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Cannabis is supposed to be relaxing and fun. Unfortunately, the news from California’s Emerald Triangle is anything but upbeat these days. The result: Cascading business failures across the industry. Others are letting their licensed fields go fallow, unable to fund this year’s harvest on the heels of last year’s losses.
My least favorite parts of publishing Illinois News Joint. Two years ago, after working with an accountant who had been indifferent, at best, to the Illinois cannabis community, I decided to find an accountant who at least had interest in the plant. I lucked into an even better situation.
After weeks of wrangling on which items to include and exclude, the cannabis omnibus could not be agreed upon and was not brought up for a vote today, essentially killing all included items. The $40,000,000 transferred from the Compassionate Use of Medical CannabisFund into CannabisBusiness Development Fund was increased from $12,000,000.
After my first year with an LLC, the accountant assigned to me was excited to work with Illinois News Joint and learn about the newcannabisindustry. The following year, the new accountant was indifferent at best, so this year, I decided to find a more suitable accountant for our needs.
We speak with Mark Lozzi the CEO of cannabis financial solutions company Confia who tell us on their website. Confia enables cannabis supply chains to flow efficiently.We Could you provide detail about your last startup and what attracted you to the regulated cannabisindustry? Mark Lozzi.
That didn’t take long before somebody decided that a social equity approach to the NY Program wasn’t in the interest of the “industry” Isn’t that the point ! You have experience in a lot of things,” Savino added, “but I’m concerned you don’t have direct experience in cannabis itself.”. Former Gov.
Future cannabisbusiness owners should also prepare for the role they can play in creating an equitable cannabisindustry. Some aspiring cannabiz owners are flush with resources, but there are also many people who deserve a chance in this industry that haven’t been given a fair shot.
California NORML Supports Legislation to Protect Cannabis Compassion Programs. Thus every pound of cannabis which is donated free of charge to legal patients is liable for nearly $1000 in state taxes.”. We believe small and medium businesses are the lifeblood of the industry – the ‘mom-and-pop’ shops.
Whether you’re indifferent or passionately loathe Jeff Bezos’ mega-corporation that emits as much carbon dioxide as the country of Norway , there’s no arguing the fact that Amazon mega bucks could make a difference in the lobbying push to pass federal cannabis legislation in the United States. . 393), the Justice in Policing Act (H.R.
The Colorado Springs-based company, whose legal corporate name is Whole Hemp Company LLC , is being sued by its former Vice President of business development and marketing, Dale Takio , after Shan allegedly tried to cut him out of his promised equity in the privately held company. By Teri Buhl. Kashif Shan. Quan Nguyen.
Cuomo is turning to Norman Birenbaum, the former implementation director for the Rhode Island Office of Cannabis Regulation, to fill the new post. Andrew Cuomo on Monday announced the appointment of a director of cannabis programs. Andrew Cuomo on Monday announced the appointment of a director of cannabis programs.
The cannabisindustry is growing rapidly – literally! While each state has their own system of licensing and regulating marijuana establishments, Nevada has emerged as the gold standard for regulating the industry. [1]. How do I start a dispensary? 1] [link] ; [link]. [2]
Be the first to know when new content like this is available! Subscribe to our newsletter to get alerts about new posts, local news, and industry insights. The cannabisindustry continues to grow rapidly across the United States, and all eyes are on the industry’s potential for investors.
of the vote in a recall election can be replaced by someone who gets 20% or even less. A conservative talk radio host, Elder would mean trouble for the state’s cannabisindustry, said Jared Schwass, who practices law in the cannabis space as the founder of California-based Schwass Law Firm.
A few decades ago, you couldn’t open a cannabis dispensary in any state without facing the wrath of the state laws. This is now a thing of the past in most states, thanks to the legalization of the sale and use of cannabis in these states. The Business Plan. A business plan is very important before starting any business.
of the vote in a recall election can be replaced by someone who gets 20% or even less. A conservative talk radio host, Elder would mean trouble for the state’s cannabisindustry, said Jared Schwass, who practices law in the cannabis space as the founder of California-based Schwass Law Firm.
Cannabis should open doors—not shut them. The wave of cannabis legalization is a net good: Growers are coming out of the shadows, the agricultural economy is getting a boost, and millions of people have access to the plant for a variety of purposes. The goal: Shape a cannabisindustry that is just for everyone.
Any entrepreneur looking to get onto something big should look at the opportunities that the cannabisindustry offers. Concrete extraction technicians, researchers, marijuana cultivators, marketers, marijuana processors, cannabis branding, and developers will all have a place in the industry. A Business Plan.
Brett Lacey, CS Fire Marshall, confirmed for Cannabis Law Report that his staff had tried to serve Shan a summons for a criminal misdemeanor for continuing to extract THC from their industrial hemp when under the C&D order but Shan dodged the summons for a year and the statute of limitations subsequently ran out. Fire Codes.
of the vote in a recall election can be replaced by someone who gets 20% or even less. A conservative talk radio host, Elder would mean trouble for the state’s cannabisindustry, said Jared Schwass, who practices law in the cannabis space as the founder of California-based Schwass Law Firm.
Be the first to know when new content like this is available! Subscribe to our newsletter to get alerts about new posts, local news, and industry insights. The latest edition of MJBizDaily’s Annual Marijuana Business Factbook provides data that tells cannabisbusinesses exactly what investors want and don’t want.
PUBLISHER: CANNABIS LAW REPORT. . O ver the past few weeks I’ve had a chance to speak with Chad Frey and get to hear more about his journey in the role of COO and Co-Founder of Cannabis CRE Capital as well as his role as CEO of Attilah, whose wholesale model aims to engage a New Hemp Renaissance.
