Sentences with phrase «state marijuana business»

I suspect and fear that many law firms and many veteran lawyers will be, for various sound reasons, very cautious and concerned about representing any persons actively involved in state marijuana business.

In this Prawfs post a few months ago, I speculated that green (i.e., young / junior) lawyers may have a uniquely important role to play in the emerging marijuana «green rush» industry: not only may veteran lawyers be cautious and concerned about representing persons actively involved in state marijuana business, but marijuana reform often seems a «young man's game» for which junior lawyers may be uniquely positioned to be of service to persons needing legal help in this arena.

Not exact matches

«The tracking system is the most important tool a state has,» said Michael Crabtree, who runs Denver - based Nationwide Compliance Specialists Inc., which helps tax collectors track elusive, cash - heavy industries like the marijuana business.

Marijuana has become big business in the United States, and the biggest day for the industry is April 20, commonly referred to as «4/20.»

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.

Aeron Sullivan, the co-founder of Tradiv, an online wholesale marketplace for legal pot businesses to buy and sell marijuana, says there is no doubt pot production will be outsourced to other regions of the world and the southern states in the U.S.

However, some used business names clearly connected with selling medical marijuana in other states.

Marijuana interdictions at the Mexican border are down substantially, youth use has not increased in states with legal access to cannabis, and responsible cannabis businesses are contributing tens of thousands of jobs and hundreds of millions of dollars in economic impact to their communities.»

She worked on a range of projects including CNBC's Emmy - nominated Special Report about the financial crisis, Boom, Bust, Blame: The Inside Story of America's Economic Crisis; CNBC's Marijuana & Money Special Report; and America's Top States for Business.

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.

He told L.A. Weekly his main goal is to protect the burgeoning marijuana industry in the Golden State, which he called «one of the greatest businesses» in the sState, which he called «one of the greatest businesses» in the statestate.

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.

Although selling marijuana is now legal in 24 states and the District of Columbia, doing business as a legal marijuana company is a logistical nightmare.

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.

Sessions, a longtime opponent of marijuana, has hinted at initiating a federal crack down on state - legal marijuana businesses for the better part of a year.

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.

CreditCards.com (2013) reported, «nearly all banks and credit card companies, reluctant to run afoul of federal drug and banking laws that remain on the books, refuse to do business with even state - licensed sellers of marijuana.

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.

With marijuana now a legal business in many states, enthusiasts want to meet online like everybody else.

The announcement that the U.S. Department of Justice would no longer adopt a «hands - off» approach to states that have legalized marijuana use initially sent some in the industry into a tailspin, just days after the $ 7 billion California recreational weed market opened for business.

SAN FRANCISCO (AP)-- This week's announcement that the U.S. Justice Department was ditching its hands - off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $ 7 billion recreational weed market opened for business.

«As Blue Line deploys this solution in states where marijuana becomes legal, we believe our free online marketplace will become one of the industry's leading tools for licensed marijuana businesses.»

«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.

«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.

However, at Guidant we are conservative in our approach so will not take on these types of businesses — For example starting a pot shop in a state where marijuana is legal is not something Guidant will fund with ROBS, as marijuana hasn't been legalized federally.

He added that he wanted to be the «Steve Jobs» of «Cannabis and bitcoin» and that he'd provided his exchange services to other marijuana businesses, the affidavit states.

But, after several states started the decriminalization process and started allowing local growers to produce their marijuana crops under specifically outlined regulations, something dramatic happened: The cartels» business plummeted.

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.

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.

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.

Step into Kingsley's clinic in downtown Minneapolis and you'll find an ordinary looking office — a major selling point for state lawmakers in Minnesota as well as community members concerned with a business that is distributing medical marijuana.

But in the signing statement, the governor indicated companies that plan to operate in New York can import medical marijuana should they already be in business in other states that have medical marijuana programs.

As the state finalizes the medical marijuana program's draft regulations, advocates are making a final effort to call attention to their concerns over accessibility and affordability before the regulations are approved in the coming weeks and businesses begin submitting applications.

Gardner separately said in an interview Wednesday he is 80 % finished with legislation he is writing to ensure states don't run afoul of the federal prohibition on marijuana and to allow marijuana businesses access to the financial system.

Boosters of the state's fledgling medical marijuana industry are optimistic the business could grow in New York after nearby states approved recreational use laws last Tuesday.

DENVER (CBSNewYork / AP)-- Marijuana legalization in Colorado and Washington state could lead to big profits for people in the pot business, but industry entrepreneurs have plenty of questions about the recent votes.

On 1 January, California became the eighth state to legalize marijuana for adult recreational use, which many believe ultimately has a much larger business potential — despite recent headlines about its complicated legal status.

«I think it's going to get more and more prevalent as more states across the country start legalizing [marijuana], because it's a big business, and there's a lot of push to legalize recreational marijuana use,» Johnson said.

With the recent push for legalized marijuana in many states across the U.S., cannabis - themed businesses have seen explosive growth.

December 2, 2014 • In the year since Colorado made recreational marijuana legal, pot has become a billion - dollar business in the state.

Now that four more states have «legalized it,» marijuana business is primed to take off.

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.

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.

To address these challenges, we are requesting legislation that would provide a safe harbor for depository institutions that provide a financial product or service to a covered business in a state that has implemented laws and regulations that ensure accountability in the marijuana industry such as the SAFE Banking Act (S. 1152 and H.R. 2215) or similar legislation.

While some state leaders aren't nervous yet, the shift has made skittish some marijuana - focused businesses and states that are enjoying the tax benefits.

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.

Seven states so far have legalized cannabis for recreational use and medical marijuana is legal in 21 other states, but federally - funded banks can not serve the needs of cannabis - related businesses, because it is still an illegal drug under federal law.

As more and more states legalize the medical and / or recreational use of marijuana, demand for cultivation / grow facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding business.