Illinois News Joint

FEBRUARY 16, 2024

The Sour Diesel Group provides “a wide range of services, including licensing, build plan, cannabis dispensary planning, state and local compliance, regulatory, inventory management, POS, website, E-commerce, security, payroll, employee training, vendor relations, cannabis license acquisition, sale, monthly audits, and P&L analysis.”

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Connor & Connor PLLC

NOVEMBER 27, 2019

Across the country, retail stores and medical dispensaries are seeing large revenues, despite the even larger burden of regulations and the persistent federal prohibition of the practice. Many of the dispensaries, especially in Nevada, are seeing their efforts pay off. How do I start a dispensary? 1] [link] ; [link]. [2]

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NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 347, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Update : SB 51 was approved by the Senate on 5/21/19, and now heads to the Assembly. CA resident? NH resident?

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The Blunt Truth

FEBRUARY 18, 2020

In LA, the city has been trying to address the problem of illegal dispensaries popping up in various locations. Efforts to date have met with limited success, and the city announced it would start going after landlords who lease to illegal dispensaries. Dispensary vaults cannot be on a wall that abuts the exterior of the building.

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Cannabis Law Report

MARCH 4, 2022

Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. So if you’re thinking about jumping on this trend and starting a marijuana dispensary, here are some of the things you need to consider first. states started to legalize it. economy as well.

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NORML

MAY 31, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. The measure would allow additional dispensaries to operate in unincorporated areas of the state that are not within 25 miles of an existing dispensary. AL resident?

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NORML

MAY 17, 2019

Medical cannabis sales kicked off in Arkansas last Friday as the first dispensary opened its doors. Click here to email your lawmakers in support of banking access. Legislation is pending, House Bill 824, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

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Otherside Farms

FEBRUARY 25, 2019

A few decades ago, you couldn’t open a cannabis dispensary in any state without facing the wrath of the state laws. You could be interested in opening a dispensary to take advantage of such opportunities but are not sure where to begin. Good news is, we’ve prepared a list of everything you’ll need to know before opening a dispensary.

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Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

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Cannabis Law Report

NOVEMBER 15, 2021

Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. Treasurer Tyler Klimas, Executive Director of the Nevada Cannabis Compliance Board, At-large board member Steve Marks, Executive Director of the Oregon Liquor and Cannabis Board. Social and Economic Equity.

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Cannabis Law Report

JULY 13, 2021

Liberty customers can download the Liberty Wallet app for free and connect it to their bank to purchase credits. The customer experience includes: Transfer funds from the customer’s bank into Liberty Wallet. These include credits transferred from the customer’s bank and free credits earned from previous purchases. “We

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WeedAdvisor

JULY 5, 2019

At the same time, CP 24 reports that some of the 25 original winners have not opened their doors yet, despite the deadline being April 1 st – with hefty penalties for non-compliance. Despite not even having all 25 dispensaries up and running, marijuana sales in Ontario doubled in April and continue to hold steady.

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SpeedWeed

JULY 13, 2021

At Leafly, we believe there’s a first time for everything, including your very first trip to a marijuana dispensary. We also know that a good first-time experience often boils down to expectations, and that many people want to know exactly what to expect before they even think about visiting a dispensary. . The bottom line?

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Cannabis Chronicles

JULY 1, 2019

Everything is harder — from opening a bank account to finding office space to hiring qualified employees — says Shane Schmitt, general manager of Wy’East Oregon Gardens, a cannabis cultivation and processing facility in Portland. People often want to run a dispensary or set up a cultivation center and I ask, ‘Well, have you ever done retail?

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SpeedWeed

SEPTEMBER 2, 2021

Shareholders whose 48North Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the consideration. More specifically, to the knowledge of HEXO’s management, HEXO is in compliance with applicable laws in the jurisdictions in which it operates.

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Cannabis Law Report

JULY 27, 2021

Most recently, Marshall was CFO of Shryne Group – a multi-state operator in the cannabis industry with operations in California, Michigan, Washington and Nevada, with a combined 10 operating dispensaries and revenues in excess of $100 million. Mr. Minor brings an extensive resume to GABY’s executive team. About GABY Inc.

