More licenses that are Yearly are approved by california cannabis regulators

California cannabis regulators approve more Yearly licenses

The California Bureau of Cannabis Control on Friday announced the approval of a dozen annual marijuana business allows for 10 retail locations, 1 distributor and one event organizer.

The approvals came just days after California’s two other regulating agencies – the Department of Food and Agriculture (CDFA) and the Department of Public Health (CDPH) – started handing out annual permits.

The BCC approved licenses for:

Bud Technology (California City) received a distribution license and higher End Society (Los Angeles) an occasion permit.

The applicants must now pay a last fee before their licenses are issued, the BCC said in a news release.

The BCC thus far has obtained 1,053 applications for full annual cannabis business permits – including retailers, vendors, testing labs and microbusinesses – spokesman Alex Traverso wrote in an email to Marijuana Business Daily. That total stands to almost 4,000 applications for BCC licenses the agency has received thus far.

While the CDPH has received for production by comparison, the CDFA has obtained 2,547 software for annual cultivation licenses.

That’s a total of 3,973 commercial cannabis business licenses for the complete California marketplace, should all applications be granted.

The beginning of the license period also marks the beginning of California’s track-and-trace program, which all licensees that are annual must use. 

Released at Fri, 02 Nov 2018 22:30:02 +0000

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