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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.

Business 311
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The Year in Weed: 2020 Edition

The Blunt Truth

Last year , I predicted that “…much will happen in 2020.” Whether you think that 2020 was the worst year ever, or only the worst year in your lifetime, no one is sorry to turn the page on the past 12 months. So let’s get this “Goodbye and Good Riddance to 2020” party started. What did happen?

DEA 109
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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

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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.

Business 118
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Chicago’s Amnesty Boxes, Beal Univ.’s New Cannabis Degree Programs, & House of Reps. Passes the MORE Act

Veriheal

Travelers are indifferent to Chicago’s amnesty boxes, Beal University introduces cannabis-focused degree programs, and the U.S. The boxes made their debut in 2020 with the intention of giving travelers a place to dispose of their pot before hopping on a plane. House of Reps. passes the MORE Act. House Of Reps.

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The Week in Weed: May 15, 2020

The Blunt Truth

Maine made changes to their marijuana program. The news on access to loans and other support from the Small Business Administration was less rosy. Although NORML and other advocacy groups asked that state-legal marijuana businesses gain access to this relief, that language did not make it into the legislation. cannabis banking.

Banking 106
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MJ Biz : Oakland sends social equity marijuana licensees to collections over unpaid loans

Cannabis Law Report

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. According to a report shared with the Oakland Cannabis Commission on Oct.