Regulators in the cannabis industry of Los Angeles have provided no less than 57 firms with a lifeline, a few days after stating that the licensed businesses under consideration would not be permitted to carry out any commercial marijuana activity after Dec. 31 this year.
The Los Angeles Department of Cannabis Regulation (DCR) sent an email this week to those license holders stating that it would not proactively report the expired statuses of the said licenses to state agencies or the city’s police department (LAPD). The agency also added that it would not take part in any enforcement action linked to the expired licenses until March 1 next year.
LA city councilor Curren Price had introduced a proposal to allow the licensees from the 57 firms until Feb. 28, 2021, to pay their fees and file paperwork for license renewal. The DCR explained that the motion introduced by Price and the closure of the city’s Office of Finance because of issues related to the coronavirus, which had made it hard for some firms to pay fees for license renewal in time, had been factors that influenced the decision.
A DCR spokesperson stated in an email to the “Marijuana Business Daily” that the agency supported the motion by the city council that had been introduced on Dec. 9, adding that the agency hoped to alleviate any disastrous effects businesses may experience as the proposal goes through the city’s law-making process.
Lisa Selan, an LA attorney who represents a trader in the endangered licenses group, stated that the above change was a smart move on the part of the DCR, as the department required direction from the council and was not in control of the situation. She then explained that this would afford businesses that had not renewed their licenses the chance to do so without having to shut down.
Selan also believes that businesses could continue to confidently run their activities normally even after Dec. 31, which is when their licenses expire. She added that indications show that stakeholders along with the LA city council and DCR all know that shutting down the businesses in question will not benefit anyone.
It should be noted that this decision does not mean the rights and responsibilities of the DCR would be waived and that the law would not be adhered to. Owners of businesses are advised to either renew their business licenses of operation before March or consider moving operations.
Speaking of cannabis companies in California, Green Hygienics Holdings Inc. (OTCQB: GRYN) has the distinction of being the owner of the largest USDA organic certified hemp farm within North America.
NOTE TO INVESTORS: The latest news and updates relating to Green Hygienics Holdings Inc. (OTCQB: GRYN) are available in the company’s newsroom at http://ibn.fm/GRYN
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