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Our cannabis business attorneys regularly handle transactions involving the purchase and sale of licensed cannabis businesses. State and local law and compliance This is the number one priority. Laws and compliance obligations for cannabis businesses can vary widely by state, county, and city.
For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). That can trigger licensing obligations, background checks, or other compliance requirements. Were here to help.
SB 5318 forces the Washington State Liquor and Cannabis Board (“LCB”) to make some major institutional changes, requiring the LCB to work with licensees on compliance matters and limiting the LCB’s ability to issue violations. I wrote about this bill back in April when it was awaiting Governor Jay Inslee’s signature.
Today we address disqualifying criminal history for the purpose of participating in the hemp industry. The EIN number of the business entity. Applications for a producer license – whether submitted to the USDA, a State, or a Tribe – must be accompanied by a completed criminal history report for each key participant.
This week, history was made. Also this week, the House Committee on Small Business held a hearing 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. CA resident?
Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first… Read More.
Earl Blumenauer, an Oregon Democrat carrying the current bill in the House, said voters have “elected the most pro-cannabis Congress in American history.”. It would also reduce barriers for legal marijuana businesses to get access to banking. A proposal similar to Wyden’s previously languished in the Senate and House. However, Rep.
When you additionally factor in decriminalization and marijuana-specific CBD laws, there is, in fact, only 4 states in this entire country that are actually in compliance with federal law and the controlled substances act. This tension between state and federal laws is and remains untenable.
Since the pandemic started, the business industry has gone through numerous changes. In short, it’s become a lot harder to manage a business. . However, there are certain types of businesses that, rather than losing customers, gained a considerable number instead. Mom-and-pop shops started closing one after another.
One of the biggest advantages to legalization in Canada is the advantage of marijuana compliance. Throughout history, we’ve seen the consequences of “cutting corners,” ignoring rules or simply following the bare minimum (which leaves no margin for error). Marijuana Compliance Ensures Security. This applies on every level.
” and he will be discussing the following: A brief history of the U.S. As the emerging legal cannabis industry quickly evolves and federal risks have decreased, Mr. Feldmann’s focus has shifted to advising his marijuana business clients on achieving and maintaining strict compliance with state-by-state rules and regulations.
Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. Closing Can Be Chaos.
Ethical and legal snags abound for lawyers representing cannabis industry clients in the growing number of states where weed is legal, requiring extra due diligence to ensure compliance, attorneys familiar with the rapidly evolving business tell Bloomberg Law. The land mine is federal law, which still outlaws pot.
–(BUSINESS WIRE)– PSI Labs , an Ann Arbor, Michigan-based ISO 17025 accredited Safety Compliance Facility that provides essential cannabis testing services, today announced its expansion into Southern California with the acquisition of pH Solutions, LLC. MONROVIA, Calif.–(BUSINESS CEO and Co-Founder of PSI Labs. “We
As part of the process to launch Missouri’s new medical marijuana program, the state received 2,266 marijuana business applications filed by at least 700 different groups. It awarded 60 licenses to grow marijuana, 86 to make marijuana-infused products and 192 to open dispensaries. NEWS PROVIDED BY. Oaksterdam University .
Grow Biotech’s team of specialists worked alongside doctors to address their concerns regarding quality assurance and compliance for the prescriptions they have written, bridging the gap between existing cannabis medicines and accepted pharmaceutical standards. And even then they risked having it seized at customs.
Canadian-based licensed producer Medcann made history this August. This effectively keeps the “mom and pop” businesses afloat, offering security and making a “…positive social impact with sustainable formal employment” at a low production cost. WeedAdvisor’s Support for Medcann’s Practices. .
Hudson County Community College will offer cannabis business degree and certificate programs, along with a state licensing workshop, starting this summer. The HCCC New Jersey Cannabis Licensing Workshop is a four-week, non-credit program that provides an overview of what is needed to apply for and operate a state-licensed cannabis business.
A number of cannabis cultivators in the Emerald Triangle proposed the “Mendocino Appellations Project” a few years back, but MAUCRSA, via Business and Professions Code Section 26063(b), required the CDFA to develop the process by which state-licensed cannabis cultivators may establish appellations of origin by January 1, 2021. “A
See my site for Anodyne ADR: www.AnodyneADR.com. I have special expertise in cannabis law, and a unique history of trying many different types of cases over nearly 25 years, so if a knowledgeable neutral is needed to set expectations in a cannabis related dispute here or in another state, I’m your gal. Just let me know.
Regulatory compliance (past and present) is difficult to confirm. This is important both to verify compliance with applicable license requirements and to identify any risks that could result in the revocation or non-renewal of the license. Sander Zagzebski. Pay particular attention to the company’s real estate portfolio.
Additionally, many dispensaries operate as cash-only businesses, which makes them vulnerable to robbery. In addition to these risks, there is also the threat of regulatory compliance violations. Finally, security cameras can provide peace of mind for both business owners and customers.
Since New York’s Office of Cannabis Management (OCM) and Cannabis Control Board (CCB) issued and approved regulations regarding conditional retail dispensary licenses for the general public , businesses should start thinking about how they will incorporate social equity programs into their business plans.
