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Before Biden Left Office, These Lawmakers Demanded More Cannabis Reform

Veriheal

Shortly before his administration came to a close, a collection of congressional signatories emphasized to the president that rescheduling efforts alone are insufficient to comprehensively or effectively address the greater issues associated with the ongoing federal criminalization of cannabis classified under the legal category of marijuana.

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Locked Out: SBA’s New Lending Policy Targets Hemp and Marijuana-Adjacent Businesses

Canna Law Blog

The updated policy, effective June 1, has far-reaching consequences for small businesses operating in compliance with state law (and for some, in compliance with federal law) – especially those selling hemp-derived foods, supplements, and cosmetics (collectively, Consumable Hemp Products).

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Unmasking Fake News That Casinos Are Required by UN Charter to Promote World Peace Through Gaming

The Joint Blog

Casino Marketing Versus Legal Requirements Casino Marketing and Regulatory Compliance: A Delicate Balance Understanding Casino Marketing Regulations The intersection between casino marketing strategies and regulatory requirements creates a complex framework that defines promotional activities in the gaming industry.

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California: Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses

Cannabis Law Report

Starting April 1st, Cannabis Operators Face CEQA Compliance Requirements for State Licenses. For many in the cannabis industry, April 1, 2022 is seen as a day of reckoning following the July 2021 passage of Assembly Bill 141 and Senate Bill 160 (collectively, the Cannabis Trailer Bill). Tuesday, April 12, 2022. Whitney Hodges.

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Alert: Newsom To Present Cannabis Tax Simplification Solutions To Legislature

Cannabis Law Report

Shifting the point of collection and remittance for excise tax from distribution to retail on January 1, 2023, maintaining a 15 percent excise tax rate. Strengthening tax enforcement policies to increase tax compliance and collection and reduce unfair competition.

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Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

Cannabis Law Report

Any cultivation tax collected on cannabis that enters the commercial market on or after July 1, 2022, must be returned to the cultivator that initially paid the cultivation tax or, if unable to be returned to the cultivator, must be paid to CDTFA as excess tax. AB-195 also caps the cannabis excise tax at 15% for three fiscal years.

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Leading Cannabis Gift Card Program Provider, Birchmount Network, Closes $2.5M in Seed Round of Funding

Cannabis Law Report

Birchmount is backed by a management team with a collective 20+ years of experience in the gift card industry managing programs for some of the world’s top brands, including Starbucks, Sephora, Lululemon, Shoppers Drug Mart, Kroger and more. “We gift card market is expected to be worth $239 billion by 2025. At a CAGR of 8.8%, the U.S.