Have you seen all the “40% off” ads being offering by your local cannabis retailers? Well, there’s a reason for it.
When California legalized weed on January 1, 2018, no one said it would be easy. Transitioning from a loosely regulated market with thousands of non-compliant, or “gray,” shops, delivery services, and brands to a climate where only the legal, licensed, and 100% complaint could survive (legally) wasn’t going to happen overnight. So, under the Medicinal and Adult-Use Cannabis Regulation and Safety Act, cannabis businesses were given until June 30th, 2018 to follow their list of demands — AKA emergency regulations and licensing requirements — or, they would be forced to cease, or pause, operations.
As a result, starting on July 1st, if products don’t have the proper testing, labeling, and child-proof packaging, cannabis retailers will NOT be able to carry them on shelves and they must be destroyed — or, sold to the general public at 40% off by June 30th.
However, once July 1st hits, expect to see a lot less inventory at your favorite dispensary as most brands have lagged on adapting to these new guidelines — leaving a less crowded marketplace for cannabis companies that have their shit together. Overall, it’s a good thing. In the short-term, the end of the transition period will benefit your wallet, while in the long-term, it will benefit your health as all cannabis goods will have to pass sticker guidelines.
In the meantime, get ready for longer lines as consumers take advantage of 40% off deals through the end of the month.