California – CaNorml.org https://www.canorml.org Thu, 20 Feb 2025 16:11:48 +0000 en-US hourly 1 https://www.canorml.org/wp-content/uploads/2020/08/cropped-favicon-1-32x32.png California – CaNorml.org https://www.canorml.org 32 32 Cal NORML Opposes Cannabis Cultivation Tax Hike https://www.canorml.org/cal-norml-opposes-cannabis-cultivation-tax-hike/ Mon, 22 Nov 2021 14:57:44 +0000 https://www.canorml.org/?p=20511 November 22, 2021 – The California Dept. of Taxation and Fee Administration has ruled that the cultivation tax on legal cannabis be raised from $9.65 to $10.08 per dry-weight ounce of flower, from $2.87 to $3 for leaf, and from $1.35 to $1.41 for fresh material starting on January 1, 2022.

California Should Be Reducing, Not Increasing Cannabis Taxes

Cal NORML denounced the tax hike as wrong-headed and untimely. “The legal industry is already so burdened by excessive taxes and regulation that it cannot compete with unlicensed marketers,” says California NORML Director Dale Gieringer.…

]]> November 22, 2021 – The California Dept. of Taxation and Fee Administration has ruled that the cultivation tax on legal cannabis be raised from $9.65 to $10.08 per dry-weight ounce of flower, from $2.87 to $3 for leaf, and from $1.35 to $1.41 for fresh material starting on January 1, 2022.

California Should Be Reducing, Not Increasing Cannabis Taxes

Cal NORML denounced the tax hike as wrong-headed and untimely. “The legal industry is already so burdened by excessive taxes and regulation that it cannot compete with unlicensed marketers,” says California NORML Director Dale Gieringer.…

]]> ALERT: USPS, Other Shippers to Cease Sending Cannabis Oil Vape Products https://www.canorml.org/alert-usps-other-shippers-to-cease-sending-cannabis-oil-vape-products/ Wed, 31 Mar 2021 20:09:10 +0000 https://www.canorml.org/?p=18760 UPDATE 10/21 – A close-up of a person vaping with an electronic cigarette. The individual's hand is holding the black and silver e-cigarette, which emits vapor, and the mouthpiece is near their lips. A blue light is illuminated on the device. Public housing policies often discourage such activities. The background is blurred. CA NormlUSPS Releases Final Rule Banning Mailing Of Hemp, CBD And Marijuana Vapes

March 31, 2021 – Consumers wishing to buy products to vape cannabis oils may want to make their purchases ASAP before vape companies and shippers move to comply with a new US law banning shipment of certain vaporizer products. We have heard from one company that will cease shipping to certain CA zip codes as of noon tomorrow (April 1 – no fooling).

The law should not affect devices used to vape dry herb or waxes, only oils.…

]]> UPDATE 10/21 – A close-up of a person vaping with an electronic cigarette. The individual's hand is holding the black and silver e-cigarette, which emits vapor, and the mouthpiece is near their lips. A blue light is illuminated on the device. Public housing policies often discourage such activities. The background is blurred. CA NormlUSPS Releases Final Rule Banning Mailing Of Hemp, CBD And Marijuana Vapes

March 31, 2021 – Consumers wishing to buy products to vape cannabis oils may want to make their purchases ASAP before vape companies and shippers move to comply with a new US law banning shipment of certain vaporizer products. We have heard from one company that will cease shipping to certain CA zip codes as of noon tomorrow (April 1 – no fooling).

The law should not affect devices used to vape dry herb or waxes, only oils.…

]]> Countering the Myths of Cannabis Banking https://www.canorml.org/countering-the-myths-of-cannabis-banking/ Fri, 03 Jul 2020 17:47:24 +0000 https://www.canorml.org/?p=14486 dama-financial-canorml-photo

By Dama Financial

Myth 1: It is illegal for Banks to serve Cannabis-related Businesses because marijuana is illegal under federal law.

The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. However, 10 states plus Washington D.C. have fully legalized marijuana and 33 states have legalized it for medical uses.

In 2014, the U.S. Treasury acknowledged banking relationships between financial institutions and legal cannabis-related businesses (CRBs) through its release of FinCen guidance. The guidance stated that serving CRBs was a risk-based decision, and expressed that thorough customer due diligence is a critical aspect of making an assessment and whether a CRB implicates the Cole Memo priorities or violates state law.…

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By Dama Financial

Myth 1: It is illegal for Banks to serve Cannabis-related Businesses because marijuana is illegal under federal law.

The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana. However, 10 states plus Washington D.C. have fully legalized marijuana and 33 states have legalized it for medical uses.

In 2014, the U.S. Treasury acknowledged banking relationships between financial institutions and legal cannabis-related businesses (CRBs) through its release of FinCen guidance. The guidance stated that serving CRBs was a risk-based decision, and expressed that thorough customer due diligence is a critical aspect of making an assessment and whether a CRB implicates the Cole Memo priorities or violates state law.…

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