Veriheal

SEPTEMBER 23, 2021

Cannabis; it’s smoking hot right now. As the fight for legalization continues across the nation, more and more entrepreneurs are jumping for a spot in the flourishing industry. cannabis industry is estimated to be worth $61 billion as of 2021. billion by as early as 2027. According to Flow Hub , the U.S.

Business 97

Business Access Cannabis Therapy 97

Canna Law Blog

FEBRUARY 28, 2022

businesses are marijuana related businesses (MRBs). I’ve written that in cannabis years, the FinCen Memo is as old as dirt and reads like a relic of a bygone era. The closest we have to a federal framework is from this 2018 SBA Policy Notice , which categorizes MRBs as “direct”, “indirect”, and “hemp-related businesses.”

Banking 98

Banking Business Marijuana Hydroponic 98

SpeedWeed

SEPTEMBER 2, 2021

Cannabis reform activists in Ohio can now circulate petitions for a cannabis legalization measure after receiving permission to begin collecting signatures to place the proposal before lawmakers. ounces of marijuana and 15 grams of cannabis concentrates. Earlier Ohio Petition Nixed By AG.

Collective 53

Collective Programs Cultivation Cannabis 53

Dykema (Cannabis Law Blog)

NOVEMBER 16, 2022

According to the Cannabis Regulatory Agency, the average price of one ounce of marijuana in December 2020 was $350.88. This rapid price compression puts tremendous pressure on many marijuana businesses as they face greater competition with ever-slimming margins. In contrast, the average price fell to $109.22 in September 2022.

Business 84

Business Legalization Marijuana Collective 84

Veriheal

FEBRUARY 15, 2024

When underground cannabis shops are raided, what happens to the products in the store? Ten Los Angeles-based cannabis businesses were recently raided. Collectively, the ten dispensaries owe more than $14.4 Collectively, the ten dispensaries owe more than $14.4 million in unpaid taxes. million in unpaid taxes.

Collective 100

Collective Dispensary Cannabis Strains 100

Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

Collective 52

Collective Banking Access Dispensary 52

Cannabis Law Report

AUGUST 23, 2021

PATERSON — Mayor Andre Sayegh has vetoed the City Council’s ban on recreational marijuana businesses, saying he does not want Paterson to fall behind other municipalities in the race to cash in on legalized cannabis. “We He put the city in jeopardy,” said Councilman Luis Velez. Now the state can do whatever it wants.”.

Business 103

Business Marijuana Collective Recreational 103

Cannabis Law Report

JULY 7, 2022

Budding Antitrust Activity in the Cannabis Industry: Lessons from Richmond Compassionate Care Collective v. As the cannabis industry continues to blossom from the backwoods into a multi-billion dollar bonanza, the antitrust spotlight is poised to increasingly shine on the industry’s many players. Posted November 2, 2021.

Collective 52

Collective Dispensary Law Legalization 52

MJ Business Attorneys

JULY 24, 2019

Areas that have approved the sale of cannabis still deal with a “gray market” where legal and illegal marijuana markets coexist. It is a scenario that frustrates legal cannabis businesses and law enforcement alike. This includes storefronts that sell cannabis despite lacking the proper licenses.

Legalization 178

Legalization Marijuana Policy Business 178

The Herb Collective

JULY 2, 2023

The legalization of cannabis in many parts of the world has led to significant growth in the industry. As more people become aware of the benefits of cannabis, there's an increased demand for various cannabis products in the market.

Dispensary 52

Dispensary Business Hybrid Environment 52

Greenspoon Marder Cannabis Law Group Blog

JANUARY 11, 2021

By: Rachel Gillette – Partner & Chair, Cannabis Law Practice. Around tax time, I get this question a lot: “What is my cannabis business’s NAICS code or Business Activity Code?” It’s used by Federal statistical agencies for the collection and analysis of statistical data related to our economy.

