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). This nuanced understanding calls for targeted policy interventions and support mechanisms to address the unique obstacles faced by M/WBEs in the cannabis sector.”

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Data Policy Banking Business 105

Burns Levinson (Cannabusiness advisory)

APRIL 20, 2022

However, the legality is questionable, and as cashless ATMs may be violating the policies of major credit card companies, the method may soon be shut down. Tina Sbrega of Lighthouse Biz Solutions, and Cathy Corby Iannuzzelli of KindTap Technologies, will discuss their … Keep reading.

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Events Law Business Banking 89

Medical Marijuana Program Connection

APRIL 19, 2024

Yes, there is a New Jersey legal weed dispensary near you. It may not be in your town, but it’s probably in your county. In most parts of the state, you should have one within a half-hour drive at the most. And in some places — like Somerset, Mount Holly. Read More

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Dispensary Edibles Vaping Legalization 49

SMPL

MAY 21, 2020

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep. Larry Bagley (R), withdrew it.

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Banking Marijuana Legislation Patients 40

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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Dispensary Strains Edibles Business 52

TheAnswerPage

JULY 30, 2022

The “Cannabis Administration and Opportunity Act (CAOA) Series” continues: If the Cannabis Administration and Opportunity Act (CAOA) is passed, would the banking practices of dispensaries be impacted? See the Answer.

Banking 52

Banking Dispensary Policy Business 52

Cannabis Law Report

AUGUST 12, 2021

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.

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Marijuana Dispensary Programs Retail 105

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 .

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Banking Packaging Safety Business 61

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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Dispensary Retail Recreational Business 69

Cannabis Law Report

JULY 25, 2021

With banking options still difficult for cannabis businesses to access – including the ability to accept debit and credit cards – cannabis companies are still searching for ways to facilitate their merchant processing needs. The issues with cashless ATMs. Two accomplices were eventually fined and were sentenced to prison.

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Banking Programs Dispensary Business 105

The Blunt Truth

MARCH 18, 2021

Will the SAFE Banking Act finally have its day in the Senate? And finally, in a victory for effective product placement, the Girl Scouts are back in front of dispensaries. The SAFE Banking Act returns for another shot at enactment. Then, the regional Girl Scout council stopped the sales, saying it was “against policy.”

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Banking Dispensary Events Legalization 77

Cannabis Law Report

MARCH 5, 2020

State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. Maine is “very close” to issuing the first round of conditional recreational business licenses, said Erik Gundersen, the director of the Office of Marijuana Policy.

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Dispensary Safety Conditions Banking 59

Cannabis Law Report

JULY 1, 2021

The policy was updated last month to remove the ban, with some restrictions. Here’s what the previous policy said: . The new policy , which was updated on June 7, reads: . Apps that encourage consumption of tobacco and vape products, illegal drugs, or excessive amounts of alcohol are not permitted on the App Store.

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Vaping Consumption Policy Banking 119

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. IN resident? NJ resident? New Mexico.

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Legislation Decriminalization Access Patients 247

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.

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Compliance Compliance Programs Topical 98

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

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Policy Patients Dispensary Banking 55

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.

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Dispensary Supply Chain Business Cannabis 98

Cannabis Law Report

MARCH 24, 2020

Wellness Connection filed a lawsuit in federal court Friday against the Maine department that oversees marijuana policy, claiming that residency restrictions on owners of recreational cannabis businesses violate the U.S. He said that because marijuana is illegal on a federal level, banks cannot provide loans. Constitution.

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Marijuana Recreational Policy Banking 76

Cannabis Law Report

JANUARY 10, 2020

Alison Felix , Senior Policy Advisor , Sam Chapman , Associate Economist , and Jordan Bass , Research Associate. v This coincided with changes in enforcement policy from the U.S. This continues to create challenges for marijuana businesses, including access to the payment and banking systems. Conclusion.

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Banking Marijuana Collective Recreational 59

Veriheal

AUGUST 3, 2021

The newly signed legal framework will boost medical cannabis purchase limits, as well as prolong specific policies that were imposed on a temporary basis when the coronavirus (COVID-19) health crisis initially erupted. What’s more, sales between dispensaries and patients accumulated $1.7

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Legislation Patients Supply Chain Dispensary 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

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Law Banking Collective Retail 73

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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Business Banking Programs Access 52

NORML

APRIL 5, 2019

Senate Bill 45 would make this policy consistent for juvenile offenders. Legislation is pending, House Bill 2980 / Senate Bill 2023, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses.

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Legislation Banking Hemp Compliance 190

The Blunt Truth

JUNE 11, 2020

The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. The dispensary formerly known as the Dank of Oklahoma will choose a new moniker. Further bulletins as events warrant. what’s in a name?

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Pets Decriminalization Banking Programs 95

NORML

MAY 31, 2019

The measure would allow additional dispensaries to operate in unincorporated areas of the state that are not within 25 miles of an existing dispensary. Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona. IL resident?

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Legislation Banking Access Hemp 112

SpeedWeed

MARCH 10, 2021

Every city, town, and municipality in the country has its own unique set of policies. Understanding the policy ecosystem is critical to how you will conduct operations, apply for a license, and of course, where you open your business. . Retail dispensaries. Take California for example. Delivery services. Manufacturing (e.g.,

Business 52

Business Banking Seed-To-Sale Research and Development 52

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. MN resident?

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Legislation Patients Access Seed-To-Sale 175

MMJ Recs

JANUARY 27, 2020

This means that there are no caps on the number of business licenses that can be awarded to dispensaries. Municipalities are also prohibited from enacting zoning restrictions, so it’s difficult to actually prevent dispensaries from opening in certain areas.

Marijuana 52

Marijuana Seed-To-Sale Banking Conditions 52

NORML

FEBRUARY 15, 2019

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. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. New Hampshire.

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Legislation Hemp Compliance Compliance 167

NORML

FEBRUARY 1, 2019

At the state level, activists in Florida and Missouri gathered in their state capitals along side state and local NORML chapters to lobby state lawmakers in favor of sensible marijuana policy reform. Click here to email your lawmakers in support of banking access. John Fetterman, Lt. CA resident? Update : S. FL resident?

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Legislation Decriminalization Access Patients 170

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of banking access. DE resident? IL resident? IL resident? ME resident? ME resident?

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Legislation Hemp Patients Compliance 140

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. Policy decisions related to taxation, zoning, and advertising also impact the industry’s operations and growth trajectory.

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Supply Chain Research and Development Marijuana Seed-To-Sale 105

Cannabis Law Report

JUNE 23, 2022

The program, which will help develop conditional adult-use cannabis dispensaries for social equity licensees, is a key component of the state’s Seeding Opportunity Initiative—an effort to promote social equity through positioning individuals with prior cannabis-related criminal offenses to make the first adult-use cannabis sales in New York.

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Seed-To-Sale Programs Retail Dispensary 52

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

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Legislation Decriminalization Hemp Patients 171

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]

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Policy Cannabis Law Treatment 100

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. I thought this was an interesting opportunity to be a lot more involved on the policy side.”. Watch an interview with Smith at. “I

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Dispensary Business Banking Cannabis 59

SMPL

MAY 28, 2020

The Louisiana Senate approved a bill to significantly expand the state’s medical marijuana program on Wednesday, and a committee advanced separate legislation on banking access for cannabis businesses. The Senate Health and Welfare Committee advanced the proposal last week and now the full chamber has approved it in a 28-6 vote.

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Marijuana Legislation Conditions Banking 40