The “King of Weed”: For Cannabis Investors, the MORE Act Means More Profit

Kings Garden CEO Michael King, the self-described “King of Weed,” tells Jessica Stone why cannabis investors need federal decriminalization. Cannabis Capitalist editor Tom Carroll joins with his prediction on when we’ll see the MORE Act become law.

Why federal cannabis legalization may be months away: https://stansberryinvestor.com/media-article/336364

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Rules and Regulations for Legal Weed in Canada - Michael King

Canadian Provinces Creating Rules and Regulations for Legal Weed

Article Published by: merryjane.com

As Canada’s self-imposed deadline for legal recreational weed grows near, Canadian provinces are beginning to release regulations to govern how cannabis sales will be handled in their jurisdictions.

The country’s federal government will set some of the rules for cannabis sales that will apply throughout the country, but each individual province is left on its own to draft rules regarding the minimum age of users, the location and licensing of retail stores, whether or not home grows are allowed, and many other details.

In Manitoba, the Progressive Conservative government released their Safe and Responsible Retailing of Cannabis Act this week, which will allow anyone aged 19 or older to purchase weed at retail stores or online, CBC News reports. The new laws will allow cannabis to be sold at two different kinds of retail stores. One store would be strictly age-restricted, with those under 19 prohibited from entering the premises. The other kind of store would be open to all ages, but would not be allowed to openly display marijuana products for sale. Any of these licensed storefronts will also be allowed to sell weed online, but the recipient must sign for every delivered package.

Manitoba’s regulations also detail ways to encourage safe consumption. Every retail store must post information regarding possible side effects of marijuana use near their register. The regulations will also channel two percent of the province’s cannabis tax revenue to fund grants for companies to promote safe cannabis consumption. The rules also make it illegal for an individual to give, sell, or even pass a joint to an intoxicated person. Furthermore, any Manitoban will be prohibited from growing weed in their own home, unless they have a medical cannabis permit.

Meanwhile on the West Coast, British Columbia’s government has released a preliminary version of their own cannabis regulatory framework. These regulations will make the B.C. Liquor Distribution Branch the sole distributor of recreational cannabis, which would then be sold in both public and private stores. The provincial government has not yet hashed out the details on these stores, but B.C. Solicitor General Mike Farnworth told reporters that more information would become available by next February. The preliminary regulations do not reveal whether or not online sales would be handled by the government, private stores, or both, but do impose a minimum age limit of 19 for cannabis users.

The fate of numerous marijuana dispensaries that are currently operating in a legal grey area across B.C. is also left uncertain by these new regulations. Some local governments have already granted licenses to these existing dispensaries, but others wish to ban them. Cannabis attorney Kirk Tousaw recommends that the government transition these dispensaries to legal operations to make it easier for the province to meet the deadline for legal sales. “There’s not much in negatives being caused by these establishments,” he told the Vancouver Sun. “There’s a tremendous amount of talent in B.C. and we need to harness that and we need to acknowledge that they are pioneers, not criminals.”

During a conference call with reporters, Farnworth said that the province is not including revenue estimates from cannabis sales in next year’s budget, and does not expect an immediate financial windfall in pot revenue. “I have no doubt there will be revenue in the middle- to long-term, but initially our focus is going to be on education, enforcement, and on ensuring the necessary infrastructure for the legalization of cannabis to proceed smoothly in B.C. is the priority,” he said, according to the Vancouver Sun. Farnworth added that there’s still “a lot of work that needs to be done legislatively,” and that he expects “a great deal of the legislative calendar to be taken up by the legalization of cannabis in the spring.”


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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California Report on Cannabis and Banking - Michael King

California State Treasurer Presents Report on Cannabis and Banking

Article Published by: directcannibisnetwork.com

As many of you know, cannabis businesses are faced with many roadblocks and hurdles, banking being one of them, but as California nears recreational cannabis in less than two months, it appears that we are a bit closer to potentially having a solution to our cash and banking crisis.

Today, John Chiang, the California State Treasurer and the Cannabis Banking Working Group held a press conference to announce the release of their report on “Banking Access Strategies For Cannabis-Related Business.” The past year John Chiang and 18 representatives from the Cannabis Banking Working Group have gone up and down California meeting with over 50 expert panelists to discuss the issues and reviewing possible solutions for the industries banking issue.

Before I go into the recommendations the Cannabis Banking Working Group presented, let’s review the past year.

Why is this an issue?

