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Over 40 Members of Congress Request SBA Access For Small Marijuana Businesses

NORML

“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.

Access 353
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Ayr Wellness to sell four Illinois dispensaries

Illinois News Joint

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.

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House COVID Package Includes Cannabis Banking Relief, But Not Small Business Support

NORML

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.

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NORML Urges Congress to Provide Small Business Relief to State-Licensed Cannabis Companies

NORML

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.

Business 256
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Colorado: Governor Signs Multiple Marijuana Law Reform Measures

NORML

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.

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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

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?)

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CROO releases packaging and labeling FAQ

Illinois News Joint

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.

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