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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.
Choosing the Right Business Entity in the Cannabis Industry One of the most fundamental questions facing any entrepreneur – whether in the cannabis industry or elsewhere – is: What type of business entity should I choose? Will you own 50% of the business, but your partner wants to claim 100% of the early losses?)
As the Michigan cannabis industry continues to grow and mature, medical and adult-use licensees would be well served to take proactive steps to ensure compliance with Environmental, Health and Safety (EHS) regulations. Further, the MRA’s administrative rules, Mich Admin Code, R 420.14(4)(c), 4)(c), 420.14(5), Mich Admin Code, R 420.14(6),
We try to cover cannabis-related trademark issues thoroughly on this blog, because branding and trademark protection form the most basic foundation for most businesses. In our most recent posts, we’ve focused heavily on trademark disputes, because as the industry matures, litigation has become inevitable.
lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. “Hopefully, the hearing will allow us to ascertain what steps we can take to encourage economic growth and public safety in that space.” This blog is not written or edited by SFGate or the San Francisco Chronicle.
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.
” Technical Assistance Programs are designed to allow state agencies to collaborate with individuals and businesses subject to that agency’s regulations without issuing civil penalties. ” In addition, the LCB must “expand existing programs for compliance education for licensed marijuana businesses and their employees.”
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.
While conflicts between state and federal law have long existed in regard to cannabis, in general, the feds have left legally operating cannabis businesses alone since the Obama Administration. Many such shops resemble legitimate businesses in many aspects in order to maintain a low profile and avoid raids. The one exception?
With big business comes big business divorce. In this week’s New York Business Divorce, we’re excited to write about what seems to be the very first New York appellate court decision in a marijuana industry business divorce dispute. The Alleged Partnership. This was not your average mom and pop pot shop.
In addition to legalizing adult use and possession of cannabis, the law creates a statewide regulatory regime for commercial cannabis activity, but also provides discretion to local jurisdictions to prohibit or restrict such businesses.
Blog Post is Co-Authored by Grant Gilezan and Jerry Hincka from EHS Support Just because cannabis is federally illegal, doesn’t mean Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA) regulations aren’t applicable to your cannabis-related business.
These changes reflect the states efforts to regulate hemp products more strictly while maintaining consumer safety standards. Looking ahead As Florida navigates these regulatory changes, both businesses and consumers must stay informed about their potential impacts. Branding that mimics illicit substances or drug paraphernalia.
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.
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.
As we’ve discussed on the blog previously , the SAFE Banking Act would allow financial institutions to serve state-legal marijuana businesses without fear of federal repercussions. Things are looking better and better for expanded cannabis banking prospects. Here’s hoping Congress heeds the call, and soon.
The proposed rules require that “all production activities are done on premises that are in compliance with state and local laws, including but not limited to zoning, occupancy, licensing, fire safety, food safety, worker protection and building codes.”
We’ve written a lot about cannabis M & A , entity selection choices , and financing on the Canna Law Blog and how these transaction and changes do not amount run of the mill transactions because of the invasive regulatory overlay in almost all states.
CBD brands to enter and expand their existing business in a less competitive atmosphere. The main challenge in selling Hemp CBD products in Europe is that the European Foods Safety Authority (“EFSA”) has classified the most coveted cannabinoid as a “ novel food ” ingredient. Novel Food Regulations .
Secure and Fair Enforcement (SAFE) Banking Act, which would shield banks from federal prosecution as long as the cannabis businesses that they serve are compliant with the state laws where they operate. Regulation of the private banks and credit unions would fall under the purview of the Commissioner of Business Oversight.
There are now separate (and slightly different) definitions for hemp generally under the California Health and Safety Code, and now under the Food and Agriculture Code relative just to hemp cultivation. Now that SB-153 is the law, hemp businesses across the state will need to adjust how they operate to ensure compliance with the law.
The initiative proposes amendments to the Health and Safety Code that would implement a regulatory framework for the “cultivation, processing and distribution of Psilocybin Mushrooms and the chemical compounds contained therein for personal, spiritual, religious, dietary, therapeutic, and medical use.”
Similar to ketamine, psilocybin has shown great promise in clinical trials for helping to effectively treat depression and PTSD (and we’ve written about psilocybin several times on this blog, including here and here ). Food and Drug Administration (FDA) to cities and counties.
The policy did not prohibit the use of legal drugs, but did require employees to advise the employer if such use would “pose[] a significant risk of substantial harm to the health or safety of the individual or to others” or “render[] the Employee unable to perform the essential functions of the job.”
As much as I hate being a party-pooper – especially for a party as big as the Oscars — as a Los Angeles based cannabis business lawyer, I cannot resist mentioning my own legal concerns about these swag bags. But this gifting rule is far more complicated for cannabis business licensees. of the Health & Safety Code.
