Latest Newsletter – all the updates from the last week

Cannabis operators excluded from SBA’s disaster assistance during COVID-19 pandemic

March 18, 2020 – Cannabis Business Times

Low-interest loans up to $2 million offered by the Small Business Administration amidst the coronavirus outbreak will not extend to state-legal cannabis businesses.

How each coast is treating the cannabis industry during the COVID-19 outbreak

March 23, 2020 –
Cannabis Business Times

A look at the California and New York approaches to cannabis businesses during a global pandemic.

House committee advances medical marijuana bills for veterans

March 12, 2020 – The Hill

The House Veterans’ Affairs Committee advanced two bills related to medical marijuana use for veterans.

Cannabis advocates to governors: Our businesses are ‘essential’

March 23, 2020 – CNN

Cannabis advocates, medical nonprofits and veterans groups are urging state governors to not shut off access to cannabis businesses.

DEA to issue new cannabis grower licenses for research

March 20, 2020 – Ganjapreneur

The DEA has unveiled a new rule proposal that would finally open up the licensing of new research-grade cannabis cultivators.

Illinois sells $1 million in legal cannabis—per day

March 10, 2020 – Leafly

Just two months into adult-use legalization and Illinois dispensaries are selling more than a million dollars of legal cannabis—per day.

Cannabis now flying high in California retail business amid coronavirus lockdown

March 24, 2020 – North Bay Business Journal

Companies that can continue to operate have switched over to a completely different business model, including cannabis dispensaries.

What does the federal tax deadline extension mean for the cannabis industry?

March 20, 2020 – Cannabis Business Times

CPA Dean Guske shares what businesses should be aware of in the wake of the government’s announcement that tax payments can be delayed until July 15 amid coronavirus concerns.

Alabama Senate passes medical cannabis bill

March 13, 2020 –
Marijuana Business Daily

The Alabama Senate passed a medical marijuana bill that would license 34 dispensaries across the state.

Tennessee Senate committee approves medical marijuana bill

March 11, 2020 –
Marijuana Moment

A Tennessee Senate committee approved a restrictive medical marijuana legalization bill.

Marijuana sales surge amid coronavirus outbreak

March 20, 2020 – The Hill

Legal marijuana sales are up nationally as people stock up amid the coronavirus pandemic.

Senators want more time to negotiate hemp funding

March 10, 2020 – SFGate

Lawmakers in the Senate pushed a proposal to legalize industrial hemp to the negotiating table rather than send it straight to Gov. Kristi Noem’s desk.

Pot entrepreneurs find Oklahoma a perfect environment

March 08, 2020 –
The Press Democrat

The Bakers are part of a green rush into the Bible Belt that no one anticipated when Oklahoma voters approved medical marijuana less than two years ago.