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