With so many ups-and-downs, the cannabis industry in California is looking like it will face several more obstacles before settling down. There are several bills in the California Senate that have significant impact on how the industry will run.
SB-1294 Social Equity Program – Enrolled 10/07/2018
The State will have a year to draft a Social Equity Program that other cities can implement. The “model equity ordinance” would work as a blue-print for cities who would like to implement such a program. The state will also create a fund to provide “technical assistance” defined as “providing training and education sessions regarding state cannabis licensing processes and requirement to equity applicants or equity licensees that are coordinated with the local equity program.”
LEGISLATIVE COUNSEL’S DIGEST
Vote: 2/3 Appropriation: no Fiscal Committee: yes Local Program: no
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
This act shall be known and may be cited as the California Cannabis Equity Act of 2018.
The Legislature finds and declares the following:
Chapter 23 (commencing with Section 26240) is added to Division 10 of the Business and Professions Code, to read:
CHAPTER 23. The California Cannabis Equity Act
For purposes of this chapter, the following definitions apply:
(a) The bureau may, upon request by a local jurisdiction, provide technical assistance to a local equity program that helps local equity applicants or local equity licensees. When determining whether to provide technical assistance, the bureau shall make individual determinations based on the reasonableness of the request and available resources.
(a) (1) Upon appropriation of funds by the Legislature, an eligible local jurisdiction may, in the form and manner prescribed by the bureau, submit an application to the bureau for a grant to assist local equity applicants and local equity licensees through that local jurisdiction’s equity program.
To facilitate greater equity in business ownership and employment in the cannabis market, the bureau shall do all of the following:
(a) On or before July 1, 2020, the bureau shall submit a report to the Legislature regarding the progress of local equity programs that have received funding pursuant to Section 26244.
The provisions of this chapter are severable. If any provision of this chapter or its application is held invalid, that invalidity shall not affect other provisions or applications that can be given effect without the invalid provision or application.
The Legislature finds and declares that this act furthers the purposes and intent of the Control, Regulate and Tax Adult Use of Marijuana Act.