April 30th Deadline Looming For Cannabis Businesses Operating Under Temporary Licenses
The California Bureau Of Cannabis Control (the “BCC”) announced that temporary licenses for retailers, distributors, microbusinesses, testing laboratories and cannabis event organizers that were issued with an effective date of January 1, 2018 will expire on April 30, 2018.
Extension Available
Temporary licenses may be extended for 90-day periods if the licensee submits a complete annual license application before the expiration date.
To submit a completed annual license application, you must submit documents as requested for each component of the application. After the BCC receives your completed application, the BCC may extend your temporary license. The BCC will then perform a substantive review of the documents provided as part of the application to determine if all requirements are met. If the BCC determines that the documentation is insufficient, you will be notified by the BCC.
No extensions will be granted to temporary licensees who do not submit an annual license application prior to the expiration date on their license. If the temporary license expires, the business will be required to cease operations until an annual license has been issued, as operating a commercial cannabis business without an active state license is a violation of the law.
Live Scan Requirement
One of the requirements for the annual license application is that Live Scan fingerprinting be completed for each person who qualifies as an “owner” of the business. The ‘Request for Live Scan’ form will be sent to the applicant via email or mail once the annual application has been submitted to the BCC. The Live Scan form can be taken to any Live Scan operator to have your fingerprints submitted to Department of Justice. The below link provides a list of locations for Live Scan fingerprinting services available to the public: https://oag.ca.gov/fingerprints/locations
Accessing The Annual License Application
The annual license application is available through an online system accessible on the BCC’s website http://online.bcc.ca.gov
Each temporary application that was issued must have a separate annual application submitted to the BCC.
What Should You Do?
It is enough that cannabis businesses have to deal with the uncertainty of the Federal government in enforcing the Federal law that makes it a crime to possess and sell cannabis. Make sure that your cannabis business is in compliance with California Cannabis Licenses And Taxes by engaging the tax attorneys at the Law Offices Of Jeffrey B. Kahn, P.C. located in Orange County (Irvine), Inland Empire (Ontario) and other California locations. We can come up with solutions and strategies to these challenges and protect you and your business to maximize your net profits.
