“Our goal is to make this business legitimate,” Morris told the crowd. “What we’re working for is a legitimate marketplace.”
Under both the state’s medical marijuana regulations and Proposition 64, California must be ready to issue licenses by 2018 for thousands of businesses operating in California, home of America’s largest marijuana economy.
Proposition 64 will create 19 new license categories for recreational marijuana while establishing a 15 percent excise tax on retail sales and a cultivation tax on growers of $9.25 per ounce for marijuana flowers (or buds) and $2.75 per ounce for marijuana leaves.
In addition to the Bureau of Marijuana Control, state agencies on public health, taxation, consumer affairs, water, fish and wildlife, and pesticide control all will play a part in regulating cannabis. California’s 58 counties and 482 cities will decide on local rules, including whether to accept or ban pot businesses or commercial cultivation.
“We will not fail. We will make this happen by Jan. 1, 2018, because we have to,” Ajax said. “It may not be pretty. But we will get there.”
She added: “We do agree you need to get your product to market in as quick and as easy of a fashion. The last thing we need is a clunky system.”
In : Marijuana Regulation