What to buy in an over inflated MJ market <a href="https://mjbizdaily.com/l-a-marijuana-trade-group-city-has-reached-licensing-deal-for-current-applicants/">https://mjbizdaily.com/l-a-marijuana-trade-group-city-has-reached-licensing-deal-for-current-applicants/<br /> <br /> Wow LA finally has its act together. <br /> <br /> Hundreds more businesses to open by the end of the year. <br /> <br /> OH will have a surge in deliveries and revenues one would think. </a><br /> <br /> <br /> <br /> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> <a href="https://mjbizdaily.com/l-a-marijuana-trade-group-city-has-reached-licensing-deal-for-current-applicants/"><span style="box-sizing: inherit; font-weight: 700; line-height: inherit;">Positive development</span></a></p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> <a href="https://mjbizdaily.com/l-a-marijuana-trade-group-city-has-reached-licensing-deal-for-current-applicants/">That’s good news for L.A. cannabis growers, edibles makers, distributors and other nonretail businesses that </a><a href="https://mjbizdaily.com/los-angeles-marijuana-industry-still-in-turmoil-as-second-licensing-round-begins/" rel="noopener" style="box-sizing: inherit; background-color: transparent; -webkit-text-decoration-skip: objects; line-height: inherit; color: rgb(78, 137, 196); text-decoration: none; cursor: pointer; -webkit-tap-highlight-color: rgba(0, 0, 0, 0.298039);" target="_blank">have been waiting months</a> for city permits.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> Up to now, the city has licensed <a href="https://cannabis.lacity.org/legal-businesses" rel="noopener" style="box-sizing: inherit; background-color: transparent; -webkit-text-decoration-skip: objects; line-height: inherit; color: rgb(78, 137, 196); text-decoration: none; cursor: pointer; -webkit-tap-highlight-color: rgba(0, 0, 0, 0.298039);" target="_blank">169 retail locations</a> but no other types of cannabis companies, although many of those 169 have also received distribution, cultivation or manufacturing licenses, a DCR spokesperson said. (Testing labs trying to get city permits are going through a separate licensing process, a DCR spokesperson said, and are not subject to the social equity parameters that all other license types fall under. To date, at least 11 labs have received temporary approval from the city.)</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> L.A.’s Phase 2 round of licensing opened in August and closed Sept. 13, but so far none of those licenses has been issued, and the city was running up against an <a href="https://mjbizdaily.com/california-marijuana-notebook-l-a-s-licensing-logjam-mounting-lawsuits-for-mj-businesses/" rel="noopener" style="box-sizing: inherit; background-color: transparent; -webkit-text-decoration-skip: objects; line-height: inherit; color: rgb(78, 137, 196); text-decoration: none; cursor: pointer; -webkit-tap-highlight-color: rgba(0, 0, 0, 0.298039);" target="_blank">end-of-year deadline</a> for temporary state licenses.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> According to the SCC blog post, the city “obtained approval for a letter of authorization to be issued to Phase 2 applicants immediately. The letter is being written now.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “The fact that this is an authorization, rather than a (city) license, should not be cause for concern,” the SCC continued, noting that only some type of local authorization is required to obtain a state MJ business permit.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “Applicants will still receive a local license when they have completed the City’s licensing process.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> The DCR website was updated Thursday afternoon with an announcement that a <a href="https://cannabis.lacity.org/" rel="noopener" style="box-sizing: inherit; background-color: transparent; -webkit-text-decoration-skip: objects; line-height: inherit; color: rgb(78, 137, 196); text-decoration: none; cursor: pointer; -webkit-tap-highlight-color: rgba(0, 0, 0, 0.298039);" target="_blank">new process is in place</a> to allow Phase 2 applicants to apply for temporary state permits “before DCR issues Temporary Approval.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “‘Phase 2 Priority Processing’ applicants who have paid their application fees will have the opportunity to apply for a state temporary license before the end of the year,” according to the DCR’s new post. It also notes that applicants will receive a “Local Authorization Letter.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> The letter “will allow an applicant to engage in commercial cannabis activities only after satisfying all conditions imposed by DCR.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> <span style="box-sizing: inherit; font-weight: 700; line-height: inherit;">State is ready to act</span></p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> Alex Traverso, spokesman for the state Bureau of Cannabis Control, said his agency is eager to issue more temporary business licenses as quickly as possible for companies that can submit applications.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “We’ve been talking to the city about this, and ultimately, from our perspective, our process doesn’t change,” he said.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “They can tell us these businesses are good to go, but for the businesses to get a temp license by the end of the year, they have to follow the same process as everyone else.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> Traverso also said authorization from local authorities – such as the DCR or L.A. regulators – can be as simple as a letter from city officials with the names of applicants approved to run commercial cannabis operations, as opposed to a formal permit for each company that wants a license.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “It doesn’t need to be a finely worded letter,” he said. “It could just say, ‘The city of L.A. approves these businesses for operations,’ with a list of names.</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> “We’re waiting for them to open up and allow more licensees.”</p> <p style="font-size: 16px; box-sizing: inherit; margin: 0px 0px 25px; padding: 0px; line-height: inherit; text-rendering: optimizeLegibility; caret-color: rgb(68, 68, 68); color: rgb(68, 68, 68); font-family: "Open Sans", sans-serif; -webkit-text-size-adjust: 100%;"> The Department of Food and Agriculture and the Department of Public Health could not immediately be reached for comment.</p>