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Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
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.
In the previous Congress, The Ending Federal Marijuana Prohibition Act became the first bill in American history to end the federal policy of criminalization that earned bipartisan support. Marijuana legalization is here to stay and it is time that federal policy reflect that.” ” said NORML Executive Director Erik Altieri.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. This is not just good policy, but good politics. As long as marijuana remains a Schedule I substance, federal policy remains ignorant of this fact.
Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.
” Tiffany Devitt’s response: As Cheech & Chong are well aware, businesses are subject to federal and state laws. It was crafted to provide accountability and transparency throughout the supply chain with lab testing, track-and-trace programs and tax collection mandated. Theres no ambiguity or loophole.
It is a scenario that frustrates legal cannabis businesses and law enforcement alike. The surge in cannabis policy reform across the country and world may have caused many to anticipate a heavy blow to illegal operators, and black-market activity did experience an initial decline.
While we’re on the topic of dramatic legal changes, it’s probably a good idea to talk about a California privacy law that’s about to take effect and require many cannabis and hemp companies across the nation to dramatically change their business practices—the California Consumer Privacy Act (or “CCPA”).
Next year promises to be a pivotal year for cannabis policy reform. In addition to the 2020 Presidential election in November, voters will also be deciding that same day on several state-level marijuana policy initiatives. With this in mind, we are seeking guidance regarding how we can more effectively serve our membership.
The mission of the United Cannabis Business Association is to establish a comprehensive, statewide cannabinoid policy. It is in that same spirit that UCBA has spent the last three years advocating for responsible consumable hemp policy. Such a policy includes equal safety testing requirements to protect public health.
According to the county Land Use & Environment department, the review process “would cover the broadest scope of cannabis operations … (and) begins the work to open the cannabis industry’s commercial opportunities to more businesses.” both in San Diego.
DALLAS–(BUSINESS WIRE)– $ACB #GENH –Generation Hemp, Inc., a Dallas/Fort Worth based midstream hemp company (OTCQB: GENH) and its wholly-owned subsidiary, GENH Halcyon Acquisition, LLC (collectively the “Company”), today announced that its Chairman and CEO, Gary C. Generation Hemp Chairman and CEO, Gary C.
Hybrid Financial has agreed to comply with all applicable securities laws and policies of the TSXV, and any other exchange upon which the Shares are traded, in providing its services. EDMONTON, AB , June 2, 2021 /CNW/ – Nova Cannabis Inc. is available at www.sedar.com and the Company’s website at www.novacannabis.ca.
Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. Read More at .
Since that policy shift, a drug with public safety stigmas has essentially given the city some advantage on bridging funding gaps in historically underfunded priorities, and has even earned praise from the Orange County Grand Jury in a new June 3 report.
Judges are frustrated, businesses are losing money, and lawsuits that should never have been filed are clogging up the courts. If you run a cannabis business, you need to know why this is happeningand how to avoid becoming the next case on the docket. Cannabis litigation is exploding. Why Are There So Many Cannabis Lawsuits?
Although not specifically about the cannabis sector this paper talks about developing agri-businesspolicies that will work for Africa and not multinationals that are foreign-owned. Agenda 2063 is Africa blueprint and master plan for transforming Africa into the global economic powerhouse in the near future.
The Fireside Chat series of NCIA’s #IndustryEssentials webinars are an exclusive monthly opportunity for NCIA members to hear from our government relations team and guests about the latest developments in federal policy LIVE. Clearly, policymakers are interested in cannabis tax policy, but to what end? How is the IRS enforcing it?
We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. Some of the outcomes we’re interested in looking at, is what kind of cannabis are they using?
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. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Here’s what they say.
PORTLAND, Oregon—March 1, 2023—Regulatory compliance firms Allay Consulting and The GMP Collective are joining forces amid the rapid national growth of the cannabis, hemp and emerging psychedelics sectors, with a focus on current Goods Manufacturing Practices (cGMP) compliance.
But there is some other news: the IRS seems likely to increase auditing of marijuana businesses, and Epidiolex has been removed from the controlled substances list. Industry grou ps are advocating that marijuana businesses be included in that legislation. In Canada, cannabis businesses are eligible for federal government relief.
The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.
