California Launches Crackdown on Cannabis Industry Corruption in Response to Ongoing Concerns
LOS ANGELES–In response to persistent corruption concerns in California’s cannabis industry, the state government is launching a new crackdown in several jurisdictions that have not yet been identified. This move follows allegations of bribery, pay-to-play schemes, and other wrongdoing at the city and county level.
State Auditor Grant Parks informed California lawmakers on Wednesday that auditors would be reviewing a sample of cannabis business permits to investigate any discrepancies. The objective is to uncover evidence of corruption, which has been a prevalent issue even before the state’s recreational cannabis market began in 2018.
During a hearing on Wednesday, Assemblyman Reggie Jones-Sawyer emphasized the need for the state to take corruption seriously to regain public trust. The California Cannabis Industry Association applauded the action, stating that the current licensing process, which requires local approval before state permits are granted, contributes to corruption and local gatekeeping.
Assemblyman Jim Patterson further suggested that there is a pervasive “undercurrent of misconduct” in California’s cannabis licensing system, and he recommended that his hometown of Fresno be included in the state investigation.
Latest News
Innocan Pharma Reports Significant Revenue Growth and Impressive Gross Profit in Q1 2023
LOS ANGELES-- Innocan Pharma Corporation, a pharmaceutical technology company specializing in innovative drug delivery platform technologies, has announced its financial results for the first quarter ended March 31, 2023. The company reported significant growth in ...
Minnesota Legalizes Adult-Use or Recreational Cannabis
ST PAUL, MN–Minnesota Governor Tim Walz, a Democrat, made a significant move on Tuesday by signing a bill that legalizes the recreational use of cannabis in the state. With this signature, Minnesota becomes the 23rd ...
Canopy Growth Acquires 19.99% Stake in Indiva, Secures Distribution Rights for Wana Edibles in Canada
LOS ANGELES-- In a strategic move to expand its presence in the cannabis edibles market, Canadian cannabis producer Canopy Growth has announced the acquisition of a 19.99% stake in edibles manufacturer Indiva. The deal also ...