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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.
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.
Representatives Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) have introduced legislation to allow state-legal marijuanabusinesses 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.
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.
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.
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.
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.
A robust, above-ground retail marijuana market is necessary in order to disrupt the unregulated marketplace and to assure that consumers have adequate access to lab-tested, high quality products at competitive prices.
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.
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.
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 marijuanabusinesses. 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.
"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.
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 post Washington: New Rule Expands the Pool of Those Eligible for MarijuanaBusiness Licenses appeared first on NORML. "This new rule will encourage more inclusiveness and diversity in Washington's growing cannabis industry.".
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.
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. Send a message now!
State regulators have licensed 192 retailers thus far, with the first of those opening for business on Saturday. The post Missouri: Licensed Medical Cannabis Retailers Now Open for Business appeared first on NORML.
The First Circuit decision means the feds are still entitled to enforce the criminal provisions of the federal Controlled Substances Act (CSA) against against state-licensed marijuanabusinesses. to enact medical marijuana; and that 23 states have created non-medical, regulated cannabis markets. Thomas is right, of course.
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.
“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.
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.
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.
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.
Are you paying too much for medical marijuana? Pennsylvania’s closed-loop system of limited marijuana permit holders is not a competitive free market. ’s medical marijuana law will start bringing some transparency to consumer-level prices. All of the state programs are independent and in various stages of maturity.
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.
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.
The latest COVID stimulus package proposed by House leadership maintains provisions permitting licensed cannabis businesses… The post Democrats’ Latest COVID Relief Package Includes Marijuana Banking Provisions 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. The Current Status Of The Texas Cannabis Program Currently, recreational marijuana is not legal in Texas. Marijuana is, however, permissible for some medical uses in Texas.
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.
Illicit marijuana providers don’t ask for or check for ID, but licensed businesses most certainly do.” The post Colorado: Compliance Check Data Confirms That Retailers Aren’t Selling Marijuana to Minors appeared first on NORML. “Regulation works.
The post History made: Mississippi’s first medical marijuana dispensaries open for business appeared first on Leafly. The first of 162 state-licensed dispensaries opened on Wednesday afternoon.
This Presidents Day, the National Organization for the Reform of Marijuana Laws (NORML), along with a coalition of business groups and criminal justice reform advocates, is calling upon President Joe Biden to follow through on his campaign commitment to expunge the criminal records of those with non-violent marijuana convictions.
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?!”
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.
"We are proud to launch adult use sales in Rhode Island just six months after the Cannabis Act was signed into law, marking the Northeast’s fastest implementation period,” said Matt Santacroce, interim deputy director of the Rhode Island Department of Business Regulation.
“Patients First: Fixing Medical Marijuana in PA” will commence on Wednesday November 13, 2019 from 08:30 AM-5:00 PM. These events offer a voice to the large number of registered medical marijuana patients who are deeply dissatisfied with the current program.
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. The specific licenses required for your cannabis business will depend on the type of operation you’re running.
Additional information is available in the NORML fact-sheet , ‘Marijuana Regulation: Impact on Health, Safety, Economy.’ . … If cannabis industry jobs were tallied like other jobs, … legal cannabis would be acknowledged as the fastest growing industry in America.”
Our archaic and outdated marijuana laws are turning everyday Americans into criminals. Every day, the economic and social impacts of marijuana prohibition are having devastating effects on communities across the country. Millions of people have been arrested for the possession or use of marijuana. SEND A MESSAGE NOW.
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-legal marijuanabusinesses. NORML Deputy Director Paul Armentano submitted written congressional testimony, which you can read here.
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