CA SB1326

Authorizes the Governor to enter into interstate agreements with other states to allow commercial cannabis businesses in California to conduct business with licensed cannabis businesses in other states, subject to meeting federal law requirements.

Requires foreign licensees engaging in commerce within California to obtain a state license and comply with California's cannabis regulations, packaging standards, testing requirements, and marketing restrictions that are equivalent to or stricter than those imposed on California licensees.

Prohibits interstate agreements from taking effect unless federal law is amended to allow interstate cannabis transfers, Congress prohibits using federal funds to prevent such transfers, the Department of Justice issues a permissive opinion, or the California Attorney General determines there is no significant legal risk under the federal Controlled Substances Act.

Exempts the Governor from standard rulemaking procedures when entering into agreements, but requires submission to the Joint Legislative Budget Committee for 60-day review and 30 days of public comment on the proposed agreement before execution.

Requires the department to include information on interstate cannabis agreements in its annual report, including terms, implementation activities, and effects on California's cannabis industry.