Remove Banking Remove Collective Remove DEA Remove Dispensary
article thumbnail

The Year in Weed: 2020 Edition

The Blunt Truth

In many states, cannabis stores and dispensaries were considered essential businesses. Massachusetts decided that medical dispensaries could remain open, but recreational shops had to close. was just one of several states facing problems with signature collection. The DEA released an interim hemp rule that the industry hated.

DEA 109
article thumbnail

The Week in Weed: May 15, 2020

The Blunt Truth

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.

Banking 106
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Week in Weed: March 6, 2020

The Blunt Truth

In Utah , sales began at the state’s first dispensary, located in Salt Lake City. The Department of Agriculture delayed a requirement that the DEA conduct all THC testing on hemp crops. Although recreational sales were expected to begin this month, they’ve been postponed until June. FEDERAL NEWS.

Banking 99
article thumbnail

What if Federal Marijuana Reform Doesn’t Happen Anytime Soon?

Canna Law Blog

The federal government collects vastly more money from the marijuana industry with IRC 280e in place than if 280e were excised from the tax code tomorrow. Then of course there is the DEA, which continues to maintain that marijuana is among the most dangerous substances known to humankind. (It So do many states.

article thumbnail

Getting into the Cannabis Business? Here are Some Things you Need to Know

Otherside Farms

Now is the perfect time to open up a dispensary! Here are five things you must have before opening a medical marijuana dispensary. Sure, medical marijuana dispensaries aren’t viewed as a traditional business. You do not have to open your own cannabis dispensary to get into the market. A Business Plan.

article thumbnail

Federal Legalization – Then What?

Cannabis Law Report

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

article thumbnail

Dentons Weekly Cannabis Update

Cannabis Law Report

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. DEA increases the cannabis research quota. Battle heating up over Florida ballot initiative to legalize cannabis for adult use.

Vaping 40