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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.
Cannabis companies in California need evidence of California Environmental Quality Act (CEQA) compliance to operate legally. This law ensures that every project that attempts to work within the state adheres to proper environmental standards and that its operations would have no potential adverse effects on the environment.
Is cannabis legal for business purposes in Australia? Importation, cultivation, production, and other activities conducted for medicinal and scientific purposes are lawful under federal Australian law when the necessary licenses and permits have been obtained. How do state and federal cannabis laws interact in Australia?
Choosing the Right Business Entity in the Cannabis Industry One of the most fundamental questions facing any entrepreneur – whether in the cannabis industry or elsewhere – is: What type of business entity should I choose? Will you own 50% of the business, but your partner wants to claim 100% of the early losses?)
Company’s Core Operational Compliance Solutions Helps Cannabis Companies Stay Compliant With Continually Changing Regulations in the State. Together, the solution suite is specifically designed to help cannabis businesses remain compliant under Utah’s medical cannabis laws, as well as manage risks in a cost-effective way.
"Illicit marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.” The post Study: Licensed Cannabis Retailers Are Strictly Complying with ID Verification Laws appeared first on NORML.
Starting a cannabis business can be both exciting and challenging. Lawyers specializing in cannabis law are well-equipped to handle the specific challenges of obtaining a business license and growing your operation.
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 ). Federal law isnt on your side Under federal law, cannabis with more than 0.3% Even some products with 0.3%
The Director, Regulatory Compliance with Green Thumb Industries will lead a team of professionals experienced in cannabis regulatory compliance to support all the company’s operations and ensure each facility and dispensary functions consistently with applicable cannabis laws and regulations and industry best practices.
What strategy are you adopting to meet regulatory compliance in the cannabis industry? As a player in the cannabis sector, you could face hefty fines or even closure of business for lack of compliance. Meeting compliance in the cannabis sector is a challenge with each state passing its own laws and regulations.
The Illinois Department of Agriculture (IDOA) and Division of Cannabis Regulation today issued a compliance alert for cannabis transporters in Illinois. Product cannot be held overnight by licensed cannabis transporters. Transporters are subject to random inspections by the Department, DPH, and ISP.
Company’s Core Operational Compliance Solutions to Take the Guesswork Out of Confusing, Continually Changing Regulations for Businesses in Growing Cannabis Market. Simplifya SOPs are designed to help ensure cannabis businesses are efficiently, effectively and legally running. August 12, 2021 08:00 ET | Source: Simplifya LLC.
Compliance – what does it mean? Compliance is a strategic concept that must be actively managed to push the business forward. Cannabis Compliance is a broad term used to describe the relationship between operations and applicable regulations. We apply our entirely subjective bong score to each event.
Per the release distributed by Senator Wyden : Wyden and Blumenauer’s State Cannabis Commerce Act would make these existing protections permanent and expand them to include all cannabis producers and consumers in compliance with state law. and tribal communities.
Simplifya Offers a Suite of Comprehensive Compliance Solutions for Cannabis Businesses in New Mexico Ahead of Adult-Use Sales Launch. Company’s Proven Compliance Solution Helps Cannabis Operators Stay Compliant as State Readies Adult-Use Market. They outline best practices and processes for the clients’ entire organization.
We’ve been writing a lot lately about recent major changes in federal hemp laws that will likely affect every hemp company in the United States (see here , here , and here ). privacy law to date. ” A business derives at least 50 percent of its annual revenues from selling consumers’ personal information.
Our company is seeking a Compliance Manager who can analyze our business method and insure that our operations are in compliance with all local, state … Read More. The post Compliance Manager Cali Distribution – San Francisco, CA first appeared on Cannabis Law Report.
Cannabis businesses are usually structured as limited liability companies (LLCs)and for good reason. Unless the business has a highly customized structure or multiple classes of equity with distinct rights, a straightforward agreement is usually sufficient. In some states operating agreements are required by law.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with the new online portal for cannabis businesses. The first announcement stated that Illinois is set to streamline cannabis business operations with the launch of the new online licensing portal (see following article about paperless system ).
introduced a never-before-seen bill—the Capital Lending and Investment for Marijuana Businesses Act (“the CLIMB Act”). What Business Services Would the CLIMB Act Protect? 8200 intends for a broad interpretation so that cannabis and cannabis-related companies are put on an even playing field with traditional business operations.
18, 2022 /PRNewswire/ — Burns & Levinson announced today that Max Borg has joined the firm as a partner and Douglas Ginn has joined as an associate in its fast-growing, nationally-known Cannabis Business & Law Advisory Group. magna cum laude , from Brooklyn Law School, and his B.A. and abroad.
