Canna Law Blog

JULY 7, 2020

Last week, the Financial Crimes Enforcement Network (FinCEN), issued new guidance (the “FinCEN Guidance”) for financial institutions working with hemp-related businesses. ” This means that the viability and legality of banking hemp-CBD businesses under federal law really remains murky at best.

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Banking Hemp Compliance Compliance 54

Canna Law Blog

NOVEMBER 13, 2021

215, I was recently interviewed on KCRW to give my take on how California (and specifically the City of Los Angeles) has done when it comes to legalizing and licensing cannabis businesses. 215 opened the door for a collective model (i.e., of cannabis businesses, but that’s not actually true in practice. 64 and MAUCRSA.

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Compliance Compliance Programs Collective 76

Canna Law Blog

DECEMBER 5, 2019

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Banking 64

Banking Hemp Compliance Compliance 64

Canna Law Blog

SEPTEMBER 14, 2020

CCPA is a massive privacy law similar in scope to the European Union’s infamous General Data Protection Regulation, and applies to many businesses (not just cannabis businesses) that are based in or even “do business” in California. For businesses that are subject to CCPA, compliance can be rough.

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Business Compliance Compliance Collective 54

Cannabis Law Report

AUGUST 19, 2021

–(BUSINESS WIRE)–International cannabis brand Cookies announced today licensing agreements with TerrAscend NJ LLC, a subsidiary of TerrAscend Corp. Cookies ’ seed-to-sale business allows for complete quality control at every step—from cultivation and production to customers’ end retail experience. BOONTON, N.J.–(BUSINESS

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Cultivation Seed-To-Sale Conditions Business 105

Cannabis Law Report

NOVEMBER 29, 2021

StateHouse will have a unique ability to navigate the operating challenges in the state and capitalize on the combined potential of the businesses we are acquiring. Mr. Ravner added: “We are excited about the potential for this business combination. billion by 2025[3]. 3 ArcView 8 th Edition estimate.

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Business Retail Cultivation Cannabis 52

Cannabis Law Report

NOVEMBER 4, 2019

PUBLISHER: CANNABIS LAW REPORT. The recent Tax Court decision in Northern California Small Business Assistants Inc. We are constrained by the law, and Congress has not carved out an exception in IRC Sec.280E 280E for businesses that operate lawfully under State law. AUTHOR: aBIZinaBOX Inc.

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Dispensary Packaging Collective Seed-To-Sale 45

Cannabis Law Report

DECEMBER 16, 2021

CDC Issues “Best Practices” for Businesses on Employed Drivers and Cannabis Use. The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. Newsworthy Highlights.

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Cannabinoids Retail Policy Cultivation 52

Cannabis Law Report

SEPTEMBER 21, 2021

Connecticut is not alone in enacting legislation that mandates a labor-friendly stance for companies that want to receive licenses to operate cannabis-related businesses in the state. It establishes that the Constitution and the laws of the United States are the supreme law of the land. Constitution.

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Collective Legislation Conditions Cannabis 52

Cannabis Law Report

SEPTEMBER 24, 2019

According to a press release issued by the House Committee on Financial Services on March 26, 2019, committee chairwoman, Representative Maxine Waters (D-CA), remarked, the SAFE Banking Act “addresses an urgent public safety concern for legitimate businesses that currently have no recourse but to operate with just cash.”

Banking 40

Banking Law Compliance Compliance 40

NORML

MARCH 15, 2019

Additionally, Representatives Charlie Crist (D-FL) and Don Young (R-AK) introduced The Fairness in Federal Drug Testing Under State Laws Act to explicitly bar federal agencies from discriminating against workers solely because of their status as a cannabis consumer, or due to testing positive for marijuana use on a workplace drug test.

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Legislation Hemp Compliance Compliance 142

Cannabis Law Report

FEBRUARY 4, 2019

You cannot move your marijuana business without prior approval from the WSLCB. As soon as you know you plan to move to a new location, apply for a change of location through Business Licensing Services, here. The policy only applies to approved owners who are investing their own personal money into the business.

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Topical Packaging Retail Legislation 65

Greenspoon Marder Cannabis Law Group Blog

NOVEMBER 4, 2019

It was business as usual for the ten member majority, but three dissenting judges of the United States Tax Court (“Tax Court”) broke new ground in Northern California Small Business Assistants Inc. , [1] finding section 280E of the Internal Revenue Code unconstitutional. By: Allen Todd Paxton , Associate.

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Legislation Business State Laws Compliance 40

Cannabis Law Report

FEBRUARY 16, 2022

FGW”), a company that has the conditional use approval necessary to operate a cannabis dispensary and related businesses located in San Francisco’s Haight-Ashbury district. interest in FGW Haight, Inc. (“FGW”), interest in FGW that closed on December 18, 2020.

Dispensary 52

Dispensary Cultivation Conditions Law 52

Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Ordinance to Allow for the Licensing and Operation of Marijuana Hospitality Businesses and Retail Marijuana Hospitality and Sales Businesses. In November 2016, Denver voters approved Initiative 300 (“I-300”) to give businesses the ability to apply for a license to allow for adult marijuana consumption in designated areas.

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Marijuana Consumption Retail Business 76

Cannabis Law Report

JANUARY 23, 2020

THSuite offers business process management software services to cannabis dispensary owners and operators in the US. Cannabis dispensaries have to collect large quantities of sensitive information in order to comply with state laws. Medical/State ID and expiration date. THSuite Company Profile. Date of birth.

