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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.
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.
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.)
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. Metrc has additional information and support available online here.
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.”
Cannabis dispensary owners must make a fortune—at least, that’s what a lot of folks think. Sure, when legal sales first start out, cannabis dispensaries tend to do well. But what happens when the newness wears off and other dispensaries start to pop up? Let’s explore why dispensaries are struggling across the nation.
“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.
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?
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.
Since before adult-use legalization, the hundreds of thousands of qualified medical patients in Illinois have had only 55 dispensaries to chose from, and the lack of access to specific medical needs, especially in southern Illinois, has forced several patients to drive 2-hours or more to purchase medicine.
As recreational cannabis continues to dominate, the number of dispensaries catering exclusively to medical patients has dwindled, leaving many individuals with fewer options for specialized care. This trend raises important questions about access, affordability, and the future of medical cannabis as a vital healthcare resource.
While these businesses would benefit from being properly insured just like other businesses in America, they face the hurdle of current federal regulations against cannabis that label it a Schedule I controlled substance with no medical purpose and a high addiction rate.
For a live menu, click here , or check our Dispensary Directory for more information about Nature’s Care Co. The West Loop dispensary can be reached by phone at 872-250-6520, emailed at info@naturescarecompany.com, found on Instagram @naturescare , Twitter @NaturesCareCo , and Nature’s Care Co. ’s Sunday through Saturday.
December 5, 2022, Altius Dispensary hosted its grand opening as one of three new adult-use social equity dispensaries in Illinois. Altius was the recipient of the third of almost 200 new adult use cannabis dispensaries set to open in 2023 and beyond. For Dispensary Spotlight Features, visit here. to to 10 p.m. on Sundays.
For the recreational menu, click here , or check our Dispensary Directory for more information about Nature’s Care Co. The Rolling Meadows dispensary can be reached by phone at 847-754-4955, email at info@naturescarecompany.com, found on Instagram @naturescare , Twitter @NaturesCareCo , and Nature’s Care Co. ’s
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.
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? GA resident? NH resident?
It took until late 2017 for the first Maryland dispensary to open for business. The program is also becoming more patient-friendly, with more dispensaries opening and a wider range of products becoming available. The first MMJ dispensaries opened in Maryland in 2017. What cities in Maryland have recreational dispensaries?
Although medical cannabis has technically been legal in Missouri for over a year and cards have been issued, patients are still waiting desperately for dispensaries to open across the state. That, coupled with various limitations imposed by the coronavirus, means dispensaries may have a limited selection of products when they first open.
Medical marijuana (MMJ) dispensaries play a crucial role in providing patients with access to the cannabis products they need for managing various health conditions. Visiting an MMJ dispensary comes with a set of unwritten rules and etiquettes that patients should be aware of. This is a legal requirement in many states.
Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. Tweet this.
Approximately 2,835 unlicensed dispensaries were listed as trading across California, according to the audit conducted by the United Cannabis Business Association (UCBA), a trade association representing a wide variety of licensed marijuana businesses. billion in sales by licensed and registered marijuana businesses.
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
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. It wasn’t until October of 2020 that dispensaries began opening their doors to qualifying patients for the sale of medical marijuana.
As Florida’s leading medical cannabis physicians , CannaMD is committed to working closely with licensed dispensaries to ensure medical cannabis patients stay safe while continuing uninterrupted treatment during the coronavirus (COVID-19) crisis. UPDATE (3/19): MEDICAL MARIJUANA PHYSICIAN APPOINTMENTS. COLUMBIA CARE.
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.
The organization has, they say, ……evaluated patient access, affordability, equity, and product safety. With a decline in legislative improvements in state medical cannabis programs, millions of patients are left with limited or no access,” ASA Executive Director Debbie Churgai said. “It Pennsylvania State Rep.
Sooner State MMJ patients have access to a medical marijuana program that is the envy of patients in other states. MMJ dispensaries in OK are some of the best in the US. But can you go into a dispensary without a card in Oklahoma? How Many MMJ Dispensaries Are In Oklahoma? Do You Need A Dispensary Card In Oklahoma?
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
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?
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
Leia Flynn is a legal assistant at a firm that works with cannabis businesses and the owner of Flight Lounge, a members-only private cafe allowed under the City of Portland’s social consumption guidelines. 3) Allows existing cannabis dispensaries to add a social consumption space. (4) “That is discrimination.”
RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants.
Eaze Dispensary stores expand the company’s retail footprint, bringing consumers the brands they love in person and to their doorstep. In August 2021, Eaze announced the acquisition of multi-state retail leader Green Dragon, inaugurating the company’s expansion into dispensary retail in Colorado and Florida. San Diego, CA 92108.
The Cannabis Business Association of Illinois (CBAI) touted in a press release today five years of regulated adult-use cannabis. CBAI listed five key points, including increasing diversity, regulating intoxicating hemp, lowering taxes, regulatory changes, and expanding access. The unregulated market faces no such rules.
Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. If appropriate for their business models, registered medical cannabis caregivers may choose to convert their registration type to dispensaries.
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.
Bob Hertzberg [D], SB 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. Click here to email your lawmakers in support of banking access. Legislation is pending, House Bill 5442, to expand patients’ access to medical cannabis in Connecticut. CA resident? CT resident?
Through the program, 23 qualified licensed social equity dispensaries are set to receive $240,000 Direct Forgivable Loans (DFL) financed by the State of Illinois. This round of funding was open to dispensaries who received licenses prior to the July 2023 dispensary license lottery.”’ Governor Juliana Stratton.
According to Tom Bout, founder of the Cannabis Professionals Network, over 30 Washington dispensary robberies have occurred since November 2021. Post signs in businesses explaining that staff does not have access to much cash. Why are cannabis shops facing an uptick of robberies? Ed Perlmutter?
According to the announcement, the Cannabis Social Equity Loan Program will provide $12 million in loans to social equity dispensaries through Direct Forgivable Loans (DFL) fully financed by the State of Illinois. Loan amounts, up to $240,000, will be provided to qualified, licensed social equity dispensaries.
However, since legalizing the possession and consumption of cannabis for adults, the state has yet to implement operational dispensaries to serve adults in the state. This has caused a long list of issues, such as unregulated businesses serving the general public. So When Will Cannabis Dispensaries Be Operational in New York?
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