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Social Equity in the Cannabis Industry: Addressing Disparities in Access and Ownership in California

MMJ Recs

The cannabis industry in California has experienced exponential growth since the legalization of recreational marijuana in 2018. However, amidst the flourishing market, concerns have arisen regarding disparities in access and ownership, leading to social equity initiatives to rectify historical injustices.

Access 52
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Protect Your Cannabis Business from Crime Risks

Canna Law Blog

Increasingly, cannabis businesses, particularly dispensaries, are targets for robbery or other criminal activity. The reason that cannabis businesses are being hit particularly hard is not hard to fathom. Federal law still treats cannabis as a Schedule I narcotic, which means businesses have limited access to banking.

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The Hot Box: bridging the gap between black business owners and financing

The Cannigma

In the cannabis industry, capital is hard to come by. The Hot Box Pitch Contest is an event at the Black CannaConference that seeks to bridge the gap by making it easier for fledgling business owners to showcase their ideas to high-level financers. It is patently obvious that minorities have a true lack of access to capital.

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UK’s Prohibition Partners Buys Canadian Publishing Outfit, Business of Cannabis

Cannabis Law Report

Prohibition Holdings Ltd (parent company of Prohibition Partners) today announces its 100% acquisition of Business of Cannabis to form the industry’s new leader in media and data as well as the largest B2B audience in cannabis. About Business of Cannabis.

Business 105
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House adjourns before voting on cannabis omnibus and hemp bill

Illinois News Joint

Lawmakers and stakeholders deliberated on two cannabis bills in the Illinois House to the edge of the 5 a.m. spring-session deadline yesterday morning but ultimately did not bring either House Bill 4293 , the Hemp Consumer Products Act, nor House Bill 2911 , a cannabis omnibus, to the floor for a vote.

Hemp 96
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“IRS Audits: Mistakes to Avoid,”… For Cannabis Businesses

Cannabis Law Report

We apply our entirely subjective bong score to each event. cannabis businesses. The importance of proper cash reporting for all major business transactions (Form 8300). What types of audit-related documentation should be easily accessible. BONG SCORE. 1 Don’t Bother Unless You Need A Well Deserved Sleep.

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Are 504 Private Placement Security Offerings Allowed in Cannabis Businesses?

Canna Law Blog

We’ve written regularly about the plight of cannabis businesses not being able to secure traditional lending (and other financial services) from major, federally regulated institutions. So, how can a cannabis company offer exempt securities to raise capital? How does a Rule 504 exempt offering work?