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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). The closest we have to a federal framework is from this 2018 SBA Policy Notice , which categorizes MRBs as “direct”, “indirect”, and “hemp-related businesses.” I believe this system was first expounded in 2016 by Steve Kemmerling of CRB Monitor. All businesses are MRBs.

Banking 98
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California Police Auctioning Off Seized Cannabis Merchandise

Veriheal

Ten Los Angeles-based cannabis businesses were recently raided. Collectively, the ten dispensaries owe more than $14.4 The Los Angeles Police Department collected bongs, cannabis manufacturing equipment, and furnishings including a snow cone machine, artwork, TVs, cameras, a refrigerator, and other miscellaneous office supplies.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado already had a developed medical cannabis regulatory system, and many businesses were able to transition to having both a medical and an adult-use counter. of the population enrolled. 46,104,922.

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Halo Collective Announces Reorganization of International Assets to Create Akanda, a Leading African Medical Cannabis Company

Cannabis Law Report

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

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LA Business News: SPECIAL REPORT- Local Cannabis Dispensaries Fighting for Survival

Cannabis Law Report

When Proposition 64 passed in 2016 legalizing marijuana sales in California, Wilmington dispensary owner Javier Montes and hundreds of other cannabis retailers hoped for better times ahead. “We The group drew that estimate from the website Weedmaps.com, which attempts to map every cannabis business. Black market thriving.

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Oregon Cannabis: How Many Retailers Will Close Due to Gov. Kotek’s New Tax Compliance Missive?

Canna Law Blog

So producers, wholesalers, and processors don’t collect or pay sales tax. Instead, dispensaries collect up to a twenty percent sales tax (17 percent state + 3 percent local) for each marijuana item sold. When a dispensary collects the sales tax it holds the money in trust for the state. And busy they are. We don’t know.

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NYUP.com Article: Marijuana businesses and NY labor unions: Cannabis Insider Q&A

Cannabis Law Report

Since 2016, Local 338 has secured collective bargaining agreements with six of New York’s 10 registered medical marijuana companies , she said, and the union represents about 70% of the overall workforce — or roughly 500 employees.