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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.
They will also hurt state-licensed businesses, many of which have already invested millions of dollars in up-front costs and are still struggling to break even." The post Maryland: Lawmakers Approve Marijuana Tax Hike in Budget Bill appeared first on NORML.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legalmarijuanabusinesses to apply for COVID-19 benefits through the Small Business Administration. Currently, the SBA is prohibited from engaging with cannabis businesses due to federal marijuana criminalization.
As first reported by Politico, the House Small Business Committee is waiving jurisdiction over the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act ( HR 3884 ), making it the second House committee in the 116th Congress to advance legislation to end federal marijuana prohibition.
Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken
cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. The ancillary businesses surrounding these industries where people and businesses are profiting.
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. 811(d)(1) , the AG can unilaterally reschedule marijuana to better align U.S.
"Each of the major pieces of marijuana policy reform legislation currently pending before Congress enjoy majority support from the American people. The post Poll: Majority of Americans Support LegalizingMarijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML.
Texas has one such cannabis program in flux, with a new bill being introduced that may change the legality of recreational marijuana within the state. What is the current legal status of cannabis in Texas, and what potential changes are on the horizon? Marijuana is, however, permissible for some medical uses in Texas.
“The refusal [of the federal government] to acknowledge the existence of legal cannabis jobs is a powerful act of shaming and stigmatization,” the report concludes. … If cannabis industry jobs were tallied like other jobs, … legal cannabis would be acknowledged as the fastest growing industry in America.”
There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions.
The Coalition letter focuses on the need for small business access to the SBA relief funds as an avenue to protect the progress that has been made by minority entrepreneurs in the emerging legal cannabis marketplaces. RE: Protect Minority-Owned MarijuanaBusinesses and their Workers. You can read the full letter below.
“It’s time for local officials to put an end to the NIMBYism and unwarranted fears surrounding the establishment of licensed marijuana retailers. The post Analysis: Legal Cannabis Businesses Associated with Increased Home Values appeared first on NORML. Cannabis is here and here to stay.
America has a moral responsibility to pass my legislation to end the prohibition of marijuana and take on the oppression at the heart of the War on Drugs. America has a moral responsibility to pass my legislation to end the prohibition of marijuana and take on the oppression at the heart of the War on Drugs.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R.
Imagine operating a business without a bank account. Imagine being forbidden from letting your customers pay for purchases with a credit card, or being able to ask a bank for a small business loan. Currently, state-licensed marijuanabusinesses face a web of conflicting regulations.
Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.
Commenting on the new findings, NORML Executive Director Erik Altieri said, “The federal government needs to deschedule marijuana to allow states to better and more fully benefit from the economic growth engine that is the legalmarijuana industry. This total increased to 296,000 jobs when ancillary employers are included.
"I'm calling on the legislature to to legalize recreational marijuana, with the revenue going to: small business grant funding [and] restorative justice programs.".
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-legalmarijuanabusinesses. The majority of these businesses are small-to-medium in size.
In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15.
The Sensible Enforcement Of Cannabis Act essentially would give peace of mind to lawmakers, regulators, 149,000+ workers, and the millions of patients and consumers who are dependent on the normalization of lawful marijuana markets.
The analysis projects as many as 295,000 marijuana-related jobs by the close of 2020 – a total that is slightly higher than the total number of computer programmers working in the United States. The post State-LegalMarijuana Industry to Employ Nearly 300,000 Workers by Year’s End appeared first on NORML.
Next week, the two key committees will hold hearings on various aspects of federal marijuana policy. The first will be held on Wednesday, June 19th, in the Small Business Committee, entitled Unlocked Potential? Small Businesses in the Cannabis Industry. Presently, V.A.
be creating undue barriers of entry for those seeking to participate in the legal adult use marketplace," she said. The post Washington: New Rule Expands the Pool of Those Eligible for MarijuanaBusiness Licenses appeared first on NORML.
