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“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuana businesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization.
Sixty-eight percent of Americans say that Congress should pass legislation so that marijuana businesses can "access banking services and products in states" where it is legal. The post Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis BusinessesAccess to Banking Services appeared first on NORML.
The Coalition letter focuses on the need for small businessaccess to the SBA relief funds as an avenue to protect the progress that has been made by minority entrepreneurs in the emerging legal cannabis marketplaces. RE: Protect Minority-Owned Marijuana Businesses and their Workers. You can read the full letter below.
There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions.
There are loopholes written into the language that will allow individual municipalities to reject the law and keep medical cannabis illegal in their jurisdictions, and the bill limits cannabis businesses to operate in industrial or agricultural zones, which limits patient access. ASA strongly opposes both of these provisions.
Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.
Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. The majority of these businesses are small-to-medium in size. But at the federal level, they are being cast aside by Congress.
A robust, above-ground retail marijuana market is necessary in order to disrupt the unregulated marketplace and to assure that consumers have adequate access to lab-tested, high quality products at competitive prices.
Two of our greatest champions in Congress, Representative Earl Blumenauer and Senator Jacky Rosen, are circulating bipartisan sign-on letters to Congressional Leadership demanding that state-licensed cannabis businesses are able to access the Small Business Administration.
The post Congress and USPS Inadvertently Restrict Consumer Access To Vaporizer Cartridges, Batteries, Etc appeared first on NORML. Right now, the USPS is accepting public comment until March 20th, and the fix is relatively simple. The USPS simply needs to clarify that these new changes do not include non-nicotine vaporization devices.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. Further, numerous studies have identified an association between cannabis access and lower rates of opioid use, abuse , hospitalizations , and mortality. 3540 , H.R.
I started volunteering some time for Americans for Safe Access (ASA) , the country’s largest non-profit patient advocacy organization promoting safe and legal access to medical cannabis. After weeks of being turned down again and again from major businesses, I felt alone and discouraged.
Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration.
This week, the Minority Cannabis Business Association unveiled their Municipal Ordinance model on how localities can administer new business licenses in a fashion that promote minority entrepreneurs and ensure that the emerging industry will not be dominated by a flood on new investors who have not been harmed by the consequences of prohibition.
Rescheduling would stand to have the largest impact on cannabis research and business taxes. Rescheduling would ease those research barriers, improving access to data and education around the plant and opening the door to fully explore the medical benefits cannabis could provide. Ready to book a consultation with one of our experts?
. “NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” ” Download the Resource Guide.
In jurisdictions where cannabis is legally regulated, consumers gravitate toward the above-ground retail marketplace where they can access lab-tested products manufactured by licensed businesses.”
Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with the new online portal for cannabis businesses. The first announcement stated that Illinois is set to streamline cannabis business operations with the launch of the new online licensing portal (see following article about paperless system ).
States Taking Action to Ensure Uninterrupted Retail Access to Medical Cannabis During COVID-19 Outbreak. Urge Congress to Provide Small Business Relief to State-Licensed Cannabis Companies. Contact your federal lawmakers in support of this needed change to protect small businesses. View the up-to-date list.
introduced a never-before-seen bill—the Capital Lending and Investment for Marijuana Businesses Act (“the CLIMB Act”). What Business Services Would the CLIMB Act Protect? 8200 intends for a broad interpretation so that cannabis and cannabis-related companies are put on an even playing field with traditional business operations.
Ensuring diversity in New York’s marijuana industry by removing barriers to access like capital requirements and building inclusivity by allowing licensing to people with prior drug convictions. Only people with business-related convictions (such as fraud or tax evasion) will be explicitly barred from receiving licenses.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with new online portals for cannabis businesses. The second announcement (see previous article for first announcement ) focused on the implementation of a paperless registration system for cannabis businesses. See Extension Announcement.
One of the better aspects of this legislation is the explicit ban on vertical integration of the “adult-use” industry for all market participants, aside from those businesses licensed as a cooperative and currently vertically integrated registered organizations. development and hiring programs.
The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. To move items into Metrc, plants and packages will need Metrc RFID Tags.
Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. It also did not normalize federal taxation for businesses within the sector.
The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. NORML Deputy Director Paul Armentano submitted written congressional testimony, which you can read here.
Businesses that were operating well enough to remain solvent when cannabis flower was well over $1,000 a pound are struggling to stay afloat, downsizing and laying off staff. And those profitable businesses with a proven track record of proper operations justify a higher price than enterprises operating in the red.
“As individuals and families struggle to cope with the day-to-day challenges of the COVID-19 global pandemic, it is inappropriate and irresponsible for state and local governments to continue utilizing precious resources and capacity to arrest, prosecute, and incarcerate Americans for marijuana violations,” said NORML’s Strekal.
IDFPR cites the explosive growth by stating that 82 new dispensaries open for business in the last year, the single-largest expansion of cannabis dispensaries since the program first started with the Compassionate Use of Medical Cannabis Program Act (CRTA) in 2014. Find detailed information about this topic here.)
A bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595 , to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. This situation is untenable.
In the business world, Artificial Intelligence (AI), or technology that is coded to stimulate human intelligence, is having a major impact on the way which businesses operate. There are many ways in which AI tools are used in businesses, but most applications focus on driving growth.
Legislation is pending, Senate Bill 165, to establish a medical marijuana access program for qualified patients with a physician’s recommendation to access medical marijuana from licensed retail outlets. Send a message to your lawmakers in support of medical marijuana access. AL resident? IL resident? KY resident?
Members of the United States Senate Committee on Banking, Housing, and Urban Affairs are scheduled to hear testimony next week regarding the need to provide greater access to financial services for state-licensed marijuana-related businesses. ” (Read NORML’s full testimony here.).
The most essential component in creating a stable business environment to meet consumer demand is certainty, and that is what states and businesses would have with Congressman Correa’s legislation to protect state-lawful programs from potential rouge US Attorneys under a Department of Justice likely to be led by known drug warrior William Barr.
Allows the existing state-legal marijuana industry to access financial services and enjoy the standard tax treatment available to all legal businesses. This also will pave the way for more scientific and medical research.
It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or certain types of employment solely based upon their patient status. Over 146,000 Oklahomans are registered with the state to access medical cannabis therapy.
According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services.
The bills would also allow for the expungement of certain prior convictions, delivery of medical marijuana to qualified patients, and restructures the medical marijuana licensure process to eliminate the requirement that business be vertically integrated. Send a message to your lawmakers in support of medical marijuana access.
Earlier today, the Senate Banking Committee held a hearing on the SAFE Banking Act, which would allow financial institutions to engage in activities with state-legal cannabis businesses. “Forcing businesses to operate in cash is an invitation to crime, money laundering, and robbery,” said U.S. .”
Many state capitols around the country have suspended legislative sessions, continued to vote on key bills remotely, or have at the very least closed to the public and nonessential business. Veteran Access : HR 1647, the Veterans Equal Access Act, would allow V.A. Your Highness, Carly. Actions to Take. Presently, V.A.
For a $60-$90 donation to the lawyers supposedly a floor above – what is known in these shadowy businesses as the “gift” ? S tep past the Dick Tracy caricature on the sign advertising Street Lawyer Services and into the business at 409 H St. These businesses have more cash and they can pay higher rents,” says Saleem. “We
Operating cannabis-based businesses in The Golden State is no easy feat for retailers. But how do California’s cannabis businesses conduct day-to-day operations in a world of contradictory laws? Due to the plant’s illegal status, banking cannabis business revenue can be tricky. Billion Annually.
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