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UK’s Prohibition Partners Buys Canadian Publishing Outfit, Business of Cannabis

Cannabis Law Report

Prohibition Holdings Ltd (parent company of Prohibition Partners) today announces its 100% acquisition of Business of Cannabis to form the industry’s new leader in media and data as well as the largest B2B audience in cannabis. About Business of Cannabis.

Business 105
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The STATES Act Reintroduced: Bipartisan Measure Limits Federal Government’s Ability To Interfere With State-Sanctioned Marijuana Business, Policies

NORML

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Total marijuana arrests in 2017 increased for the second straight year , after having fallen for nearly a decade.

Policy 156
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Marijuana Banking Passes Critical Committee

NORML

Currently, thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships. Thirty-three states, Washington, D.C.

Banking 279
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Group of Senators Say Cannabis Businesses Should Be Allowed to Access SBA Loans

SpeedWeed

According to South Carolina State Law Enforcement Division data, murders in the state were up nearly 25%, from 457 in 2019 to 571 in 2020. McKissick did not provide data to support those claims. 24, 2017, when former Gov. It would be a game-changer for people in South Carolina with debilitating health conditions.

Access 52
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How Important is the SAFE Banking Act, Anyway?

Canna Law Blog

Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) The public likes it too: here’s a November 2022 Data for Progress poll revealing that “By a +65-point margin, voters support ensuring that banks do not discriminate against legitimate marijuana-related businesses.” I think so.

Banking 81
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Fortune: Black cannabis entrepreneurs account for less than 2% of the nation’s marijuana businesses

Cannabis Law Report

A 2017 survey from Marijuana Business Daily found that 81% of American cannabis business owners and founders were white and 10% of cannabis business founders identified as Hispanic/Latino or Black. of business owners in the industry, per Leafly’s Jobs Report 2021. In Colorado’s capital, Denver, only 5.6%

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Cannabis Testing + Branding = Business Building

Cannabis Law Report

Building the bridge between brands and the marketplace through testing and the importance of good data. If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand.