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Home»Business & Industry»San Francisco Set to Impose 3-Year Moratorium on New Cannabis Licenses
Business & Industry

San Francisco Set to Impose 3-Year Moratorium on New Cannabis Licenses

June 7, 2023Updated:June 7, 2023No Comments1 Min Read
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San Francisco Set to Impose 3-Year Moratorium on New Cannabis Licenses
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The San Fransisco, California Board of Supervisors on Tuesday voted unanimously to put a three-year moratorium on new hashish companies, the San Fransisco Standard studies. The ban doesn’t have an effect on present candidates or operators. 

Supervisor Ahsha Safaí, the invoice’s creator, stated the moratorium was wanted as a consequence of oversaturation and competitors from the illicit market. In San Francisco, there are about 30 licensed medical hashish dispensaries, 31 adult-use retailers, and greater than 100 extra purposes within the pipeline.  

“It’s a pause, not a ban, and finally, we are able to revisit the place that is in a number of years.” — Safaí through the Normal  

Safaí has additionally acknowledged the anti-cannabis sentiment inside the metropolis’s Asian American communities over the potential influence of hashish on youngsters and different cultural and historic causes.  

Closing approval of the ban continues to be required, however it’s anticipated to come back subsequent week. If given closing approval, the regulation will take impact in 30 days and can sundown in 2027.  

San Francisco has lengthy embraced hashish tradition, together with the annual “420” celebration in Golden Gate Park. 

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