As we continue our mission to put hemp in every home, Kannaway CEO Blake Schroeder shares his viewpoint with High Times on California's cannabis tax reform :
California Budget Funds New Regulatory Proposals
The budget proposal allocates $13.6 million dollars to fund several proposals for the state’s Department of Cannabis Control, including $5.5 million to develop a unified single licensing system for future cannabis business licenses and the transition of existing licensing data. In addition, $2.2 million will be spent to create a data warehouse to store the department’s data, processes, and procedures to maintain data integrity, as well as data displays and visualizations for the DCC website. Another $6.1 million will fund a multi-year consumer awareness and safety education campaign.
Blake Schroeder, CEO of San Diego-based Medical Marijuana, Inc., applauded the budget’s investment in cannabis data and licensing systems. But he criticized the overall reduction in cannabis spending, saying “it’s a shame that funds that would typically ensure more public and environmental safety in the industry are being cut.”
“Cannabis has been wrongly deemed the ‘Wild Wild West’ many times before, but there are still safety precautions, and consequences for illicit operators, that must be enforced,” Schroeder wrote in an email to High Times. “We are excited by the state’s renewed commitment to cannabis awareness programs, as this is a large part of our mission as well.”