The Illinois Cannabis Regulation Oversight Officer (CROO) released a notice for cannabis business licensees concerning packaging and labeling products. The responsibility is on the licensee to ensure compliance.” Lastly, the notice lists State resources for the law and labeling requirement for licensees.
Fyllo are getting busy. The post US Compliance Company Fyllo Acquires Marketing & Loyalty Tools Outfit Data Owl first appeared on Cannabis Law Report. It’s looking as though they are ramping up for changes in US Federal legislation throughout 2021-2022… Read More.
The Illinois Department of Agriculture (IDOA) recently released two press announcements dealing with new online portals for cannabis businesses. The second announcement (see previous article for first announcement ) focused on the implementation of a paperless registration system for cannabis businesses. See Extension Announcement.
As the legal cannabis industry suffers through a period of distress brought on by global economic woes, along with punitive taxation structures and an oversaturation of products, and plummeting prices, there has naturally been an uptick in internal cannabis business disputes. Cannabis Business Agreements and Structures. Separation.
Shield Compliance ([link] a comprehensive compliance management platform for banking cannabis-related businesses, announced the appointment of Doug Fieldhouse to its… Read More.
consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets. Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. As perhaps one of the most talked-about topics for U.S.
There are many ways to set up a cannabis business, and we like to think that we’ve seen them all. But there’s probably no worse category than 50/50 ownership of a business– a recipe for all sorts of disasters. Most partners are aligned at first, but over time a business will have its ups and downs. This is bad!
Cannabis Compliance – Stories from the Trenches. Thursday, JULY 15, 2021 from 6:00 PM – 9:00 PM est. Seminar from 7 – 8PM est. Hi Sean, Compliance – what does it mean? Compliance is a strategic concept that must be actively managed to push the business forward. in person, via Zoom or recorded.
Currently, the Cannabis Compliance Board, known as the CCB, serves as Nevadas cannabis regulatory agency. If you are operating a legal cannabis business in Nevada, your company must follow the state regulations, enforced by the CCB as well as any applicable local jurisdiction ordinances.
Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. It also did not normalize federal taxation for businesses within the sector.
Licensees now have until July 1, 2025 , to ensure compliance with updated product registration requirements. To ensure compliance, all legacy product registrations must be updated to include complete product details and required uploads, identical to new online registrations.
As the application process for cannabis businesses gets underway, officials from the Department of Public Health and Social Services and the Department of Revenue and Taxation are working to iron out inconsistencies in the law relating to cannabis-infused food products. 26, 2022. Rick Cruz/PDN. Apply for a permit to operate.
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. The bill now heads to the Governor. CA resident?
As the Michigan cannabis industry continues to grow and mature, medical and adult-use licensees would be well served to take proactive steps to ensure compliance with Environmental, Health and Safety (EHS) regulations. Further, the MRA’s administrative rules, Mich Admin Code, R 420.14(4)(c), 4)(c), 420.14(5), Mich Admin Code, R 420.14(6),
This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law.
Gravis Law, PLLC expands its Rocky Mountain regional presence with Bozeman Attorney Christopher Young. Now with offices in Bozeman, Kalispell, and Whitefish, Gravis Law offers a full-suite of legal services to people and communities throughout the region. We’re very excited to welcome Chris Young to Gravis Law’sBusiness Team.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Governor John Bel Edwards (D) of Louisiana signed legislation into law giving patients the option to inhale medical cannabis through vaporization.
The landscape of medical marijuana laws in the United States is complex and continually evolving. With federal and state regulations, varying laws by state, and ongoing updates, it’s crucial to have a comprehensive understanding of this ever-changing field. Idaho: Idaho has strict marijuana laws and does not have an MMJ program.
At the state level, Governor Brian Kemp (R) signed legislation into law to facilitate regulations governing the licensed production and distribution of oils and other products containing limited amounts of plant-derived THC. Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law. CA resident?
Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies. As a result, many hemp businesses in Colorado have continued selling products that exceed the legal THC thresholds, gambling on limited enforcement.
Segall and Scott Moskol of Burns & Levinson, and Terry Neeley of West Coast AML Services, a top compliance advisor to cannabis lenders, will address how cashless ATMs and blockchain payment options may violate credit card company policies and expose dispensary operators, customers, and their banks to potential claims.
The Humboldt County Grower’s Alliance, in partnership with the Origins Council, hosted a conversation Thursday surrounding compliance with new state guidance for cannabis trade samples and medical cannabis donations.
At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. AL resident?
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