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- W2912357594 abstract "This research is an examination of the legalization of recreational cannabis in California in 2018 and it explores the production, promotion and consumption of the plant in comparison to the use of medical marijuana. California legalized the use of recreational, or “adult-use” cannabis on January 1, 2018. The implementation of the new law, The Medical and Adult Use of Cannabis Regulation and Safety Act (MAUCRSA) (SB 94), is complex because not only is it being implemented over a robust existing black market, but it must be incorporated into the legal medicinal market where new and existing dispensaries must be licensed. The report explains the popular parts of the cannabis plant (cannabis sativa and cannabis indica) as well as the most active properties, Tetrahydrocannabinol (THC) and Cannabidiol (CBD). This report addresses the benefits of CBD oil for medicinal purposes, as well as the sale of THC for recreational purposes. It cites studies of the negative effects of cannabis. The report gives examples of the complex implementation of the new regulations regarding state versus federal laws, as well as conflicting laws within the state and municipal jurisdictions. It explores California tax revenue, as well as a breakdown of where the new sales tax and excise taxes will be allocated. The research outlines the discord in banking between the incongruent legal state laws and illegal federal laws. Finally, it examines how authorities can address the black market to steer dispensary owners toward legal purchases of cannabis to increase tax revenue." @default.
- W2912357594 created "2019-02-21" @default.
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- W2912357594 date "2019-01-01" @default.
- W2912357594 modified "2023-09-23" @default.
- W2912357594 title "Medical and recreational marijuana and their legalization in California in 2018" @default.
- W2912357594 hasPublicationYear "2019" @default.
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