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“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuanabusinesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization.
Sixty-eight percent of Americans say that Congress should pass legislation so that marijuanabusinesses can "access banking services and products in states" where it is legal. The post Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis BusinessesAccess to Banking Services appeared first on NORML.
John Bel Edwards has signed a series of bills into law greatly expanding patients ability to access medical cannabis products. State lawmakers enacted a limited medical cannabis access law in 2016. Currently, fewer than 4,000 patients are registered to access medicinal cannabis products under the law. Democratic Gov.
The Coalition letter focuses on the need for small businessaccess to the SBA relief funds as an avenue to protect the progress that has been made by minority entrepreneurs in the emerging legal cannabis marketplaces. RE: Protect Minority-Owned MarijuanaBusinesses and their Workers. You can read the full letter below.
There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions.
Imagine operating a business without a bank account. Imagine being forbidden from letting your customers pay for purchases with a credit card, or being able to ask a bank for a small business loan. Currently, state-licensed marijuanabusinesses face a web of conflicting regulations.
A robust, above-ground retail marijuana market is necessary in order to disrupt the unregulated marketplace and to assure that consumers have adequate access to lab-tested, high quality products at competitive prices.
Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R.
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.
Next week, the two key committees will hold hearings on various aspects of federal marijuana policy. The first will be held on Wednesday, June 19th, in the Small Business Committee, entitled Unlocked Potential? Small Businesses in the Cannabis Industry. Presently, V.A.
Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuanabusinesses. The majority of these businesses are small-to-medium in size.
In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15.
House and Senate lawmakers have approved a series of bills to facilitate patients’ access to medical cannabis products. ” Legislators also approved HB 211 , which seeks to encourage banks and other financial institutions to provide services to state-licensed medical cannabis businesses. John Bel Edwards.
1617 , the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana. Only people with business-related convictions (such as fraud or tax evasion) will be explicitly barred from receiving licenses.
Two of our greatest champions in Congress, Representative Earl Blumenauer and Senator Jacky Rosen, are circulating bipartisan sign-on letters to Congressional Leadership demanding that state-licensed cannabis businesses are able to access the Small Business Administration. Send a message now!
America has a moral responsibility to pass my legislation to end the prohibition of marijuana and take on the oppression at the heart of the War on Drugs. America has a moral responsibility to pass my legislation to end the prohibition of marijuana and take on the oppression at the heart of the War on Drugs.
In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S.
Representatives Tulsi Gabbard (HI-02) and Don Young (AK-AL) introduced today two landmark bipartisan marijuana bills. In the previous Congress, The Ending Federal Marijuana Prohibition Act became the first bill in American history to end the federal policy of criminalization that earned bipartisan support.
The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuanabusinesses. NORML Deputy Director Paul Armentano submitted written congressional testimony, which you can read here.
The Sensible Enforcement Of Cannabis Act essentially would give peace of mind to lawmakers, regulators, 149,000+ workers, and the millions of patients and consumers who are dependent on the normalization of lawful marijuana markets. They have stimulated economic development and created hundreds of millions of dollars in new tax revenue.
The holiday season means many things to many people, but for Senator Mike Crapo (R-ID), it means walking back commitments to moving cannabis reform forward and turning into the Marijuana Grinch. This holiday season, send a message to Chairman Crapo and help his heart grow three sizes in support of marijuana reform. “Wait, what?!”
This week, the Minority Cannabis Business Association unveiled their Municipal Ordinance model on how localities can administer new business licenses in a fashion that promote minority entrepreneurs and ensure that the emerging industry will not be dominated by a flood on new investors who have not been harmed by the consequences of prohibition.
. “NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” ” Download the Resource Guide.
Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration.
This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. “The majority of states now regulate either the medical use or the adult use of marijuana. and the U.S.
Members of the United States Senate Committee on Banking, Housing, and Urban Affairs are scheduled to hear testimony next week regarding the need to provide greater access to financial services for state-licensed marijuana-related businesses. ” (Read NORML’s full testimony here.).
States Taking Action to Ensure Uninterrupted Retail Access to Medical Cannabis During COVID-19 Outbreak. Urge Congress to Provide Small Business Relief to State-Licensed Cannabis Companies. Contact your federal lawmakers in support of this needed change to protect small businesses. View the up-to-date list.
The new legislation codifies a new regulatory bureau, the Oklahoma Medical Marijuana Authority, within the State Department of Health, establishes a registry for qualified patients and their caregivers, and establishes a revolving fund to address oversight matters. ” Members of the House voted 93 to 5 in favor of the legislation. .”
One facet of the bill, which was just voted on and approved by the state House of Representatives, seeks to allow doctors to prescribe medical marijuana for any condition rather than limiting the recommendation to a specific set of ailments.
Lawmakers in several states have recently moved forward legislative proposals to either legalize or decriminalize marijuana-related activities. ” New Mexico: Members of the House voted 36 to 34 in favor of HB 356 , which establishes a system of licenses, state-run marijuana retailers. LEGALIZATION.
Virginia has been one of the most reluctant states to consider marijuana law reform, though it recently began allowing some forms of cannabis oil for approved patients. So, it shouldn’t be a huge surprise that Virginia didn’t launch a medical marijuana program until 2015, nearly two decades after California.
Rescheduling would stand to have the largest impact on cannabis research and business taxes. Rescheduling would ease those research barriers, improving access to data and education around the plant and opening the door to fully explore the medical benefits cannabis could provide. Ready to book a consultation with one of our experts?
BDSA’s latest report suggests that recreational cannabis access affects longer standing medical market. Access with a medical card encourages patients to buy heavily taxed adult-use cannabis. But is recreational access a benefit or hinderance on medical cannabis?
“As individuals and families struggle to cope with the day-to-day challenges of the COVID-19 global pandemic, it is inappropriate and irresponsible for state and local governments to continue utilizing precious resources and capacity to arrest, prosecute, and incarcerate Americans for marijuana violations,” said NORML’s Strekal.
New Approach Montana, the campaign committee behind a marijuana legalization ballot initiative in the state, submitted a revised proposal to the Secretary of State’s office, removing provisions that address medical marijuana law changes. The Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act (HR 3884 / S.
Since the passage of Proposition 1 , officially known as the Michigan Regulation and Taxation of Marihuana Act , which legalized the sale, possession, consumption and cultivation of marijuana for adults 21 and up last November, members of Michigan NORML have encountered a new challenge: municipal opt-out.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. While these two bills are overtly about addressing the failures of marijuana prohibition, what they are truly about is accepting reality.
However, the work of reforming our nation’s failed marijuana laws is not suspended therefore we’re still updating you policy efforts across the country. Veteran Access : HR 1647, the Veterans Equal Access Act, would allow V.A. doctors to fill out the state-legal medical marijuana recommendations. AK resident?
1) Increased Access. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options. 2) Transitioning “Unregulated Market” into the legal framework.
.” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. Legislation is pending, House Bill 1389 / Senate Bill 1860, to permit the use, possession, and retail sale of marijuana for adults. FL resident? IN resident?
It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or certain types of employment solely based upon their patient status. Over 146,000 Oklahomans are registered with the state to access medical cannabis therapy.
Both the legislature and the Governor’s office, after hearing New Yorkers’ opinions, have repeatedly stated cannabis legislation must address social justice concerns and avoid creating a cannabis economy that will allow large businesses to thrive to the detriment of small business.
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