January, 2020

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Marijuana Opportunity Reinvestment and Expungement (MORE) Act

Connor & Connor PLLC

Additionally, the MORE Act of 2019 would task the SBA with establishing the “Cannabis Opportunity Program”, which would provide eligible States or localities with funds to make loans to assist small businesses owned and controlled by socially and economically disadvantaged individuals. [3] [link]. [4]

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Mississippi: Medical Cannabis Initiative Certified for 2020 Ballot

NORML

The measure places no limit on the number of dispensaries and mandates that local municipalities “shall not impair the availability of and reasonable access to medical marijuana.” The proposed constitutional amendment establishes a state-licensed system of dispensaries to provide cannabis products to qualifying patients.

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Bermuda Publishes Draft Legislation To Create Local Medical Cannabis Industry

Cannabis Law Report

Bermuda released the draft legislative blueprint to establish a domestic medical cannabis industry, which Attorney General Kathy Simmons said would create business opportunities for local enterprises and attract international investment.

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British Columbia cannabis tax revenue set to soar, adding to pressure for local revenue-sharing deal

Cannabis Law Report

British Columbia cannabis tax revenue set to soar, adding to pressure for local revenue-sharing deal. According to new data provided by the province, B.C. received CA$7.2 million in shared tax revenue from Ottawa between October 2018 and August 2019, including the most recent payment from the federal government. Read full report.

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British Virgin Islands To Provide 100 Locals With Half An Acre Of Land To Grow Cannabis

Cannabis Law Report

Next we suggest that any North American company who wants to come in and test and process product must be limited to only 12 month licenses, fund their own infrastructure and pay licensing fees and fund educational programs for local growers.

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Kentucky: Hemp farmers gather to discuss options after some say local processing plant not honoring contracts

Cannabis Law Report

Several Western Kentucky hemp farmers are claiming a local hemp processing plant isn’t honoring their contracts. Some growers say they have not been paid in a contract they’re in with Bluegrass BioExtracts in Owensboro. Several growers joined together on Tuesday to talk about their options.

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Colorado Pueblo County: Citizen Oversight Group To Meet Quarterly To Keep Close Eye On How Local Govt Is Managing Cannabis Tax Revenue

Cannabis Law Report

The State of Colorado still charges a 15% sales tax on retail marijuana purchases, and it shares back 10% of that to local governments every month. The share each area receives is based on the percentage of how much retail marijuana is sold there. Source: [link].

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