Today's Law As Amended


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AB-2929 Cannabis.(2017-2018)



As Amends the Law Today


SECTION 1.

 Section 26053 of the Business and Professions Code is amended to read:

26053.
 (a) All commercial cannabis activity shall be conducted between licensees, except as otherwise provided in this division. A licensee may conduct any commercial cannabis activity allowed under its license with any other licensee, except as specifically prohibited in this division. 
(b)  (1)  A person that holds a state testing laboratory license under this division is prohibited from licensure for any other activity, except testing, as authorized under this division. A person that holds a state testing laboratory license shall not employ an individual who is also employed by any other licensee that does not hold a state testing laboratory license.
(2) A person with a financial interest in a state testing laboratory license under this division is prohibited from holding a financial interest in any other type of cannabis license.
(c) Except as provided in subdivision (b), a person may apply for and be issued more than one license under this division.
(d) Each applicant or licensee shall apply for, and if approved, shall obtain, a separate license for each location where it engages in commercial cannabis activity.
SEC. 2.
  The Legislature finds and declares that this act is consistent with and furthers the purposes of the Control, Regulate and Tax Adult Use of Marijuana Act as stated in Section 3 of that act.