Although medical cannabis has been permitted in California for more than two decades, the production, distribution, sale, and possession of cannabis still remains illegal under federal law and is listed as a Schedule 1 controlled substance.

This impacts legal California cannabis businesses from opening a business account, writing checks, accepting credit cards, transferring money and forces these businesses to deal with large amounts of cash.

Outside of not having access to a bank account, this also has created a considerable safety concern against the safety of business owners and employees as they have to run there businesses strictly on a cash-based service and this matter doesn’t just affect cannabis businesses but state and local government agencies as well.

Did you know: A few years ago in Southern California, a dispensary owner was kidnapped, tortured and manned after being driven into the desert in search of non-existent money.

On top of safety, by not providing businesses with a banking solution many have stayed and will continue to stay underground, and it hinders them the opportunity to become a transparent, regulated, tax-paying business.

Cannabis Banking Working Group

John Chiang, as California’s State Treasurer saw these concerns and knew something had to be done, this is when the Cannabis Banking Working Group was created. These 18 representatives came from the cannabis industry, financial institutions, and government tax collection, law enforcement, and regulatory agencies came together and held over six public meetings around the state in the hopes that they would all be able to find a possible solution or recommendation to help deal with this cannabis banking problem.

On February 10th, 2017, the Cannabis Banking Working Group met in Los Angeles, California. Jerred Kiloh of the United Cannabis Business Alliance, expressed his frustration, “Security issues, keeping high amounts of cash on hand, access to capital to grow their business. Legal representatives and contractors are all losing their bank accounts for working with cannabis companies.” Mr. Kiloh stated, “I had to open a total of eight new bank accounts, and with these changes, my employees and staff lost healthcare.”

Kenneth Berke of Payqwick presented a possible solution at that meeting. Mr. Berke built out a sophisticated e-wallet that can go from processors to retailers and from consumers to retailers. They developed a fully compliant program and are working closely with Washington Liquor and Marijuana Board.

In July 2017, the Cannabis Banking Working had its fourth meeting in San Diego, where they heard John Hudak, Deputy Director of the Center for Effective Public Management, who made an important statement,” the banking solution should be achieved for the 40 million California’s who for them this is a public health and public safety issue.” Hudak reminded the room that this isn’t just about business. It is important to make sure this industry can be tracked, traced, kept honest and regulated efficiently so that the individual knows exactly what product they are getting, where it came from, and that the tax money ends up in the treasurer where it belongs.

Ali Fakhri of EventHi, an online event management platform specific to the cannabis industry, presented a possible solution at his panel. Mr. Fakhri and Sundie Seefried, CEO of Safe Harbor Private Bank publicly announced that EventHi and Safe Harbor Private Bank, a compliance-based cannabis banking program, which is a division of Partner Colorado Credit Union were officially working together, making EventHi one of the first California businesses to work with Safe Harbor.

California Nears Recreational Cannabis

So that leads us to today, John Chiang presented a series of steps that they believe could point us in the right direction. However, although these measures are recommended the reality is there is no definitive solution to this cannabis banking issue until the federal government reschedules cannabis or Congress approves safe harbor legislation protecting financial institutions that serve cannabis businesses from federal penalties.

The Four Recommendations

Cash handling the collection of taxes and fees
To have state and local agencies contract armored couriers to pick up tax and fee payments in cash and deliver the funds to financial institutions.

Expanding cannabis industry access to banking services under current law
To have the state and local agencies create an online portal that aggregates data on cannabis business. The portal should be designed with financial institution compliance needs in mind and provide material to help institutions fulfill their know-your-customer responsibilities.

A state-backed financial institution
This would entail California creating a state-backed financial institution in California that can serve cannabis businesses directly. A public institution that would either (1) finance public infrastructure and expand banking for underserved groups, including the cannabis industry; or (2) take deposits, make loans, and provide other services primarily to cannabis producers, distributors, retailers, and related businesses.

Full access to banking services: the federal solution
This proposal is where an association is developed for cannabis-legal states, local governments, cannabis and financial service industries and law enforcement to advocate for changing federal laws.

In Conclusion

As we get closer and closer to 2018, although we don’t have an exact solution, it appears we are closer now more than ever, but the work doesn’t stop here. We all have to continue our roles as not just cannabis entrepreneurs but as advocates for this plant and this industry.

And you can do so easily by joining a cannabis industry association, reaching out and speaking to government and city officials or by continuing to educate others on cannabis and the cannabis industry.


