Senate Coalition Urges SBA to Support Small Cannabis Businesses

NORML

However, SBA’s current policy excludes small businesses with “direct” or “indirect” products or services that aid the use, growth, enhancement, or other development of cannabis from SBA-backed financing.

Over 40 Members of Congress Request SBA Access For Small Marijuana Businesses

NORML

“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.”

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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.

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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.

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.

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.

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

NORML

The Coalition letter focuses on the need for small business access to the SBA relief funds as an avenue to protect the progress that has been made by minority entrepreneurs in the emerging legal cannabis marketplaces. RE: Protect Minority-Owned Marijuana Businesses and their Workers.

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.

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.

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. Cannabis businesses not eligible for Small Business Administration disaster relief aid.

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.

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. The majority of these businesses are small-to-medium in size.

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

CFN Weekly Psy Index Movement & Psychedelic Business News Roundup

Cannabis Law Report

Psy Business & Law News Partnered With CFNKey Points Psy Index Down 10.7% For the Week Corporate Developments DARPA’S (USA) $US27Million Investment Into Research PsyIndex Weekly Update The PsyIndex fell 10.6% … Read More.

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

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.

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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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.

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

COVID-19: Ontario closing more businesses to combat coronavirus spread

Cannabis Life Network

The post COVID-19: Ontario closing more businesses to combat coronavirus spread appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks. Cannabis shops being closed. Only the provincial cannabis online portal will remain open.

CannaMedU: 2020 FedEx Small Business Grant Contest

Cannabis Law Report

Small Business. FEDEX SMALL BUSINESS GRANT CONTEST GUIDELINES . Share your business’ story. We would appreciate it if you would take the time to look over the grant information find the FedEx small business grant website. VOTE FOR THIS AMAZING SMALL CANNABIS BUSINESS .

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.

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.

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.

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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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).

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.

Bruce Linton-backed psychedelics business Mind Medicine joins NEO Exchange

Cannabis Life Network

TORONTO — Bruce Linton is used to people raising an eyebrow at his business decisions. The post Bruce Linton-backed psychedelics business Mind Medicine joins NEO Exchange appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.

Businesses Thrive Where Marijuana is Legal: Study

CannaMD

Once thought of as a drug that made individuals sluggish and unmotivated, recent studies are finding that marijuana could be good for businesses. Cannabis legalization also attracts many people to the state – which in turn provides a whole new pool of talent for businesses to hire.

Will Cannabis Businesses Get Federal Coronavirus Money? Probably Not.

Canna Law Blog

Right now, economic times are tough for almost every single American and individual business in this country, large or small. Specifically, CARES Act provides $2 trillion in funding to businesses and individuals affect by COVID-19.

Nevada Approves Cannabis Business Insurance Policy

Cannabis Law Report

Cannabis Business Insurance Policy Approved in Nevada.

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

Financing Options for Starting a Weed Business

Otherside Farms

It is very challenging to manage finances in any business, especially when it comes to small businesses. Still, there is a lot of perplexity about cannabis business financing. Financing Options for Weed Businesses. Legal Challenges in Cannabis Business Financing.

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.

Section 17200 of the California Business and Professions Code

Cannabis Law Report

Section 17200 of the California Business and Professions Code includes five definitions of unfair competition: (1) an unlawful business act or practice; (2) an unfair … Read More.

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