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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. Update : HB 2149 was approved by the Public Safety Committee on 2/20. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!
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. They cannot sell any cannabis product with a tetrahydrocannabinol (THC) content higher than 0.2% Rumors, Statements and Raids ??
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.
Seminars at the Chicago event will feature speakers from a variety of organizations, including Seed to Sale Funding, Allay Consulting, Grove Bags, GreenBroz, Agrify, Agro Lighting, Kush Masters, Specialty Testing Solutions, and more. . The educational sessions will cover everything from seed to sale. until 5:00 p.m.
The CEO of Folium Biosciences, Kashif Shan, is accused of violating a cease and desist order issued by the Colorado Spring fire department who had attempted to shut down the company’s CBD extraction plant because a host of regulations and safety codes were being ignored by the company and its senior management team. Full Spectrum CBD.
cannabis company Australis called off its reverse merger with Colorado-based CBD wholesale company, Folium Biosciences, this month stating their due diligence found new information that made them want to back-out of the deal. The SEC usually builds their case based on whistleblower witnesses and then formally subpoenas the company.
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.
Cannabis lawyers are heading to Brussels next week to challenge a recent decision by the European Union to reclassify food products containing cannabidiol (CBD) and prohibit their sale. This applies to both the extracts themselves and any products to which they are added as an ingredient (such as hemp seed oil).”. AUTHOR: Mark Taylor.
federal law protects the retail sale of hemp-derived CBD. . This should give comfort to federally regulated institutions – pharmacies, banks, merchant services, credit card companies, e-commerce sites and advertising platforms — to conduct commerce with the hemp and hemp CBD industry. . Rend Al-Mondhiry , FDA Counsel to the U.S.
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.
CLR is pleased to announce we have a new correspondent reporting regularly from the front lines in Florida. We rarely see informed and investigative articles either from the Florida press or law firms so we’re very pleased indeed to have Heather onboard to guide us through the complexities of what’s happening in the state.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
A unionization effort filed for 17 employees at the Curaleaf medical dispensary in Hanover, Mass., went all the way to Washington, D.C., before a final decision on the results of a mail-in election was made earlier this month. The majority of ballots had been challenged, some of which remained sealed in the final vote count.
California’s Bureau of Cannabis Control (along with its Departments of Public Health and Food and Agriculture) dropped their much-anticipated emergency rules (see here , here , and here ) to fully implement the Medicinal and Adult-Use Cannabis Regulation and Safety Act in California.
The proposed rules, which recommend a $10,000 a year annual license for marijuana retail stores, will receive an initial review by City Council’s Health & Human Services and Public Safety and its Economic Development committees on Tuesday. Finger Lakes Hosts Nation’s First Hemp SeedBank.
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.
of Tax and Fee Administration [“CDTFA”] is the administrative agency for business entities that are subject both to Sales Tax, and to Cannabis Cultivation TAX [“CCT”] and Cannabis Excise Tax [“CET”]. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET.
Before getting into California Hemp CBD laws, it’s important to discuss what the new Farm Bill even changes. If you follow us here at the Canna Law Blog, you know we’ve written pretty comprehensively on this topic. However, as I explain below, that doesn’t necessarily mean hemp or Hemp CBD can be sold without state restrictions.
The House Appropriations Committee approved the 2020 Financial Services and General Government bill, which includes a cannabis banking provision that would prohibit financial regulators from spending money to go after financial institutions that do business with lawful cannabis companies. Alabama Governor Kay Ivey (R) signed S.B.
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