This version replaces the preliminary draft rule published last month. There will be a public hearing on the proposed rule on March 22.
All stores must obtain a retail tobacco license in order to sell items like vape cartridges/batteries, rolling papers, pipes, and other smoking paraphernalia. Electronic smoking devices are also subject to an additional 43% excise tax.
Outsourcing the tasks associated with renewing multiple licenses and registrations can help cannabis businesses focus on their day-to-day operations.
Bankruptcy, restructuring & creditors’ rights attorney Kellie Fisher provides an overview of this rapidly-evolving area of law for cannabis businesses
Navigating the evolving federal guidance and legislation on banking in cannabis can be difficult for banks and financial institutions. Thus, we encourage those seeking to offer financial services to MRBs to work with experienced legal counsel to ensure compliance.