County covers library deficit with cannabis revenue

Santa Maria Sun, October 15, 2019

Supervisors chose to allocate $68,500 from revenue generated by the county’s cannabis enforcement and compliance operations to fully fund the libraries for the 2019-20 fiscal year.

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New California laws allow some marijuana firms to deduct expenses on state returns, help normalize MJ as ag commodity

Marijuana Business Daily, October 15, 2019

Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators.

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Cannabis prohibition has deadly effects

San Francisco Chronicle, October 14, 2019

Cannabis prohibition’s ill effects go beyond cavalier indifference to public safety; its effect on medical research has led to dubious medical claims, further muddying the waters. Prohibitionist policies both cripple the legal market of good and regulated actors, and ensure that the illicit market flourishes at its expense by cutting corners, adulterating products, and illegally shipping unsafe products across state lines.

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Region abuzz with potential for weed-wine tourism

Pacific Coast Business Times, October 11, 2019

A new kind of tourism has sprung up in California with the legalization of cannabis. Although a unified regional effort in the Tri-Counties appears to be a ways off, growers and industry leaders are interested in crafting a cannabis tourism experience for a region with multiple growing areas and legal dispensaries.

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Department of Business Oversight Issues Cannabis Banking Guidance

California Department of Business Oversight, October 3, 2019

California Cannabis farmers, especially many of us who have transitioned from traditional crop farming and are moving toward a more diverse cultivation model that is more sustainable are very pleased and applaud the Governor for signing SB 657 and SB 527. Taken together will these new state laws will allow cannabis and hemp farming to be more aligned with the recently passed Federal Farm Act of 2018 and other local and state measures that help provide economic stability in cannabis cultivation.

John De Friel, CEO of Central Coast Agriculture

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