San Francisco County officials are taking significant steps to address the challenges facing the local cannabis industry, emphasizing the need for a sustainable and equitable market. During a recent government meeting, Supervisor Safa Yi highlighted the diverse makeup of the cannabis community, acknowledging both long-time advocates and newcomers striving for a stable future.

A key point of discussion was the economic pressures on the cannabis sector, exacerbated by federal and state tax issues and the inability to access traditional banking services. Yi noted that many businesses operate primarily in cash, making them vulnerable to crime. To combat this, the San Francisco Police Department has assigned a high-level officer to improve safety coordination with cannabis operators, who have faced increasing threats, including robberies and kidnappings.

Yi also advocated for changes to the planning code to allow for enhanced security measures, such as metal gates, to protect business investments. He stressed the importance of supporting legal cultivators and distributors while ensuring that workers' rights are prioritized as the industry grows.

The conversation also touched on the need for a pause on new cannabis applications to allow existing businesses to stabilize and thrive. Yi underscored the importance of equity applicants, ensuring they have a minimum 40% ownership in their businesses to promote fairness in the market. This pause aims to prevent market saturation, particularly as illicit sales still account for over 60% of cannabis transactions.

Looking ahead, Yi called for the establishment of a new cannabis oversight committee to provide ongoing input and guidance, reinforcing the commitment to a balanced and equitable cannabis industry in San Francisco.