As of January 2022, Congress is considering three proposals, with another on the way, which would end the federal prohibition on growing, processing, selling, and consuming cannabis. Each would create a comprehensive system of federal regulation. With proposals from both parties, two Democratic and two Republican, it’s clear cannabis reform is one of the few issues in Washington which has bipartisan support.
Although the proposals differ widely in some areas, all of them grant regulatory authority to the U.S. Department Department of Treasury through it’s Alcohol and Tobacco Tax and Trade Bureau. Every one would also require that cannabis businesses obtain a federal license to continue to operate.
In the current edition of the “State of the Plant” the Verde Compliance team outlines each proposal’s licensing requirements, and provides some tips on how you can prepare your business to apply for, and obtain, a federal cannabis license.
Click the link below to download the report and find out how to prepare your business:
“State of the Plant Volume 2: Federal Cannabis License Requirements”
Verde Compliance Partners is a national consulting firm focused on guiding clients through federal cannabis permitting, taxation, and regulatory compliance. Our firm prepares and navigates cannabis growers and processors through the regulatory, legal, and administrative requirements necessary to comply with current and future federal regulations. With decades of experience in high level positions in the U.S. Tax and Trade Bureau (TTB), and it’s predecessor, the Bureau of Alcohol, Tobacco, and Firearms (BATF), Verde is uniquely qualified to prepare cannabis industry stakeholders for the implementation of federal regulation.