On June 13th Governor John Kasich signed legislation, Senate Bill 204, into law so that certain drug offenses are no longer punishable by a mandatory loss of one’s driver’s license. House lawmakers previously approved the legislation in a 95 to 2 vote while Senate lawmakers unanimously approved the legislation. Under previous law, any drug conviction carried a mandatory driver’s license …
Legislature aware part of Ohio pot law legally questionable
Apparently unconstitutional portions of Ohio’s medical marijuana law, which set aside a percentage of the state’s pot licenses for minorities, were spotted during legislative debate but left in the bill to gain needed votes, a key lawmaker says. State Sen. Bill Seitz, a Cincinnati Republican, said legally prickly provisions exposed by The Associated Press in June may require changes. The …
Here’s how the IRS will hurt Ohio’s medical marijuana industry
Marijuana businesses that crop up around Ohio once the state’s medical marijuana law goes into effect are likely to face a steep tax burden. A line in the Internal Revenue Code known as Section 280E prohibits businesses involved with the trafficking of illegal drugs from deducting any business expenses from gross income. Since marijuana is illegal at the federal level, …
Entrepreneurs & Medical Professionals: Here’s What You Need To Know About The New Ohio Medical Marijuana Industry
With medical marijuana being legal in Ohio only a short time away, many hopeful entrepreneurs, medical professionals & patients are still wondering how exactly this is going to allow them to get involved in this new budding industry. We will try our best to document all of the available information here for those that are curious and want to get …
Hundreds flock to medical marijuana conference
Roughly 400 people packed into a meeting room at Ohio State University on Wednesday, hunting for information on just how Ohio’s new medical marijuana industry will unfold. The newly formed Ohio Cannabis Association organized the three-hour networking and information session at the Ohio Union. It drew in state Sen. Kenny Yuko, D-Richmond Heights — a key legislator behind the new …
Trade organization to serve as voice for marijuana entrepreneurs amid regulatory uncertainty
With medical marijuana slated to become legal in Ohio on Sept. 8, potential cannabis entrepreneurs are faced with two major challenges: growing an entire pot industry from the ground up, and avoiding being choked out by state bureaucrats. Those challenges comprised the major theme of the Ohio Cannabis Association’s public forum Wednesday night. The group serves as the first marijuana …
Ohio Potrepreneurs Should Prepare For Regulatory Haze Of Conflicting State And Federal Rules
As Ohio prepares for its new medical marijuana law to take effect, potential pot proprietors are left wondering how things are going to shake out for the industry, legally speaking. Even as states like Colorado and Washington enter their fourth year of full legalization, ambiguities about the legality of cannabis persist. Many banks shy away from doing business with pot-related …
Cashless payment system proposed for Ohio medical marijuana program
Ohio’s new medical marijuana law proposes a new way around the bank problem. The law allows state officials to set up a “closed loop” payment processing system, similar to prepaid debit and gift cards. Sen. Bill Coley, who proposed that part of the law, said it will alleviate security concerns associated with securing and transporting large amounts of cash and …
Cashless payment system proposed for Ohio medical marijuana program
Could Ohio have a solution to the marijuana industry’s cash-only problem? The state’s new medical marijuana law proposes a closed-loop payment processing system that would rely on something similar to pre-paid debit or gift cards, according to Cleveland.com. Legal marijuana companies have had to rely on cash-only transactions because banks, credit unions and credit card companies are reluctant to do …
Ohio Board of Pharmacy must establish the following standards and procedures for Patients of Medical Marijuana
The Ohio Board of Pharmacy must establish the following standards and procedures to register patients, caregivers and retail dispensary licenses for the program by September 6, 2017: Application procedures and fees for licenses and registration All of the following: Conditions for eligibility for a license Criminal offenses that disqualify a party from obtaining a license Criminal offenses that do not …