420 with CNW — California Launches Cannabis Agency to Ease Industry Regulation

July 28, 2021 03:25:31

America’s state legal cannabis sector has seen major growth in the past few years as more states have legalized cannabis. California, which legalized recreational marijuana five years ago, has since sold $4.4 billion worth of cannabis, making its cannabis sector one of, if not the most,  successful cannabis markets in America. Now in a move that is meant to simplify how California regulates its massive and swiftly growing cannabis space, Governor Gavin Newsom has signed a law creating a single agency to regulate cannabis.

The policy, which Newsom first proposed in January 2020, will consolidate licensing authority from the three departments responsible for regulating California’s cannabis space: the Manufactured Cannabis Safety Branch under the Department of Health, the Bureau of Cannabis Control under the Department of Consumer Affairs, and CalCannabis…


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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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