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Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
Also introduced was The Marijuana Data Collection Act of 2019 , which would study the effects of state legalized medicinal and non-medicinal marijuana programs from a variety of perspectives, including state revenues, public health, substance abuse and opioids, criminal justice, and employment.
TORONTO , July 19, 2021 /CNW/ – Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated cannabis company, announced today that it has entered into a brand licensing arrangement (the “Licensing Agreement”) with Brezwald Corp. Related Links.
Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6 States that have legal access to medical and recreational cannabis often work with state-regulated insurers to obtain limited property and liability coverage.
–(BUSINESS WIRE)– #Hemp — Lazarus Naturals knows that a healthy sleep cycle directly impacts its customers productivity levels and overall health. The company recently announced its Sleep Collection , introducing the addition of CBN—known to improve sleep and reduce pain. “It PORTLAND, Ore.–(BUSINESS
According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services.
Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. Despite this economic boon, marijuana businesses are still unable to utilize financial services and face issues regarding taxation that no other legal business faces.
While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020.
McDonell said research institutions are limited in their access to cannabis users by federal laws that could affect funding. While there are methods available for collecting that data, including a smartphone app called “Releaf,” there are still patients who are wary of sharing information, even anonymously, due to federal laws, she said.
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding. Why Are There So Many Cannabis Lawsuits?
This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. CO resident? Update : H.333
Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.
According to the RFP, the Treasurer seeks a successful Respondent (Contractor) to provide efficient and cost-effective banking services for the cash payments of taxes collected by the State of Illinois Department of Revenue (IDOR) for recreational adult use cannabis and medical cannabis permitted under Illinois law. June 4, 2025.
Products will be distributed through Valens’ Australian Distribution Partner, Cannvalate PTY Ltd (“Cannvalate”), and will be the largest quantity of products provided to Cannvalate for distribution to date (collectively, the “ Transaction “). Epsilon also operates a turn-key cannabis cultivation solutions provider based in Vancouver, Canada.
But there is some other news: the IRS seems likely to increase auditing of marijuana businesses, and Epidiolex has been removed from the controlled substances list. Industry grou ps are advocating that marijuana businesses be included in that legislation. In Canada, cannabis businesses are eligible for federal government relief.
2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021
The National Right to Work Legal Defense Foundation (“NRTWF”) asked the National Labor Relations Board (“NLRB”) for help when New Jersey took one toke over the line by requiring cannabis companies to not only enter into a labor peace agreement but also enter into a collective bargaining agreement within 200 days of commencing operations.
House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week. Activists in Mississippi have already collected thousands of signatures in hopes of qualifying a medical cannabis ballot initiative for the 2020 ballot. Click here to email your lawmakers in support of medical access.
This survey supports CROO efforts to reduce or eliminate barriers to entry, including access to capital. Further, the survey results are used to learn what barriers exist in the industry that would create challenges for anyone to enter the business market and to identify methods for reducing or eliminating any of those barriers.
The bill “would reward taxpayers and small and local licensed businesses who play by the rules,” he said in a statement. It also has forced many businesses to operate only in cash — sometimes vast amounts — making them ripe targets for crime. One of the bill’s sponsors, Rep.
The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow “…access to financial services to cannabis-related legitimate businesses and service providers…” The language is from the SAFE Banking Act passed by the House last year. So let’s get started.
consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. Of the 2,210 adults interviewed for the survey — .
Most recently, Finkle led Arcview Ventures as CEO and co-founded The Arcview Collective Fund in 2018. Widely respected by the Arcview team and among members of the investment community, Finkle brings extensive experience in business operations, investment management, and fundraising from seed to growth capital.
What constraints does the MRTA place on the location of these businesses? Applicants for licenses will also be evaluated based on how they minimize environmental impacts in the course of conducting their business. Licensing Considerations for Adult-Use Cannabis Operators in New York.
It has been is grown under Good Agricultural and Collection Practices (GACP), manufactured under EU Good Manufacturing Practices (EU GMP), and conforms with Therapeutic Goods (TGO 93) Order 2017. Named after an Australian wildflower, the medicine has a THC content of 16% and is available for sale in 15g packs through pharmacies nationwide.
CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services. Ohio State Legal Studies Research Paper No.
A month later, it held another work session on changes to the county’s land-use and planning code that would make way for legal cannabis and specify where pot businesses can be located. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana.
Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Additionally, minority- or women-owned businesses held 63% of craft grower, 61% of infuser, and 74% of transporter licenses. Black loan applicants face higher bank loan denial rates.
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.
Medicann is a premier cannabis-specialized clinic, providing patients with access to local specialist doctors and pharmacists that have experience prescribing cannabis-based medication. a global leader in the cannabis industry serving both medical and consumer markets and dedicated to helping people improve their lives.
Yet, the emerging ecosystem of business opportunities is highly fragmented, and with a lack of institutional capital available, Palo Santo is targeting early-stage, high-growth opportunities within biopharma, drug development, digital therapeutics, healthcare services and tech enabled solutions.
regulators must see and ties to most of your businesses. ordering, logistics, manufacturing, quality control (QC), quality assurance (QA), maintenance, reporting and business intelligence. The ERP operates as a system, collecting data in real time and connecting it all together for your. Access Control. system of control.
Shareholders of record as of the close of business on July 21, 2021 and shareholders holding a legal proxy for the meeting, are eligible to vote at the meeting. and Canadian securities laws (collectively, “forward-looking statements”), which involve certain known and unknown risks and uncertainties.
Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. Ballot Measure 119, known as the United for Cannabis Workers Act, sets a new licensing requirement for cannabis businesses in Oregon. What is Ballot Measure 119?
million in direct forgivable loans, fully financed by the State of Illinois, will be made available to all conditionally-approved social-equity loan applicants in order to provide immediate access to capital. The guidance states, “Cannabis Loan Funds shall be used for ordinary and necessary expenses to start and operate a cannabis business.”
PSDN will provide public access to an exciting asset class with support from accomplished institutional investment managers in the cannabis space. PSDN broadens the reach of our unique investment philosophy and provides simple, secure, accessible investing into one of the world’s most exciting asset classes.”
With the rising popularity of high-THC concentrates, which are several times more potent than flower and edibles, come worries among deep-pocketed political groups and their statehouse allies that teenagers have too much access to it without enough knowledge of the effects. Read more at The Denver Post ]. View original article.
By collaborating with brands and advocates, Eaze’s new business venture will help implement SB 34, which enables dispensaries to donate cannabis to patients. A Collaborative Effort To Increase Cannabis Access. Gavin Newsom in October 2019. Scott Wiener, who sponsored SB 34. “Cannabis is medicine.
Proposition 215 made it legal for HIV/AIDs and cancer patients and the terminally ill to possess and cultivate medical marijuana and to receive it from a network of non-profit, member based collectives that catered specifically to medical marijuana patients in need. Access problems and medical cannabis. Inability navigating the system.
Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado already had a developed medical cannabis regulatory system, and many businesses were able to transition to having both a medical and an adult-use counter. of the population enrolled. 46,104,922.
The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry. Unfortunately, several businesses have recently fallen victim to a scam targeting the legal cannabis sector.
The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.
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