Business 58

Business Seed-To-Sale Collective Data 58

Veriheal

MARCH 9, 2023

states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizing recreational cannabis this year. However, the use and possession of cannabis remain illegal under federal law for any purpose as per the Controlled Substances Act of 1970 (CSA) , which classifies cannabis as a Schedule I substance.

Recreational 104

Recreational Legalization Programs Concentrates 104

WeedAdvisor

JULY 15, 2019

Owning a business is never easy. businesses enjoy is the ability to deduct certain expenses, providing a notable tax break once the IRS comes to collect its due. Unfortunately – according to the Los Angeles Times – this is not the case for cannabis retailers. On paper, the IRS opposes legal marijuana enterprises.

Business 76

Business Law Legalization Marijuana 76

NORML

SEPTEMBER 25, 2019

Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of 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. Now we look to the Senate, where we are cautiously optimistic.

Legislation 278

Legislation Retail Banking Advocacy 278

Canna Law Blog

MARCH 17, 2022

A few weeks ago, California lawmakers quietly introduced SB-1326 , a bill that would amend the Medicinal and Adult-Use Cannabis Regulation and Safety Act ( MAUCRSA ) to legalize interstate cannabis sales, notwithstanding the status of federal law. Mandate that the agreement include provisions for collection of applicable taxes.

Legalization 95

Legalization Safety Legislation Cannabis 95

Veriheal

JANUARY 25, 2022

The board’s decision—which was made based on gaps in the 2018 Farm Bill that federally legalized hemp—is outlined in the document from its 901st meeting. or less THC) are still legal, the new stance effectively banned CBD and other hemp-derived products, such as delta-8 THC. Differing Interpretations of Hemp Legality.

Hemp 98

Hemp Business CBD Seed-To-Sale 98

Cannabis Law Report

JUNE 4, 2022

California’s business tax collector is ramping up enforcement against unlicensed and licensed cannabis companies, which owe the state nearly $200 million in unpaid taxes. Legal businesses, meanwhile, are facing stepped-up efforts by the state as well. It was the agency’s third auction in three months. Full article.

Business 52

Business Collective Cannabis Retail 52

Canna Law Blog

JUNE 29, 2022

Complying with cannabis business regulations presents a challenge for start-ups and smaller firms. This is especially true in the cannabis industry. Some industries, like cannabis, suffer from over-regulation, overwhelming smaller businesses with the legal costs of compliance.

Business 71

Business Advocacy Policy Legislation 71

Canna Law Blog

MARCH 13, 2024

If you own a cannabis business, a major consideration is where to keep your money. Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis growers and dispensaries.

Banking 82

Banking Business Cannabis Compliance 82

Cannabis Law Report

JUNE 9, 2022

Treasury Department is proposing to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Read full report.

Data 52

Data Business Banking Collective 52

Veriheal

SEPTEMBER 9, 2021

The cannabis industry has been on a progressive incline for the last few years and 2021 is no exception. In fact, this year looks set to be one of the most successful years for cannabis reform in the United States so far. . Collectively, the four aforementioned newly legal states are projected to earn $4.5

Legalization 109

Legalization Recreational Business Retail 109

Canna Law Blog

JANUARY 7, 2022

Across practices, we are seeing the internet turn into a menace for businesses dealing with law enforcement and regulatory agencies. Risks are present for entities of all stripes, but cannabis businesses in particular need to beware of the Internet and what it says about them. Hemp CBD businesses need to beware of the Internet.

Business 71

Business Media Hemp CBD 71

Cannabis Law Report

AUGUST 3, 2021

After the state legalized recreational marijuana in March, the lawmakers and advocates who pushed for the law have been criticizing Gov. While most of the state still needs to wait a year or more before sales can begin, some Native American tribes are already moving ahead with legal pot in their territories. City & State NY report.

Legalization 105

Legalization Cultivation Recreational Compliance 105

Cannabis Law Report

JULY 7, 2022

Patent Enforcement in the Cannabis Industry – Litigation Heats Up as Competitors Jockey for Market Position. The buzz of the cannabis industry has brought with it significant competition. The “green rush” of legalization produced a small group of legitimate competitors in both the consumable and pipe spaces. UCANN”) v.

