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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 Marijuana Businesses and their Workers. You can read the full letter below.
“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.
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.
"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 Legalizing Marijuana, Expunging Past Convictions, and Allowing Banks to Work with Cannabis Businesses appeared first on NORML.
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. Furthermore, a total of 33 states have enacted policies to establish a regulated medical cannabis program.
House Small Business Committee Chairwoman Nydia Velázquez along with Representatives Jared Golden and Dwight Evans introduced a package of legislation, ( H.R. Moreover, an estimated 73 million Americans now reside in the ten states where anyone over the age of 21 may possess cannabis legally. 3540 , H.R. 3543 , and H.R.
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 STATES Act is the next logical step in a comprehensive blueprint for more rational federal cannabis policy.
I’m proud to work with NORML to create a more just national marijuana policy. My bill, The MORE Act, is the most comprehensive marijuana reform bill ever introduced, and it’s backed by a broad coalition of civil rights, criminal justice, drug policy, and immigration groups.
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? Well examine these questions to get a holistic view of the situation.
Members of the House Energy and Commerce Subcommittee on Health today held a legislative hearing, “ Cannabis Policies for the New Decade ,” during which they considered multiple legislative bills aimed at amending federal cannabis laws. He continued: “The fact of the matter is that legalization and regulation work.
But, this new reality doesn’t mean that we don’t have the ability to positively influence federal policy. If you want to see a robust consumer-oriented cannabis marketplace, then we must act now to protect these small businesses. Together, we’re going to legalize cannabis nationwide. Justin Strekal.
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 legal marijuana industry.
The most essential component in creating a stable business environment to meet consumer demand is certainty, and that is what states and businesses would have with Congressman Correa’s legislation to protect state-lawful programs from potential rouge US Attorneys under a Department of Justice likely to be led by known drug warrior William Barr.
A complex and comprehensive plan laid out in over 200 pages of legislative text, the CRTA would implement one of the most tightly regulated, highly taxed and heavily controlled legal cannabis markets in the world. It also creates on-site consumption licenses for retail facilities to apply for.
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.
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.
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.
. “Thanks to the leadership of the House Judiciary chairman, never in history have we been closer to ending the failed policy of marijuana criminalization and providing pathways to opportunity for our brothers and sisters who have suffered under its oppressive reign.” ” Click here to share this alert on Facebook.
NORML Cannabis Policy Guidance Memo for Protecting Public Health During COVID-19 Crisis. Urge Congress to Provide Small Business Relief to State-Licensed Cannabis Companies. Contact your federal lawmakers in support of this needed change to protect small businesses. NORML’s Voting Guide to Legalize Marijuana in Your State.
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.
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.”
Currently, thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships.
Potential implications of rescheduling cannabis It’s important to keep in mind that rescheduling does not legalize cannabis outright for recreational use. Rescheduling would stand to have the largest impact on cannabis research and business taxes. What does rescheduling cannabis mean for medical cannabis patients?
Members of the House of Representatives voted 321 to 103 in favor, representing 79% of the vote of 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. Now we look to the Senate, where we are cautiously optimistic.
Legal Status & Industry Overview 1. Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Cannabis Business Licensing & Compliance 6.
Chief Petitioners Madeline Martinez, Leia Flynn, and Angela Bacca filed a ballot measure to be known as “The Legalization Justice Act of 2020” at the Oregon State Capitol on Monday, March 18. The OJL seeks to right these wrongs as well as provide a model for other states to implement a more just version of cannabis legalization.
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.
This week, the Minority Cannabis Business Association unveiled their Municipal Ordinance model on how localities can administer new business licenses in a fashion that promote minority entrepreneurs and ensure that the emerging industry will not be dominated by a flood on new investors who have not been harmed by the consequences of prohibition.
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.
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.
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. Marijuana legalization is here to stay and it is time that federal policy reflect that.”
Thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships. With 97.7% of the U.S.
The American South has been one of the toughest (weed) cookies to crack when it comes to marijuana reform, despite legalization’s wildfire spread over the past half-decade. To be fair, Democrats didn’t mention weed legalization on their party’s official platform until 2016.). They managed to hold on to that.
With a growing number of states legalizing weed for recreational and medical purposes, the U.S. The public has a stigmatized view of the product but legitimate business owners can’t reach them; it creates mistrust,” says Kyle Porter, who runs CMW Media, which does marketing and public relations for cannabis companies.
This Wednesday, January 15th, at 10 am EST, the House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform.
Maine voters initially approved the legalization of adult-use cannabis sales in November 2016 by passing a statewide initiative, but lawmakers — led by former Republican Gov. Applications may be submitted online to the Maine Office of Marijuana Policy. Licensed stores are anticipated to be operational by spring 2020.
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.,
As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell.
Currently, ten states and the District of Columbia have legalized the adult use of marijuana and thirty-three states and DC have medical marijuana programs. This is not just good policy, but good politics. As long as marijuana remains a Schedule I substance, federal policy remains ignorant of this fact.
Marijuana Law, Policy, and Authority is a first-of-its-kind law school casebook in a rapidly-emerging and exciting new field. The helpful organization intersperses these issues of substantive law, policy, and authority throughout the discussion of users, suppliers, and third parties. Policy Toward Marijuana Users.
“NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” Even during these uncertain times, NORML’s mission remains the same.
Twitter’s New Policy In February, Twitter relaxed its rules by allowing cannabis companies to advertise their businesses. Twitter further updated its cannabis ads policy on April 25, 2023, to allow cannabis companies in some U.S. This news of Twitter’s policy made headlines immediately after it went mainstream.
Congress is clearly out of step with the American people on cannabis when national support for federal marijuana legalization is at an all-time high and we saw several states move toward with legalization last November.”. Blumenauer. I encourage all Members to join us in this debate and explore the varying issues.”.
Thailand left its war on drugs in the past, the Texas GOP platform raised some questions, and a new study revealed how cannabis legalization affects road safety. Though it’s now home to one of the most progressive cannabis policies on the planet , a look back at Thailand’s recent history reveals just how far the nation has come.
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