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“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.
The Coalition letter focuses on the need for small business access to the SBA relief funds as an avenue to protect the progress that has been made by minority entrepreneurs in the emerging legal cannabis marketplaces. RE: Protect Minority-Owned Marijuana Businesses and their Workers. You can read the full letter below.
There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. The enactment of these policies have not negatively impacted workplace safety , crime rates , traffic safety , or youth use patterns. 3540 , H.R. 3543 , and H.R.
. “In this era of tremendous uncertainty, it is crucial that policymakers use every tool in their toolkit to promote public health and safety. By implementing these common-sense reforms, we can ensure a safer environment for those who work in this essential industry and those who they provide for,” said NORML’s Strekal.
Members of the House Energy and Commerce Subcommittee on Health today held a legislative hearing, “ Cannabis Policies for the New Decade ,” during which they considered multiple legislative bills aimed at amending federal cannabis laws. He continued: “The fact of the matter is that legalization and regulation work.
"Each of the major pieces of marijuana policy reform legislation currently pending before Congress enjoy majority support from the American people. The post Poll: Majority of Americans Support Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML.
But, this new reality doesn’t mean that we don’t have the ability to positively influence federal policy. If you want to see a robust consumer-oriented cannabis marketplace, then we must act now to protect these small businesses. And, that’s why I am asking for your help right now.
Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration.
This week, the Minority Cannabis Business Association unveiled their Municipal Ordinance model on how localities can administer new business licenses in a fashion that promote minority entrepreneurs and ensure that the emerging industry will not be dominated by a flood on new investors who have not been harmed by the consequences of prohibition.
NORML Cannabis Policy Guidance Memo for Protecting Public Health During COVID-19 Crisis. Urge Congress to Provide Small Business Relief to State-Licensed Cannabis Companies. Contact your federal lawmakers in support of this needed change to protect small businesses. Download memo. View the up-to-date list.
Rescheduling would stand to have the largest impact on cannabis research and business taxes. Cannabis business taxes If rescheduling is approved, it means state-legal cannabis businesses could start taking federal tax deductions they’ve been previously banned from under Internal Revenue Service (IRS) code 280E.
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.
The public has a stigmatized view of the product but legitimate business owners can’t reach them; it creates mistrust,” says Kyle Porter, who runs CMW Media, which does marketing and public relations for cannabis companies. But it’s hard to see that happening unless companies can market their wares the way beer and liquor companies do.
I’m proud to work with NORML to create a more just national marijuana policy. My bill, The MORE Act, is the most comprehensive marijuana reform bill ever introduced, and it’s backed by a broad coalition of civil rights, criminal justice, drug policy, and immigration groups.
Twitter’s New Policy In February, Twitter relaxed its rules by allowing cannabis companies to advertise their businesses. Twitter further updated its cannabis ads policy on April 25, 2023, to allow cannabis companies in some U.S. This news of Twitter’s policy made headlines immediately after it went mainstream.
The most essential component in creating a stable business environment to meet consumer demand is certainty, and that is what states and businesses would have with Congressman Correa’s legislation to protect state-lawful programs from potential rouge US Attorneys under a Department of Justice likely to be led by known drug warrior William Barr.
"In order to rectify the state/federal conflict that currently exists over marijuana policy, and in order to best maintain the market controls that a majority of states have enacted to promote public health, prevent the distribution of marijuana to minors, ensure safe business practices, and improve public safety, cannabis must be descheduled — not (..)
Advocates are discouraged, businesses are frustrated, patients are disheartened, and frankly I am getting a little tired of it! Policies, like patients, get infected if they stay in triage for too long. Almost every conversation I have had in 2023 with medical cannabis stakeholders has been full of doom and gloom.
As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell.
Marijuana Law, Policy, and Authority is a first-of-its-kind law school casebook in a rapidly-emerging and exciting new field. The helpful organization intersperses these issues of substantive law, policy, and authority throughout the discussion of users, suppliers, and third parties. Policy Toward Marijuana Users. CHAPTER 10.
