Not exact matches
Not least, legal
marijuana businesses are on a hiring binge, employing everyone
from scientists to cashiers.
In many places, such as in California and Colorado,
businesses and communities vie against each other to win potentially lucrative licenses
from the state for creating and operating
marijuana cultivation centers and retail outlets.
The
Marijuana Business Access to Banking Act would prohibit any federal banking regulator from «prohibiting, penalizing or otherwise discouraging a depository institution from providing financial services to a marijuana - related legitimate busines
Marijuana Business Access to Banking Act would prohibit any federal banking regulator from «prohibiting, penalizing or otherwise discouraging a depository institution from providing financial services to a marijuana - related legitimate business
Business Access to Banking Act would prohibit any federal banking regulator
from «prohibiting, penalizing or otherwise discouraging a depository institution
from providing financial services to a
marijuana - related legitimate busines
marijuana - related legitimate
businessbusiness.»
Some have suggested that small community banks may be the first to step up to the plate because the revenue
from marijuana businesses would be more significant for them.
Bankers and those in the expanding legal
marijuana business say new guidelines
from the Obama administration aren't enough.
The financial industry will need more than a few signals
from the White House that it's safe to bank legal
marijuana businesses.
According to a statement
from Commissioner Dave Jones, his department approved the first admitted commercial insurance company, Golden Bear Insurance, to cover state - legal
marijuana businesses.
The software connects to the cannabis company's point - of - sale system as well as the state's seed - to - sale system, which follows
marijuana plants
from the grow house until they're sold to a customer, to monitor the
business and ensure compliance.
«The advocacy community has suggested that DEA's statement that they would decide on the Gregoire - Chafee rescheduling petition this summer is a sign that they are moving toward reforming policy with regard to
marijuana,» Hudak told
Business Insider, referring to a 2011 petition
from Govs. Lincoln Chafee of Rhode Island and Christine Gregoire of Washington state.
(Last month a federal bill was introduced that would shield banks
from potential liability for serving legal
marijuana businesses.)
In a recent court case, the 9th Circuit Court of Appeals ruled that the Department of Justice is prohibited
from using federal funds to prosecute
businesses who operate within state laws regarding medical
marijuana.
In 2016, according to a
Marijuana Business Daily report, the industry employed approximately 150,000 people nationwide,
from lab technicians in testing facilities, extraction scientists to retail jobs at dispensaries.
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.
«Currently, under federal banking laws, many legal, regulated legitimate
marijuana businesses — operating legally according to state law — are prevented
from maintaining bank accounts and accessing financial products like any other
business, such as accepting credit cards, depositing revenues or writing checks to meet payroll or pay taxes,» Perlmutter said.
Many
businesses are quietly dropping
marijuana from the drug tests they require
from prospective employees, AP's Christopher Rugaber reports.
The GrowPayment
business model is derived
from our vision to boost the cannabis economy and support
marijuana related
business.
As
Business Insider notes, «Based on seven major illegal drug data surveillance systems, the researchers found that heroin, cocaine and
marijuana became significantly cheaper and more potent
from 1990 to 2007 (the last year for which data is publicly available).»
I happen to know firsthand that many Fortune 500 companies are already exploring the possibilities,
from adding
marijuana - derived ingredients to food and beauty products to investing in some of the high - growth
businesses that are dominating the markets in Colorado and California.
Look at Nate and Nick, they have money, have their own
businesses from their own academies, clothing brand,
marijuana - related products... sometimes Nick Diaz gets $ 15 - 20K just to show up at a party for damn sake... they hang out with all the famous artists and rappers, they get invited to events just to light up a joint, people design customised weed joints for them that costs thousands of dollars... but cant remember the last picture Nate posted bragging about money or expensive jewellery...
The state has yet to finalize regulations for medical
marijuana cultivation and dispensing centers and sales, nor are they addressed in the Village of Orland Park Land Development Code, but village staff have already received informal inquiries
from medical
marijuana businesses, said Karie Friling, director of the Development Services Department.
Columbia Care NY, a New York City - based medical
marijuana company, launched a home delivery
business in western New York last month, serving customers
from its manufacturing operation in Rochester, the company announced.
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.
Medical
marijuana has been picking up supporters in the state legislature, and Wednesday it was the subject of a public hearing at the capitol featuring
business owners
from Colorado, where pot is legal for both medicinal and recreation use.
Like Nevada, support for legalization in Arizona comes primarily
from various
businesses working in the medical
marijuana industry and from reform groups such as the Marijuana Policy
marijuana industry and
from reform groups such as the
Marijuana Policy
Marijuana Policy Project.
One of D'Amato's former
business associates, Joel Giambra, is also running for governor, pushing to legalize
marijuana and seeking backing
from the tiny Reform Party.
There are people
from out of country who have met with me like, «I want to get in the
marijuana business.»
News of a letter
from former DEA officials (some of whom profit
from drug - testing
business and, therefore, have a vested interest in keeping it illegal) to President Obama urging him to use federal power to put down Washington's and Colorado's recent local votes to legalize use of
marijuana in their states hit the media week.
J. Craig Williams: Paul Larkin, the federal government rules and regulations right now on
marijuana prevents the federal banking system
from dealing with anybody in the pot
business.
From a
business perspective, the legalization of
marijuana is going to touch a wide range of industries.
Proposals range
from adding PTSD to Colorado's medical
marijuana program to prohibiting Californian authorities
from aiding federal prosecution of the
marijuana business.
As both government bodies and cannabis - related
businesses are entering uncharted territory with
marijuana, regulatory agencies would like to ensure that the supply comes
from legal vendors and providers.
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.