Griffen Thorne’s Post

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Partner @ Lewis Brisbois | Business Transactions

Newsom just signed and vetoed a bunch of cannabis bills. Here are a few: 1 - AB-1775 (signed) will allow licensed consumption lounges to sell non-alcoholic beverages and food, as well as tickets for live events. This will be a big change for consumption lounges, though to be fair there are not many in California and cities will also have to authorize them. 2 - SB-1059 (signed) will stop cities from including excise tax and sales and use tax in their definitions of "gross receipts" for purposes of taxing retailers. This should give retailers a much needed break - albeit not nearly enough - on local taxation. 3 - AB-1111 (vetoed) would have allowed certain small cultivators to obtain "small producer event sales licenses" to sell cannabis at certain licensed events. It really makes little sense why this was vetoed, as the pool for sales would have been definitionally very small. This certainly isn't exclusive of all the cannabis bills Newsom signed or passed this week, but these are some of the bigger highlights.

Governor Newsom Signs Cal NORML-Sponsored  Cannabis Café Bill into Law

Governor Newsom Signs Cal NORML-Sponsored  Cannabis Café Bill into Law

https://www.canorml.org

Andy B

707-616-7864 Legacy farmer, Distributor, Manufacturer, Retailer, and Processor atHumboldt Trim Company

2mo

I think the lounge bill is long overdue. I’ll take it as a win! And what no more tax on the tax on the tax ! Only took 5 years

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