California Governor Approves Changes To Marijuana Banking And Labeling Laws
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Among the biggest of the new changes are revisions to banking and advertising laws.
With many legal marijuana businesses are still unable to access financial services, Newsom signed a bill (AB 1525) to remove state penalties against banks that work with cannabis clients.
In his signing statement on the banking bill, Newsom directed state cannabis regulators to establish rules meant to protect the privacy of marijuana businesses that seek financial services, urging that data be kept confidential and is used only “for the provision of financial services to support licensees.”
regulated.
Under the new law, growers and processors under the new law will be forbidden from using the name of a city or other designated region in product marketing unless all of that product’s cannabis is grown in that region. Similar protections already apply at the county level.
“I have directed my administration to consolidate the state regulatory agencies that currently enforce cannabis health and safety standards to pursue all appropriate measures to ease costs and reduce unnecessary packaging,” he wrote. “This proposal should be considered as part of that process.”
process.”
Newsom also last week vetoed a bill (AB 545) that would have begun to dissolve the state Bureau of Cannabis Control, which oversees the legal industry. In a statement, the governor called that legislation “premature” given his plans for broader reform.
Another bill (SB 67) the governor signed on Tuesday will finally establish a cannabis appellation program, meant to indicate where marijuana is grown and how that might influence its character. The system is similar to how wine regions are regulated.
California Gov. Gavin Newsom (D) signed a handful of marijuana bills into law on Tuesday, making a series of small adjustments to the nation’s largest legal cannabis system. More sweeping proposals such as overhauling the state’s marijuana regulatory structure will have to wait until next year, the governor said
New Jersey Governor Works To Get Out The Vote For Marijuana Legalization Referendum
“Legalization would right those wrongs while also spurring massive economic development opportunities, job creation, and new tax revenue,” he said. “Now, we have the opportunity to get this done and finally legalize adult-use marijuana here in the Garden State, and I need your help to make it happen. Vote Yes on Public Question #1 on your ballot.”
Vermont Bill To Legalize Marijuana Sales In Question After Governor Cites Racial Justice Objections
In a letter sent to the governor last week, the Vermont Racial Justice Alliance argued that the bill “fails to address in any significant way the devastating historical social and economic impact of marijuana on African Americans, the current impact of systemic racism on the cannabis industry or the disadvantages of emerging growers!”
“In short, Black people and small farmers are not made whole and fail to economically benefit from this bill,” it states. “Please veto this policy to give us the opportunity to ensure that it addresses harm and provides everyone an opportunity to thrive.”
The Vermont Growers Association similarly voiced opposition to S. 54, writing in a recent statement that the bill “will make life harder for everyday Vermonters by artificially limiting economic development opportunities by favoring established players and creating unreasonable barriers to market entry for new participants.”
“The legislators who developed S. 54 clearly intend to replace prohibition with an equitable, regulated industry—such as by prioritizing licensing for minority-owned businesses,” he said. “Further advocacy will be needed to ensure that the bill lives up to its promises, but the status quo is unacceptable and Vermont urgently needs to move forward.”
Under the cannabis commerce bill, a new Cannabis Control Commission would be responsible for issuing licenses for retailers, growers, manufacturers, wholesalers and labs. The body would also take over regulation of the state’s existing medical cannabis industry from the Department of Public Safety .
Gov. Phil Scott (R) had previously centered his criticism of the policy change on issues such as impaired driving, taxes and local controle.,