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Data Dispensary Patients Medicine 59

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

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Banking Safety Business Legislation 40

SpeedWeed

MARCH 8, 2021

There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Non-compliant businesses face the risk of being shut down and attract negative attention to the cannabis industry. One commonality among all states is cost.

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Compliance Compliance Business Seed-To-Sale 52

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

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Policy Programs Banking History 45

Cannabis Law Report

JULY 20, 2019

Measure 1, Security plan: The applicant shall provide an acceptable safety and security plan, including staffing and site plan, and a detailed description of proposed security and safety measures, which demonstrates compliance with the rules at N.J.A.C. Criterion 2. Criterion 6. Criterion 7.

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Law Marijuana Education Cultivation 40

Greenspoon Marder Cannabis Law Group Blog

JULY 18, 2019

Measure 1, Security plan: The applicant shall provide an acceptable safety and security plan, including staffing and site plan, and a detailed description of proposed security and safety measures, which demonstrates compliance with the rules at N.J.A.C. Criterion 2. Criterion 6. Criterion 7.

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Law Marijuana Education Safety 40

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. By April, 34 illicit cannabis businesses in Los Angeles were slated for utility shutoff and 12 had their power and water cut. The End of the Collective Era.

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Law Banking Hemp Retail 59

Canna Law Blog

APRIL 26, 2019

Any issue not addressed in the lease will be governed by state law. State law tends to be very protective of tenants in residential leases, but provides little protection to commercial tenants. Accordingly, state law governs the notice and cure process, which is bad for tenants, especially in the cannabis industry.

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Access State Laws Cannabis Law 62

The Herb Collective

JANUARY 3, 2019

They are also tested for potency as well as having labels that state the level of CBD, THC, and other active compounds. The state has also placed limits on how much THC/CBD can be in some cannabis products. It’s illegal to purchase cannabis from any other source than a state licensed facility.

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Law Marijuana Recreational Business 51

Marijuana Lawyer Blog

OCTOBER 31, 2018

Most of our California cannabis business clients have some type of intellectual property, most often in the form of a brand name they are seeking to protect and capitalize on. Cannabis companies hat clear state compliance hurdles may have an existing brand that’s strong (or choose to create a whole new one for a fresh start).

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Business Cannabis Marijuana Legalization 40

Cannabis Law Report

AUGUST 8, 2019

businesses with regards to cannabis-related activity and significant discrepancy in opinion within the U.K. investment community as to the boundaries of legal risk and compliance. the sale of shares or assets and collection of dividends outside the U.K. That said, the legal position is not clear cut.

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Legalization Banking Compliance Compliance 40

Cannabis Law Report

MAY 29, 2019

This new law expands the scope of the New York City Human Rights Law’s prohibitions on making pre-employment inquiries, which already preclude employers from seeking information about applicants’ criminal conviction , credit and salary histories. Practical Guidance.

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Law Policy Legislation Conditions 40

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. California Steps Up Tax Collection Efforts. On June 8, 2022, the U.S. OCC is taking comments through Aug.

Business 52

Business Marijuana Safety Banking 52

Cannabis Law Report

JULY 27, 2019

job market today, is embracing one of America’s most popular business expansion engines: franchising. For a promoter looking to capitalize on cannabis’ meteoric rise, franchising a branded cannabis chain solves the two biggest roadblocks to any business expansion: capital and labor. Cannabis, the fastest growing industry in the U.S.

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Supply Chain Programs Business Retail 40

The Blunt Truth

OCTOBER 29, 2019

USDA has also established specific compliance requirements for USDA licensees, including the USDA’s ability to conduct random audits and issue corrective action plans for producers’ negligent violations. Because cannabis at the federal level is considered an illegal substance, most banks are not servicing cannabis businesses.

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Hemp Legislation CBD Research and Development 45

Cannabis Law Report

SEPTEMBER 25, 2019

“Throughout the regulatory process, the Commission relied on the expertise of colleagues and staff who have been on the ground implementing the legal marketplace as well as the valuable experiences and feedback of patients, consumers, residents, and businesses.

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Marijuana Safety Programs Retail 40

Cannabis Law Report

NOVEMBER 22, 2019

Clever Leaves, the integrated company, is a multi-national cannabis company with a mission to operate in compliance with federal and state laws, and with an emphasis on ecologically sustainable, large-scale cultivation and processing as the cornerstone of building out distribution and brands. Northern Swan Holdings, Inc.

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Cultivation Extraction Pharmaceutical Research and Development 11

Connor & Connor PLLC

AUGUST 30, 2018

However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit. In addition, marijuana businesses must be aware of cash handling issues. See specifically IRC Section 162.

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Business Marijuana Banking Collective 49

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. Because there’s a lot of compliance issues in place here.

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Compliance Compliance Banking Data 52

Cannabis Law Report

NOVEMBER 15, 2021

ROSE becomes the Québec operational unit of Village Farms’ Canadian cannabis business segment, with ROSE’s headquarters and the existing team remaining in Québec. As part of the outstanding family of cannabis businesses within Village Farms, we are even better positioned to continue playing this leading role in the Québec landscape.”.

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Agriculture Events Retail Environment 52

Cannabis Law Report

MAY 26, 2022

Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. The lowest rate (44%) was in a community where law enforcement had recently enforced underage alcohol laws using compliance checks (i.e., The success rate ranged from 44% to 97%. Discussion.

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Dispensary Research and Development Safety Recreational 52

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. 280E is effectively repealed and cannabis businesses are no longer subject to the broad disallowance of expenses.

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Legalization Collective DEA Banking 58