State Cannabis Licensing Authorities Offer 60-day License Fee Deferrals to Additional Licensees
Author: BCC, CDFA, CDPH Published: Jun 29, 2020 Sacramento, California
SACRAMENTO – The three state cannabis licensing authorities announced today that businesses with state commercial cannabis licenses expiring between July 1, 2020 and August 31, 2020 may request 60-day deferrals of their license fee payments. This allows for fee deferral financial assistance to be provided to additional licensees.
The license fee deferrals are intended to provide immediate financial assistance to state cannabis licensees impacted by COVID-19. Though deemed an “essential business” under Executive Order N-33-20, the cannabis industry is excluded from federal or banking-dependent assistance for small businesses, due to cannabis’s status as a Schedule I controlled substance.
“We hope that today’s announcement will provide assistance to the industry as we continue to work together to address the challenges created by the pandemic,” said Bureau Chief Lori Ajax.
The Bureau of Cannabis Control (BCC), California Department of Food & Agriculture (CDFA) and California Department of Public Health (CDPH) are currently accepting requests for fee deferrals. License fee deferrals may be requested by those with a state cannabis license expiring between July 1, 2020 and August 31, 2020. With a deferral, the license fee will be due 60 days from the date of the license expiration. Refunds will not be given for fees that have already been paid.