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Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

NORML

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.

Business 330
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2019: A High-storic Year for Nevada NORML Chapters

NORML

Throughout monthly meetings in 2019, we became humbled by all the new and continued attendance by advocates and those passionate about cannabis reform, medical access and legal rights for consumers. In 2019, NORML drastically increased our online presence. 2019 brought us such wealth in terms of supportive cannabis industry sponsors.

Advocacy 130
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2019 New California Laws Impacting Cannabis Businesses

Cannabis Law Report

October 25, 2019. The bills include: Assembly Bill 37 repeals the limitation on deductions for business expenses for cannabis businesses, which had previously conformed to Internal Revenue Code section 280E for state tax purposes. Article PDF.

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Pennsylvania Says Yes to Banking for Cannabis Businesses

Veriheal

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.

Banking 116
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NORML Chapter Newsletter – June 2019

NORML

NORML Announces Plans for 2019 Conference and Lobby Day. “Because marijuana is still illegal under federal statutes, many banks are reluctant to offer loans for a medical marijuana business, though it’s possible to get loans from private individuals.” ” Read more from The Business Journal !

Patients 126
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NORML Chapter Newsletter – April 2019

NORML

NORML Announces Plans for 2019 Conference and Lobby Day. ” Read more from Crain’s Chicago Business ! Everyday NORML Chapters from around the country invest countless hours in advocating for meaningful marijuana law reforms on the local, state and federal level! ” Read more from NORML.org ! .

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Chairwoman Velázquez Introduced Bill To End Marijuana Prohibition And Promote Small Businesses

NORML

House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. Specifically, a 2019 report estimates that over 211,000 Americans are now working full-time in the cannabis industry. 3540 , H.R. 3543 , and H.R. and the U.S.

Business 201