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Cannabis Law Report

MARCH 20, 2020

MOBILE, DIGITAL BANKING . COMPLIANCE. HIPAA COMPLIANCE. Medical marijuana dispensary growth is trying to keep up with a growing patient count. Dispensary growth has been especially high in South Florida.” The state cap on medical dispensaries, however, will expire in April 2020. FINANCIAL SERVICES.

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Cannabis Law Report

SEPTEMBER 28, 2021

Due to federal restrictions that prohibit banks from providing services to legal cannabis companies, cash and cashless ATM are the only payment options for cannabis consumers and merchants, making the process inconvenient, unreliable and dangerous.

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Cannabis Law Report

JUNE 19, 2019

The number one challenge for businesses in the cannabis industry is legal compliance. Compiling client’s medical marijuana dispensary application for Missouri’s 5 th Congressional District. No trade is more challenging than cannabis. Representative Matters. Consulting on formation of Missouri medical marijuana-based business.

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MMJ Recs

MARCH 16, 2024

The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Effective supply chain management encompasses inventory management, transportation logistics, and compliance with regulatory requirements.

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Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

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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.

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Cannabis Law Report

MAY 26, 2019

Navigating the various state compliance regulations – while the consumption of marijuana, regardless of its intended use, is still prohibited at the federal level – can be a daunting task. Department of Treasury issues for banking and financial services clients engaged in the industry, and more.

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SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. At this time, in the state of Arizona, there are 130 registered, medical dispensaries that operate as nonprofits within the state.

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SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. Press the Play button below to listen to the podcast. ? You did not know it was available. Experience.

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Cannabis Law Report

SEPTEMBER 1, 2021

Federal law requires that taxpayers must report income from illegal sources – including cannabis sales (whether state sanctioned or not) – raising numerous tax compliance and design issues. The lawful cannabis industry faces numerous regulatory hurdles that makes even good-faith compliance with the law a challenge. Introduction.

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Cannabis Law Report

MAY 9, 2022

The bill, which would allow patients with qualifying medical conditions to buy, possess, and use cannabis from state-licensed dispensaries, was passed by the Senate in February 2022. She regularly advises clients on CCPA and GDPR compliance issues. Rachel LaBruyere is a privacy and litigation associate in Bradley’s Charlotte office.

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Veriheal

NOVEMBER 12, 2020

And because cannabis businesses can’t take advantage of banking protection s or other forms of federal assistance, they run the risk of being even more hard-hit by the recession. From their perspective, it’s a way to bring the new industry into more complete compliance with the tax code. The New Plan For Cannabis Businesses .

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Cannabis Law Report

DECEMBER 12, 2019

Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes. The cannabis business-lessee was apparently in compliance with all applicable Washington State laws and regulations. As the cases make clear, it’s not only growers and dispensaries who need to be concerned.

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Cannabis Law Report

APRIL 23, 2019

Prior to getting involved in Tax Law, Dionne was a litigator for several years, representing Lenders, Banks and Servicers in Foreclosure actions. Setting up routes and ensuring compliance with both the Department of Transportation and state medical or adult-use marijuana laws is difficult.

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SpeedWeed

AUGUST 16, 2021

Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance. Cannabis and banking (to include those with expertise in how to properly safeguard and report what is still overwhelming a cash-based business due to the ever-present federal illegality of cannabis). View original article.

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Cannabis Law Report

DECEMBER 16, 2021

31, 2021, to decide whether to “opt in” or “opt out” of allowing cannabis retail dispensaries to operate in their jurisdictions now that cannabis is legal in the state. A town has the option to later opt back in; however, the state will be issuing a limited number of dispensary licenses. New Mexico Cannabis Business Loans Begin.

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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. Let’s begin with the following: STATES Act Becomes Law. This result is dependent on the mark-up and amendments.].

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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. of Public Health [“CDPH”].

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MMJ Recs

MAY 5, 2024

This includes establishing licensing requirements, setting standards for product safety and quality, and enforcing compliance with state regulations. These include access to banking services, federal prohibition, and ongoing regulatory issues. They can either cultivate their marijuana or purchase it from licensed dispensaries.

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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.

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Cannabis Law Report

APRIL 26, 2022

Yet these companies are building businesses in a tough market plagued by myriad challenges, from banking prohibitions to ever-changing regulations. Cultivators and brands can use this barcode to upload and access test results and compliance certifications. Cannabis companies face unprecedented headwinds.

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