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“Many of these establishments are small-to-medium size operators, with their employees keeping their doors open without access to the support systems in place for other businesses, thus depriving them of potentially lifesaving protections.” The majority of these businesses are small-to-medium in size.
multi-state cannabis operator, announced in May 2022 it had closed the definitive agreement to acquire two Herbal Remedies Dispensaries. Ayr then acquired two more Illinois dispensaries, one in Hometown and one in Normal. Earlier this week, Ayr Wellness signed a letter of intent to sell all four Illinois dispensaries.
Included in the language of the bill is 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. The majority of these businesses are small-to-medium in size.
Representatives with the United States Small Business Administration (SBA) have reaffirmed that state-licensed cannabis businesses are ineligible for financial aid opportunities because marijuana remains classified as a schedule I controlled substance. The majority of these businesses are small-to-medium in size.
Jared Polis has signed multiple bills into law amending the state’s marijuana laws. ” Under the measure, licensed dispensaries and retailers could apply for on-site consumption permits. Hotels, restaurants and other private business would also be permitted to apply for similar licensing. Democratic Gov.
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?)
The Illinois Cannabis Regulation Oversight Officer (CROO) released a notice for cannabis business licensees concerning packaging and labeling products. 2) Dispensary names do not need to be added before shipping to dispensaries. Lastly, the notice lists State resources for the law and labeling requirement for licensees.
IDFPR cites the explosive growth by stating that 82 new dispensaries open for business in the last year, the single-largest expansion of cannabis dispensaries since the program first started with the Compassionate Use of Medical Cannabis Program Act (CRTA) in 2014. Find detailed information about this topic here.)
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.
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.
Confused consumers are often paying $1000 per month at dispensaries , sometimes a lot more. ’s medical marijuana law will start bringing some transparency to consumer-level prices. Thus, the worst impact of high retail pricing at dispensaries falls upon the most seriously ill residents; many of whom also live on a fixed income.
It took until late 2017 for the first Maryland dispensary to open for business. The program is also becoming more patient-friendly, with more dispensaries opening and a wider range of products becoming available. Martin O’Malley signed into law HB 881 , the Natalie M. How Many Dispensaries Are In Maryland?
. “In this era of tremendous uncertainty, it is crucial that policymakers use every tool in their toolkit to promote public health and safety. By implementing these common-sense reforms, we can ensure a safer environment for those who work in this essential industry and those who they provide for,” said NORML’s Strekal.
Cannabis dispensary chain March & Ash is suing a long list of people and business entities the company claims is tied to San Diego’s black market weed trade. The lawsuit claims that the alleged black market actors are putting unfair pressure and cost onto San Diego’s legal pot businesses, writes contributor Jackie Bryant.
Our archaic and outdated marijuana laws are turning everyday Americans into criminals. Our outdated marijuana laws also target communities of color. The contradiction between state and federal laws on marijuana has created a serious problem for small businesses and stunted further economic growth.
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. The program is gradually expanding, with limited dispensary licenses.
Employers and law enforcement are also playing catch up to the new laws. Meanwhile, those who hold the lucrative cultivation, processing, and dispensary licenses are finding new ways to profit, primarily by selling to out of state investors. Patients have faced lost jobs and needless DUI charges.
January 7, Star Buds officially opened its first dispensary in Illinois and, partnered with SB IL Grow LLC, became the first licensed predominantly black-owned cannabis business in the Prairie State. Star Buds dispensary is located at 7844 South Cicero Ave. For Dispensary Spotlight Features, visit here.
Cannabis dispensary owners and employees are hoping to see a decrease in armed robberies with the passage of a bill imposing stricter penalties for offenders. The bill proposes increasing the standard sentence range by 12 months for those found guilty of robbing a dispensary. Kitsap Daily News reports.
The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. Metrc has additional information and support available online here.
Medical marijuana (MMJ) dispensaries play a crucial role in providing patients with access to the cannabis products they need for managing various health conditions. Visiting an MMJ dispensary comes with a set of unwritten rules and etiquettes that patients should be aware of. Each dispensary may have specific rules and policies.
A Clark County commissioner who questioned how an unfinished marijuana dispensary breezed through licensing hurdles at a site just off the Strip has been hit with a state ethics complaint. The dispensary site, at 2975 Sammy Davis Jr. But the commissioner, Ross Miller, isn’t backing down.
While these businesses would benefit from being properly insured just like other businesses in America, they face the hurdle of current federal regulations against cannabis that label it a Schedule I controlled substance with no medical purpose and a high addiction rate. Current Insurance Options Are Costly and Limited.