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Marijuana Prohibition Turns 80 Years Old - Michael King

Marijuana Prohibition Turns 80

Article Published by: norml.org

Washington, DC: Eighty years ago, on October 2, 1937, House Bill 6385: The Marihuana Tax Act was enacted as law. The Act for the first time imposed federal criminal penalties on activities specific to the possession, production, and sale of cannabis – thus ushering in the modern era of federal marijuana prohibition.

“The ongoing enforcement of marijuana prohibition financially burdens taxpayers, encroaches upon civil liberties, engenders disrespect for the law, and disproportionately impacts young people and communities of color,” said NORML Executive Director Erik Altieri, “It makes no sense from a public health perspective, a fiscal perspective, or a moral perspective to perpetuate the prosecution and stigmatization of those adults who choose to responsibly consume a substance that is safer than either alcohol or tobacco.”

Congress held only two hearings to debate the merits of the Marihuana Tax Act, which largely consisted of sensational testimony by the Federal Bureau of Narcotics Director Harry Anslinger. He asserted before the House Ways and Means Committee, “This drug is entirely the monster Hyde, the harmful effect of which cannot be measured.” His ideological testimony was countered by the American Medical Association, whose legislative counsel Dr. William C. Woodward argued that hard evidence in support of Anslinger’s hyperbolic claims was non-existent.

Woodward testified: “We are told that the use of marijuana causes crime. But yet no one has been produced from the Bureau of Prisons to show the number of prisoners who have been found addicted to the marijuana habit. … You have been told that school children are great users of marijuana cigarettes. No one has been summoned from the Children’s Bureau to show the nature and extent of the habit among children. Inquiry of the Children’s Bureau shows that they have had no occasion to investigate it and know nothing particularly of it.” He further contended that passage of the Act would severely hamper physicians’ ability to prescribe cannabis as a medicine.

Absent further debate, members of Congress readily approved the bill, which President Franklin Roosevelt promptly signed into law on August 2, 1937. The ramifications of the law became apparent over the ensuing decades. Physicians ceased prescribing cannabis as a therapeutic remedy and the substance was ultimately removed from the US pharmacopeia in 1942. United States hemp cultivation also ended (although the industry was provided a short-lived reprieve during World War II). Policy makers continued to exaggerate the supposed ill effects of cannabis, which Congress went on to classify alongside heroin in 1970 with the passage of the US Controlled Substances Act. Law enforcement then began routinely arresting marijuana consumers and sellers, fueling the racially disparate, mass incarceration epidemic we still face today.

Despite continued progress when it comes to legalizing or decriminalizing the adult use of marijuana, data from the recently released Uniform Crime Report from the FBI revealed that over 600,000 Americans were arrested for marijuana offenses in 2016.

After 80 years of failure, NORML contends that it is time for a common sense, evidence-based approach to cannabis policy in America.

“Despite nearly a century of criminal marijuana prohibition, the demand for marijuana is here to stay. America’s laws should reflect this reality and govern the cannabis market accordingly,” stated NORML Deputy Director Paul Armentano, “Policymakers ought to look to the future rather than to the past, and take appropriate actions to comport federal law with majority public opinion and the plant’s rapidly changing legal and cultural status.”


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Ending Marijuana Prohibition in U.S. Gets Record Support - Michael King

New Gallup Poll Finds Record Support for Making Marijuana Legal in U.S. – 64%

Article Published by: mpp.org

Marijuana is currently legal for adults in eight states and the District of Columbia; several more states to consider regulating marijuana like alcohol in 2018.

Statement below from the Marijuana Policy Project, the nation’s largest marijuana policy organization

WASHINGTON — A new Gallup poll released Wednesday shows support for making marijuana legal in the U.S. has reached a record level of 64%, up from 60% last year and 50% in 2011.

This year’s national survey shows the greatest approval for ending marijuana prohibition in the history of the study, and the first time that a majority of those who identify as Republicans support making marijuana legal (51%).

Voters in eight states have passed initiatives regulating and taxing marijuana similarly to alcohol, and marijuana is legal for adults in the nation’s capital. Earlier this year, Vermont became the first state to approve a bill through its legislature that would have made marijuana legal for adults before being vetoed by the governor.

Advocates in Michigan are expected to qualify an initiative for the ballot next year that would regulate marijuana for adults, and at least 18 states are expected to have legalization bills introduced during their 2018 legislative sessions.