It’s no secret that California’s cannabis operators are currently in a regulatory and business environment where red tape, the illegal market, and significant taxes make life hard. As a brief history primer, California is a very strong local control state when it comes to cannabis.
As we dive into the formation and operation of a cannabis business, we need to make a shameless plug for an article that is about how we think our clients can make the best use off our services. The core team of advisors should be selected, the composition of which will vary according to the size, nature and operations of the business. [We
–(BUSINESS WIRE)– Weedmaps , a leading online listings marketplace for cannabis consumers and businesses from WM Technology, Inc., Along with ordering on the Weedmaps iOS app, consumers will be able to review their order history and can chat with a customer support representative in real-time. IRVINE, Calif.–(BUSINESS
Media outlets like Marijuana Business Daily , however, obtained more information from CannTrust and offer a more complete picture. CannTrust recently received a compliance report from Health Canada notifying the Company that its greenhouse facility in Pelham, Ontario is not compliant with certain regulations. Magnitude of Impact. .
It’s essential to be aware of the specific laws in your state to remain in compliance. Understanding MMJ regulations on a state-by-state basis is essential for both patients seeking access to MMJ and the businesses and professionals operating within this industry. These businesses are responsible for distributing MMJ to patients.
First, a brief history. . And as strange as it may seem, this was a radical departure from what the WSLCB had been charged with in it’s history up until that point. In fact, there is currently a Bill that has a great shot at passage that would fundamentally change the way the LCB conducts “business”, ESSB 5318.
Other language exempts licenses cannabis testing facilities authorized under the “Act to transport cannabis from licensed cannabis business establishments to the licensed cannabis testing facility and are exempt from the transporting organization license requirements.” For more Illinois cannabis industry news, visit here.
federal government has recognized hemp as a viable crop and taken measures to legalize it, each state has set its own specific laws and compliance measures around the plant. The History of Hemp Regulations in Hawaii. When it comes to hemp—and the world of cannabis in general—frequent and chaotic changes are the name of the game.
The South American country has a rich cultural history of cannabis use, with indigenous communities using it for medicinal, spiritual, and cultural practices for centuries. The government recognizes and respects these cultural practices while enforcing regulations to ensure compliance with legal boundaries. Is weed legal in Peru?
The case primarily involves recordkeeping, compliance with reporting requirements, and the maintenance of a comprehensive system of internal accounting controls. 1 Alterman should be read by anyone contemplating engaging in commercial business within the cannabis industry. 1 IRC §6651(a)(1). 301.6651-1(c); U.S.
a managing partner at Denver-headquartered Feldmann Nagel Cantafio Margulis Gonnell PLLC, where he serves as an adviser to the cannabis industry’s largest and most profitable businesses. I guide my law firm’s clients through the maze of regulation to foster secure, profitable businesses.
“We’re thrilled to welcome Maggie as an accomplished founder to our executive team as we continue scaling our vertical business in California ,” said Erich Pearson , CEO of SPARC. SPARC’s dedication to the customer experience extends to excellence in compliance and retail operations.
a business management and regulatory consulting firm, she led numerous Licensed Producers in achieving regulatory compliance and streamlining business operations. I look forward to leading the Lophos team and respectfully adding to Peyote’s proud history,” said Claire Stawnyczy, CEO of Lophos. “We
However, from the business decision vantage point, they’re not all that necessary. But first, a little history. Getting paid from licensee to licensee in California can be a massive challenge because it’s expensive to run a licensed cannabis business and margins are typically not great at any volume.
Several business units of Avicanna’s vertically integrated infrastructure are positioned to benefit from the new regulatory framework set out in Decree 811 of 2021. Expected benefits to Avicanna’s business units and infrastructure in Colombia. Initial shipment of THC extracts into the European Union.
Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law. Full report: [link].
“The inaugural Hemp Grower Conference will be an opportunity for hemp industry stakeholders to come together to learn valuable market insights and discover grower-specific innovations and technology solutions that will bolster their businesses,” said Group Publisher Jim Gilbride. Louis Vega, Founder and CEO of ¡WEPA! View original article.
In Part 1 of this two-part series we discussed the Washington State Liquor and Cannabis Board’s (“LCB”) proposed rules stemming from SB 5318, which passed last year and forced the LCB to transition from an enforcement-first policy to a compliance-first policy when handling violations. Category II.
Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. have a long history rooted in protecting workers from dangerous and unfair work conditions. Background on Labor Unions in the U.S. Labor unions in the U.S. million U.S.
In July, a pair of Ohio lawmakers introduced what was said to be the first bill to legalize and regulate the cultivation and sale of marijuana in the state’s history. But while the state’s medical marijuana law continues to evolve, efforts to legalize recreational pot use have been slow to get off the ground. .
Pesticide Compliance in the Cannabis Industry. Pesticide Use in the Cannabis Industry. These resources, developed in cooperation with the International Cannabis Bar Association, will be distributed at the 2d Annual National Cannabis Policy Summit this Friday in Washington, D.C.
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