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.

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.

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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.

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

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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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.

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

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).

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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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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.

Vaping Epidemic and Cannabis: What Cannabis Businesses Can Expect

Canna Law Blog

So, what can cannabis businesses expect, for better or worse, because of the current vaping problem. Other times, rule changes are hugely significant and whole product lines and/or businesses can be eliminated overnight. For cannabis businesses, the time is now to prepare accordingly.

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.

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.

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

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 […].

South African police issue warnings to un-regulated cannabis businesses

Cannabis Law Report

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.

Cannabis Business Reality – Conference Agenda Mismatch

Cannabis Law Report

Cannabis Business Reality – Conference Agenda Mismatch – For those of you who read our post regularly, it is no surprise that we have been “beating a drum” over problems within the cannabis industry in California that focus on licensing and the underground market.

Compliance over Enforcement: The New Normal For Washington Marijuana Businesses

Canna Law Blog

” 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. On July 28, 2019, Senate Bill 5318 (“ SB 5318 “) went into effect.

Law 360: California Senate OKs Tax Breaks For Cannabis Businesses

Cannabis Law Report

California’s legal cannabis businesses would be allowed to claim tax deductions or credits for business expenses under a bill recently passed by the state Senate.

NY: CPA & Business Advisory Service Launches Cannabis & Hemp Advisory Practice

Cannabis Law Report

DKB’s expertise and experience with other regulated industries, especially the alcoholic beverage market, can help make sure businesses get it right. Careful planning surrounding 280E is one of the many ways that DKB will help cannabis business owners maximize after tax cash.

Michigan Dispensary Marketing Agency Helps Cannabis Businesses Grow

Canna Newswire

July 2, 2019 / Canna Newswire / – With the recent legalization of marijuana in the state of Michigan, dispensaries, growers, and cannabis-related businesses are beginning to open shop. “Having a unique sales proposition and ongoing marketing campaign is critical for business owners who sell cannabis products and services,” says Brian Boyer, owner of Top Smoke Marketing. TRAVERSE CITY, Mich.