, he said, a final fee must be paid before the license is issued.

The issuance of annual permits also triggers new inventory tracking and reporting requirements, which could lead to more industry headaches because companies will need to familiarize themselves with that process.

Original Article Source: https://mjbizdaily.com/california-begins-issuing-full-annual-marijuana-business-licenses/

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