Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

Eleven US Senators — Michael Bennett (), Cory Booker (D-NJ), Tammy Duckworth (D-IL), Kirsten Gillibrand (D-NY), Kamala Harris (D-CA), Edward Markey (D-MA), Robert Menendez (D-NJ), Jeffrey Merkley (D-OR), Jacky Rosen (D-NV), Bernie Sanders (I/D-VT) and Ron Wyden (D-OR) — have sent a letter to leadership urging lawmakers to permit licensed cannabis operators to qualify for loans and other forms economic assistance available from the Small Business Administration (SBA).

Missouri: Licensed Medical Cannabis Retailers Now Open for Business

NORML

State regulators have licensed 192 retailers thus far, with the first of those opening for business on Saturday. The post Missouri: Licensed Medical Cannabis Retailers Now Open for Business appeared first on NORML.

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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.

Eaze’s Momentum business accelerator invites applicants

Leafly

Leafly speaks with key players for the Momentum business accelerator - a grant and resource program for underrepresented cannabis businesses. The post Eaze’s Momentum business accelerator invites applicants appeared first on Leafly.

Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Join international cannabis and securities business attorney Jonathan Bench as he provides some pitfalls and best practices for companies & individuals looking to engage with the U.S. cannabis marketplace.

Cannabis Business NAICS & Business Activity Codes

Greenspoon Marder Cannabis Law Group Blog

Around tax time, I get this question a lot: “What is my cannabis business’s NAICS code or Business Activity Code?” The IRS requests your business’s “Business Activity Code” on a tax return filing, which is based on the NAICS code system. Of course, which code may be appropriate depends on the cannabis business’s actual activities. By: Rachel Gillette – Partner & Chair, Cannabis Law Practice.

House Committee on Small Business Holds Hearing On Cannabis

NORML

Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration. 2019 ACTIVISM Business GOVERNMENT INDUSTRY Policy

NORML Urges Congress to Provide Small Business Relief to State-Licensed Cannabis Companies

NORML

Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. ” In response to the COVID-19 outbreak, the SBA is actively providing economic assistance to numerous small and medium sized business nationwide. The majority of these businesses are small-to-medium in size.

New Legislation Would Permit Marijuana Businesses to Access COVID-19 Relief

NORML

Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuana businesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization. The new legislation would create an exemption for the SBA to allow it and it’s employees to facilitate support to qualifying small marijuana businesses.

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Eaze announces ten winners of $50k cannabis business grants

Leafly

The post Eaze announces ten winners of $50k cannabis business grants appeared first on Leafly. Eaze has announced the ten winners of their Momentum grant, awarding $50,000 to cannabis entrepreneurs around the country.

Nestle Muscle In On EU CBD Business

Cannabis Law Report

The post Nestle Muscle In On EU CBD Business first appeared on Cannabis Law Report. The food giants are muscling into the CBD game…The press release is chocka full of CBD “scientific” goblededook but the important thing to note is … Read More.

CannGroup (Australia)- See How Busy We Are , See How Busy We Are, See How Busy We Are

Cannabis Law Report

The post CannGroup (Australia)- See How Busy We Are , See How Busy We Are, See How Busy We Are first appeared on Cannabis Law Report. As children in our extended family back in the dim distant days of the early 1970’s there was a tradition… Read More.

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. 3544 , to remove marijuana from the Controlled Substances Act and to extend several Small Business Administration (SBA) initiatives to small businesses operating in the cannabis sector. You can read more in the release issued by the Committee on Small Business here.

Cannabis Business Cyber Summit

Cannabis Law Report

The post Cannabis Business Cyber Summit first appeared on Cannabis Law Report. THE PRICE – See Website THE DATE – See you online November 10-12, 2020! THE RATING – THE BLURB – General Agenda Tue, November 10 … Read More.

Action Alert: Tell Congressional Leadership To Support Small Cannabis Businesses

NORML

Two of our greatest champions in Congress, Representative Earl Blumenauer and Senator Jacky Rosen, are circulating bipartisan sign-on letters to Congressional Leadership demanding that state-licensed cannabis businesses are able to access the Small Business Administration. If you want to see a robust consumer-oriented cannabis marketplace, then we must act now to protect these small businesses. This message was emailed to NORML supporters.

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. Thanks to the work of the Small Business Committee and Chairwoman Velazquez, the emerging legal cannabis industry will ultimately become more inclusive to small businesses and entrepreneurs.”

Business Development Executive, LeafLink Financial

Cannabis Law Report

The post Business Development Executive, LeafLink Financial first appeared on Cannabis Law Report.

Missouri extends deadlines after most medical marijuana businesses failed to open on time – Cannabis Business Executive

SpeedWeed

The majority of Missouri’s medical marijuana businesses recently have been granted extensions after failing to meet a one-year operating deadline, state authorities told the News-Leader this week.

