Parsing Marijuana’s Performance in the 2018 Legislative Session
California’s 2018 legislative session saw a number of cannabis-related proposals. As Marijuana Business Daily notes, this session was a "mixed bag," with some notable victories -- as well as some major disappointments -- for the state’s cannabis industry.
Cannabis-related bills that passed the Legislature include:
• SB1459, which establishes provisional licenses for cannabis companies awaiting their annual permits.
• SB 311, which permits licensed distributors to sell and transport products to other distributors.
• AB 1863, which allows cannabis businesses to deduct standard business expenses under the state personal income tax.
• AB 1741, which allows marijuana businesses alternative methods of payment aside from electronic funds transfer when paying state taxes.
• AB 829, which allows certain cannabis businesses to distribute cannabis to medical patients free of charge.
• AB 2020, which expands venues for cannabis festivals.
Among the bills that failed was one which would have temporarily reduced the state marijuana excise tax, a bill that would have created state-chartered banks to handle marijuana transactions, and legislation allowing cultivators and manufacturers to obtain temporary retail licenses in order transport and sell their goods.