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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

States collected an estimated $1.3 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.

Business 311
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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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Northeaster University study published by the Massachusetts Cannabis Business Association – Massachusetts municipalities have collected more than $53 million in cannabis “impact” fees

Cannabis Law Report

Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. Read More at .

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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 72
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California Cannabis Industry Has Provided $2.8 Billion in Tax Revenue Since 2018

SpeedWeed

Since the state launched its first adult-use sales in January 2018, the cannabis industry has provided a total program revenue of $2.8 They could also drastically simplify the tax collection process and make it harder to cheat, which will raise tax revenue, by moving the tax collection all to the point of sale. Bringing in $40.4

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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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Hemp and CBD Businesses Could Be Out in the Cold in Minnesota

Veriheal

The board’s decision—which was made based on gaps in the 2018 Farm Bill that federally legalized hemp—is outlined in the document from its 901st meeting. 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. According to U.S.

Hemp 98