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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. Actions to Take.
New Jersey lawmakers have come to an agreement with Governor Murphy regarding retail marijuana tax rates, settling on charging sales tax by weight as opposed to a specific percentage. Welcome to the latest edition of NORML’s Weekly Legislative Roundup! Your Highness, Carly. Actions to Take. AZ resident?
Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .
Spain’s cannabis market is a diverse mix of Spanish and foreign-owned companies selling everything from seeds, fertilizer and grow lamps to hemp-infused beers and CBD tinctures, oils, and creams. Irrespective of where the directive came from, policy on CBD has changed. Rumors, Statements and Raids ??
In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15).
tetrahydrocannabinol (THC), which was followed in 2021 by the approval of a bill to legalize the cultivation and sale of medical marijuana with more than 0.2% A demonstration in central Athens during the Global Marijuana march, an annual rally demanding the legalization of marijuana and changes in drug policies (Shutterstock).
For more than seven years, Vo was an executive at Florida-based BioTrackTHC, a seed-to-sale software provider, most recently serving as CEO and president. Helix is involved in marijuana security services, banking-related consulting and logistical support. Colorado-based Helix TCS acquired BioTrackTHC in June 2018.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
A recent US court case filing illustrates the importance of working with a seed supplier that you know, trust and knows the international market. A recent US court case filing illustrates the importance of working with a seed supplier that you know and trust. Important FAQ’s To Consider Before Purchasing Seeds. . Seed Research.
With more MMJ patients than in any other state, the Oklahoma MMJ industry is booming with sales of more than $350 million through the end of last year. With this type of growth, some people estimate that the state’s revenue could reach as high as $700 million a year in sales from MMJ products in the future.
The Indian Landrace Exchange describes itself as a “collective of Indigenous frontline farmers, seed collectors, and preservationists” with the goal of supporting these communities economically while helping spread and preserve their landrace strains. Landrace seeds are harvested by hand in the local villages where the plants grow.
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. . This article is the first in a series called, “So you want to start a canna biz?”
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. One of the first states to legalize recreational marijuana was Colorado, followed by Washington and Oregon. 1] [link] ; [link]. [2] How do I start a dispensary?
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.
In May 2019, Florida Commissioner of Agriculture Nikki Fried announced that a newly-created and appointed Medical Marijuana Advisory Committee of 18 doctors, lawyers, patients, industry leaders, and advocates will be implemented in order to “advance and modernize policies” to move Florida into the future of medical marijuana.
We listen and share with Cary Shepherd, former policy director for the Illinois Environmental Council , and Jason Nelson, senior vice president of horticulture at Cresco Labs , to learn a little bit about how Illinois legislation got to be so green—and what it all means for a budding industry in these challenging times.
As a Holi staple, thandai is made by boiling a mixture of milk, sugar, cannabis, poppy seeds, pepper, ginger, cloves, cardamom, almonds, pistachios, nutmeg, and rosebuds. Rarely can you visit the banks of the Ganga without coming across a sadhu and his chillum , a conical smoking pipe made of clay. Bias in legislation on cannabis?
Last Updated: July 3 2019. Article by Patrick J. Blaney McMurtry LLP. Your LinkedIn. Connections at Firm. From: Patrick Cummins, Blaney McMurtry LLP, Toronto, Ontario, Canada. To: Jonás Bergstein, Bergstein Abogados, Montevideo, Uruguay. Cummins: DO URUGUAYAN CANNABIS COMPANIES LIST BY WAY OF IPO? Bergstein : We refer to the above responses.
Reported cannabis sales increased 46% in 2020 alone , and as legalization continues nationwide more and more opportunities to invest are sprouting up. From the seed to the sale, all good investors should roll up their sleeves and dig into the fundamentals of the businesses they invest in. Buy organic. Break down the research.
Marine fog casts a gray haze and fills the air with palpable moisture on the coastal bluff overlooking the vast blue expanse of the Pacific Ocean. Adequately dense, but not rock hard, the nugs are pale green with orange hairs and, while its appearance does showcase a bit of frostiness from the trichomes, it’s not incredibly sticky to the touch.
26 with approximately 10,000 hemp seeds planted in a single day. The Company has executed a sales agreement to sell $1 million worth of DrillWall over the course of one year. (Read the full press release here.) . CEO Bruce Perlowin’s role as the subject of the No. 1 most watched CNBC documentary of all time “Marijuana Inc.”. “In
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony. Ed Keating: Yeah.
Legislators seem both wary and weary of cannabis: the 2023 industry scandals implicating public officials are still fairly recent; and, after ten dynamic years and hundreds of adult use cannabis proposals, bills and laws, the program needs to breathe. Most of it will be scaffolding and maintenance. Just a clarification needed. Makes sense!
They write… As the global COVID-19 pandemic drags on around the world, the damaging effects to mental health are becoming more and more apparent. With a 25% increase in suicide rates in young adults and over 50% of all adults reporting some type of mental health issue (depression, anxiety, stress, etc.), Source: [link].
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. Selinger cites software, point-of-sale systems, and packaging as areas that are thriving in the state.
MMJ sales via dispensaries are expected to total $200 million-$300 million in 2018, according to projections in the Marijuana Business Factbook 2018, up considerably from an estimated $20 million-$40 million in 2017. This summer brought daily cannabis-related news and the hits just keep on coming. 1, 2017, to 159,107 as of Dec.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Banking Still a Wild Card . Growth Persists Despite Legal Uncertainty.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Banking Still a Wild Card . Growth Persists Despite Legal Uncertainty.
And while product sales this year remain brisk—with states like Michigan and Illinois reaching billion-dollar industry valuations—questions remain about the true viability of legislative change and the ability of legal providers to compete with legacy markets. Banking Still a Wild Card . Growth Persists Despite Legal Uncertainty.
Senate Banking Committee Chairman Mike Crapo (R-ID) said that an impeachment trial could delay consideration of cannabis financial services legislation, but no moreso than anything else that requires floor time. In this week’s edition: Federal e-cigarette ban on flavored products may be in the offing.
Back to the main story, it was pretty clear after the FAQs were issued that the CDPH wouldn’t continue to tolerate sales of foods or beverages with Hemp CBD for long. Before getting into California Hemp CBD laws, it’s important to discuss what the new Farm Bill even changes. The current Farm Bill also gives the U.S. Now, on to California.
But without the license, he said he couldn’t get a business bank account and retailers didn’t want to deal in cash. Camp said he didn’t try to conceal anything from the Washington State Liquor and Cannabis Board and resolved his banking issues after getting the license. There’s no due process here,” said Camp. Subjective enforcement’.
We will be taking many more in-depth looks at the 2020 race as it progresses, including potential primary challengers on the Republican side, but first we wanted to provide an overview of all the currently announced Democratic candidates, along with their record and policy statements when it comes to marijuana legalization. The Senators.
In this week’s edition: Oregon Legislative Assembly passes bill allowing interstate transfers of cannabis, subject to certain limitations, in the event of a federal policy change. Nevada law and California bill propose regulations relating to industrial hemp products, including CBD. Alabama Governor Kay Ivey (R) signed S.B.
Importantly, the Court left the injunction in place preventing the enforcement of the smokable hemp ban on retail sales! The news that is attached I replicate below, and I include as well a couple of newsletters from the American Bar Association Cannabis Law & Policy Committee that I Chair. But retail is OK!
A Colorado hemp farm and processor sued their business partner in federal court, claiming his failure to provide adequate funding for seeds and labor led to an extremely poor harvest this year. Law 360, we’ve noticed over the last few months now have reporters following up every cannabis lawsuit they can find in the country.We
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