If you are interested in applying for a commercial cannabis license in the City of Los Angeles, participating in Phase III of the City’s commercial cannabis licensing program is now your only option.
Phase II came to an end on September 14th, and general applicants are anxiously waiting for the City to announce when Phase III will start. The city has yet to comment on when Phase III will begin, but insider information provides that we should prepare for spring.
While Phase III will be open to general applicants, there are some things to know about how Phase III will be implemented before applying. First and foremost are how applications will be processed and how priority for Social Equity Applicants will be assessed.
For retail applicants, one general application will be processed for every two social equity applications. In phase three, only Tier 1 and Tier 2 Social Equity Applicants will receive priority processing.
When it comes to Phase III non-retail applicants, one general application will be processed for every Social Equity application that is processed. Given that the City will likely open Phase III this spring, now is a good time for potential applicants to get their commercial cannabis entity formed, find individuals that qualify as Tier 1 or Tier 2 Social Equity Applicants, and locate premises that meet all City zoning and operational requirements.
If you would like assistance with any of the items noted above, please contact MJ LEGAL to schedule a consultation today. Our services include:
- City & State Cannabis Business Licensing
- Business & Operations Financing
- Investment Opportunities
- Property Acquisition
- Corporation Formation
- Property and Zoning Analysis
- Business Consulting
- Trademark & Brand Protection
- Business Acquisitions
If you have a need for any of these professional services or would like to discuss the opportunities within the cannabis industry, it would be a pleasure for us to schedule an appointment with one of our California licensed attorneys.
For more information, please call us at 310-717-9907