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Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
” Tiffany Devitt’s response: As Cheech & Chong are well aware, businesses are subject to federal and state laws. It was crafted to provide accountability and transparency throughout the supply chain with lab testing, track-and-trace programs and tax collection mandated. Theres no ambiguity or loophole.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. This is not just good policy, but good politics. As long as marijuana remains a Schedule I substance, federal policy remains ignorant of this fact.
It is a scenario that frustrates legal cannabis businesses and law enforcement alike. The surge in cannabis policy reform across the country and world may have caused many to anticipate a heavy blow to illegal operators, and black-market activity did experience an initial decline.
The mission of the United Cannabis Business Association is to establish a comprehensive, statewide cannabinoid policy. It is in that same spirit that UCBA has spent the last three years advocating for responsible consumable hemp policy. Such a policy includes equal safety testing requirements to protect public health.
According to the county Land Use & Environment department, the review process “would cover the broadest scope of cannabis operations … (and) begins the work to open the cannabis industry’s commercial opportunities to more businesses.” both in San Diego.
Next year promises to be a pivotal year for cannabis policy reform. In addition to the 2020 Presidential election in November, voters will also be deciding that same day on several state-level marijuana policy initiatives. With this in mind, we are seeking guidance regarding how we can more effectively serve our membership.
DALLAS–(BUSINESS WIRE)– $ACB #GENH –Generation Hemp, Inc., a Dallas/Fort Worth based midstream hemp company (OTCQB: GENH) and its wholly-owned subsidiary, GENH Halcyon Acquisition, LLC (collectively the “Company”), today announced that its Chairman and CEO, Gary C. Generation Hemp Chairman and CEO, Gary C.
Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. Read More at .
Since that policy shift, a drug with public safety stigmas has essentially given the city some advantage on bridging funding gaps in historically underfunded priorities, and has even earned praise from the Orange County Grand Jury in a new June 3 report.
CCIA Policy Conference What’s Missing? – On Wednesday, March 20, 2019, the California Cannabis Industry Association (“CCIA”) will host its 4th Annual Policy Conference in Sacramento, California. 2019 Policy Development & Legislation , moderated by Amy Jenkins, CCIA. Wendy Carrillo, Assembly, District 51; Hon.
Although not specifically about the cannabis sector this paper talks about developing agri-businesspolicies that will work for Africa and not multinationals that are foreign-owned. Agenda 2063 is Africa blueprint and master plan for transforming Africa into the global economic powerhouse in the near future.
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding. Why Are There So Many Cannabis Lawsuits?
We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. Some of the outcomes we’re interested in looking at, is what kind of cannabis are they using?
Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Here’s what they say.
The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.
The new Cultivar Collection from Trulieve demonstrates how a multi-state player can stay craft at its core. But that’s exactly what’s happening for this seed-to-sale leader that’s paving the way in the business. Crafting the Cultivar Collection. The proof is in the pudding with Trulieve’s new Cultivar Collection.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020.
Drug Enforcement and Policy Center, August, 2022. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Ohio State Legal Studies Research Paper No. Cat Packer.
What constraints does the MRTA place on the location of these businesses? Applicants who do not qualify as social or economic equity applicants should be considering how their operations might meet the policy goals of MRTA, because the legislation’s licensing framework includes several criteria focused on social and economic equity.
Collectively, the four aforementioned newly legal states are projected to earn $4.5 Let’s take a look at some key business details and projections for those newly legal states: 1. Legal Cannabis Business Framework . Legal Cannabis Business Framework . billion in annual sales by the fourth year of operation. Connecticut.
SB226 | 280e Language in Jeopardy – Please Call You Legislator This AM To Save Tax Parity For Your Business . SB 226 has our tax parity language in it that allows us to deduct the same expenses as other small businesses in the state. Economic Impact : Medical marijuana businesses just began opening in mid to late 2020.
For starters, this case clarifies that the federal government can neither force the states to enforce federal marijuana policy, nor can they prohibit the states from implementing or revising their own marijuana policies. The federal government just cannot prescribe what shall be orthodox in marijuana policy.
Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Additionally, minority- or women-owned businesses held 63% of craft grower, 61% of infuser, and 74% of transporter licenses. Black loan applicants face higher bank loan denial rates.
DEAD – ALIVE – COMATOSE – Are medical cannabis collectives dead or alive? What about adult-use cannabis collectives and cooperatives? If you can apply the advice to improve your business or your life, you get a benefit that cost you solely a little time. CPAs – Jordan S. PUBLISHER: CANNABIS LAW REPORT.
Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. About half those are “only one or two payments behind,” the report states.
Director of Policy (Deputy Director, NS) #10901. The Policy Director will also oversee the development and implementation of the Office’s public health educational campaign as well as the monitoring, surveillance, and reporting on key metrics related to the impacts of cannabis legalization. Range From $112155 to $141538 Annually.
The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. A new report from the Marijuana Policy Project shows that states have collected $7.9
Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue. The continued success of adult use cannabis sales highlights how equity-focused policies can create meaningful change, said Lt. Governor Juliana Stratton. February: $135,571,931.44 March: $148,872,065.12
“We are delighted to be expanding our Craft Cannabis Collection in the Province of Ontario – Canada’s largest and fastest growing recreational cannabis market,” stated Sugarbud’s CEO, John Kondrosky. We Take Pride. We Take Our Time………….
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.
The National Football League (NFL) preseason is upon us, and though the players may have changed, the league’s strict cannabis policies have not. According to a report from NBC Sports , “the NFL is prepared to make major concessions regarding the substance-abuse policy, especially as it relates to marijuana.”
Mosher, who has studied marijuana policy for roughly 30 years, recently released his new book “In the Weeds,” which he co-wrote with Scott Akins, an associate sociology professor at Oregon State University. The book traces the evolution of society’s views on the drug and how it has affected policy.
Employers are not prohibited from establishing or enforcing drug testing policies, including drug-free workplace policies, or requiring a worker to disclose that they are a medical marijuana card holder. New Mexico. Since June 29, 2021, adult recreational use of marijuana has been legal in New Mexico. Philadelphia, PA.
Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., Forward-Looking Statements.
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? MN resident?
Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. At that time, many employers will be prohibited from taking certain actions in the absence of clear policies addressing marijuana use or evidence of impairment. Now is no different.
In a large-scale study led by the Marijuana Policy Project, the organization compiled information from all 19 states that legalized recreational marijuana, as well as Washington D.C. legal cannabis brought states an additional $7.9 billion in additional tax revenue from recreational sales alone.
As we dive into the formation and operation of a cannabis business, we need to make a shameless plug for an article that is about how we think our clients can make the best use off our services. The core team of advisors should be selected, the composition of which will vary according to the size, nature and operations of the business. [We
–(BUSINESS WIRE)–International cannabis brand Cookies today announced the debut of new top-shelf concentrate and flower product lines at the Cookies Tacoma retail location, with statewide availability coming soon through an exclusive partnership with expert extraction company Edgemont Group , maker of Full Spec and Leafwerx products.
It’s time for Idaho to grow up,” she told Cannabis Business Times and Cannabis Dispensary. The Idaho Way , formerly known as the Idaho Citizen Coalition for Cannabis, is also working to bring cannabis policy reform to Idaho in the form of a decriminalization initiative called the Personal Adult Marijuana Decriminalization Act (PAMDA).
They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. million during the second quarter of 2021, California’s cultivation tax represented roughly 12% of the state’s total cannabis tax collected from that period.
The statute, regulations and IRS policy provide basis for the abatement of all of the asserted delinquency penalties under IRC§ 6651(a) and the accuracy related substantial understatementpenalty contained in IRC Sec. 1 Alterman should be read by anyone contemplating engaging in commercial business within the cannabis industry.
According to the Oregon Cannabis Association (OCA) , police budgets received more than $2 million directly from cannabis tax proceeds last year – despite the city passing a measure in 2016 stipulating that those funds should be designated for substance misuse treatment, public safety, and small business development.
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