House Committee on Small Business Holds Hearing On Cannabis

NORML

Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Currently, the SBA is prohibited from providing support, guidance, or microloans to small businesses in the cannabis industry, unlike every other sector of the economy.

House Small Business Committee Moves Marijuana Bill Forward

NORML

As first reported by Politico, the House Small Business Committee is waiving jurisdiction over the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act ( HR 3884 ), making it the second House committee in the 116th Congress to advance legislation to end federal marijuana prohibition.

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Businesses Need Bank Accounts; Marijuana Shops Included

NORML

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. This is the reality of hundreds of small and medium-sized business owners throughout the country who are engaging in the emerging cannabis marketplace. Currently, state-licensed marijuana businesses face a web of conflicting regulations.

Chairwoman Velázquez Introduced Bill To End Marijuana Prohibition And Promote Small Businesses

NORML

House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. You can read more in the release issued by the Committee on Small Business here.

Maine: Regulators Now Accepting Retail Marijuana Business Applications

NORML

State regulators have begun accepting applications from those wishing to open licensed retail cannabis facilities. Maine voters initially approved the legalization of adult-use cannabis sales in November 2016 by passing a statewide initiative, but lawmakers — led by former Republican Gov.

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Weedmaps to stop advertising unlicensed pot businesses

Cannabis Life Network

LOS ANGELES — The major online pot shop directory and cannabis marketplace Weedmaps announced this Wednesday that it will no longer allow black-market businesses to advertise on its site. Blog Business Cannabis Legalization Editorial Featured Marijuana News dispensary pot shop Weed Maps

Cannabis Testing + Branding = Business Building

Cannabis Law Report

If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand.

Michigan: Regulators Now Accepting Retail Marijuana Business Applications

NORML

State regulators have begun accepting applications from those wishing to open licensed retail cannabis facilities. Fifty-six percent of voters last November approved Proposition 1 — a statewide ballot initiative legalizing the adult use, cultivation, and retail marketing of marijuana.

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UK struggles to regulate booming CBD businesses

Leafly

The post UK struggles to regulate booming CBD businesses appeared first on Leafly. Producers and researchers in the UK are setting the standards themselves as regulations lag. CBD Industry cbd regulations United Kingdom

California Ad Campaign Targets Illegal Cannabis Businesses

Leafly

The post California Ad Campaign Targets Illegal Cannabis Businesses appeared first on Leafly. "Do you know what's hiding in your counterfeit edibles?" one ad asks. Industry Politics California Lab testing law enforcement licensing Los Angeles

Audit Reveals 3,000 Illegal Cannabis Businesses in California

Marijuana Lawyer Blog

Approximately 2,835 unlicensed dispensaries were listed as trading across California, according to the audit conducted by the United Cannabis Business Association (UCBA), a trade association representing a wide variety of licensed marijuana businesses.

Visa Stops Processing CBD Business

Cannabis Law Report

As of , May 15, many CBD business had yet another obstacle thrown in their path when they were notified that they could no longer accept Visa payments on their sites. They write.

How to join boom in cannabis business

Cannabis Chronicles

Investors have taken note, pumping $10 billion into North American cannabis businesses last year — a good sign for budding entrepreneurs hoping to cash in on the green rush. To succeed, you need more than a solid business plan and ace team (though those are crucial, too).

Nevada Approves Cannabis Business Insurance Policy

Cannabis Law Report

Cannabis Business Insurance Policy Approved in Nevada.

First Arkansas Dispensaries Now Open for Business

Leafly

The post First Arkansas Dispensaries Now Open for Business appeared first on Leafly. After a long wait, Arkansas's first two medical cannabis dispensaries have opened in Hot Springs—but long wait times and product shortages are expected.

How Franny’s Farmacy is Redefining Cannabis Business Ownership

Leafly

They offer cannabis-specific guidance in banking, wholesale supply-chain management, and marketing so new CBD retailers can focus on establishing their CBD business. The post How Franny’s Farmacy is Redefining Cannabis Business Ownership appeared first on Leafly.

Marijuana Business Financing: Tough Questions From Investors

Canna Law Blog

As veteran marijuana business owners (and virtually every other type of industry owners) know, there may come a point in time in the business when you are sitting across the table from someone who is offering to put money into your business. Business Basics Finance/Investment

ChiWeed Directory of Marijuana Recreational Businesses

Otherside Farms

They collectively have many years of experience in this line of business and know that giving the public a way to pick winners, enhances competition. With its provision of high quality back-links, businesses listed reap the benefits of SEO.

Businesses grow around NM medical cannabis producers

The NM Political Report | Medical Cannabis Program

As New Mexico lawmakers try to come up with a legislative proposal to legalize recreational cannabis that might ease the apprehension of some of their colleagues, there is already a group of business owners already laying the groundwork for a post-legalization world.

Big banks seeing Canadian cannabis businesses as high risk

Cannabis Life Network

Cannabis is Canada is legal, and was sold as being big business, but as we approach the one year mark of Canadian cannabis legalization, big banks across the country are turning away from weed money.

How indie cannabis is teaming up to take on big bud business

Leafly

The post How indie cannabis is teaming up to take on big bud business appeared first on Leafly. Canada Industry cannabis business Cannabis IndustryCompetition through co-operation: Cannabis co-ops are creating opportunities that may give the little guys more room to grow.