Statement from Morgan Fox, director of communications for the Marijuana Policy Project:

“It makes sense that support for ending marijuana prohibition is increasing. Americans are tired of wasting resources arresting hundreds of thousands of individuals every year for using a substance that is safer than alcohol. In the five years since the first states made marijuana legal for adults, it has become increasingly clear that — unlike prohibition — regulation works. Adult-use marijuana laws create jobs, generate tax revenue, and protect consumers while taking the marijuana market out of the hands of criminals.

“As public support for ending marijuana prohibition continues to grow, it is crucial that states continue to be given the freedom to serve as laboratories of democracy. We urge the Department of Justice in particular to continue its policy of not interfering in states with well-regulated adult-use and medical marijuana programs while lawmakers catch up to the will of the people.”


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Tommy Chong Isn’t Scared of Jeff Sessions' Threats - Michael King

Tommy Chong Isn’t Scared of Jeff Sessions’ Cannabis Crackdown Threats

Article Published by: merryjane.com

The original stoner comedian wants to move into canna-business full-time, no matter what the Trump administration says.

Tommy Chong won’t be backing down in the fight for cannabis freedom.

In the face of Attorney General Jeff Sessions’ continued threats against America’s state-approved legal weed industries, one-half of the country’s oldest 420-friendly comedy duo is confident the Trump administration’s cannabis obsession will fizzle out before any real harm can be done.

“No, the genie is out of the bottle,” Tommy Chong said in an interview with the Biloxi Sun Herald. “They found out that all of that propaganda against marijuana is a lie — everything that Trump has done is a lie, so it’s just a matter of time before the lie eats itself, especially when you lie like that.”

The Up In Smoke star will be playing a show with his his longtime comedy partner Cheech Marin in Mississippi later this week, and carved out some time to talk to the Biloxi newspaper about what he believes will be a bright future for legal weed, even with at least three more years of the current anti-cannabis federal administration.

“They are finding so many uses for marijuana,” Chong told the Sun Herald. “It’s also non-addictive — how are you going to tell people that are addicted to opioids that marijuana is bad for you because some rehabs are using it to help get people off opioids — it’s a gateway drug but the gate is swinging the other way now, it’s swinging toward life.”

Tommy Chong, the ganjapreneur behind Chong’s Choice, a legal marijuana brand sold across the West Coast, has never shied away from his cannabis advocacy, even serving federal jail time for his role in the bust of an online cannabis paraphernalia seller in 2003.

In the years since his release from prison, Chong has spread his legal cannabis brand across America’s legal dank destinations, graduating from just flowers to infused chocolates, vape cartridges, and edible breath mint strips.

To hear more about Chong’s transition from comedian to marijuana mogul, check out MERRY JANE’s recent interview with the cannabis pioneer here.


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Neil deGrasse Tyson: No reason for weed to be illegal - Michael King

Neil deGrasse Tyson agrees with Carl Sagan: There’s “no reason” for weed to be illegal

Article Published by: mjinews.com

Astrophysicist Neil deGrasse Tyson, among the most well-known living scientists this side of Stephen Hawking, said this week that “there’s no reason for [marijuana] to ever have been made illegal.”

The remark came in response to a question submitted by Tom Angell of the pro-legalization group Marijuana Majority. Angell asked Tyson if he agreed with astrophysicist Carl Sagan that marijuana should be legalized.

“If you really analyze it,” Tyson said, “relative to other things that are legal, there’s no reason for it to ever have been made illegal in the system of laws.”

“That is extremely rational, which I expect from you, and you’re absolutely right,” replied host Chuck Nice.

“Alcohol is legal,” Tyson added, “and it can mess you up way more than smoking a few J’s.”

Nice then spent several minutes ribbing Tyson over his archaic choice of marijuana slang.

“The last time I was like, in a cloud of it? That’s how people spoke,” Tyson said.

Neil deGrasse Tyson has in many ways followed the late Carl Sagan’s footsteps in becoming a well-known evangelist for space science and the scientific method more broadly. Sagan, most famous for the television series “Cosmos” (which Tyson later rebooted), was a lifelong marijuana user who wrote extensively — albeit privately — about what he saw as the benefits of the drug.

“The illegality of cannabis is outrageous,” Sagan wrote in an anonymous essay for the 1971 book “Marihuana Reconsidered,”

“an impediment to full utilization of a drug which helps produce the serenity and insight, sensitivity and fellowship so desperately needed in this increasingly mad and dangerous world.”