Acreage Announces Management Change – Cannabis Business Executive

SpeedWeed

a Toronto Stock Exchange listed consumer finance company, where he co-led the transformation of the business from a hard goods retailer to a leading non-bank financial services organization. On June 27, 2019, Acreage implemented an arrangement under section 288 of the Business Corporations ?Act

Protecting Hemp-CBD Business Information

Canna Law Blog

Given this significant growth forecast, sensitive business information (also known as trade secrets) has become an incredibly valuable asset for Hemp-CBD stakeholders. Realizing value from those trade secrets requires sharing them with business partners and employees. This means that to be legally protected, business information must be valuable and its owner must take reasonable steps to keep it secret. Business Basics Employment Law Hemp Legal Issues Oregon

California Cannabis Business Licensing Guidebook

Cannabis Law Report

Looking to enter the cannabis market in California or to expand your existing cannabis business? The post California Cannabis Business Licensing Guidebook first appeared on Cannabis Law Report.

Judge Hears BCC Delivery Businesses Arguments

Cannabis Law Report

A Fresno County Superior Court judge heard oral arguments Monday in a long-awaited case that could have major ramifications for California’s legal cannabis businesses. The post Judge Hears BCC Delivery Businesses Arguments first appeared on Cannabis Law Report.

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. The post Weedmaps to stop advertising unlicensed pot businesses appeared first on Cannabis News | Lifestyle Tips | Expert Opinions | Stocks. Blog Business Cannabis Legalization Editorial Featured Marijuana News dispensary pot shop Weed Maps

NORML Joins Civil Rights and Criminal Justice Groups To Support Small Cannabis Businesses

NORML

The Marijuana Justice Coalition, which is made up by groups including the Leadership Conference on Civil and Human Rights, Human Rights Watch, the ACLU, the Drug Policy Alliance, NORML, and others, has sent a letter to Congressional Leadership requesting that small marijuana businesses be able to access the emergency relief funds being administered by the Small Business Administration. RE: Protect Minority-Owned Marijuana Businesses and their Workers.

Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

NORML

There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. Cannabis businesses not eligible for Small Business Administration disaster relief aid.

Montana Legislature considers recreational marijuana bills – Cannabis Business Executive

SpeedWeed

Under I-190, no advertising for marijuana is permitted, though dispensaries are able to be listed on business directories. The bill isn’t about how people voted on I-190, but how recreational marijuana businesses can reach customers, Regier said.

Massachusetts: City of Northampton Decide To Drop Cannabis Business Fees

Cannabis Law Report

The post Massachusetts: City of Northampton Decide To Drop Cannabis Business Fees first appeared on Cannabis Law Report. The Commonwealth Magazine reports. First in state to waive 3 percent community impact fee MARIJUANA COMPANY officials have long complained… Read More.

South Dakota House says banks could choose to do business with marijuana and hemp licensees – Cannabis Business Executive

SpeedWeed

State representatives gave nearly unanimous support Monday to allowing South Dakota-chartered banks to conduct transactions with businesses that have state licenses for marijuana and industrial hemp. Banks would need to conduct higher scrutiny of marijuana businesses under a federal policy.

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. It’s more difficult than starting a business in any other area,” says Schmitt, 43, a seasoned entrepreneur who previously worked in finance and construction. To succeed, you need more than a solid business plan and ace team (though those are crucial, too). Marijuana is having a moment.

New Title: The Cannabis Business 1st Edition

Cannabis Law Report

The post New Title: The Cannabis Business 1st Edition first appeared on Cannabis Law Report.

Pipp Horticulture Introduces New ELEVATE™ Platform System – Cannabis Business Executive

SpeedWeed

The post Pipp Horticulture Introduces New ELEVATE™ Platform System – Cannabis Business Executive appeared first on SpeedWeed. PRESS RELEASE.

House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. NORML also encouraged leadership to include separate provisions in the Act to permit state-licensed cannabis businesses to be eligible to receive loans and other types of financial assistance via the Small Business Administration (SBA).

Job Position-Director of Business Development CA Clinics Sydney

Cannabis Law Report

The post Job Position-Director of Business Development CA Clinics Sydney first appeared on Cannabis Law Report. NSW $100,000 – $130,000 a year Network of Medicinal Cannabis Clinics focussed on helping patients with chronic conditions who may… Read More.

The Half-Legal Cannabis Trap – Cannabis Business Executive

SpeedWeed

In LA, people are getting arrested for what they think are legit jobs in the pot business. The post The Half-Legal Cannabis Trap – Cannabis Business Executive appeared first on SpeedWeed. Will “decriminalization” just spread the problem nationwide?

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. Sometimes they’re called ancillary cannabis companies, other times they’re called cannabis adjacent businesses. Continue reading Businesses grow around NM medical cannabis producers at The NM Political Report.

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. They may be your prospective business partner. Many of your closest family and friends have been close to you during your business growth. 2. Do You Understand the Financials of Your Business?

Statement: United Cannabis Business Association Re AB1525

Cannabis Law Report

On behalf of the United Cannabis Business Association, we want to thank you for expressing your concerns on AB 1525. The post Statement: United Cannabis Business Association Re AB1525 first appeared on Cannabis Law Report.