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California Gives Marijuana Businesses More Time for Compliance

Regulators are extending provisional permits for another 90 days.

California

The transition to a fully regulated cannabis industry is taking California a bit longer than anticipated.

While state regulators scramble to extend temporary marijuana business licenses, they’re also considering whether to extend a grace period that gives operators extra time to comply with strict new industry standards.

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As of Monday, a tenth of the 6,000 temporary cannabis licenses state regulators have issued were set to expire by May 1, which marks the four-month anniversary of the start of legal recreational marijuana sales in California. A third of all existing licenses were due to lapse by the start of June.

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The state hasn’t issued any full annual licenses yet. And the first approvals are likely still at least four weeks out.

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Top photo courtesy of Adobe Stock

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