Collective 52

Collective Hemp Extraction Terpenes 52

Cannabis Law Report

DECEMBER 2, 2021

Legal marijuana sales are pushing local government budgets to new highs. Taxes from legal sales are a welcome boost to government bottom lines. Because the City of Tucson is able to collect ordinary sales tax on marijuana sales as well as a share of the special marijuana tax the city is expecting about $9.7

Legalization 105

Legalization Safety Collective Programs 105

SpeedWeed

MARCH 12, 2021

They don’t make cannabis products like they used to, and there’s an increasing number of Colorado lawmakers who think that’s problematic. As recently as 2014, the vast majority of medical and recreational cannabis sold in Colorado was flower and only 11% was the high-potency concentrates consumed through dab rigs or vape pens.

Recreational 52

Recreational Business Law Legalization 52

Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. SOURCE US HEMP ROUNDTABLE.

Banking 52

Banking Hemp Business Access 52

Cannabis Law Report

JANUARY 9, 2022

Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. 46,104,922.

Collective 52

Collective Policy Retail Programs 52

SpeedWeed

MARCH 21, 2021

New York State is on the cusp of legalizing cannabis for recreational use. Initially put forth in the 2019 legislative session, legalizing recreational marijuana took a backseat to more wide-ranging criminal justice reforms, as New York overhauled state bail and discovery practices. Where does this legislation fall short?

Business 52

Business Legalization Consumption Legislation 52

Cannabis Law Report

JULY 29, 2021

When it comes to buying a cannabis enthusiast’s home, the resale value research is less clear, though 30% of realtors say they have struggled to sell a house where cannabis was grown. Legal cannabis raises home value. There’s been a lot of chatter surrounding cannabis and the real estate market. Key Findings.

Data 116

Data Legalization Education Programs 116

Cannabis Law Report

SEPTEMBER 22, 2022

Whether affecting the amount of time a child would spend with the parent (physical custody), or a parent’s ability to make decisions for the health, education and welfare of the child (legal custody), a positive toxicology result slammed the door shut. This does not mean it is open season for cannabis consumers and patients.

Business 52

Business Legalization Law Supply Chain 52

Cannabis Law Report

JUNE 22, 2021

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

Collective 64

Collective Research and Development Cultivation Cannabis 64

Cannabis Law Report

JULY 9, 2021

In a large-scale study led by the Marijuana Policy Project, the organization compiled information from all 19 states that legalized recreational marijuana, as well as Washington D.C. Cannabis Revenue Outpaces Alcohol. it is less profitable than legal cannabis, the study reveals. In 2018, alcohol brought in less than $7.5

Legalization 105

Legalization Recreational Collective Cannabis 105

Cannabis Law Report

OCTOBER 12, 2019

Newsweed report… While cannabis is not really a political issue in Finland, a citizens’ initiative has taken up the subject and proposes to decriminalize cannabis in Finland . The KK2020 campaign is driven by more than 200 activists in the country and about 20 small businesses support it. Source: [link].

Collective 40

Collective Research and Development Legalization Hemp 40

Cannabis Law Report

OCTOBER 25, 2021

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. According to a report shared with the Oakland Cannabis Commission on Oct.

Collective 52

Collective Compliance Compliance Marijuana 52

Veriheal

NOVEMBER 10, 2023

Is it possible to survive without any friends in the connection-dependent cannabis industry? These are the questions a Denver consumption lounge must now contend with after they were exposed for throwing fellow Denver cannabis industry businesses under the bus.

Events 113

Events Consumption Business Cannabis 113

SpeedWeed

AUGUST 30, 2021

Kind Idaho Chair Jackee Winters is laser-focused on qualifying the group’s medical cannabis legalization initiative for the state’s 2022 ballot in order to help her daughter, who suffers from a brain tumor, get legal access to cannabis. There are people here who suffer, and we’re behind the times.

Legalization 80

Legalization Collective Decriminalization Dispensary 80