Neil deGrasse Tyson has been more circumspect on the merits of drug use, at least publicly. “I don’t count myself among active recreational drug users,” Tyson said in a 2015 Reddit AMA. “For me, the least altered state of awareness I can achieve is the one I seek, because that one is most likely to be closest to reality.”

J’s and altered states aside, Tyson’s argument against prohibition is on fairly sound scientific footing: Public health experts generally agree that relative to alcohol, marijuana is less-habit forming, less toxic to the human body, less of an impairment to driving and much less linked to violent behavior. President Richard Nixon placed the drug in the most restrictive category of federal prohibition in 1972, overruling the recommendation of his own marijuana task force, which argued that the drug wasn’t particularly dangerous and shouldn’t be federally prohibited.

Tyson’s remarks were also similar to ones by President Barack Obama in 2014. “I don’t think [marijuana] is more dangerous than alcohol,” he told the New Yorker. “As has been well documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life.”

An August Quinnipiac poll found that more than 61 percent of Americans now say marijuana should be legal, 94 percent support the medical use of marijuana, and fully three-quarters oppose the federal government enforcing marijuana laws in states that have legalized it.


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Cayman Islands Make Medical Cannabis Introduction - Michael King

The Cayman Islands Make Ground-Breaking Medical Cannabis Introduction

Article Published by: medicaljane.com

In response to mounting evidence supporting the effective use of medical cannabis to treat chronic pain, seizures, and many other health problems, and in the face of case studies revealing life changing results for patients who incorporate cannabis into their healthcare plan, the Cayman Islands are making a ground-breaking medical cannabis introduction.

Medical Cannabis Introduced in Grand Cayman

Grand Cayman’s CTMH Doctors Hospital and Cayman Pharmacy Group have introduced medical cannabis for physician-selected patients who are residents in the Cayman Islands. During this initial phase, the primary focus is to engage and educate patients, and to track their progress.

“There will be follow-up phone calls from the pharmacists themselves to closely monitor each patient. The pharmacist will also provide feedback for the physicians and together they will work towards an individually tuned treatment plan,” the hospital stated. “Professional Pharmacy will consider prescriptions for cannabis oil from all licensed prescribers. Patients are encouraged to seek medical advice on this therapy directly from their physicians.”

As with all prescriptions in the country, Professional Pharmacy provides free and confidential patient counseling on prescriptions they dispense, and this same service will be offered for cannabis treatments.

Cannabis Oil Needs to be Imported

For the time-being, cannabis oil must be imported to the islands. According to a press release, CanniMed Therapeutics Inc. will export 12,960 ml of CanniMed® oils to Caribbean Medical Distributors Ltd., located in the Cayman Islands.

CanniMed Therapeutics is a Canadian-based, international plant biopharmaceutical company with 15 years of pharmaceutical cannabis cultivation experience. In addition, CanniMed has an active plant biotechnology research and product development program focused on the production of plant-based materials for pharmaceutical, agricultural, and environmental applications.

Caribbean Medical Distributors Ltd. is working with Professional Pharmacy Services Ltd., located in the CTMH Doctors Hospital (George Town, Cayman Islands) to dispense the cannabis oil.

Cannabis-based treatments are approved for use only in the Cayman Islands and the medicine cannot legally cross international borders. For example, patients cannot carry medical cannabis into other countries, even with a prescription.

Warren Takes Cannabis Debate in Cayman to the Next Level

Dennie Warren Jr. was instrumental in persuading the current administration to take a leap from some of the world’s most oppressive laws against the use of the cannabis plant to legalizing the use of extracts under prescription. Warren is now running for office in George Town West as an independent candidate, and one of his main political platforms focuses on the need for Cayman to “grow its own.”

Warren believes Cayman could better manage the quality and availability of cannabis if it was grown on the Island, rather than being restricted by the laws of exporter countries. Though the law in Cayman was changed last November and an import certificate for cannabis oil has been approved locally, issues around exporting it from the countries that grow cannabis complicates the process.


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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Americans favor marijuana legalization more than ever - Michael King

Latest Gallup poll: Americans favor marijuana legalization more than ever

Article Published by: thecannabist.co

By Alicia Wallace, The Cannabist Staff

Americans’ support for marijuana legalization has reached a new high, the latest Gallup poll shows.

Gallup poll results released Wednesday found that 64 percent of adult survey respondents said they thought the use of marijuana should be made legal. It’s the highest total in Gallup’s nearly 50 years of posing the question.

It’s also the first time that a majority of Republican respondents favored legalization.

