article thumbnail

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 329
article thumbnail

Maryland: Lawmakers Approve Marijuana Tax Hike in Budget Bill

NORML

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.

Marijuana 205
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

House Small Business Committee Moves Marijuana Bill Forward

NORML

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.

Business 250
article thumbnail

New Legislation Would Permit Marijuana Businesses to Access COVID-19 Relief

NORML

Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuana businesses 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.

Access 254
article thumbnail

Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it. The ancillary businesses surrounding these industries where people and businesses are profiting.

article thumbnail

NORML Joins Civil Rights and Criminal Justice Groups To Support Small Cannabis Businesses

NORML

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.

Business 312
article thumbnail

Businesses Need Bank Accounts; Marijuana Shops Included

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. Currently, state-licensed marijuana businesses face a web of conflicting regulations.

Banking 211