Canadian business world in the coming week

Cannabis Life Network

TORONTO — Five things to watch for in the Canadian business world in the coming week: Canada votes The federal election is Monday. The post Canadian business world in the coming week appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks.

Is Bankruptcy Protection on the Horizon for Cannabis Businesses?

Canna Law Blog

After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. The debtor-landlord proposed a plan of reorganization that would pay off its debts, which included some of the rent received from the cannabis business. Business Basics Legal Issues

2019 New California Laws Impacting Cannabis Businesses

Cannabis Law Report

The bills include: Assembly Bill 37 repeals the limitation on deductions for business expenses for cannabis businesses, which had previously conformed to Internal Revenue Code section 280E for state tax purposes. October 25, 2019. Article PDF.

Rule Your Extraction Business With an Iron Fist Extractor

Otherside Farms

With a workhorse extractor like Iron Fist’s EX-20 or EX40, you’ll be able to maximize your extraction business with a wide range of concentrates, including: Live Resin – Cannabis is typically cured before extraction, which changes its terpene profile.

Risky Business: Cannabis Security Interests and Secured Transactions

Canna Law Blog

It’s no secret many cannabis businesses can’t get bank accounts or loans or lines of credit from financial institutions because of the Bank Secrecy Act and federal anti-money laundering laws — despite current FinCEN guidance.

New Model Ordinance’s Envisioned To Promote Small Businesses and Inclusivity

NORML

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.

Congress looks into allowing banking for marijuana businesses

SpeedWeed

lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The lack of banking services has forced many business owners to risk getting robbed by stashing large amounts of cash, or to resort to money laundering.

Congress: House Small Business Committee Advances MORE Act

Cannabis Law Report

Politico have reported… The House Small Business Committee has waived its jurisdiction on the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, making it the second Democratically-controlled committee to advance the legislation.

The STATES Act Reintroduced: Bipartisan Measure Limits Federal Government’s Ability To Interfere With State-Sanctioned Marijuana Business, Policies

NORML

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. ” The STATES Act joins multiple bills have been filed to amend the Controlled Substances Act to restrict federal enforcement actions against state-legal marijuana businesses.

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Yes, Washington, You Really Need Cannabis Business Insurance

Canna Law Blog

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.

Advocates Ask Maine to Put Locals, Small Businesses First

Leafly

The post Advocates Ask Maine to Put Locals, Small Businesses First appeared first on Leafly. The state needs to use the rules to prevent corporate marijuana interests from overrunning the state's small cannabis industry, dispensary owners said.

Support These Charitable Cannabis Business That Give Back

Leafly

Speak with your wallet and donate to good causes with the help of these charitable cannabis businesses. The post Support These Charitable Cannabis Business That Give Back appeared first on Leafly. Lifestyle dispensaries

Oakland: Council Votes To Reduce Taxes For Cannabis Businesses

Cannabis Law Report

Despite opposition by Oakland Mayor Libby Schaaf, the Oakland City Council voted unanimously last Tuesday night ( 10 December 2019) to give final approval to a tax reduction for the city’s largest cannabis businesses.

USDA Hemp Rules: A Handbook for Hemp & CBD Businesses

Cannabis Law Report

Hemp & CBD Businesses. Department of Agriculture’s new rules for hemp production, the editors and analysts at Hemp Industry Daily dug into them to identify implications and explore what the rules will mean to you, your business and your investments. USDA Hemp Rules: A Handbook for.

Cannabis Business Basics: Product Liability Insurance is a Nonnegotiable Priority

Canna Law Blog

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.

CA: Long Beach to consider lowering certain cannabis-business taxes

Cannabis Law Report

At its upcoming meeting Tuesday, the Long Beach City Council will consider the fiscal and jobs effects of reducing tax rates for some of the city’s cannabis businesses. However, local tax rates are only one of many variables that businesses consider when determining where to locate.

UK: Tommy Corbyn’s Hemp Business Goes Into Receivership

Cannabis Law Report

Called National Hemp Service, or NHS , the business was to have sold a range of products made from hemp, a strain of cannabis, from a cafe in Mr Corbyn’s Islington North constituency in London. I’ve advised him to not take anything out of the business for as long as he can handle not to.

How to Get a Credit Union Account for Your Hemp Business

Canna Law Blog

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.

5 years in, Washington considers overhaul of pot business regulation

Cannabis Life Network

SEATTLE — Five years after Washington launched its pioneering legal marijuana market (pot business). The officials are proposing an overhaul of the state’s industry rules with: Plans for boosting minority ownership of pot business Paving the way for home deliveries of medical cannabis Letting the smallest growers increase the size of their operations/pot business to […].

Does Your Cannabis Business Qualify for Trademark Protection? The Answer is Most Certainly “Yes!”

Canna Law Blog

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. Business Basics Intellectual Property/Branding

Boston Mayor Approves Changes To Cannabis Business Review Process

Cannabis Law Report

The Mayor has reached agreements with 14 marijuana businesses proposing to open in Boston. Marty Walsh signed off on an ordinance Tuesday, designed to install an independent Cannabis Board. Marijuana Equity Ordinance.

Model Cannabis Brands with Business Lessons to Teach

Otherside Farms

How you decide to present your business will become your branding – an authentic symbol of your customers’ worldview. There are several cannabis brands that have mastered the concept of branding a marijuana business. Branding is about more than aesthetics.