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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.
Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 States that have legal access to medical and recreational cannabis often work with state-regulated insurers to obtain limited property and liability coverage.
–(BUSINESS WIRE)– #Hemp — Lazarus Naturals knows that a healthy sleep cycle directly impacts its customers productivity levels and overall health. The company recently announced its Sleep Collection , introducing the addition of CBN—known to improve sleep and reduce pain. “It PORTLAND, Ore.–(BUSINESS
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.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. Despite this economic boon, marijuana businesses are still unable to utilize financial services and face issues regarding taxation that no other legal business faces.
McDonell said research institutions are limited in their access to cannabis users by federal laws that could affect funding. While there are methods available for collecting that data, including a smartphone app called “Releaf,” there are still patients who are wary of sharing information, even anonymously, due to federal laws, she said.
This week, 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. CO resident? Update : H.333
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding. Why Are There So Many Cannabis Lawsuits?
Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.
The National Right to Work Legal Defense Foundation (“NRTWF”) asked the National Labor Relations Board (“NLRB”) for help when New Jersey took one toke over the line by requiring cannabis companies to not only enter into a labor peace agreement but also enter into a collective bargaining agreement within 200 days of commencing operations.
This survey supports CROO efforts to reduce or eliminate barriers to entry, including access to capital. Further, the survey results are used to learn what barriers exist in the industry that would create challenges for anyone to enter the business market and to identify methods for reducing or eliminating any of those barriers.
consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. Of the 2,210 adults interviewed for the survey — .
Most recently, Finkle led Arcview Ventures as CEO and co-founded The Arcview Collective Fund in 2018. Widely respected by the Arcview team and among members of the investment community, Finkle brings extensive experience in business operations, investment management, and fundraising from seed to growth capital.
What constraints does the MRTA place on the location of these businesses? Applicants for licenses will also be evaluated based on how they minimize environmental impacts in the course of conducting their business. Licensing Considerations for Adult-Use Cannabis Operators in New York.
CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services. Ohio State Legal Studies Research Paper No.
A month later, it held another work session on changes to the county’s land-use and planning code that would make way for legal cannabis and specify where pot businesses can be located. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana.
Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Additionally, minority- or women-owned businesses held 63% of craft grower, 61% of infuser, and 74% of transporter licenses. Black loan applicants face higher bank loan denial rates.
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.
“The inaugural Hemp Grower Conference will be an opportunity for hemp industry stakeholders to come together to learn valuable market insights and discover grower-specific innovations and technology solutions that will bolster their businesses,” said Group Publisher Jim Gilbride. For more information, visit www.GIEMedia.com.
Medicann is a premier cannabis-specialized clinic, providing patients with access to local specialist doctors and pharmacists that have experience prescribing cannabis-based medication. a global leader in the cannabis industry serving both medical and consumer markets and dedicated to helping people improve their lives.
Yet, the emerging ecosystem of business opportunities is highly fragmented, and with a lack of institutional capital available, Palo Santo is targeting early-stage, high-growth opportunities within biopharma, drug development, digital therapeutics, healthcare services and tech enabled solutions.
Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. Ballot Measure 119, known as the United for Cannabis Workers Act, sets a new licensing requirement for cannabis businesses in Oregon. What is Ballot Measure 119?
million in direct forgivable loans, fully financed by the State of Illinois, will be made available to all conditionally-approved social-equity loan applicants in order to provide immediate access to capital. The guidance states, “Cannabis Loan Funds shall be used for ordinary and necessary expenses to start and operate a cannabis business.”
PSDN will provide public access to an exciting asset class with support from accomplished institutional investment managers in the cannabis space. PSDN broadens the reach of our unique investment philosophy and provides simple, secure, accessible investing into one of the world’s most exciting asset classes.”
With the rising popularity of high-THC concentrates, which are several times more potent than flower and edibles, come worries among deep-pocketed political groups and their statehouse allies that teenagers have too much access to it without enough knowledge of the effects. Read more at The Denver Post ]. View original article.
Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado already had a developed medical cannabis regulatory system, and many businesses were able to transition to having both a medical and an adult-use counter. of the population enrolled. 46,104,922.
The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry. Unfortunately, several businesses have recently fallen victim to a scam targeting the legal cannabis sector.
Licensed medical marijuana businesses, e.g., commercial grow operations, manufacturing facilities, and dispensary stores, are required to use seed-to-sale systems. Louis Post-Dispatch reports the DHSS received 2,266 cannabis business applications filed by at least 700 different groups. Randal Williams, et al.
1647, the Veterans Equal Access Act, which expands medical cannabis access to eligible military veterans. Legislation is pending, House Bill 19-1234, to allow licensed marijuana businesses to deliver both medical and adult use marijuana to private residences. Representative Earl Blumenauer (D-OR) has reintroduced H.R.
One of the chief concerns following the 2012 vote was that easier access to the drug would lead to more motor vehicle crashes. Mosher said the state has established a system of robust checks on marijuana dispensaries that has limited the number of teens accessing the drug. While legalization across the U.S.
This has created opportunities for businesses that work alongside cannabis dispensaries to tap into this growing market and increase their revenue. In this blog post, we'll highlight some of the ways your business can benefit from having a relationship with a cannabis dispensary.
The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.
There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. Cutting across these categories is the team.
Multiple unions are currently active in the cannabis industry, so a number of organizations may approach businesses. Rather, this would be an ideal time to contact your attorney to discuss a potential counter proposal and the collective bargaining process in general.
“We are delighted to be expanding our Craft Cannabis Collection in the Province of Ontario – Canada’s largest and fastest growing recreational cannabis market,” stated Sugarbud’s CEO, John Kondrosky. We Take Pride. We Take Our Time………….
Given the size and scale of the study, RYAH has developed a custom software solution, using OAuth API-integration to protect the privacy of the participants in the study, with the goal of enabling a fully integrated, patient feedback and data collection capability.
To collect signatures for our trip to Washington DC for NORML’s national conference and lobby day, we hosted pop-up stops at the many dispensaries across Las Vegas and a few in Reno. Lobbied for Medical Access and Cannabis Reform in Carson City. Hosted pop-ups across Las Vegas and Reno. Meetings Grew Substantially in Size.
–(BUSINESS WIRE)–International cannabis brand Cookies today announced the debut of new top-shelf concentrate and flower product lines at the Cookies Tacoma retail location, with statewide availability coming soon through an exclusive partnership with expert extraction company Edgemont Group , maker of Full Spec and Leafwerx products. .–(BUSINESS
The lack of funding for marijuana businesses in the stimulus packages, the halt to state legalization efforts, the issues surrounding Massachusetts (yes, those continue), even Mexico’s decision to legalize cannabis – all are caused or colored by the coronavirus. LOS ANGELES LICENSING ISSUES. breaking news. breaking news.
High Tide gains access to Daily High Club’s over 15,000 subscription box members who are ideal customers for High Tide to potentially launch cannabis subscription boxes in the event of U.S. million in cash (collectively with the Share Consideration, the “ Consideration “). federal legalization.
They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. million during the second quarter of 2021, California’s cultivation tax represented roughly 12% of the state’s total cannabis tax collected from that period.
According to the Oregon Cannabis Association (OCA) , police budgets received more than $2 million directly from cannabis tax proceeds last year – despite the city passing a measure in 2016 stipulating that those funds should be designated for substance misuse treatment, public safety, and small business development.
The Aurora Cannabis Club, small collective of cannabis growers/companies and enthusiasts, started April 20, 2021. The Aurora Cannabis Club agenda is focused on homegrow and medical patient access, which they believe to be absolutely important to Illinois. “As We’ve hosted a couple roll offs and seed swap there, as well.”.
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