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Attorneys General Push for Marijuana Banking Reform

NORML

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.

Banking 363
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ABA survey says majority of Americans support SAFE banking for hemp and cannabis businesses

Cannabis Law Report

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 — .

Banking 52
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Alert: Governor Gavin Newsom signs legislation implementing the 2022-23 state budget, including trailer bill focusing on measures to bring tax relief to the cannabis industry

Cannabis Law Report

Move cannabis excise-tax collection and remittance to retail in 2023, establishing one point of collection and remittance and greatly simplifying tax requirements for the entire cannabis supply chain. Allow eligible equity retailers to keep a percentage of the excise tax they collect. You can access the bill language here.

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

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.

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California to offer financial support for cannabis equity businesses through fee waivers

Cannabis Law Report

–(BUSINESS WIRE)–Cannabis entrepreneurs affected by the War on Drugs can have their license or renewal fee waived, following the approval of emergency regulations issued by the Department of Cannabis Control (DCC). Emergency regulations for the equity license fee waiver program were approved today. SACRAMENTO, Calif.–(BUSINESS

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WSU researchers team with Puyallup tribe on medicinal cannabis research

Cannabis Chronicles

This partnership with WSU and Qwibil will help us research the safety and efficacy of cannabis as medicine for our patients’ use.”. McDonell said research institutions are limited in their access to cannabis users by federal laws that could affect funding. The clinic serves native and non-native patients, according to the news release.

Medicine 140
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Cannabis, Learn How to Win from the Alcohol Industry  – Cannabis Business Executive

SpeedWeed

A new, well-organized marketplace where consumers could easily buy safe, high quality products, and states could collect new tax revenues, was the intended result behind cannabis legalization. Further, startup expenses are unreasonably high for many people who are trying to open cannabis businesses. Convenience and accessibility.