As the demand for CBD has risen from many sectors of the US & international economy over the last 36 months, so, it seems, has the desire to process business without the normal checks and balances. We firmly believe Folium Finance’s impressive and complete suite of financial service solutions is the industry game-changer.”.
This article focuses on getting money to start your cannabisbusiness. Financing is the primary barrier to entry into the cannabisindustry, so it is important to structure your approach to overcoming it as a challenge. Selling an equity ownership stake in your business to an investor.
According to the press releases Business Australia are reporting from in their story (see below govt press release). According to the press releases Business Australia are reporting from in their story (see below govt press release). Medicinal cannabis projects drive job creation. 3 February 2020.
Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. economic impact from cannabis sales is expected to reach $160 billion in 2025 and it’s expected that even more states will legalize the substance in the near future. economy as well.
Be the first to know when new content like this is available! Subscribe to our newsletter to get alerts about new posts, local news, and industry insights. Our team had a great time at CannaCon Midwest Detroit in June, and everyone is looking forward to connecting with familiar and new faces in Chicago. .
The cannabisindustry is hotter than ever, with new deals announced almost every day, and merger and acquisition activity at an all-time high. As per Viridian Capital Advisors’ Viridian Cannabis Deal Tracker, investments in the marijuana industry surpassed $13.85 How to invest in Marijuana Stocks.
The Cannabis Administration and Opportunity Act and comes in at a hefty 163PP. This is big: Today @SenBooker @SenSchumer and I are releasing our draft legislation to end the federal prohibition of cannabis. Here Are The Full Details Of The New Federal Marijuana Legalization Bill From Chuck Schumer And Senate Colleagues.
The first topic we’ll cover is how to start a cannabisbusiness, including tips on location, cost, and long-term success in cannabis. While it may seem like state legalization is a green light for cannabisbusinesses to open up on every corner, it’s not quite that simple. Take California for example.
We must actively choose to support women and minorities in cannabis 24/7/365. Women and weed: A history of cannabis and women’s health. If we’re ever going to address the issues that minorities in cannabis face, we have to put in the effort to learn what problems we’re dealing with. . But that isn’t enough.
For the last three months, ten businesses have given the Momentum Incubator everything they’ve got. The winners earned $50,000, and the chance to pitch their businesses to heavyweights and investors gathered to hear their entrepreneurial ideas. Eaze announces 10 winners of $50k cannabisbusiness grants. Chris Webber.
MGO (Macias Gini and O’Connell LLP) has released the “Cannabis IRS Tax Audit Survival Guide.” This guide is free to download and contains over 15 pages of detailed financial and accounting best practices designed to help cannabis operators limit tax issues and navigate the IRS audit process.
CPA’s “ PUBLISHER: CANNABIS LAW REPORT. Illinois Cannabis Legislation – titled Illinois Cannabis Regulation and Tax Act introduced, and in classic Illinois fashion Governor Pritzker is already crowing about the bill making Illinois a leader, even though nine states have already legalized adult use.
The Grand Rapids Business Jnl. A Grand Rapids-based organization helping cannabis job seekers recently received formal 501(c)(3) status. Courtesy Our Cannabis. “A A cannabis nonprofit is a rarity in the field,” said Matt Hoffmann, co-founder and chair of Our Cannabis. “To Matt Hoffman.
PUBLISHER: CANNABIS LAW REPORT. . We have defined the roles and skills of the participants in the financial and tax space for the legal commercial cannabisindustry. The core team of advisors should be selected, the composition of which will vary according to the size, nature and operations of the business. [We
What about physician educational setbacks concerning medical cannabis? Highlighting how we can improve physician education is the purpose of the insightful Educating Healthcare Professionals About the Medical Use of Cannabis by the Society of Cannabis Clinicians. This cannabis issue affects all of us in different ways. .
The Pacific Daily News reports . That’s how much Guam’s legal marijuana industry needs to produce in a year to match what is being sold illegally on island and undercut the illegal market, said William Parkinson, the public representative on the Cannabis Control Board. Cannabis Control Board reaction. Three tons.
In my opinion, it seems that MedMen didn’t get the memo, or they’re busy playing golf. . • • • • • • • • • • • • • •. Two Florida medical cannabis licenses are for sale totaling $95 million, the Tampa Bay Times reports. MedMen continued their Florida Expansion With Three New Stores in St. SHORT HONEYMOON?
This article highlights different areas you can begin with cannabis investments and should not be considered investment advice. The legal cannabisindustry has taken root in our economy and throughout our daily lives. And even those who don’t consume have probably run into a cannabis headline in their mainstream media.
Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. A complaint filed by GenCanna trustee Oxford Restructuring Advisors says the Hemp Industries Association (HIA) received a wire transfer of $50,000 from the bankrupt CBD manufacturer in 2019, at a time when it was insolvent. Law 360 (sub.
In this interview Bruce shares the latest news from around the country and about Hemp, Inc. – Microcap Daily is an equity news and research organization focusing on micro and small cap companies. OTCMKTS: HEMP).”. The article also highlights Hemp, Inc. CEO Bruce Perlowin’s role as the subject of the No. s reporting status.
Through the years cannabis activists have risked their own freedom in the hope that one day we would be free to choose a strain without fear or pain. He helped edit ‘The Emperor Wears No Clothes’ and in 1987 went on a book tour with Jack across Midwestern colleges spreading the good news. First Encounter With Cannabis.
of the vote in a recall election can be replaced by someone who gets 20% or even less. A conservative talk radio host, Elder would mean trouble for the state’s cannabisindustry, said Jared Schwass, who practices law in the cannabis space as the founder of California-based Schwass Law Firm.
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