The California Department of Cannabis Control (DCC) has adopted the final version of cannabis regulations. These regulations went into effect on November 7, 2022. The full text of the regulations can be found here. A summary of the major changes affecting all license types is below. Stay tuned for more – next week’s blog post …
On June 30, 2022, California Governor Gavin Newsom signed a $308,000,000,000 state budget and implementing legislation including AB195. Most headlines regarding the new state budget concern direct tax refunds to Californians, combatting homelessness and reproductive care. But AB195 makes important changes to taxation of California commercial cannabis businesses, enforcement, and delivery. KVK is issuing the …
Continue reading “California Governor Gavin Newsom Approves Cannabis Trailer Bill: AB-195”
Join the Cannabis Section of Los Angeles County Bar Association for a discussion with Jason Killeen, Assistant Executive Director of Licensing, Compliance and Administration for the Los Angeles Department of Cannabis Regulation (“DCR”), led by Yelena Katchko of Katchko, Vitiello & Karikomi, PC. Please join us for this timely and in-depth discussion about recent …
Continue reading “KVK in Conversation with DCR’s Assistant Executive Director”
The City of Los Angeles Department of Cannabis Regulation will accept Social Equity Individual Applicant verification requests from May 26, 2022, to July 25, 2022, at 4:00 p.m. Pacific Time. The requirements for the Social Equity Individual Applicant verification are below. Verification of a Social Equity Individual Application (“SEIA”) is required to submit a commercial …
There are some exciting cannabis tax bills currently pending in the California legislature that, if passed, will affect your businesses. Below is a summary of key changes proposed by these important tax bills. AB 2792 – Cannabis; Excise Tax; Cultivation Tax Author: Blanca Rubio and Cristina Garcia This bill, if passed, would: Eliminate mark-up …
In anticipation of the cannabis industry’s celebration of 4/20, the following are tips and reminders for cannabis retailers to remain compliant: Marketing / Advertising BRANDED MERCHANDISE If you are preparing to sell, donate, or give away Branded merchandise on 4/20, please do not forget that any Branded Merchandise that is sold or given to customers …
Continue reading “Is Your Cannabis Business 4/20 Compliant?”
The Corporate Transparency Act (the “CTA”) is part of the Anti-Money Laundering Act of 2020, which in turn is part of the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”). The CTA’s purpose is to implement uniform federal ownership disclosure for every company in the United States. Owners of licensed commercial cannabis businesses are …
Continue reading “Are You Aware of the Corporate Transparency Act and How it Affects your Business?”
On January 1, 2022 the California Department of Food and Agriculture implemented new regulations regarding the California Cannabis Appellations program. The Appellations Program allows Licensed Cannabis Cultivators to establish an Appellation of Origin (“AOO”) which allows the cultivators to market their cannabis as produced from a geographically specific and unique region. Essentially, an AOO makes …
Continue reading “New Regulations – Appellations Of Origins”
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