The expert lawyers at the Cannabis Legal Group discuss the business planning necessary to obtain a medical marijuana business license. The Michigan Medical Marijuana Facilities Licensing Act authorizes the Department of Licensing and Regulatory Affairs (LARA) to begin accepting applications for commercial marijuana licenses. The state will license dispensaries, cultivations, marijuana infused processors, testing laboratories and secure transporters. Those who wish to obtain a license will have to have a solid business plan. The plan will demonstrate that the business has the appropriate funding, liquidity, and financial expectations to ensure a solid and successful operation. The lawyers of the Cannabis Legal Group, Michigan’s most qualified and experienced marijuana boutique law firm explain this important topic.
Cannabis News: A judge in south Jersey has ruled that a man injured on the job at a lumber company will have his medical marijuana tab paid by his employer’s workers compensation insurance. This is a landmark decision for New Jersey.
The Judge said in the ruling that the injured employee provided thorough testimony that showed the effects of marijuana were not as debilitating as the effects of the Percocet previously taken by him and that as a result of his improved pain management, he had achieved a greater level of functionality. The judge said the worker was cautious, mature and exceptionally conscientious about managing his pain.
John Sarno, who as president and general counsel for the Employers Association of New Jersey often holds seminars on marijuana and the workplace, called the ruling “a straightforward reading of the law.”
More than 450 people suffering from post-traumatic stress disorder have now enrolled in New Jersey’s medical marijuana program after Gov. Christie agreed to add PTSD to the list of treatable conditions.
The PTSD enrollees amount to about 4% of the 10,800 patients who legally buy medical cannabis from one of New Jersey’s five dispensaries. The increase adds further momentum to New Jersey’s medical cannabis program.
New Jersey’s Medical Marijuana program has been hampered by governor Christie who has shown little enthusiasm for medical cannabis. New Jersey also lacks doctors willing to be certified in the medical cannabis program.
Over 70,000 people have signed a new petition calling on the DEA to stop disseminating false information about medical cannabis and ensure that any future information reflects medically-accurate and up-to-date facts.
The filing could bring major changes to the way medical cannabis laws and regulations are treated by public officials. For decades, politicians have stated that now-disproved harmful effects were reasons to either prohibit or impose burdens on patients seeking safe and legal access to medical cannabis. The DEA admitted this past August that cannabis is not a gateway drug and does not cause long-term brain damage, psychosis, and other alleged harms however they have not removed these disprove references and are continuing to spread inaccurate information.
The Arkansas Medical Marijuana Commission also decided that people who apply must have a million bond or assets worth million and be able to show 0,000 in cash liquidity. The requirements are in addition to a ,000 application fee.
Weedtuber Rejoice: Elizabeth Warren and several other US Senators have asked the Financial Crimes Enforcement Network to stop punishing banks that do business with cannabis-related companies in states where the sale of marijuana has been legalized.
The letter written by the Senators reads as follows:
“Most banks and credit unions have either closed accounts or simply refused to offer services to indirect and ancillary businesses that service the marijuana industry. A large number of professionals have been unable to access the financial system because they are doing business with marijuana growers and dispensaries. To be clear, these legitimate, indirect businesses have been unable to open checking accounts and accept credit cards or checks. In some cases they have also lost access to existing accounts, such as retirement accounts, and have been forced to pay their employees, taxes, and bills in cash. Locking lawyers, landlords, plumbers, electricians, security companies, and the like out of the nation’s banking and finance systems serves no one’s interest.”
Warren said fewer than 3 percent of the nation’s 11,954 federally regulated banks and credit unions are serving the cannabis industry.
Democratic President Barack Obama’s administration has essentially turned a blind eye to state laws legalizing the drug, and supporters of legalizing marijuana hope Republican President-elect Donald Trump will follow suit.
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