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Illicit marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.” The post Colorado: Compliance Check Data Confirms That Retailers Aren’t Selling Marijuana to Minors appeared first on NORML. “Regulation works.
In the never-ending loop of federal marijuana reform debates, one crucial fact keeps getting overlooked: the Attorney General (AG) has the power to reschedule marijuana. 811(d)(1) , the AG can unilaterally reschedule marijuana to better align U.S. In other words: AG Bondi could reschedule marijuana tomorrow.
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. DENVER, Aug.
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.
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.
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.
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. The specific licenses required for your cannabis business will depend on the type of operation you’re running.
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.
Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. While these two bills are overtly about addressing the failures of marijuana prohibition, what they are truly about is accepting reality.
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 ). THC (that is, marijuana) is still classified as a controlled substance. Even some products with 0.3%
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.
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.
introduced a never-before-seen bill—the Capital Lending and Investment for MarijuanaBusinesses 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.
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.
Unregulated marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.". The post Colorado: Licensed Marijuana Retailers Compliant with Minimum Age Restrictions appeared first on NORML. “Regulation works.
A top official with the Internal Revenue Service (IRS) is taking steps to help marijuanabusinesses stay compliant with their taxes under … Read More. The post IRS Official Notes Marijuana Legalization’s Momentum In Tax Compliance Webinar For Industry first appeared on Cannabis Law Report. Marijuan Moment reports.
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), 4)(c), 420.14(5),
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”).
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.
Fighting Investment Fraud in the MarijuanaBusiness Industry. with defrauding investors about returns in cannabis businesses after Greenview used misleading marketing materials to raise over $3 million from investors. The Ongoing Battle of Marijuana Investment Fraud.
After the 2016 election, Nevada legalized recreational cannabis, in addition to the states medical-marijuana program. Currently, the Cannabis Compliance Board, known as the CCB, serves as Nevadas cannabis regulatory agency. As a result, possession and consumption of cannabis by adults became legal in January of 2017.
House of Representatives just voted to restrict the Department of Justice from interfering with the states that have legalized adult-use marijuana. Legislation is pending, Senate Bill 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. CA resident? DE resident? Massachusetts.
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. Six municipalities in Wisconsin voted on non-binding marijuana related ballot questions, with 5 out of 6 passing.
At a more local level, The city commissioners of Daytona Beach voted to decriminalize up to 20 grams of marijuana possession. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. A decriminalization bill was defeated in the Missouri House of Representatives this week.
In 2014, Governor Jay Nixon signed the Missouri Medical Marijuana Bill, making it possible for CBD to be used as medicine for seizures. In 2018, Amendment 2 was passed, making medical marijuana in the state completely legal. Is medical marijuana being sold in Missouri yet? How many dispensaries are licensed in Missouri?
HR 420 (yes, you read that right): The Regulate Marijuana Like Alcohol Act would deschedule cannabis from the Controlled Substances Act, thus permitting state governments to regulate these activities as they see fit. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE.
Given the current COVID-19 pandemic, the NORML team is working remotely in compliance with CDC guidelines. However, the work of reforming our nation’s failed marijuana laws is not suspended therefore we’re still updating you policy efforts across the country. Your Highness, Carly. Actions to Take. Presently, V.A.
Maine regulators are finally moving forward with draft regulations to implement the state’s 2016 voter-approved initiative legalizing the commercial production and retail sale of marijuana. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. Your Highness, Carly.
House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. Your Highness, Carly. Actions to Take.
In Congress this week Senator Cory Booker (D-NJ), along with Representatives Barbara Lee (D-CA) and Ro Khanna (D-CA), introduced The Marijuana Justice Act of 2019, to remove marijuana from the Controlled Substances Act and incentivize states to end the racially disparate criminalization of marijuana consumers. Actions to Take.
Marijuana is having a moment. 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). Legal weed generated $10.4
Local Business Also Pleads Guilty to Laundering More than $770,000 in Marijuana Proceeds through Account. According to the Information, between May 29, 2019, and January 22, 2020, Ngo operated Cannabless, a leading medical marijuana company in Oklahoma. Here’s the DOJ release. Attorney Robert J.
From the The Kansas City Star : “The ordinance passed Thursday places medical marijuana facilities a minimum of 300 feet away from schools, churches and day care facilities. ” Patient Seminars II – Home Cultivation and Compliance. Marijuana policy should be evidence based. Contact us at newnormlkc@gmail.com.
A step that, if not taken, would have likely resulted in a complete prohibition of hemp products in the state something the state’s marijuana lobby was strongly pushing for. Industry friction and compliance challenges Adjusting product formulations and packaging can be costly, particularly for small and mid-sized companies.
government, which categorizes marijuana as a dangerous illegal drug, similar to LSD or heroin. The federal prohibition of marijuana is wrong, plain and simple,” Wyden, a Democrat, said in a statement. The Democratic majority in the House appears more open to considering proposals to ease federal restrictions on marijuana.
Delaware prosecutors will no longer be encouraged to pursue criminal charges against those who possess marijuana for personal use, according to guidelines issued by the state’s new Attorney General. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. Actions to Take.
Looks like marijuana banking is stuck, again. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuanabusinesses. The banking associations from all 50 states and 1 U.S.
The Cannabis Regulatory Agency (CRA) began publishing monthly disciplinary action reports related to fines and suspensions issued against Michigan’s marijuanabusinesses for violating agency rules. Marijuanabusinesses are required to submit annual financial reports, similar to audits, conducted by outside accounting companies.
Overview of the Medical Marijuana Industry The medical marijuana industry has experienced significant growth and evolution in recent years, fueled by shifting attitudes, changing regulations, and expanding legalization efforts across various jurisdictions.
Guam became the first US territory to send a bill legalizing the adult-use of marijuana to the governor’s desk in 2019. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. Actions to Take.
"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.
Registration is now available for required Arizona Department of Health Services (ADHS) training for those seeking licenses to own and operate adult-use marijuana establishments under the voter-approved social equity program. In November 2020, Arizona voters passed Proposition 207, which legalized adult-use marijuana.
Entitled the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act of 2019”), the bill aims to prohibit federal regulators from penalizing banks and other financial institutions that provide banking services to marijuanabusinesses, marijuana-related businesses, and their owners and employees.
Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.
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