Audit reveals California's $100 million cannabis grant program aimed at helping startups was mismanaged

Audit reveals California's $100 million cannabis grant program aimed at helping startups was mismanaged

California Department of Cannabis Control (DCC) is facing scrutiny after a state audit revealed significant mismanagement of a $100 million grant program intended to streamline cannabis business licensing in 17 jurisdictions. This program, established in 2021, was intended to help cannabis companies move from provisional licenses to annual licenses, a …

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California's Elon Musk-backed AI safety bill SB 1047 has a 57% chance of being signed by Gavin Newsom, according to Polymarket

California's Elon Musk-backed AI safety bill SB 1047 has a 57% chance of being signed by Gavin Newsom, according to Polymarket

Prediction market Multimarket indicates a 57% chance that California will pass the controversial AI security bill SB 1047, up 7% from previous estimates. What happenedThe bill, which has sparked intense debate in the tech industry, now awaits approval by the governor. Gavin NewsomThe signature after passing through the California legislature. …

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