Oct. 15-21, 2019 Dispensary Compliance Updates
In California, at the close of the 2019 CA legislative session, several noteworthy cannabis bills were signed into law:
- Under AB-37, the state tax code will depart from Internal Revenue Service policy when it comes to 280E, allowing licensed state cannabis firms to take deductions just like other businesses.
- SB-34 allows businesses to provide free medical cannabis to low-income patients and exempts those products from state taxes.
- SB-153 directs state officials to develop and submit to the U.S. Department of Agriculture an industrial hemp program plan in accordance with the provisions of the 2018 Farm Bill.
- Other signed legislation in California is outlined here!
The Colorado Department of Revenue, Marijuana Enforcement Division’s (MED) permanent rulemaking hearing is scheduled for October 15, 2019. The proposed permanent rules will repeal and replace the Colorado Medical Marijuana Code and the Colorado Retail Marijuana Code effective January 1, 2020.
In Oregon, the OLCC voted to enact an emergency 6 month ban on flavored vaping products. Importantly, the ban does not include products flavored only with cannabis derived terpenes and goes into effect on October 15th (no sales after the close of business on the 14th).
In Washington, the LCB published guidance about the state’s flavored vaping ban effective October 10, 2019.
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