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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.
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. However, the program did not become operational until August of last year. 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 Marijuana Businesses 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.
The most essential component in creating a stable business environment to meet consumer demand is certainty, and that is what states and businesses would have with Congressman Correa’s legislation to protect state-lawful programs from potential rouge US Attorneys under a Department of Justice likely to be led by known drug warrior William Barr.
of votes in favor), which authorized the state’s department of health to create a medical cannabis program. Patients across the state should have equitable access to this treatment option and should not be burdened by localities that wrongly choose to opt out of the law. ASA strongly opposes both of these provisions.
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. Furthermore, a total of 33 states have enacted policies to establish a regulated medical cannabis program.
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.
The first will be held on Wednesday, June 19th, in the Small Business Committee, entitled Unlocked Potential? Small Businesses in the Cannabis Industry. Ultimately, this prohibition on access to resources hampers the potential to create a robust and competitive marketplace for consumers. Presently, V.A.
The Decline of Medical Marijuana in Massachusetts: What It Means for Patients In recent years, Massachusetts, once a pioneer in cannabis reform, has seen its medical marijuana program gradually overshadowed by the booming recreational market. The program aimed to provide safe, legal access to cannabis for patients with chronic conditions.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. To date, these statewide regulatory programs are operating largely as voters and politicians intended. 3540 , H.R. 3543 , and H.R. Thirty-three states, Washington, D.C.
The CRTA transfers authority over the Medical Cannabis Program from the Department of Health to the OCM, and in process overhauls some aspects of the program. A framework for an ambitious social and economic equity program aimed to right the wrongs of the war on drugs is partially laid out in the CRTA.
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.
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?
IDFPR cites the explosive growth by stating that 82 new dispensaries open for business in the last year, the single-largest expansion of cannabis dispensaries since the program first started with the Compassionate Use of Medical Cannabis Program Act (CRTA) in 2014. Find detailed information about this topic here.)
New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation.
Establishing the Community Grants Reinvestment Fund, which will invest in communities that have been disproportionately impacted by the drug war through job training, economic empowerment, and youth development programming.
Legislation is pending, Senate Bill 165, to establish a medical marijuana accessprogram for qualified patients with a physician’s recommendation to access medical marijuana from licensed retail outlets. Send a message to your lawmakers in support of medical marijuana access. AL resident? IL resident? KY resident?
Currently, thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships.
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.
In recent days, the Governor has also signed legislation into law facilitating the expungement of prior marijuana convictions, expanding the state’s medical cannabis accessprogram, and encouraging financial institutions to work with licensed marijuana businesses and to process financial transactions.
Worcester— The Cannabis Control Commission (Commission) is pleased to announce the application for the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program will open Monday, June 21. “We Application for Cohort Three of the Commission’s Social Equity Program Opens June 21.
Thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships. With 97.7% of the U.S.
The bills would also allow for the expungement of certain prior convictions, delivery of medical marijuana to qualified patients, and restructures the medical marijuana licensure process to eliminate the requirement that business be vertically integrated. Send a message to your lawmakers in support of medical marijuana access.
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. To date, these statewide regulatory programs are operating largely as voters and politicians intended.
The Cannabis Control Commission (Commission) is now accepting applications from individuals who have been impacted by the War on Drugs and are interested in joining the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program (SEP). The deadline to be considered for SEP Cohort Three is September 17, 2021.
The Cannabis Business Office (CBO) creates new economic development opportunities, local job creation, and community growth for the diverse population across Colorado. The office will offer resources that are otherwise unavailable at the federal level, including technical assistance and access to capital for businesses in all stages.
The Cannabis Control Commission (Commission) is now accepting applications from individuals who have been impacted by the War on Drugs and are interested in joining the third cohort of Massachusetts’ first-in-the-nation statewide Social Equity Program (SEP). The deadline to be considered for SEP Cohort Three is September 17, 2021.
Cow started in the Medicinal Program in 2015 and was one of the first people to buy medical cannabis in Illinois. “I He had his own section of the dispensary (Cow’s Corner) where he conducted business, and he even had an Illinois concentrate named after him: Kow’s Karma. “I For more Illinois cannabis industry news, visit here.
New York State is set to legalize and regulate cannabis for adult-use, and improve our existing medical marijuana and hemp programs by April 1st with the 2020-2021 NYS Budget. YES MRTA= % of tax revenue from marijuana legalization is allocated specifically for a Community Reinvestment Grant program.
Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. It also did not normalize federal taxation for businesses within the sector.
So, it shouldn’t be a huge surprise that Virginia didn’t launch a medical marijuana program until 2015, nearly two decades after California. And it took extensive, concerted efforts from marijuana law reform organizations like NORML to negotiate with Virginia’s Republican Party to get the program finally running.
Before Proposition 64 was officially enacted into state law, California’s medical cannabis consumers were generously served by a range of successful and well-executed compassionate care programs. A Collaborative Effort To Increase Cannabis Access. Gavin Newsom in October 2019. Scott Wiener, who sponsored SB 34.
Legislation is pending, Senate Bill 165, to establish a medical marijuana accessprogram for qualified patients with a physician’s recommendation to access medical marijuana from licensed retail outlets. Send a message to your lawmakers in support of medical marijuana access. AL resident? VA resident? West Virginia.
Also this week, the House Committee on Small Business held a hearing 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. CA resident? CA resident? DE resident? New Jersey.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Update : SB 34 was heard and approved by the Assembly Business And Professions Committee on 6/11/19. CA resident? CA resident? CA resident?
The organization has, they say, ……evaluated patient access, affordability, equity, and product safety. With a decline in legislative improvements in state medical cannabis programs, millions of patients are left with limited or no access,” ASA Executive Director Debbie Churgai said. “It Pennsylvania State Rep.
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.
Leia Flynn is a legal assistant at a firm that works with cannabis businesses and the owner of Flight Lounge, a members-only private cafe allowed under the City of Portland’s social consumption guidelines. “That is discrimination.”
In January, a bill was introduced regarding Iowas medical cannabis program, allowing vaporized cannabis to be added to the state-approved Tetrahydrocannabinol ( THC) products list. Iowas medical cannabis program is one of the most limited throughout the country. Senate File 46 would expand access to medical cannabis for Iowans.
goodblend™ Texas , a retail brand of Parallel , one of the nation’s largest privately-held multi-state cannabis operators, today announced the launch of the first cannabinol (CBN) products for patients registered in the Texas Compassionate Use Program. goodblend™ Texas, a retail brand of Parallel. “We
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. to reach 3.2
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
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
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