The survey of 1,028 Americans over the age of 18 also found that 51 percent of respondents with Republican political affiliation said they supported legal marijuana. That’s up from 42 percent in 2016. Although more Democrats favored legalization — up to 72 percent from 67 percent — support fell among Independents to 67 percent from 70 percent.

“The trajectory of American’s views on marijuana is similar to that of their view on same-sex marriage over the past couple of decades,” Gallup officials wrote in the release of the marijuana poll results. “On both issues, about a quarter supported legalization in the late 1990s, and today 64 percent favor each. Over the past several years, Gallup has found that Americans have become more liberal on a variety of social issues.”

When Gallup first posed the marijuana legalization question in October 1969, only 12 percent of respondents were in favor. A whopping 84 percent sat opposed.

The levels of support slowly climbed in the decades that followed, settling in at 25 percent in the 1980s and 1990s and in the mid-30 percent range during the early 2000s.

Fourteen years ago, public opinion was an inverse image of where it’s at today: 64 percent of adults surveyed opposed marijuana legalization, 34 percent said it should be legal and 2 percent had no opinion.

Public opinion has been in step with successful marijuana legalization efforts across the United States, Gallup officials said.

In late November 2012, following the states of Colorado and Washington voting to legalize the recreational use of marijuana, the Gallup marijuana poll showed support of legalization at 48 percent. That climbed to 58 percent by October 2013.

Last year — in advance of nine states voting on legalization measures, eight of which passed — Americans favored legalization at a level of 60 percent. A Quinnipiac poll released in August showed that 61 percent of those polled agreed that “the use of marijuana should be made legal in the United States.”

The Gallup poll released Wednesday was conducted Oct. 5 through 11. The margin of sampling error was plus or minus 4 percentage points.


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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How To Get Your Legal Weed Permits in California - Michael King

How To Get Your Legal Weed Permits in California

Article Published by: hightimes.com

It’s officially time to start looking into legal weed permits in California! The state is about to fully legalize recreational cannabis. If you want to break into the industry, it’s time to prepare.

The Steps For Licensing

The new year is a time for new beginnings.

In California, January 1, 2018, will mark the day when the Golden State starts the task of issuing legal weed permits in California. For those in the state who hope join the Green Rush and get in on the action, this date is everything.

If you’re planning on starting your own weed business, here’s a simplified, yet comprehensive, guide on how to start.

First Thing’s First

There are two important things to know before we start. If you’re an eager beaver and planning to apply for legal weed permits in California during the first couple of months of legality, you will only be able to get a temporary license.

This is because the state still has not finalized everything regarding regulation on their end.

And before you can obtain a statewide permit, you will need to apply for and be granted a local permit. Since both local and state permits are necessary to start and maintain cannabis businesses, you will also need to wait until your city finalizes local regulations.

The Application

You will be able to submit your application one of two ways. You can send your application through the mail if you don’t trust the Internet. Or you can apply online if you don’t trust the humans working in the mail system.

Either way, you’ll need the following four things:

1. Permission from the Government

This should be obvious, but unless you can show proof that you’re authorized to open a cannabis business, you won’t be able to move forward with your application for legal weed permits in California.

2. Business Information

You don’t need to present a detailed business plan.

For this component, you pretty much just need the basics of your business. Useful and required information includes the name of the business, relevant contact information and a brief summary of what your business will be.

And speaking of what kind of business you’re planning on having…

3. Your Desired Type and Class of License

You’ll need to officially decide upon what avenue you’re traveling on in terms of business.

In other words, pick a side: medical cannabis or recreational cannabis.

From there, you will need to specify what kind of business you will be running. Some options for this include retailer, testing lab and distributer, among others.

4. A Basic Floor Plan

This doesn’t have to be too detailed. The people reviewing your application just want to know the layout of the rooms and divisions of your business.

When you submit an application for a permanent license, though, you’ll need to provide more details, like what kind of security measures you will have.

Final Hit: How To Get Your Legal Weed Permits in California

None of this sounds too daunting, right?

Compared to the college application process, this seems like a walk in the park. Hey, no one’s asking you to write an essay explaining why you’re special and different from the millions of other students vying for a spot!

Again, keep in mind that this is a simplified and streamlined guide to legal weed permits in California. For more detailed information, visit the official website of the state’s Bureau of Cannabis Control. Good luck, everybody!


About Michael King

Michael King is an experienced professional with a background in finance, private equity, real estate and consulting. He is currently a principal in one of the leading Cannabis consulting firms in the country — Duard Ventures.

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