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While most cannabis and hemp businesses understand that they must follow a set of guidelines and implement certain quality control factors into their daily operations, many do not understand the depth of compliance and documentation needed to meet all state and federal requirements.
Company’s Core Operational Compliance Solutions Helps Cannabis Companies Stay Compliant With Continually Changing Regulations in the State. Together, the solution suite is specifically designed to help cannabis businesses remain compliant under Utah’s medical cannabis laws, as well as manage risks in a cost-effective way. “As
Cannabis companies in California need evidence of California Environmental Quality Act (CEQA) compliance to operate legally. CEQA compliance requires your cannabis business prove that it poses no environmental threats. How CEQA Relates to Cannabis Compliance. Exemptions.
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 ).
Company’s Core Operational Compliance Solutions to Take the Guesswork Out of Confusing, Continually Changing Regulations for Businesses in Growing Cannabis Market. Simplifya SOPs are designed to help ensure cannabis businesses are efficiently, effectively and legally running. August 12, 2021 08:00 ET | Source: Simplifya LLC.
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.
Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. Company’s Proven Compliance Solution Helps Cannabis Operators Stay Compliant as State Readies Adult-Use Market. They outline best practices and processes for the clients’ entire organization.
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.
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.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Update : SB 34 was heard and approved by the Assembly Business And Professions Committee on 6/11/19. CA resident? CA resident? New Hampshire. Update : S.
Given the current COVID-19 pandemic, the NORML team is working remotely in compliance with CDC guidelines. 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. Your Highness, Carly. Actions to Take.
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.
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.
Also this week, the House Committee on Small Business held a hearing 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. CA resident? CA resident? DE resident? North Carolina.
This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Update : SB 34 was approved by the Senate Business, Professions and Economic Development Committee on 4/3/19.
Legislation is pending, House Bill 1272, to expand access to medical cannabis in North Dakota. Legislation is pending, House Bill 350, to expand medical cannabis access. Legislation is pending, House Bill 335, to expand access to medical cannabis in New Hampshire. Click here to email your lawmakers in support of medical access.
Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. AZ resident? CA resident?
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
Legislation that would have significantly expanded patient access to medical cannabis in Rhode Island was held in a senate committee for further study, ultimately killing the bill. Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis.
Update : AB 286 is scheduled for a hearing in the Assembly Business And Professions Committee on 4/23/19. Update : Ab 1465 is scheduled for a hearing in the Assembly Business And Professions Committee on 4/23/19. SB 51 seeks to assist financial institutions in safely conducting transactions with licensed cannabis businesses.
With the passage and signing of Assembly Bill 533, Nevada created the Cannabis Compliance Board (CCB). Additionally, the CCB must establish a pilot program for identifying opportunities for an emerging small cannabis business to participate in the cannabis industry. 1] NRS 678A.390. 2] [link]. [3] 3] [link]. [4] 4] NRS 678A.360
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. House Bill 324 seeks to expand and facilitate patients’ access to medical cannabidiol (CBD) products. GA resident?
” Patient Seminars II – Home Cultivation and Compliance. Please make plans to join us for our Patient Seminar II: Home Cultivation and Compliance. This location is accessible and the general public is welcome to attend. Are you a business owner who would like to sponsor one of our upcoming meeting or events?
House Bill 324 seeks to expand and facilitate patients’ access to medical cannabidiol (CBD) products. Update : The House Regulated Industries Low Thc Oil Access Subcommittee held another hearing on HB 324 on 2/27/2019, then the bill was approved by the full committee on 3/1/2019. GA resident? IN resident? MN resident?
Governor Gary Herbert (R) of Utah signed legislation into law that strengthens protections for medical cannabis patients and further improves upon the state’s new medical cannabis access program. Update : SB 34 is scheduled for a hearing in the Senate Committee on Business, Professions, and Economic Development on 4/1/2019.
HempFusion is One of a Select Few Brands Prepared for FDA Compliance DENVER–(BUSINESS WIRE)–$CBD.U #CBD–HempFusion CBD–HempFusion Wellness Inc. TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO)… Read More.
–(BUSINESS WIRE)–Hemp, CBD, THC-cannabis and psilocybin compliance consulting firm Allay today announced a first-of-its-kind partnership with Cannabis Connect Insurance (CCI) to offer discounted rates to cannabis companies working with Allay to gain critical safety certifications. “In PORTLAND, Ore.–(BUSINESS
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.
I (NASDAQ: MCMJ ) (“Merida”), a special purpose acquisition company sponsored by Merida Capital Holdings, today announced that they have entered into a definitive agreement with respect to a business combination. The pre-recorded audio call may be accessed by navigating to www.netroadshow.com/nrs/home/#!/?show=a693ae94. About Leafly.
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. Real Estate.
Supreme Court has decided not to help resolve an ongoing legal battle between the Internal Revenue Service (IRS) and various cannabis businesses in Colorado. Understanding the Impact of Section 280E on Cannabis Businesses. Many business owners even choose to operate illegally as a way of saving money. cannabis sector.
When you additionally factor in decriminalization and marijuana-specific CBD laws, there is, in fact, only 4 states in this entire country that are actually in compliance with federal law and the controlled substances act. This tension between state and federal laws is and remains untenable.
Even though laws were put into place that legalized MMJ and made it possible for qualifying patients to access the medication, dispensaries and sales had not yet come into play. The post Millions Per Month: Why The Missouri Medical Marijuana Business Is Booming appeared first on MMJRecs. Is medical marijuana expensive in Missouri?
Legislation is pending, House Bill 19-1234, to allow licensed marijuana businesses to deliver both medical and adult use marijuana to private residences. Legislation is pending, Senate Bill 24, to expand access to medical cannabis in the state. Legislation is pending, HB 350, to expand medical cannabis access. CO resident?
Local Business Also Pleads Guilty to Laundering More than $770,000 in Marijuana Proceeds through Account. At the time, Cannabless was not in full compliance with Oklahoma’s medical marijuana laws. Here’s the DOJ release. Based on this false statement, the bank opened an account it otherwise would have not opened.
Legislation is pending, Senate Bill 59, to expand medical cannabis access. Legislation is pending, House Bill 673 / Senate Bill 1430, to expand medical cannabis access. Senate Bill 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. DE resident?
Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. Why Does Shield Compliance Subscribe to the Cannabiz Media License Database? What’s Next for Shield Compliance? A big focus for Shield Compliance in the near future is its new onboarding solution.
Simplifya Launches Suite of Compliance Solutions for Cannabis Businesses in Connecticut, Broadening the Company’s Footprint to 25 States. Simplifya Standard Operating Procedures (SOPs) : Simplifya SOPs are designed to help ensure cannabis businesses are efficiently, effectively and legally running.
This data helps Californians understand the work we have ahead of us in realizing the promises of cannabis legalization, including supporting access to a safe, legal, and equitable cannabis market across the state and combating the unregulated, illicit market”. SACRAMENTO, Calif.–( Tweet this. CAcannabis #Map.
If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand. QUESTION: What’s the state of the Cannabis business today? . We all have to do better.
These new team members will be instrumental as we scale our business to tackle the compliance and marketing needs of companies in both the cannabis sector and other highly regulated industries.”. Here’s the press release. Dawn Hartman is joining Fyllo as Vice President of Sales and Regulatory Databases.
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?
Rootwurks”), an e-learning, training, and compliance management platform solution designed by the former founder of an industry-leading food compliance and training company, has launched to help cannabis companies maintain regulatory compliance through interactive education and a user-friendly operational toolkit.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.
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