Department of Cannabis Control Provides Notice of Regulatory Action and Announces Approval of Regulations

CANNANNEW REPORT

The Department of Cannabis Control (DCC) is providing notice of a proposed rulemaking to adopt regulations for Quick Response (QR) Code certificates. DCC also today announced the approval of the readoption of emergency regulations allowing for information sharing with financial institutions. Notice of proposed rulemaking to adopt QR Code regulations DCC is providing notice to the public of a proposal to adopt regulations for QR Code certificate requirements. These requirements are currently in effect as emergency regulations. If approved, this rulemaking action would adopt the regulations under the regular rulemaking process. The proposed regulations require retailers and distributors to display a QR Code certificate provided by DCC. They also require employees transporting or delivering cannabis goods to carry the QR code certificate. The QR Code certificate helps the public verify that a cannabis business is licensed and easily distinguish licensed cannabis retailers from unlicensed ones. View the proposed regulations and supporting documents: Proposed regulations Notice of proposed rulemaking Initial Statement of Reasons How to submit a public comment: You can submit a comment on this rulemaking to the DCC Legal Affairs Division: By mail: 2920 Kilgore Road, Rancho Cordova, CA 95670 By email: publiccomment@cannabis.ca.gov Comments must be received by September 21, 2021, at 5 p.m. Approval of readoption of emergency regulations The Office of Administrative Law has approved the emergency action to readopt regulations implementing Assembly Bill 1525 (Jones-Sawyer, 2020). These regulations provide cannabis businesses the ability to authorize DCC to share licensee application and regulatory information with financial institutions. These regulations provide a mechanism for financial institutions to more readily conduct the federally-required reviews of the cannabis business. By reducing the burden of providing financial services to cannabis businesses, more financial institutions may be willing to provide services, thereby reducing the need to keep cash on-hand and improving public…

Excerpt only …
READ MORE BELOW
Source : Department of Cannabis Control Provides Notice of Regulatory Action and Announces Approval of Regulations

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.