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Cannabis and banking vets launch credit card for dispensaries

Cannabis Law Report

That leaves dispensaries managing and protecting massive sums of cash, and the stores cannot offer a modern retail payment system to the consumer. The company will issue and process credit cards that will work in dispensaries. SuperNet has a solution. ” The upsides are apparent. There’s even a loyalty program.

Banking 52
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New Study Says. Not One California Dispensary Caught Selling to Minors

Cannabis Law Report

The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. 2006, Freisthler et al., MRR writes. Introduction. 2003, Toomey et al.,

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Metrc Grab Rhode Island Contract

Cannabis Law Report

As the only track-and-trace company to have successfully taken over a government contract from another vendor, Metrc will replace the State’s current partner and implement its robust track-and-trace platform to help facilitate the Rhode Island Medical Cannabis Program’s data collection and regulatory oversight.

Data 52
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New Brunswick Ramping Up to Sell Cannabis Edibles

WeedAdvisor

However, setting up such a business is no simple task – as current dispensary owners throughout Canada will undoubtedly agree. She says helping people improve their quality of life is a personal mission, after losing her eight-year-old daughter to cancer in 2006”. Edibles Only Available Through Government Dispensaries.

Edibles 40
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Cannabis & THC: Understanding the Effects & Liability

Cannabis Law Report

Insurance carriers assessing grower and/or dispensary facilities policy applications for D&O, liability, and/or workers compensation coverage. THC metabolism (adapted from Musshoff and Madea, 2006). Attribution of individual liability in forensic cases. The rapid metabolism of the psychoactive compounds (i.e., Howland, M.

THC 52
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Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

xxi Employees with support occupational licenses typically represent entry-level staff marijuana positions, most commonly budtenders within dispensaries, while key occupational licenses are required for individuals who work in operational or managerial positions. Tax Collections in the Marijuana Industry. percent state sales tax.

Banking 59
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California: Which Set of Books?

Cannabis Law Report

The Sales Tax laws arms CDTFA with the power to impose personal liability on corporate officers and other “responsible persons” for failures to collect and pay-over Sales Tax [7]. 5037 [10] , track-and-trace records [11] , and track-and-trace reporting requirements [12] for Retail Dispensaries.