Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . I fear dispensary employees being at great risk. From Rep Heck’s Office. Feb 13, 2019 .

Banking 61

Banking Packaging Safety Business 61

NORML

MARCH 8, 2019

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. WV resident?

Legislation 196

Legislation Patients Access Seed-To-Sale 196

The Blunt Truth

APRIL 23, 2020

marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. Because it’s hard to get money from the federal government if you have no bank account to receive it. See text of bill here. STATE ISSUES. Further bulletins as events warrant.

Banking 101

Banking Packaging Programs Legislation 101

Cannabis Law Report

JUNE 22, 2021

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. About Halo Collective Inc.

Collective 64

Collective Research and Development Cultivation Cannabis 64

Veriheal

OCTOBER 12, 2020

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. However, this isn’t the route they have taken to victimize dispensary employees and owners in most cases.

Dispensary 98

Dispensary Banking Safety Business 98

The Blunt Truth

MARCH 5, 2020

In Utah , sales began at the state’s first dispensary, located in Salt Lake City. Although recreational sales were expected to begin this month, they’ve been postponed until June. Medical marijuana made the headlines in two states this week. ” ON THE LIGHTER SIDE.

Banking 99

Banking DEA Hemp THC 99

Illinois News Joint

JULY 11, 2024

Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Black loan applicants face higher bank loan denial rates. For all licenses issued by the State, that number jumps to 60%.

Data 105

Data Policy Banking Business 105

The Blunt Truth

DECEMBER 19, 2019

The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. And a Kentucky legislator is proposing that state legalize as well.

Banking 61

Banking Agriculture Collective Legislation 61

Cannabis Law Report

DECEMBER 8, 2021

Hardware stores and dispensaries alike, business operators who work out of commercial properties have been ensnared in a recent theft trend. cannabis industry is of course locked out of American banking. Broadly known as cash-only operations, the nation’s dispensaries have been targets since legalization’s dawn.

Dispensary 98

Dispensary Supply Chain Business Cannabis 98

Cannabis Law Report

JUNE 20, 2019

Additionally, on June 18, 2019, the Governor signed into law an emergency bill increasing the amount of marijuana and marijuana products that a caregiver may wholesale to other caregivers and dispensaries from 30% of annual yield to 75% of annual yield. In fiscal year 2023, Maine is banking on $33.2

Law 73

Law Banking Collective Retail 73

Cannabis Law Report

NOVEMBER 15, 2021

Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. As we collectively analyze and respond to emerging issues in the cannabis industry, we will continue to be the preeminent voice in cannabis regulatory policy.”. Banking, Finance, and Taxation.

Compliance 98

Compliance Compliance Programs Topical 98

NORML

FEBRUARY 8, 2019

House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week. Activists in Mississippi have already collected thousands of signatures in hopes of qualifying a medical cannabis ballot initiative for the 2020 ballot.

Legislation 197

Legislation Decriminalization Patients Access 197

Cannabis Law Report

JANUARY 10, 2020

xxi Employees with support occupational licenses typically represent entry-level staff marijuana positions, most commonly budtenders within dispensaries, while key occupational licenses are required for individuals who work in operational or managerial positions. Tax Collections in the Marijuana Industry. percent state sales tax.

Banking 45

Banking Marijuana Collective Recreational 45

The Cannigma

DECEMBER 2, 2021

Unfortunately, this usually means the sativa/indica assignment is made by individuals – growers, dispensary staff, or distributors – who felt like it fit into one of these categories. A few seed banks still keep seeds from those original strains harvested in the 1970’s.

Strains 145

Strains Indica Sativa Hybrid 145

NORML

JANUARY 2, 2019

We certainly didn’t expect the opportunity to protest Jeff Sessions alongside Congresswoman Dina Titus and State Senators Aaron Ford & Tick Segerblom at the Apothecary Shoppe Dispensary with every news outlet present, but it happened! June 2018: Collected 79 Candidate Surveys from across Nevada.

