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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

States collected an estimated $1.3 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. billion in tax revenue from legal cannabis sales in 2018.

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The Week in Weed: April 10, 2020

The Blunt Truth

But there is some other news: the IRS seems likely to increase auditing of marijuana businesses, and Epidiolex has been removed from the controlled substances list. Industry grou ps are advocating that marijuana businesses be included in that legislation. In Canada, cannabis businesses are eligible for federal government relief.

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The Week in Weed: May 15, 2020

The Blunt Truth

The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow “…access to financial services to cannabis-related legitimate businesses and service providers…” The language is from the SAFE Banking Act passed by the House last year. So let’s get started.

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

Cannabis Law Report

Eighteen states have laws that legalize, tax, and regulate cannabis for adults 21 and older (the 2020 voter-approved adult-use legalization law in South Dakota was overturned by the state’s Supreme Court in November 2021). local sales tax on adult-use cannabis and has collected $237.5 Colorado (pop. of the population enrolled.

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Attorneys General Push for Marijuana Banking Reform

NORML

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

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The Week in Weed: April 24, 2020

The Blunt Truth

The lack of funding for marijuana businesses in the stimulus packages, the halt to state legalization efforts, the issues surrounding Massachusetts (yes, those continue), even Mexico’s decision to legalize cannabis – all are caused or colored by the coronavirus. LOS ANGELES LICENSING ISSUES. breaking news. breaking news.

Banking 101
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Veriheal’s Innovation in Cannabis Scholarship 2020 Winners

Veriheal

Add onto that the difficulty of these unprecedented times, as a minority-owned business, we’re making it our priority to pay it forward and invest in the future leaders of cannabis who will break barriers and pave the way for innovation in this burgeoning industry. . Veriheal’s Innovation in Cannabis Scholarship 2020 Winners .