MJBizMag August 2020 - 27

California
The Los Angeles City Council's decision to double the number of social equity retail
marijuana licenses from 100 to 200 was the result of a legal settlement, according
to a plaintiff in the lawsuit. Another 602 retail applicants who tried to win permits
last fall remain out of luck. In unrelated news, the three regulatory agencies that
oversee California's marijuana industry said they're offering license fee payment
deferrals of up to 60 days for business permits expiring in July and August.
Colorado
The state legislature passed a bill that would reserve some cannabis licenses for
social equity applicants and offer financial incentives to help get these businesses
off the ground. Separately, the city of Denver issued MedPharm the first medical
marijuana research and development license to study MJ-related treatments for
diseases. The permit allows the company to cultivate, process, manufacture and
transfer marijuana to other laboratories or cannabis businesses for research
purposes. MedPharm's first project will be to study marijuana's effect on
Alzheimer's and dementia. The company is also seeking partnerships.
Florida
The state Supreme Court delayed a second set of oral arguments for a case in
which Tampa-based Florigrown alleged that licensing limits imposed by a 2017
law violated the MMJ constitutional amendment approved by Florida voters in
2016. If Florigrown's case is successful, it could open up stand-alone licensing
opportunities in Florida's vertically integrated medical marijuana market. However,
the state's high court, which held oral arguments on the issue in early May, won't
hear a second set of arguments until Oct. 7; industry officials had expected a ruling
this summer.
Illinois
Gov. J.B. Pritzker delayed the issuance of 80-plus marijuana business permits;
now it's unclear when the licenses might be granted. The permits originally to
be awarded July 1 included 40 new craft cultivation permits, 40 infuser licenses
and an uncapped number of transporter permits. The delay has some applicants
worried they could be forced to pay rent on business properties while they wait,
since the state required applicants to have locations lined up before the licenses
were awarded. Permits for 75 storefront licenses still have not been granted,
although the plan was to distribute them earlier this year.
August 2020 | mjbizdaily.com 25
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MJBizMag August 2020

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