Education 110

Education Media History Advocacy 110

Cannabis Law Report

JUNE 17, 2021

Le Mirage comes in 25mg THC Only Sour collection in sour green apple, sour cherry and sour peach and their premium 25mg THC & 25mg CBD Full Spectrum Line in Peppermint. . Premium Flower: Jushi Holdings Inc’s The Bank. Perfect for the dad on the go. For the Socially-Conscious Dad . Goddess Bliss Beans by CBD Goddess. Ounce Pouch.

Sleep 102

Sleep Strains Banking Wellness and Beauty 102

The Herb Collective

JUNE 7, 2019

Whether you’re looking to visit a recreational dispensary while on vacation or you’re just visiting your local dispensary for the first time, there are some things that you need to know. Keep reading to find out more about dispensaries and what you need to know to make the most of your first visit. What is a Dispensary?

Dispensary 8

Dispensary Recreational Strains Business 8

SpeedWeed

AUGUST 27, 2021

Additionally, the company has launched a series of upcoming brands and products in the State of Ohio, beginning with the debut of its brand, Sèche , the company’s fine flower line, which is currently available for purchase at partner dispensaries across the Buckeye State.

Programs 52

Programs Banking Research and Development Patients 52

SpeedWeed

AUGUST 26, 2021

Additionally, the company has launched a series of upcoming brands and products in the State of Ohio, beginning with the debut of its brand, Sèche , the company’s fine flower line, which is currently available for purchase at partner dispensaries across the Buckeye State.

Legislation 52

Legislation Banking Research and Development Patients 52

The Herb Collective

JUNE 4, 2019

Dispensaries nationwide vie for dominance. The race to modernize, accessorize and personalize offerings, chronicles extraordinary accounts of dispensaries enhancing cannabis consumer journey. This Scottsdale-based dispensary is the premier cannabis destination for premium quality grades in Arizona.

Dispensary 40

Dispensary CBD Cannabis Access 40

Otherside Farms

AUGUST 4, 2020

Now is the perfect time to open up a dispensary! Here are five things you must have before opening a medical marijuana dispensary. Sure, medical marijuana dispensaries aren’t viewed as a traditional business. You do not have to open your own cannabis dispensary to get into the market. A Business Plan.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

AUGUST 24, 2019

All it takes is a rival dispensary budtender or former employee to go to a profile and report it. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? ” BANKING: The setbacks? .

Banking 49

Banking Marijuana Media Patients 49

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. Will the IRS be given a new mandate to oversee and collect a new “Federal Cannabis Excise” tax?

Legalization 58

Legalization Collective DEA Banking 58

Cannabis Law Report

OCTOBER 28, 2019

In the year 2015, the state of Colorado collected over $135 million worth of taxes from the cannabis trade. Whether it is a dispensary that sells medical-grade cannabis and its products or a cultivator that grows the same, opportunities are immense. This is not merely an estimation, but a firm expected value based upon past trends. .

Decriminalization 65

Decriminalization Seed-To-Sale eCommerce Banking 65

The Cannigma

MARCH 12, 2021

A lot of the adult use, legalization has built upon the medical dispensary infrastructure, logistical infrastructure, the inspections and laboratory requirements in some states, and I imagine that also the political power of massive industries plays a role in pushing for further advancement. So, for example, payment systems.

Legalization 128

Legalization Patients Education Dispensary 128

SpeedWeed

MARCH 10, 2021

I really think the dispensaries really need to be given a chance to really perform.” . Licenses for grows and dispensaries would be handled through the Department of Taxation for the state, who would then collect revenue. The industry would likely start out largely cash-only because of limited access to banking businesses.

Legalization 52

Legalization Decriminalization Recreational Banking 52

SpeedWeed

FEBRUARY 20, 2021

When I first started my farm, I knew I could not access small business startup funding from my bank. The post Cannabis Business Times, Cannabis Dispensary, Hemp Grower Announce New Hires Anthony Lange and Andriana Ruscitto appeared first on SpeedWeed. The challenges of living without access to affordable and traditional financing.