Since the passage of Proposition 1 , officially known as the Michigan Regulation and Taxation of Marihuana Act , which legalized the sale, possession, consumption and cultivation of marijuana for adults 21 and up last November, members of Michigan NORML have encountered a new challenge: municipal opt-out.
Lawmakers in several states have recently moved forward legislative proposals to either legalize or decriminalize marijuana-related activities. LEGALIZATION. Chris Sununu, who has pledged to veto any legalization bill, “regardless of what the language looks like.” The measure now heads to the Senate.
Areas that have approved the sale of cannabis still deal with a “gray market” where legal and illegal marijuana markets coexist. It is a scenario that frustrates legal cannabis businesses and law enforcement alike. This includes storefronts that sell cannabis despite lacking the proper licenses.
1617 , the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana. Only people with business-related convictions (such as fraud or tax evasion) will be explicitly barred from receiving licenses.
Sixty-eight percent of Americans say that Congress should pass legislation so that marijuanabusinesses can "access banking services and products in states" where it is legal. The post Poll: Nearly 70 Percent of Americans Want Congress to Allow Licensed Cannabis Businesses Access to Banking Services appeared first on NORML.
Legal Advisor to Roc NORML, and Mary Kruger, Start SMART NY Coalition Member and Executive Director of Roc NORML. Sixty-five percent of New York residents support the legalization of cannabis. Cannabis legalization was not included in the 2019 – 2020 New York State Budget. By: Jason Klimek, Esq.,
Two of our greatest champions in Congress, Representative Earl Blumenauer and Senator Jacky Rosen, are circulating bipartisan sign-on letters to Congressional Leadership demanding that state-licensed cannabis businesses are able to access the Small Business Administration. Together, we’re going to legalize cannabis nationwide.
Virginia has been one of the most reluctant states to consider marijuana law reform, though it recently began allowing some forms of cannabis oil for approved patients. To be fair, Democrats didn’t mention weed legalization on their party’s official platform until 2016.). (To
NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. 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.
Representatives Tulsi Gabbard (HI-02) and Don Young (AK-AL) introduced today two landmark bipartisan marijuana bills. In the previous Congress, The Ending Federal Marijuana Prohibition Act became the first bill in American history to end the federal policy of criminalization that earned bipartisan support.
The House Judiciary Committee has posted a markup date for HR 3884 , the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act. Earlier this month, a Pew poll found that 67% of Americans support the legalization of marijuana. ” Click here to share this alert on Facebook.
Its provocative kicker states: Much of whats sold as hemp today isnt hemp at all its a mix of synthetic intoxicants and illicit THC masquerading as a legal, natural product. There’s also THCP, THCO, HHC, and others that can’t be made from CBD starter material and thus are outside the legal definition of “hemp.”
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. “The majority of states now regulate either the medical use or the adult use of marijuana.
In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S.
In October, state regulators began accepting applications from medical cannabis dispensaries wishing to also engage in adult-use marijuana sales. Several other businesses have applications pending. On January 1, Illinois will become the eleventh state to permit adult marijuana use.
The holiday season means many things to many people, but for Senator Mike Crapo (R-ID), it means walking back commitments to moving cannabis reform forward and turning into the Marijuana Grinch. This holiday season, send a message to Chairman Crapo and help his heart grow three sizes in support of marijuana reform. “Wait, what?!”
Are you paying too much for medical marijuana? Millions of Americans are legally replacing pharmaceuticals with cannabis and the question of affordability has become critical. Pennsylvania’s closed-loop system of limited marijuana permit holders is not a competitive free market. Now, a single paragraph buried in Pa.’s
When it comes to any hot-button issue like cannabis legalization, there are always two sides, often without much middle ground. For those looking through a pro-legalization lens, efforts to continue federal prohibition and bar states from legalizing should be a thing of the past. Current Anti-Legalization Efforts in the U.S.
Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry 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 House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legalmarijuanabusinesses. NORML Deputy Director Paul Armentano submitted written congressional testimony, which you can read here.
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