LOS ANGELES (AP) — California has published the rules that will govern its legal marijuana economy in 2018, giving businesses and consumers a glimpse into the future.
But there are important steps before legal recreational sales kick off on Jan. 1, and even more uncertainties about how the marketplace will function. Warning: Don’t count on being able to stroll into your local dispensary on New Year’s Day to celebrate with an infused cookie or a joint.
Why Are the Regulations Important?
They form the framework of the new cannabis economy, estimated to be worth $7 billion. Can you make animal-shaped edibles? No. Transport products in a drone? No. But retailers can be open from 6 a.m. to 10 p.m. It’s a dense stack of rules that includes fees for licensing (nearly $80,000 annually for a large grower), how cannabis will be traced from seed to sale and testing