The new Cultivar Collection from Trulieve demonstrates how a multi-state player can stay craft at its core. But that’s exactly what’s happening for this seed-to-sale leader that’s paving the way in the business. Crafting the Cultivar Collection. The proof is in the pudding with Trulieve’s new Cultivar Collection.
Drug Enforcement and Policy Center, August, 2022. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Ohio State Legal Studies Research Paper No. Cat Packer.
What constraints does the MRTA place on the location of these businesses? Applicants who do not qualify as social or economic equity applicants should be considering how their operations might meet the policy goals of MRTA, because the legislation’s licensing framework includes several criteria focused on social and economic equity.
Collectively, the four aforementioned newly legal states are projected to earn $4.5 Let’s take a look at some key business details and projections for those newly legal states: 1. Legal Cannabis Business Framework . Legal Cannabis Business Framework . billion in annual sales by the fourth year of operation. Connecticut.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020.
Lesotho’s Prime Minister, Dr Moeketse Majoro and six cabinet members visited Bophelo on 19 May 2021 where they met Louisa Mojela, Bophelo’s founder and now chairperson of its Toronto-based owners, Halo Collective. Bophelo is the first cannabis business globally to be part of a special economic zone that brings significant benefits.
For starters, this case clarifies that the federal government can neither force the states to enforce federal marijuana policy, nor can they prohibit the states from implementing or revising their own marijuana policies. The federal government just cannot prescribe what shall be orthodox in marijuana policy.
Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Additionally, minority- or women-owned businesses held 63% of craft grower, 61% of infuser, and 74% of transporter licenses. Black loan applicants face higher bank loan denial rates.
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. About half those are “only one or two payments behind,” the report states.
Director of Policy (Deputy Director, NS) #10901. The Policy Director will also oversee the development and implementation of the Office’s public health educational campaign as well as the monitoring, surveillance, and reporting on key metrics related to the impacts of cannabis legalization. Range From $112155 to $141538 Annually.
Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.
The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. A new report from the Marijuana Policy Project shows that states have collected $7.9
Sales taxes collected at Illinois cannabis dispensaries totaled more than $490 million in 2024, per the Illinois Department of Revenue. The continued success of adult use cannabis sales highlights how equity-focused policies can create meaningful change, said Lt. Governor Juliana Stratton. February: $135,571,931.44 March: $148,872,065.12
The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow “…access to financial services to cannabis-related legitimate businesses and service providers…” The language is from the SAFE Banking Act passed by the House last year. ” sba loans. montana update.
“We are delighted to be expanding our Craft Cannabis Collection in the Province of Ontario – Canada’s largest and fastest growing recreational cannabis market,” stated Sugarbud’s CEO, John Kondrosky. We Take Pride. We Take Our Time………….
The Core Business delivered strong organic growth 13 in H1 2021 (17% year-on-year) despite some of Eurofins’ businesses remaining affected by lockdowns during H1 2021. With organic revenues 13% above H1 2019 in H1 2021, Eurofins’ Core Business is once again leading the TIC industry in terms of organic growth.
Leading document collection and review, the incumbent is responsible for document quality and adherence to applicable regulations in collaboration with the submission and review team(s). He/ She is the point of contact for regulatory submission/ registration business partners. Proficiency in English; additional languages are an asset.
If you’re wondering why Illinois has succeeded where New York and New Jersey failed, the Marijuana Business Daily has a great piece discussing that very phenomenon. The governor signed a bill allowing the export of marijuana, but there’s no federal policy allowing interstate transport. But that might be about to change.
The successes of cannabis businesses are now a part of the mainstream conversation and considered big business, while the rights and protections for medical cannabis patients have been sidelined. So while a cannabis business can join their local chamber of commerce, a patient in hospice can be denied access to medical cannabis.
Employers are not prohibited from establishing or enforcing drug testing policies, including drug-free workplace policies, or requiring a worker to disclose that they are a medical marijuana card holder. New Mexico. Since June 29, 2021, adult recreational use of marijuana has been legal in New Mexico. Philadelphia, PA.
Medicann is launching an observational study using RYAH Smart Dry Herb Inhalers in order to collect patient feedback on consumption of cannabis strains available on the Island, including strains supplied by Aurora Europe , a subsidiary of Canadian-headquartered Aurora Cannabis Inc., Forward-Looking Statements.
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