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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 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.
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.
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.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. To date, these statewide regulatory programs are operating largely as voters and politicians intended. 3540 , H.R. 3543 , and H.R. Thirty-three states, Washington, D.C.
What’s more, synthesized Delta-9 THC is present in many of these products, despite being prohibited in both California’s cannabis and hemp programs. ” Tiffany Devitt’s response: As Cheech & Chong are well aware, businesses are subject to federal and state laws. Hemp not really hemp Speaking in a Feb.
Leafly speaks with key players for the Momentum business accelerator - a grant and resource program for underrepresented cannabis businesses. The post Eaze’s Momentum business accelerator invites applicants appeared first on Leafly.
New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation.
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.
Last week, Cook County Government announced the launch of the Cook County Cannabis Development Grant program, which will provide up to $3.6 million in grants to businesses that have licenses awarded under the State of Illinois Adult-Use Cannabis Social Equity Program. Willie J.R. For Illinois News Joint reviews, visit here.
In an attempt to counter this history of disparity, many states and cities have implemented social equity programs in connection to the legalization of medical or adult cannabis use. Ohio, which has only legalized medical use, initially set aside 15% of medical licenses to be awarded to minority-owned businesses.
The CRTA transfers authority over the Medical Cannabis Program from the Department of Health to the OCM, and in process overhauls some aspects of the program. A framework for an ambitious social and economic equity program aimed to right the wrongs of the war on drugs is partially laid out in the CRTA.
Texas has one such cannabis program in flux, with a new bill being introduced that may change the legality of recreational marijuana within the state. The Current Status Of The Texas Cannabis Program Currently, recreational marijuana is not legal in Texas. The Texas medical cannabis program allows for no more than 0.5%
Today, Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. “As more and more states legalize cannabis, the gap between state and federal laws will only grow more confusing for both legal businesses and consumers,” Wyden said.
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.)
"I'm calling on the legislature to to legalize recreational marijuana, with the revenue going to: small business grant funding [and] restorative justice programs.".
These events offer a voice to the large number of registered medical marijuana patients who are deeply dissatisfied with the current program. 13th protest again focuses on the struggles within Pennsylvania’s very restrictive medical marijuana program. Employers and law enforcement are also playing catch up to the new laws.
Registration is now available for required Arizona Department of Health Services (ADHS) training for those seeking licenses to own and operate adult-use marijuana establishments under the voter-approved social equity program. ” ADHS will accept applications for the social equity ownership program from Dec.
Cow started in the Medicinal Program in 2015 and was one of the first people to buy medical cannabis in Illinois. “I He had his own section of the dispensary (Cow’s Corner) where he conducted business, and he even had an Illinois concentrate named after him: Kow’s Karma. “I For more Illinois cannabis industry news, visit here.
Worcester— The Cannabis Control Commission (Commission) is pleased to announce the application for the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program will open Monday, June 21. “We Application for Cohort Three of the Commission’s Social Equity Program Opens June 21.
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.
A licensed medical marijuana cultivator in Ohio has teamed up with a nonprofit serving formerly incarcerated people to provide an employment education program for past cannabis offenders. The new jobs program will be open to those with prior marijuana-related offenses including cannabis possession, sales or cultivation on their records.
The annual News Joint Scholarship will help financially support a student attending or wanting to attend Southern Illinois University Carbondales Intensive Controlled-Environment Plant Production Certificate program , the Cannabis Science and Production Specialization program , School of Forestry and Horticulture , or School of Biological Sciences.
Years after GA passed a bill to allow the sale of medical cannabis, patients and businesses are still waiting for next steps . The post Why is Georgia’s medical marijuana program still in limbo? appeared first on Leafly.
The Cannabis Control Commission (Commission) is now accepting applications from individuals who have been impacted by the War on Drugs and are interested in joining the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program (SEP). The deadline to be considered for SEP Cohort Three is September 17, 2021.
A former University of Denver student who was cited for possessing marijuana in Wyoming 11 years ago has become the first applicant in the city for a marijuana retail store license under the new social equity program. Denver gets first marijuana retailer applicant under social equity program. Full story at .
The Cannabis Control Commission (Commission) is now accepting applications from individuals who have been impacted by the War on Drugs and are interested in joining the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program (SEP). The deadline to be considered for SEP Cohort Three is September 17, 2021.
Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. It also did not normalize federal taxation for businesses within the sector.
of votes in favor), which authorized the state’s department of health to create a medical cannabis program. In November 2020, Mississippi voters overwhelmingly supported a ballot initiative (74.1% The state's legislators rejected the measure, and instead sought to pass a weakened version of the law.
Establishing the Community Grants Reinvestment Fund, which will invest in communities that have been disproportionately impacted by the drug war through job training, economic empowerment, and youth development programming.
Ayr President George DeNardo said Thursday during the companys fourth-quarter and full-year 2024 earnings call that Ayr will prioritize other markets to make sure it can deliver for its other business and stated that the company doesnt have the necessary scale in Illinois to compete over the long term, Green Market Report reported.
The OCM is the agency that will regulate cannabis and will issue licenses and develop regulations outlining how and when businesses can participate in the new industry. Source: [link].
Nearly four years ago, Illinois News Joint kicked off its A Friend Indeed program. As Illinois News Joint has expanded, the outreach for the A Friend Indeed program has, unintentionally, been pushed to the backburner, but we want to assure all Veterans and Veteran supporters that the program is still in full swing.
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
Already, many people have set up CBD businesses and are generating handsome profits, but some are experiencing difficulties. In this post, we show you various tips that can help you increase the revenue of your CBD business. Sign Up for Affiliate Marketing Programs. Customer retention is what sustains a business.
New York State is set to legalize and regulate cannabis for adult-use, and improve our existing medical marijuana and hemp programs by April 1st with the 2020-2021 NYS Budget. YES MRTA= % of tax revenue from marijuana legalization is allocated specifically for a Community Reinvestment Grant program.
Now more than ever, congressional action is required to end the failed criminalization of marijuana and amend federal law to ensure that state-legal cannabis programs can operate as intended. Deputy Director for Regulatory Programs, Center for Drug Evaluation and Research, Food and Drug Administration (FDA). Douglas Throckmorton, M.D.,
million in loans through Round II of the Cannabis Social Equity Loan Program. Through the program, 23 qualified licensed social equity dispensaries are set to receive $240,000 Direct Forgivable Loans (DFL) financed by the State of Illinois. However, the impact of these investments goes beyond business development.
In response to the recent legalization of medical cannabis in the state of Mississippi, the TVA released a public statement pertaining to its federal obligations, suggesting that it would be withholding services from any cannabis-related business. TVA should not discriminate against legal businesses that need utilities.
Also this week, the House Committee on Small Business held a hearing 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. CA resident? CA resident? New Jersey.
The move has put many CBD and hemp-related companies across the state in a precarious position at a time when small businesses are barely hanging on as it is. Currently, state regulators want industrial hemp businesses to get their products licensed by the FDA as a drug in order to continue being sold in the state of Minnesota.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Update : SB 34 was heard and approved by the Assembly Business And Professions Committee on 6/11/19. CA resident? CA resident? CA resident?
Joyce becomes the first leader in the Caucus to come from a state that has yet to pass an adult-use regulatory program. 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.
Legislation is pending, Senate Bill 165, to establish a medical marijuana access program for qualified patients with a physician’s recommendation to access medical marijuana from licensed retail outlets. Send a message to your representatives in support of ending the federal prohibition on marijuana. IL resident? VA resident?
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