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Florida Will Be The Next State To Legalize MMJ

Florida Will Be The Next State To Legalize MMJ

After years of tension between the states and the federal government, Congress quietly voted in December to end federal drug raids on medical marijuana facilities in states where MMJ has been legalized.  This was an important step in the process to legalizing medical marijuana nationwide. Twenty three states and DC have already legalized MMJ and/or recreataional marijuana, with another 13 states currently hammering out ballot measures for the upcoming elections.  Here is why Florida is poised to be state number 24. There Is Already A Law on The Books On June 16, 2014, Governor Rick Scott signed the “Compassionate Medical Cannabis Act of 2014” (Senate Bill 1030) into law.  This Act allows for low-THC strains of Cannabis such as Charlotte’s Web to be prescribed by certain physicians and to be used by patients only for certain seizure conditions for which there is no effective alternative treatment. While this law was passed last summer, implementation has been mired in red tape.  Growers and distributors have not yet been established.  In fact, the Marijuana Policy Project does not, at this time, consider Florida to be a medical marijuana state. A State Constitutional Amendment Nearly Passed in 2014 The Florida Right to Medical Marijuana Initiative, Amendment 2, was narrowly defeated on November 4, 2014.  The measure required 60% voter approval but just missed the mark with 58% of the vote Opponents of the amendment called it de facto legalization of marijuana.  They pointed out various loopholes that would have allowed people access to cannabis who would not necessarily be using it for medical purposes, and others such as teenagers and drug dealers who...
Creating Success: The Top 5 Advisors Every Owner Needs

Creating Success: The Top 5 Advisors Every Owner Needs

Even if the “Force” is with you, you still need a great team for advice and support. As your business grows, it’s hard not to wear many hats: manager, business development, HR, bookkeeper, marketer, even janitor.  When there is no one else to do the job, you step in and get it done. However, the most successful owners and GM’s have learned that you don’t have to go it alone. There are advisors who can help you along the way dealing with the challenging areas for small business: growing top line revenue, expanding margins and limiting liability. Success in these areas require guidance and expertise. Here are the top 5 advisors you should have on speed dial:   1. The Business Mentor Perhaps one of the most important (and often free) advisor choices you can make is the business mentor.  A business mentor can be a proven expert in your field or an entrepreneur in another field who is a little farther down the path that you are. A trusted mentor will be there to listen and advise you when the going gets tough, offering comfort, advice and information to get you back on track.  Whether this advice happens over the phone or over a cup of coffee, a great mentor will point you towards a recommended course of action to help you succeed.   2. The Legal Advisor Whether you are just getting started or you have been in the business for a few years somewhere along the way legal advice will be required.  Trusted legal counsel does much more than just represent you in the event of...
What You Need To Know About EPLI Coverage

What You Need To Know About EPLI Coverage

Imagine for a moment that your business receives a letter from an attorney threatening legal action.  It’s one of the 10 most common HR related legal claims, meaning it falls under one of the many hats you’re wearing.  You’re now tasked with limiting the potential impact this legal claim could have on your business.  Typically these lawsuits end in settlement which means considerable capital expenses. Fortunately there is a way to protect your business through risk management and practical insurance coverage.  Let’s explore some examples of claims that are commonplace in today’s evolving business world and the coverage you can implement. Examples Of Claims That EPLI Could Have Covered A recently terminated 42 year old employee is suing for age discrimination, alleging that only employees under 40 are being retained by your company. An administrative assistant who recently quit alleges that instances of sexual harassment she reported to management went unheeded, creating a hostile work environment. A group of  job applicants alleges race discrimination because they were not hired to work on an upcoming building contract. Lawsuits like these are commonplace, particularly in a tough job market.  They are the sorts of claims that could bankrupt your business if you don’t have the money to offer a sizable settlement or to fight a prolonged legal battle. The Basics of EPLI The specific insurance policy is called Employment Practices Liability Insurance (EPLI).  For seasoned entrepreneurs, the term is well known and the coverage is as standard as General Liability or Workers Comp.  EPLI is a very broad form of coverage that protects your business from legal action and lawsuits due to the following Human...