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League to Host Member-Only Proposition 64 Briefings on Local Regulation and Taxation

New League Executive Director Participates in State Treasurer’s Cannabis Banking Working Group

December 20, 2016
With the passage of Proposition 64, the Adult Use of Marijuana Act (AUMA), cities are eager to understand the law and how it affects various aspects of city operations.
 
The League has scheduled five information briefings in Northern, Central and Southern California for members to learn about local regulations and taxations under the AUMA. The first will be held on Jan. 11 in Sacramento and the last has been scheduled for March 1 in Pasadena.

League Fiscal Policy Advisor Michael Coleman will join League Legislative Representative Tim Cromartie for the member-only briefings, which are geared for mayors, council members, city managers, assistant city managers, fiscal officers, city planners, city attorneys and law enforcement.
 
Topics will include:
  • Summary of the AUMA;
  • Key differences between AUMA and the Medial Marijuana Regulation and Safety Act of 2015;
  • Rules on personal use and cultivation;
  • State licensing;
  • Local regulation of commercial recreational marijuana operations;
  • Taxation; and
  • Policy issues for local governments to consider.  
Details
 
Five briefings have been scheduled throughout California to make the sessions as convenient as possible to a large number of cities.
 
Dates and cities are listed below:
  • Jan. 11, Sacramento City Hall, 2–4:30 p.m.;
  • Jan. 25, Fresno, UC Center, 1–3:30 p.m.;
  • Feb. 1, Ukiah, location and time to be determined;
  • Feb. 15, Riverside City Hall, 1–3:30 p.m.; and
  • March 1, Pasadena Central Library, 9 a.m. to noon. 
Register online at www.cacities.org/events.
 
Please contact Sarah Nowshiravan with questions.
 
Treasurer Convenes Cannabis Banking Working Group
 
California State Treasurer John Chiang invited League Executive Director Carolyn Coleman and Legislative Representative Cromartie to join the Cannabis Banking Working Group, which held its first meeting on Monday, Dec. 19 in Sacramento. The group comprises representatives from the banking and cannabis industries, local government and state agencies that are responsible for the regulation of the marijuana industry in California.
 
The Dec. 19 meeting was the first in a series of meetings that will focus solely on issues related to the cannabis industry and banking. Panels addressed the impact that the lack of banking access has had on the industry, financial institutions and public agencies. The Cannabis Banking Working Group is expected to complete its work and issue a set of recommendations by the middle of 2017.


 
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