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In this blog, we’ll break down what the big news means and what could happen next. Rescheduling would stand to have the largest impact on cannabis research and business taxes. Some industry groups estimate taxes can make up 70% or more of total operating expenses for a cannabis business. What does rescheduling actually mean?
Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.
Insurance in the cannabis industry is big business, and business owners need to know what policies are available and what those policies cover. Because in insurance policies, like all other business contracts (e.g. leases ), the risk of a business venture is divided between the contracting parties.
Are you a cannabis policy wonk looking to put your knowledge to work? We are looking for a passionate writer to blog about important legal, political, and regulatory issues in the California cannabis industry. Demonstrated experience in cannabis law, policy, or compliance required. Basic SEO knowledge and skills required.
All of us at Canna Law Blog were saddened to learn that the estimable Mark Kleiman passed away over the weekend. Kleiman was probably the most influential scholar on cannabis policy. Our cannabis business lawyers did not always agree with Mark, but to a person we always considered him well-informed, thoughtful, and honest.
I raised my eyebrows at the ODA post because in addition to this blog, our firm publishes a sister blog, the China Law Blog , where we write on international business (especially China) and frequently warn our readers to protect their intellectual property all costs, whether you are at home or abroad. China and the U.S.
Weedmaps, a major online pot shop directory and cannabis marketplace, announced last week that it will finally no longer allow black-market businesses to advertise on its site. The policy change was likely influenced by an impending class-action lawsuit that was in the works by the law firm of Zuber Lawler.
While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).
DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting.
In a prior post I discussed some general insurance issues for cannabis business owners to consider. Today we’ll take a deep dive into Washington State insurance for cannabis businesses. For those who enjoy a bit of historical grounding , the first business insurance policies in the U.S.
In fact, both the new law regulating the adult-use cannabis industry in the Garden State, as well as the prior laws regulating the Medical Marijuana Program, obligate prospective cannabis businesses to prepare and submit an environmental impact plan as part of the competitive licensing process.
Our client has asked us to publish this post as a public service announcement to other cannabis businesses. Marijuana businesses in Washington State (and elsewhere) need to be aware of the risk of cyber attacks as we enter a new decade. By way of example, compare a restaurant to a marijuana business. That was not the case!
It argues that laws prohibiting medical marijuana patients from purchasing a gun, even if they have never been convicted of a crime, are unconstitutional and bad policy. How is this a sensible policy? Many such shops resemble legitimate businesses in many aspects in order to maintain a low profile and avoid raids. Gun ownership.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.
In the midst of this uncertainty, we have been stressing to our clients the importance of insurance coverage for your business (see Anatomy of a Cannabis Insurance Policy Part 1: The Basics )– especially insurance that covers your liability for your marijuana- and hemp-derived products. Strict liability.
Tomorrow, a Republican-controlled Senate Banking Committee hearing will examine cannabis businesses’ lack of access to banking services to further consider the SAFE Banking Act. Supporters of the Act have stressed the public-safety concerns that have resulted from the lucrative cannabis industry conducting business on a cash-only basis.
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding.
According to the Marijuana Policy Project, each state has its own tax laws regarding the legal sale of medical marijuana. The post Millions Per Month: Why The Missouri Medical Marijuana Business Is Booming appeared first on MMJRecs. How much is medical marijuana tax in Missouri? Featured image by Tiffany Cade on Unsplash.
The claimant, a licensed occupational therapist, tested positive for marijuana after submitting to a random drug test under the employer’s drug and alcohol testing policy. The Board found, and the court agreed, that the claimant was entitled to benefits because the employer did not prove the claimant violated any company policy.
Speaking of the MORE Act, it got a boost this week from the world of business. The company also stated in a blog po st that its public policy team would be actively supporting the MORE Act, and urged other businesses to do so. mississippi.
The Hemp Center will be based in OSU’s College of Agricultural Sciences and intends to serve “as a research hub connecting faculty and researchers engaged in plant research, food innovation, pharmacy, public health, public policy, business and engineering.” You can read all about it here.
Looking ahead As Florida navigates these regulatory changes, both businesses and consumers must stay informed about their potential impacts. From tighter hemp regulations to the push for recreational cannabis legalization, these evolving laws reflect the growing complexity of cannabis policy in the state.
My guess is that a large number of Oregon businesses are still unaware of the license requirement, and therefore not compliant, and that it doesnt really matter because enforcement is sparse or nonexistent. The reason is that federal law and policy make it so. I believe this is still the case.
It has put state legalization campaigns on hold, delayed sales roll-outs, and the problems in Massachusetts could fill this blog post all by themselves. And there is endless news about the (lack of) relief for marijuana businesses. This week, the state’s Office of Marijuana Policy postponed sales indefinitely due to the pandemic.
