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Illinois Hemp regulation battle continues

Illinois News Joint

Stakeholders’ ongoing battle over hemp regulations in Illinois continued this week. Lakesia Collins renewed their call to move forward with their proposals for hemp regulations and taxation ( House Bill 5306 , House Bill 4161 , and Senate Bill 3790 ). New sponsored legislation from Sen. Kimberly A. La Shawn K. Ford and Sen.

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Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

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. To that end, NORML has called for SBA access to be included in our recently issued policy memo.

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The Untold Story of Black Hemp Farmers in America

PrestoDoctor

The history of Black hemp farmers in America is a story that has been largely ignored. Many people are unaware of the important role that these pioneering farmers played in the development of the hemp industry. Black farmers played a critical role in the development of the hemp industry, but their stories have gone untold.

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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.

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Business Opportunities in the Cannabis Industry There are two main categories of cannabis businesses — plant-touching and ancillary. Plant-Touching Businesses As the name implies, plant-touching cannabis businesses deal directly with the cannabis plant from seed to dispensary shelf.

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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.

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

Veriheal

In December 2021 the Minnesota Board of Pharmacy declared all CBD and hemp-derived consumables to be illegal in the state. 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. Differing Interpretations of Hemp Legality.

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