COVID & Recession Creates Even More California Cannabis Start Up Opportunities
Jul 9, 2020
SACRAMENTO, Calif., July 10, 2020 /PRNewswire/ -- Due to the ravaging pending and projected impact of the COVID19 pandemic on local job markets and commercial property occupancy rates throughout California, more cities and counties are looking to embrace cannabis businesses as a lifeline to new taxes, fees, tenants and employment options.
Despite Prop 64's historic 2016 victory, only approximately one-third of the state's jurisdictions permit cannabis activities to operate today, with Retailer Dispensaries and outdoor cultivation being the most rarely allowed.
Indoor Cultivation sites using LED with strict odor controls are not permitted in the majority of California cities and counties despite legalization and hefty tax contributions to state and local coffers.
Cities and counties leaders who are granted final authority to allow, prohibit or greatly limit cannabis activity and were only months ago blessed with stuffed tax coffers, high commercial property occupancy rates and a very low unemployment are now looking to regulated cannabis for help. The perceived hassle and risk associated with permitting cannabis commerce, including the design and implementation of the local application process needed, is now seen as necessary to survive.
Chris Cox, founder of BeGreenLegal, a leading California Cannabis Consulting firm that helps companies get and keep their licenses, says, "The number of Storefront and Delivery Retailers open in California is likely just one-tenth of what is needed to properly and safely serve the consumer and patient market. To make matters worse, the existing roster is heavily weighted in a few areas, leaving very large portions of California communities massively underserviced."
Those interested in joining the "green rush" should be on the lookout for the most common rollout patterns in their target markets. "We're already seeing a rush of new local tax measures being put before voters in November. Taxation rights, as well as requests for staff reports and draft ordinances, are the first steps towards applications, which all have to happen before application windows open." Cox says adding, "The City Councils and County Supervisors seem to be learning from their peers' mistakes by establishing easier, quicker and less politically-charged approval processes."
Cox advises, "Entrepreneurs that are ready to take advantage of this momentum swing may have a shortcut that saves hundreds of thousands, or even millions compared to the earlier, bleeding edge applicants."
ABOUT BEGREENLEGAL CONSULTING:
Based in Sacramento, BeGreenLegal Consulting helps new and veteran cannabis businesses by developing custom and comprehensive business strategies before implementing their industry-leading processes to identify optimal locations, compose winning applications and to support their clients during and after the licenses are approved.
Press Contact - Chris Cox, [email protected], (916) 758-8470
SOURCE BeGreenLegal Consulting
Related Links
More News
Scientists name newly discovered snake after Guns N' Roses' Slash
Scientists name newly discovered snake after Guns N' Roses' SlashIn a surpising update, scientists named a newly discovered snake species from New Guinea Lielaphis slashi in honor of the legendary Guns N’ Roses guitarist 'Slash'.Slash, also known as Saul Hudson, is famous worldwide as the...
Uber to Pay $40 Million to Parents of Woman Fatally Hit by Car
Emily Normandin-Parker, 23, was struck and killed on a California freeway after an Uber driver ordered her and a friend out of his car in August 2023.
Rogue AI swarm used a University of Toronto link-shortening tool to communicate
A swarm of rogue OpenAI agents that hijacked a German website in the spring reportedly also used at least 10 other websites for unsanctioned communications earlier this year, including a link-shortening tool at the University of Toronto.
Indian-origin researchers used Claude AI to hack OpenAI’s systems—got ₹6.27 lakh reward
The three-member team from cybersecurity firm Hacktron AI included chief technology officer Mohan Pedhapati, along with researchers Harsh Jaiswal and Rahul Maini.
Public Exploits Released for Four Linux Kernel Flaws That Enable Local Root
A security researcher has released working exploit code for four Linux kernel flaws that each let a local user gain root, the highest level of access on a machine. Kernel maintainers have fixed all four over the past few weeks, so a system running an up-to-date kernel is not affected. But the exploit code is now public, and any machine still running an older kernel should be updated. The flaws
SpaceX secures three new NASA crew flights: What to know
NASA has awarded SpaceX a contract modification for three additional missions to continue regular crew transportation to the International Space Station.Under the agency’s Commercial Crew Transportation Capability contract, this significant change brings the total awarded missions for SpaceX...
California Governor Gavin Newsom Issues A.I. Safety Executive Order
Gov. Gavin Newsom ordered the state to develop recommendations on safety measures, including requiring companies to build a “kill switch,” amid mounting concerns.
New WordPress Click2Shell Flaw Forces Theme Installs, Can Chain to Code Execution
WordPress today released patches to fix a new set of vulnerabilities in its core software, one of which could allow a crafted web link, opened by a logged-in administrator, to install a theme from the official WordPress.org directory without anyone clicking Install. The security firm pwn.ai, whose researchers reported the flaw, calls the attack chain Click2Shell. On its own the flaw only
Now that's what you call mind-blowing! The human brain is TWO separate organs, scientists reveal
Rather than being a single, unified organ, scientists from Stanford Medicine now say the human brain consists of two ancient nervous systems, cleverly packaged together.
As Big Tech Takes Over Hollywood, the Picture Onscreen Gets Darker
“The Social Reckoning” and other movies reflect growing discontent with Silicon Valley founders. But such films may be at the mercy of the companies themselves.
Transparent Tribe Deploys New Rust Backdoor Using Private GitHub Repositories for C2
The Pakistan-aligned threat group tracked as Transparent Tribe (aka APT36 and Earth Karkaddan) has been attributed to a fresh set of cyber attacks targeting government and defense entities in India and Afghanistan. The attacks, per Zscaler ThreatLabz, involve the use of previously undocumented tools called RUSTYSHADE, RUSTYMOVE, PSNATCH, and BASHNATCH. The activity has been codenamed Operation
What would YOU grab if you had to leave your house immediately? Study reveals Brits' most common answers - with many choosing a teddy bear
Experts have surveyed over 1,000 Brits to find out what they would want to grab during an emergency.
Recommended
Tech Now
Would Australians support a smart glasses ban?
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.