We now have a situation where businesses legally selling cannabis in certain states are being barred from placing the funds derived from that (legitimate) business into federal banking systems. This is a public safety hazard. Cannabis cultivators and retail sellers have to pay their employees and rent in cash. Ironically, U.S.
It’s been a crazy two years since California legalized adult-use cannabis with the passing of Prop 64 and the adoption of the Medicinal and Adult-Use Cannabis Regulation and Safety Act. On Thursday, January 30th, our own Hilary Bricken will join KCRW’s cannabis round table to discuss the industry’s evolution and future.
As sovereign nations, tribes can generally make their own rules for their business ventures and members on tribal lands, with state law potentially applicable only in sharply limited circumstances. Generally speaking, tribes regulate and operate their businesses free from state regulation.
In yet another setback for hemp and marijuana-adjacent businesses, the U.S. Small Business Administration (SBA) has quietly reintroduced a policy that effectively disqualifies most of them from critical federal loan programs. Many bad actors have pushed products with little regard for compliance or consumer health & safety.
You’re a nurse looking for something different to do with your career, and a cannabis business seems appealing to you, but you are stuck for ideas when it comes to what you could do or where to get started. The truth is that cannabis is, for many people, an extremely important treatment that’s set to become mainstream.
California’s cannabis law—the Medicinal and Adult Use Cannabis Regulation and Safety Act and its corresponding regulations (or “MAUCRSA”)—doesn’t put a cap on the number of licenses that will be issued. Otherwise, companies will have to turn acquiring interests in licensed businesses, which can be a big challenge in and of itself.
Alex Robb, the director, and general manager of Trees Cannabis has been issued a notice of administrative monetary penalty (NAMP), by the province’s nascent Community Safety Unit (CSU), for $1.5 million, for the sale of illicit cannabis. The fine, issued on January 20, marks the first known penalty levied […].
We’ve written extensively on this blog about industrial hemp-derived CBD products, including CBD comestibles , CBD pet products , CBD in alcohol , and CBD topicals. Our main priority was safety, effectiveness. The FDA also determined that these products were “misbranded drugs” under section 502(f)(1) of the FD&C Act, 21 U.S.C.
While owning a cannabis business is a promising industry to enter, like any business, finding, retaining and managing employees comes with its challenges. The number one key to a successful cannabis business is to have knowledgeable and skilled employees running the business. Determine the specific job needs.
On Thursday, January 23 rd , the Bureau of Cannabis Control (BCC) announced new proposed emergency regulations that will make it mandatory for all cannabis businesses to post their unique Quick Response Code (QR Code) in their storefront windows and to carry it with them while transporting or delivering cannabis.
On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. Simply stated, the SAFE Banking Act would protect financial institutions providing services to cannabis related businesses operating legally within the parameters of state law.
The program doesn’t become operational until January 1, 2023, and in the meantime, the Oregon Health Authority and the Psilocybin Advisory Board are busy working on regulations to govern the program, so currently, there are no legal psilocybin businesses operating, and licenses are not yet available. Stepping into Business.
It is the new markets that will foster trade hence new business opportunities. Consumers then turn to the black market for assistance and encourage illicit businesses to grow. Promote Consumer Safety. In short, the fight against marijuana use poses a significant threat to consumer safety.
In summary, it provides a safe harbor from federal prosecution for financial institutions that offer services to state-legal cannabis businesses, reducing the uncertainty and risk that deters many banks from working with the cannabis industry. 1200 ) was introduced in April by Sens. . ” From other media. Ganjapreneur report.
The coronavirus pandemic is having a significant impact on retail businesses throughout the county, including medical and adult-use cannabis businesses. Read More › Tags:
The coronavirus pandemic is having a significant impact on retail businesses throughout the county, including medical and adult-use cannabis businesses. Finally, although not tied to the current COVID-19 health emergency, MRA also provided guidance (here and here) for marijuana businesses that experience issues with METRC.
Oklahoma medical marijuana is big business and it has brought huge economic benefits and massive entrepreneurial opportunities. Marijuana Use In Safety Sensitive Job Duties In Oklahoma. When OK legalized MMJ in 2018, it began providing licenses to businesses and MMJ cards to patients almost right away. Let’s investigate.
Exceptions apply to, among others, any position requiring a commercial driver’s license, positions requiring the supervision or care of children, medical patients, disabled or other vulnerable individuals, or safety sensitive positions, as determined by the enforcement agency and set forth in regulations pursuant to the ordinance.
The Food and Drug Administration (“FDA”) had a busy Monday this week. On November 25, the agency issued warning letters to 15 businesses selling hemp-derived CBD (“Hemp-CBD”) products as unapproved drugs. The third point focuses on questions that remain about the safety of Hemp-CBD. Warning Letters.
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