Long Beach cannabis businesses are also struggling—so much so that leaders are considering a pilot program to provide tax breaks to manufacturers.
The committee will discuss the feasibility of a 24-month pilot program that could streamline processes, adjust tax rates and provide incentives for non-retail cannabis businesses.
The second annual two-day State of Cannabis wrapped up Thursday aboard the Queen Mary, where those in the cannabis world were educated on the ins and outs of California’s nine-month old legal industry.
Cannabis “could be bigger, one day, than coffee,” one of the organizers said.
City officials announced Friday another development in its management of cannabis in Long Beach, this time in the form of education.