Business 52

Business Dispensary Hemp Agriculture 52

Otherside Farms

JANUARY 25, 2019

Not only does this sensible plan allow patients to keep their expenses low compared to purchasing from dispensaries, it also gives them control over what they’re putting into their bodies right down to what kind of fertilizer is used. Choosing the Right Cannabis Seed Believe it or not, all marijuana is not considered medicinal.

Marijuana 68

Marijuana Strains Medicine Chronic Pain 68

Connor & Connor PLLC

AUGUST 30, 2018

a California medical marijuana dispensary, and denied Canna’s deductions for operating expenses, including significant amounts for employee salaries and vehicle expenses. During the years before the Court, the taxpayers owned a medical marijuana dispensary in Colorado. The dispensary sold smokable marijuana as well as edibles.

Business 49

Business Marijuana Banking Collective 49

Cannabis Law Report

JANUARY 17, 2020

In Solano County, Smith provided research and organized tours for the Board of Supervisors as they considered whether to allow dispensaries and other cannabis businesses to open. The Sacramento Bee reported last year that a man indicted in October with Rudy Giuliani’s associates in a campaign-finance scheme co-owns a Sacramento dispensary.

Dispensary 45

Dispensary Business Banking Cannabis 45

SpeedWeed

AUGUST 16, 2021

House, who was aligned with partners who were not Jones and White, collectively directed a majority interest of the LLC membership units (akin to shares in a corporation) in Genetixs. The post Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine appeared first on SpeedWeed. View original article.

Business 52

Business Dispensary Cultivation Cannabis 52

Cannabis Law Report

APRIL 4, 2019

The glacial pace of regulators charged with approving dispensaries to sell cannabis, as well as scattered locations for those dispensaries, have left the commonwealth receiving a fraction of hoped-for tax revenues — a really small fraction. Related: Cannabis Banking Bill Wins Approval in Crucial House Committee.

Marijuana 40

Marijuana Dispensary Banking Media 40

Cannabis Law Report

SEPTEMBER 1, 2021

For example, even though cannabis dispensaries cannot deduct employee wages against their taxes, they nevertheless must comply with minimum-wage laws. While these businesses must pay taxes, they are largely unbanked due to regulatory hurdles that prevent such businesses from accessing banking and other financial services. [10]

Policy 100

Policy Cannabis Law Treatment 100

Cannabis Law Report

SEPTEMBER 5, 2019

Where necessary, bank accounts should be opened, detailed procedures for internal accounting controls over cash developed and documented, and coordinated with both business operations and security. . DO NOT commingle a management company or other entities with your dispensary. The state society committee network is invaluable.

Business 11

Business Cannabis Extraction Dispensary 11

Cannabis Law Report

JANUARY 15, 2019

Alterman involved income tax deficiencies and penalties asserted by the IRS for 2010 and 2011 against individual taxpayers who owned and operated a small Colorado cannabis dispensary. The individual taxpayers had filed joint returns for 2010 and 2011 in which they reported the income from their cannabis dispensary.

Business 58

Business Dispensary Cannabis Compliance 58

Cannabis Law Report

JUNE 15, 2022

California Steps Up Tax Collection Efforts. The California Department of Tax and Fee Administration (CDTFA) has stepped up its attempts to collect about $200,000 in unpaid taxes from both illegal and licensed cannabis operations. Treasury Seeks Comment on Collecting Marijuana-Related Business Activity Information.

Business 52

Business Marijuana Safety Banking 52

SpeedWeed

APRIL 28, 2021

A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., Local 328 organizers first connected with dispensary workers at Curaleaf Hanover in March 2020, a month before filing the unionization vote and before pandemic-related government shutdowns were enacted. WCC (Women’s Cannabis Collective)

Seed-To-Sale 52

Seed-To-Sale Dispensary Cultivation Collective 52