” Tiffany Devitt’s response: As Cheech & Chong are well aware, businesses are subject to federal and state laws. There has been a rash of bills in several states to raise taxes and permit fees on cannabis business to prohibitive levels, or to ban smokable flower from state-licensed medical marijuana programs.
Cannabis companies that hire drivers to work for them—such as delivery services and goods transporters—are being advised by the Centers for Disease Control and Prevention (CDC) to establish certain policies that can mitigate the risk of impaired driving, all the while ensuring that companies remain in alignment with state legalization laws.
This Wednesday, January 15th, at 10 am EST, the 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 jurisdictions where cannabis is legally regulated, consumers gravitate toward the above-ground retail marketplace where they can access lab-tested products manufactured by licensed businesses.”
It is more important than ever that essential cannabis retailers have equal access to banking and small business financial assistance. Given this new reality, how do activists effectively make their voices heard and continue to advocate for substantive changes in cannabis policies? Here’s how.
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.
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. Despite this economic boon, marijuana businesses are still unable to utilize financial services and face issues regarding taxation that no other legal business faces.
This bill would heavily reduce the cannabis products on the market that are currently available recreationally, returning to more traditional policies of the past. If passed and put into practice, this bill would bring about major changes for cannabis users in Texas, as well as for businesses selling cannabis. ounces of cannabis.
Members of the United States Senate Committee on Banking, Housing, and Urban Affairs are scheduled to hear testimony next week regarding the need to provide greater access to financial services for state-licensed marijuana-related businesses.
Earlier today, the Senate Banking Committee held a hearing on the SAFE Banking Act, which would allow financial institutions to engage in activities with state-legal cannabis businesses. “Forcing businesses to operate in cash is an invitation to crime, money laundering, and robbery,” said U.S. .” ”
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. This situation is untenable.
IDFPR cites the explosive growth by stating that 82 new dispensaries open for business in the last year, the single-largest expansion of cannabis dispensaries since the program first started with the Compassionate Use of Medical Cannabis Program Act (CRTA) in 2014. Find detailed information about this topic here.)
The language states: The Committee encourages OPM to review its policies and guidelines regarding hiring and firing of individuals who use marijuana in states where that individual’s private use of marijuana is not prohibited under the law of the state. The language was included by Rep. In a release , Rep.
I’m proud to join my colleagues in leading the effort to implement responsible, commonsense cannabis policies,” said Rep. The federal government’s interference in this arena has stifled important medical research, interfered with doctors and patients making treatment decisions and harmed state-legal businesses.
Cannabis Conference and Cannabis Business Times announced the winners of the 2021 Cannabis Leadership Awards , which recognizes industry professionals who exemplify the leadership qualities needed to inspire and empower those around them and who work to better the industry and their communities. EDITOR: Heather Allman.
Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities. Controlled Substance.
Leia Flynn is a legal assistant at a firm that works with cannabis businesses and the owner of Flight Lounge, a members-only private cafe allowed under the City of Portland’s social consumption guidelines. “That is discrimination.” Background.
This year, on April 8th, the Minority Cannabis Business Association (MCBA) will be returning to our nation’s capital in Washington D.C. and playing a leading role in drafting policy agendas to ensure participation of people of color in the cannabis industry. Chicago NORML is very excited to participate in the summit this year.
"The White House's outdated, exclusionary policy is inconsistent with the rapidly changing legal landscape around cannabis in the U.S. and globally, and unnecessarily limits access to capital that small cannabis businesses desperately need.".
Read the full report & take action at [link] Concerned that big businesses are taking over the cannabis industry? Today, we're launching our Anti-Monopoly Toolkit! This toolkit is for you. It’s easier to tackle this issue when we work together.
With the 2020 legislative session already in full swing in many states, NORML chapters across the country are organizing lobby days to advocate for sensible reform policies in their state. Maryland Cannabis Policy Lobby Day. 2019 was a record year for marijuana reform, with more NORML chapters holding lobby days than ever before.
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. FL resident? NJ resident? New Mexico.
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