Remove Banking Remove Compliance Remove Dispensary
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How Inflation is Affecting Cannabis: Prices, Closures, and the Job Market

Veriheal

Profits Drive Prices, Prices Drive Consumer Decisions Once competition and a surplus have been created, it still doesnt mean that dispensaries are lowering prices for customers in certain states anytime soonprofits being the main driving force. Oversight and Insurance Access to banking isnt the only thing affecting cannabis business profits.

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Unique Banking Challenges MSOs Encounter

Cannabis Law Report

While the rules and regulations vary from state to state, that has not limited some dispensaries from opening locations in several regions. These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank.

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Weekly Legislative Roundup 4/5/19

NORML

333, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, House Bill 122, to establish an industrial hemp program to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access.

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How a Lawyer Can Aid Cannabis Entrepreneurs in Starting and Growing their Business

Connor & Connor PLLC

Due to the federal status of cannabis, many traditional financing options, such as bank loans, are unavailable to cannabis businesses. This guidance is crucial for securing the funds necessary to launch or expand your business and ensure compliance with state-level financial requirements (Fairlie, 2024). References: Wathne, O.

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Weekly Legislative Roundup 3/29

NORML

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

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Weekly Legislative Roundup 2/15/18

NORML

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 marijuana businesses. Allows licensed dispensaries to sell edible cannabis and cannabidiol products. This was a big week for marijuana in Congress.

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Weekly Legislative Roundup 3/8/19

NORML

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. Update : H.333