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With the cannabis industry seeing immense growth and frequent legal changes, it’s critical to create a strong HR strategy. Follow these tips from Greenleaf HR to retain qualified and happy employees while ensuring compliance with federal requirements

Despite numerous states having legalized cannabis, it remains illegal federally under Schedule I of the Federal Controlled Substances Act. This fact makes it difficult for cannabis companies to obtain bank accounts and access other financial necessities. It also hinders the ability of these businesses to legally pay employees or operate as required for other industries.

Way back in 2013, the Obama administration signed the Cole Memorandum, mandating that state-licensed cannabis businesses would not be prosecuted unless they explicitly violated a federal law. Unfortunately in 2018, the Cole Memorandum was rescinded creating uncertainty throughout the industry.  As of September 2020, medical marijuana has been legalized in 34 states, recreational marijuana has been legalized in 12 states, and 27 states have decriminalized marijuana.

 

We can keep you compliant with state and federal human resource & payroll laws, as well as managing your personnel. Let Greenleaf HR’s team of human resource experts help navigate your business to success, often for much less than in-house.

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