Sentences with phrase «by marijuana businesses»

Senators Elizabeth Warren and Bernie Sanders want regulators to stop penalizing legitimate vendors hired by marijuana businesses left in a legal gray area between state and federal law.

Not exact matches

By virtually every measure, prohibition of cannabis with high THC commonly known as marijuana and the variant with no recreational drug potential commonly known as hemp has cost the U.S. economy billions of dollars in missed business opportunities and wasted resources spent unsuccessfully fighting the so - called war on drugs.

These startup businesses, companies selling vaporizers, CBD products, and software to marijuana users or marijuana companies, were kicked off payment processors and other mainstream business platforms en masse as a result, entrepreneurs affected by the purge say.

Two documents, totaling more than 230 pages and issued by the Marijuana Enforcement Division, a branch of the Colorado Department of Revenue, spell out the rules for medical and recreational marijuana buMarijuana Enforcement Division, a branch of the Colorado Department of Revenue, spell out the rules for medical and recreational marijuana bumarijuana businesses.

Tree — who said the policy change restored a price support for growers by reintroducing a «federal risk premium» — told Business Insider that while consumers in states were marijuana was legal were probably used to a high - quality and tested product, he suspected cracking down on legal marijuana production and sales would incentivize trafficking of lower - quality marijuana to states where the drug is still illegal.

Learn a lot more about financing in the book Start Your Own Cannabis Business: A Step - By - Step Guide To The Marijuana Industry.

The process of branding cannabis businesses is further slowed by marijuana's classification under the federal Controlled Substances Act as a Schedule 1 drug (along with heroin, LSD and other hallucenogens).

With those stats from the city of Oakland's Department of Race and Equity in hand, the City Council voted unanimously Tuesday to overhaul the nation's first equity program to set aside 50 percent of medical marijuana and cannabis business permits during the first phase of permitting for people affected by the War on Drugs.

The leeway given banks by the Treasury and Justice departments to handle marijuana business accounts could disappear with the 2016 general election, said Bend attorney Michael Hughes, whose clients include marijuana businesses.

The transaction was heralded by some as a game - changer for Canada's cannabis industry, with an established, out - of - market player giving a vote of confidence in the country's marijuana business.

MIG was founded in 2010 by cannabis business owners and supporters who wanted to help craft Colorado's earliest medical marijuana regulatory framework.

In fact, the guidance issued by the Financial Crimes Enforcement Network (FinCEN) included this sentence, removing any doubt about whether the federal government was signaling that this activity can be conducted: «This FinCEN guidance clarifies how financial institutions can provide services to marijuana - related businesses consistent with their BSA obligations.»

«We are pleased to see the Obama administration will not cause harm to citizens and states by shutting these businesses down, and hope this will lead to an expansion of sensible policies related to marijuana, such as allowing these businesses access to banking, and taxing them at a fair rate,» said Aaron Smith, executive director of the National Cannabis Industry Association, a Washington, D.C. - based trade group that represents what it says are the thousands of firms involved in marijuana production and sales.

South Florida's budding business of medical marijuana keeps losing potential real estate, city by city, even though voters overwhelmingly indicated they are in favor of allowing it.

Despite growing calls for legalization across the globe and in the US, many marijuana users and businesses are regularly targeted by large media organizations and subject to discrimination based on outdated and misguided anti-marijuana laws.

The legalization of marijuana will open unprecedented opportunities around the world, GrowPayment will play a critical role to the industry development by strengthening businesses and increasing consumer experience.

«I believe marijuana and beer fit into this gray area, of substitutes and complements,» Michael Uhrich, economist of the Beer Institute trade group, said at a meeting earlier this year, according to an account by Beer Business Daily.

Imagine all of the money that we can save by decriminalizing marijuana, and we also take away the business in Mexico AND get the bad guys off our streets too.

By legalizing recreational use of marijuana, according to the provisions of Krueger's bill, the revenue earned from marijuana - related businesses can be funneled back into the communities that bore the impact of criminalization.

At the forum, held by the Bull Moose Club, a political and business venture, Miner and DeFrancisco disagreed — politely — on whether marijuana should be legal in the state.

The mayor will be under pressure to appoint a minority candidate, but former NYPD Chief of Department Philip Banks — who left the force after a power struggle with Bratton — has taken himself out of the running by working for a medical marijuana - distribution business, Compassionate Care Center of New York.

But in the process, their drug - abusing antihero, Jude Keffy - Horn (Asa Butterfield), becomes a pallid stand - in for all children raised without conventional boundaries by post-hippie parents like Harriet (Julianne Nicholson), a glass - blower in Lintonburg, Vt. (a fictionalized version of Burlington), and Les (Ethan Hawke), an artisanal marijuana dealer who left Harriet and his kids and moved his underground business to St. Mark's Place in the East Village.

If the Insured Person told us that he / she was a smoker and it has been 12 months or more since he / she last smoked or used any substance or product containing tobacco, nicotine or marijuana, he / she can apply for non-smoker rates by completing a Business Credit Life Insurance Notification of Change Form.

A married pair of prominent Massachusetts lawyers — one a professor at Suffolk University Law School — have been tied by their son to his business growing and selling marijuana.

News that the federal government appears to be poised to legalize recreational marijuana use by July 1, 2018 is having an impact on the markets — and a welcome development for lawyers who work with clients involved in related businesses.

In addition to the need for labor lawyers, tax and business - transactions lawyers will become more and more in demand as state - level medical and recreation marijuana reforms create new needs for new businesses to sort through new tax laws and business - planning challenges posed by operating a state - permitted marijuana business.

By contrast, businesses that contract with the government or that are in regulated industries, like air travel, or that have safety concerns involving machinery, are continuing marijuana tests, employment lawyers say.

If the Insured Person told us that he / she was a smoker and it has been 12 months or more since he / she last smoked or used any substance or product containing tobacco, nicotine or marijuana, he / she can apply for non-smoker rates by completing a Business Credit Life Insurance Notification of Change Form.

By accepting bitcoin and using it up and down supply chains, marijuana businesses will have access to a secure financial system that is just as effective as traditional banking — if not more.

Businesses dealing with cryptocurrency and legal marijuana have had accounts closed and been refused banking services pursuant to a practice labeled «pre-risking» by bank executives.

The FAQs cover a variety of topics including how to treat income earned by borrowers from state legalized marijuana, unreimbursed business expenses, repossessions and eligibility for borrowers with limited credit histories, among others.

Financial institutions are regulated by the federal government and are subject to criminal and administrative sanctions if they offer services to marijuana businesses.

(a) any damages or losses arising out of having a tenant in the marijuana business is covered by her insurance policy; and

There is one sure - fire way to avoid all of the problems as noted by Natalka; don't become involved in leasing to a marijuana business.

Despite memos issued by the Federal Treasury and Justice Departments, there continues to be controversy and disagreements within the banking industry over whether or not banks can accept money or make loans to participants in legal marijuana businesses.

The status quo remains in effect, which is to say that even having bank accounts, for marijuana - tenanted properties remains just out of reach for the nearly 2,200 retail, manufacturing, and grow businesses in Colorado (as reported by The Denver Post).