California Targets Illicit Cannabis Activity With New Financial Strategy, Program Kicks Off In Fresno
Portfolio Pulse from Joana Scopel
California has launched the Cannabis Administrative Prosecutor Program (CAPP) to combat illegal cannabis activities by targeting financial aspects. The program, which is starting in Fresno, will work with local governments to address illegal cannabis as a public nuisance and a land-use issue. The program aims to be financially self-sufficient, planning to recover costs through fines, administrative orders, settlements, enforcement actions, and liens. The program will also assist the local legitimate cannabis industry and help grow Fresno’s tax base.

August 31, 2023 | 3:46 pm
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Statehouse Holdings (OTCQB:STHZF) CEO, Ed Schmults, is mentioned as a participant in the upcoming Benzinga Cannabis Capital Conference. The company's relevance to the news is passive, and the impact on its stock is neutral.
Statehouse Holdings is mentioned in the context of the upcoming Benzinga Cannabis Capital Conference. The news does not directly impact the company's operations or financials, hence the neutral score. The relevance and importance are low as the company is not directly involved in the news about the Cannabis Administrative Prosecutor Program.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20