Well, the big Cannabis Control Board (CCB) meeting happened on May 11, 2023, and it was as action packed as advertised. There were rules and regulations, Conditional Adult-Use Retail Dispensary (CAURD) licenses issued, and heated exchanges between the regulators. Here are the key takeaways:
The revised adult use rules were released
As expected, the Office of Cannabis Management (OCM) posted the revised adult-use rules and regulations on its website on May 10, 2023. We will follow up with a detailed breakdown of the changes, but here are some high level items:
actually securing real estate prior to submitting an application is no longer required. The revised rules and regulations allow the CCB to issue a provisional license if all of the required materials are provided except for information about a secured location. All dispensaries and microbusinesses will have the ability to include on-site consumption, with the on-site consumption rules and regulations forthcoming. The timeline for the 10 existing Registered Organizations (“ROs”), i.e. existing medical licensees, opening adult-use retail dispensaries was moved up, with each RO allowed to enter the adult-use market with one location after December 29, 2023, and two more locations after June 29, 2024. As part of
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