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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

billion in tax revenue from legal cannabis sales in 2018. However, SBA’s current policy excludes small businesses with “direct” or “indirect” products or services that aid the use, growth, enhancement, or other development of cannabis from SBA-backed financing. States collected an estimated $1.3

Business 311
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Over 40 Members of Congress Request SBA Access For Small Marijuana Businesses

NORML

“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.

Access 307
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NORML Urges Congress to Provide Small Business Relief to State-Licensed Cannabis Companies

NORML

Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.

Business 254
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On the 2018 Farm Act: Can I Start Growing Hemp?

MJ Business Attorneys

The long-anticipated 2018 Farm Bill finally made its way to the President’s desk and Trump made hemp fans ecstatic when he signed it into law on December 20. This provision could be troubling for those currently operating a state-licensed marijuana business (with marijuana now federally defined as THC with a THC level exceeding.3%)

Hemp 165
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Cannabis Businesses Need Privacy Policies

Canna Law Blog

It’s 2023 and many cannabis businesses are still missing one critical operating document: a privacy policy. Any cannabis business that operates in California and has a website is clearly subject to this requirement. In 2018, California passed the California Consumer Privacy Act (CCPA). And things are not getting better.

Policy 98
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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

businesses are marijuana related businesses (MRBs). Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. These businesses are lower risk for banks than Tier I. All businesses are MRBs. Allow me to explain.

Banking 98
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The Top Four Risks for Cannabis Businesses and Investors in 2024

Canna Law Blog

2024 is going to be a crazy year for cannabis businesses and investors. This means that both existing cannabis businesses, as well as investors, have a huge amount of risk going into the new year. Our cannabis business attorneys have been representing clients in the cannabis industry since 2010. Why will 2024 be different?