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
Since before adult-use legalization, the hundreds of thousands of qualified medical patients in Illinois have had only 55 dispensaries to chose from, and the lack of access to specific medical needs, especially in southern Illinois, has forced several patients to drive 2-hours or more to purchase medicine.
The Illinois Department of Revenue today posted a notice for all dispensaries engaged in the business of selling adult use cannabis at retail in taxing jurisdictions that have enacted Municipal or County Cannabis Retailers Occupation Taxes. To verify new combined state and local retailers occupation tax rates (i.e.,
The law used very specific language that allowed certain aspects of a medical cannabis program, such as prescriptions from doctors, but failed to address other factors such as cultivation and distribution. 2020 also saw state legislation that prevented financial institutions from being penalized for housing the funds of cannabis businesses.
While dispensaries are easy to come by, consumption areas are not. Per Nevada law, you can only consume cannabis on private property, not in public. Violators of these cannabis laws only face a misdemeanor charge, but also up to 6 months in jail and a $1,000 fine. The best dispensaries in Las Vegas. Reef Dispensaries.
PUBLISHER: CANNABIS LAW REPORT. Cannabis Conference and Cannabis Business Times announced the winners of the 2021 Cannabis Leadership Awards , which recognizes industry professionals who exemplify the leadership qualities needed to inspire and empower those around them and who work to better the industry and their communities.
Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. Tweet this.
Green Market Report… Cannabis attorney David Feldman has formed a new law firm, Feldman Legal Advisors, PLLC. In 2019, Feldman launched Skip Intro Advisors, LLC to assist growing businesses in the cannabis and psychedelics space as they reach key inflection points. Skip Intro. OTC: TRSSF) at a $70 million enterprise value.
Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities.
Thats what Ballot Measure 119 is all about: a law that requires cannabis businesses to allow employees the chance to unionize without interference. This push led to significant changes, including the introduction of labor laws designed to safeguard worker rights. What is Ballot Measure 119?
“We are very pleased to be expanding our retail market share in Maryland’s medical cannabis market and look forward to introducing our Green Goods dispensary brand to the Baltimore area,” said Chairman and Chief Executive Officer, Kyle Kingsley , M.D. million , including $4.0 million in cash, $2.0
Woody Harrelson’s new dispensary opened for business, Thailand announced its giveaway of 1 million cannabis plants, and Vermont awarded its first cannabis cultivation license. Woody Harrelson Opens West Hollywood Dispensary. The Woods will carry all the items that consumers are used to seeing at their local dispensaries.
Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options. Ensuring international respect for Canada’s sovereign laws. 1) Increased Access. 3) Social discrimination protections.
It is a scenario that frustrates legal cannabis businesses and law enforcement alike. Some illegal stores lean on the fact that Toronto law enforcement may not have the resources to launch an investigation and obtain a warrant to enter the premises, although mayor Mark Sarga has recently pledged to crack down on the illegal operations.
At the state level, a new decriminalization law took effect this week in Hawaii involving the possession of up to three grams of marijuana, as well as a procedure for expungement of past convictions for the same amount. Legislation is pending, House Bill 1089, to protect cannabis consumers from employment discrimination. CO resident?
The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. It includes cops who use federal civil forfeiture laws to steal money earned by state-legal marijuana businesses. Constitution. Reports Reason. Here’s the introduction to the must-read Reason story. Constitution.
New Approach Montana, the campaign committee behind a marijuana legalization ballot initiative in the state, submitted a revised proposal to the Secretary of State’s office, removing provisions that address medical marijuana law changes. Legislation is pending, House Bill 550, to expand the state’s marijuana decriminalization law.
Since cannabis remains federally illegal, many banks, who run on a risk-based assessment, refuse to do businesses with cannabis companies. and Guam having fully legal operating cannabis markets under their own laws, banks are put in an awkward position because of the inconsistencies between state and federal law.
A marijuana dispensary is suing the city of South Lake Tahoe, California, after the city council revoked its cannabis and businesses licenses for failing to open on time — a delay the business blames on the COVID-19 pandemic. But she noted that all the other cannabis businesses who were awarded licenses opened on time.
Madeline Martinez is the executive director of Oregon NORML and the only Latina member of the board of directors of the National Organization for the Reform of Marijuana Laws (NORML). The Oregon Justice League does not believe the State of Oregon has implemented Measure 91 in the spirit under which the law was passed.
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