LA County – OCM Report

LA County – OCM Report

LA County – OCM Report addresses cannabis businesses in unincorporated Los Angeles County.

On June 19, 2018, the Los Angeles County Board of Supervisors is slated to receive a report from the Office of Cannabis Management (OCM) that will outline the Board’s options with respect to regulating commercial cannabis activities in the County’s unincorporated areas. Currently, all commercial cannabis activity is prohibited in unincorporated LA County.

The report is the culmination of a year-long, multi-faceted process of public outreach and stakeholder engagement, and reflects input received during 20 public listening sessions held throughout the County in summer 2017 as well as the consensus recommendations of the Advisory Working Group on Cannabis Regulation and consultation with over a dozen County departments.

The Policy Framework Fact Sheet provides a summary of the framework. More detailed descriptions and analysis of each component can be found in the Draft Board Report and Attachment I. The Advisory Working Group’s recommendations can be found in Attachment II. Maps showing locations where cannabis businesses could potentially locate are available at planning.lacounty.gov/cannabis/maps or Attachment III.   The attachment provides projections of the size of the regulated cannabis market and potential tax revenues in Los Angeles County.

Pursuant to your Board’s directives on February 7, 2017, the OCM conducted extensive outreach to solicit feedback on stakeholder desires and concerns for commercial cannabis regulation. Outreach efforts included the convening of the Los Angeles County Advisory Working Group on Cannabis Regulation (Advisory Working Group), which consisted of 17 representative stakeholders such as drug policy experts, university professors, public health professionals, local elected officials, and community members; approximately 60 presentations to community groups, town councils, and County commissions; and 20 public workshops (listening sessions) throughout the County to solicit feedback from community members. The OCM published reports documenting its outreach efforts in October 2017. The reports are available online at http://cannabis.lacounty.gov/documents-and-reports.

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Author: abizcannabis

Managing Director & CEO of integrated transactional financial advisory, tax, and technology consulting firm - aBIZinaBOX Inc New York, Chicago, and OaklandCPA.CITP.CISM.CGEIT.CGMAExpertise with: Alt. Investments/Private Equity, Real Estate, Professional Services, CA Cannabis, Tech Start-Ups and Distressed Assets/DebtTechnology Certifications including:Advanced & High Complexity Cloud Integrator AICPA PCPS, CAQ,, IMTA, CITP ISACA CGEIT, CISMState CPA Societies in California, Florida, Illinois, New York and TexasExpertise with Regulatory Compliance - US - HIPAA, FINRA, SEC Rule 17(a)(3)/(4), eDiscovery, FINCEN - EU- EBA, ESMA, EIOPA UK - BoE, PRA, FCA