Prior to opening her own firm, she was appointed as Senior Policy Advisor at the Bureau of Medical Cannabis Regulation, where she developed regulations and negotiated with stakeholders regarding the implementation of the Medical Cannabis Regulation and Safety Act (MCRSA). Authored By: An-Chi Tsou.
Those statistics come from a Curalate consumer survey , and they give you an indication of just how important social media marketing is to businesses – including those operating in and with the cannabis industry. POS software companies, marijuana industry career training companies, career recruiters, and more). Advertising.
Twitter is still an important channel for cannabis businesses and cannabis-related businesses to indirectly market their products and services. 10 Twitter Marketing Tips for Cannabis Businesses and Cannabis-Related Businesses. In its latest research , Pew Research Center found that Twitter is used by more U.S.
There are fairly robust requirements to get a permit unlike in some other states: owners must undergo federal background checks and submit detailed information about their business in order to get permitted. For additional updates on changes to Pennsylvania hemp laws and Hemp CBD laws, please stay tuned to the Canna Law Blog.
In conducting due diligence about his investment, I was interested to see that he was the only person involved in the business who was non-Chinese. That means your prospective Chinese investor or business partner (or customer who owes you money for your raw inputs, such as U.S. cannabis businesses, read this.
And while CBD is projected to be a $22 billion industry by 2022, many employers remain hazy about this extremely popular product and the implications it has for their employees and businesses. As noted in our previous blogs, CBD is a recent and largely unregulated industry. Educating employees about CBD and zero tolerance policies.
As ardent followers of this blog are well aware, one of my favorite pastimes is keeping tabs on who is suing whom in the cannabis industry for trademark infringement. Cannabis Trademarks: “Deadwood” Policies Could Implicate Cannabis Registrations. Another Cannabis Trademark Application Bites the Dust. Organic Marijuana: Not Exactly.
Back in February, we blogged about the Massachusetts Joint Committee on Cannabis Policy (the “Committee”) releasing a cannabis bill (H. Requiring the CCC to develop regulations that will limit the ability of social equity businesses to sale, transfer, or pledge assets/interest to a non-social equity or economic empowerment business.
Our big news this week is that the American Bar Association asked the Small Business Administration to make marijuana-related companies eligible for relief funds. Maine recently dropped a residency requirement for ownership of recreational marijuana businesses. There’s plenty of state news also. aba/sba correspondence.
We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. It’s huge news. And there are so many ramifications, from food law to trademarks to the financial services environment.
In a Tuesday blog post , Beth Galetti, Amazon’s senior vice president of human resources, said that the firm has “reinstated the employment eligibility for former employees and applicants who were previously terminated or deferred during random or pre-employment marijuana screenings.”.
territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses. The banking associations from all 50 states and 1 U.S. The [SAFE] Banking Act (H.R.
This is Part 5 of Cannabiz Media’s 5-part Guide to SEO for Cannabis Businesses and Cannabis-Related Businesses. Don’t get a lot of links from low-quality directory sites, forums, or blog comments. Top SEO Priorities for Cannabis Businesses and Cannabis-Related Businesses. Don’t get a sudden spike in backlinks.
Supreme Court Justice Clarence Thomas recently said that the federal ban on the cultivation and use of marijuana within states “may no longer be necessary or proper” and that inconsistent enforcement led to “traps” for marijuana businesses. And yes, cannabis is still considered a “drug-related business” under U.S. federal law.
Every year, employers find themselves revisiting their marijuana and drug testing policies to account for newly enacted laws at the state and local level. At that time, many employers will be prohibited from taking certain actions in the absence of clear policies addressing marijuana use or evidence of impairment. Now is no different.
As discussed in this earlier blog post , the SAFE Banking Act aims to prohibit federal regulators from punishing banks and other financial institutions that provide banking services to state-legal marijuana businesses, marijuana-related businesses, and their owners and employees.
Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. However, despite the passage of the McConnell and Wyden language in the 2018 Farm Bill, which was signed into law on December 20, 2018, hemp businesses continue to face significant barriers.
Our cannabis business lawyers have been busy advising a large number of new hemp and hemp-CBD businesses getting in on the fray, as well as some large and well-established companies exploring options in the space. When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. That exchange takes U.S.
As we previously blogged, the Illinois Cannabis Regulation and Tax Act will legalize recreational cannabis for Illinois adults starting January 1, 2020. Further, the Act noted that employers have the right to discipline or terminate an employee who violates the employer’s workplace drug policy.
Ultimately, the Report gives four potential policy choices for legislative consideration: Maintain the free market status quo and let the market self-correct towards equilibrium. That impact will not be felt only by consumers and potential market entrants, but by current licensees and ancillary businesses. Fingers crossed!).
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