Retirement and Health Archives

Cannabis and 401(k): An Unexplored Frontier in Retirement Benefits

October 27, 2023 Editorial Staff Cannabis 401(k), Cannabis Employee Benefits, ERISA

Introduction The cannabis industry is experiencing unprecedented growth and success, yet one area remains largely unexplored: retirement benefits. While companies

401(k) Plan Availability 401k Options Compliance Employee Benefits SECURE Act Strategies

The Illinois Secure Choice Mandated Retirement Program May Mean Penalties to the State’s Cannabis Industry

September 13, 2020 Editorial Staff Cannabis 401(k), Cannabis Companies, Illinois Mandated Retirement, Secure Choice

Cannabis companies in Illinois are not exempt from providing either Secure Choice or a 401(k) plan to their employees.

280E 401(k) Plan Availability 401k Options Section 280E

Once and For All: IRC and ERISA Say Cannabis 401k Plans Can Exist

June 8, 2020 Legal Editor 280E, Cannabis 401(k)

The cannabis industry is in dire need of proper guidance as to how to appropriately provide 401k and other employee benefits to its employees.

Retirement and Health

Ancillary Cannabis Industry Markets

May 22, 2020 Editorial Staff Ancillary Cannabis, Ancillary Cannabis Industry

The ancillary cannabis market operates behind the scenes. It is made up of companies involved with the packaging of cannabis products, the provision of cash streaming to up-and-coming cannabis businesses, and the development of hydroponic technologies for the growers plus legal services and benefits providers.

401k Options Retirement and Health SECURE Act Strategies

Cannabis 401(k) Plans — Why They Are Legal

May 12, 2020 Legal Editor 2018 Farm Bill, 280E, 401(K) Plans for Hemp Companies, affliated service group, Cannabis 401k, Controlled Group Rules, Fiduciary Rules, MEP, pooled employer plan, Secure Act

How cannabis 401(k) plans are legal

Employee Benefits Retirement and Health

With Millions Searching for “Essential” Jobs, Cannabis Companies need to Consider Employee Benefits NOW

May 4, 2020 Editorial Staff Cannabis Employee Benefits

Employee benefits play a major role in attracting and retaining workers. At the end of the day, working employees are the key element that makes business possible.

The Internal Revenue Code provides authority for cannabis 401(k) plans

401k Options Employee Benefits

Cannabis 401(k) Plan: How the Tax Code Provides the Authority

April 26, 2020 Legal Editor 280E, 401(k), cannabis, CBD, controlled group, Department of Labor, DOL, ERISA, hemp, industrial hemp, Internal Revenue Code, IRS, Jewell Lim Esposito, legal cannabis production, marijuana, tax

The Internal Revenue Code expressly permits cannabis employees to participate in a retirement plan just like other, non-cannabis employees.

Employee Benefits Retirement and Health

CARES Act Relief: Health and Welfare Plan Provisions

April 23, 2020 Editorial Staff

The CARES Act amended (and expanded) the screening mandate under the Families First Coronavirus Response Act (FFCRA). As a refresher, the FFCRA requires insured and self-funded group health plans to provide coverage for COVID-19 screenings, as well as any items and services furnished during the office visit (including telehealth visit), urgent care center visit, and emergency room visit that results in an order for or administration of a COVID-19 screening.

401k Options Employee Benefits

Cannabis 401(k) Plans: Here’s Where We Stand Now

April 21, 2020 Editorial Staff 401k options, ERISA

Here’s where we stand re: Cannabis and the 401(k) plans that can provide competitive compensation and retirement savings ability to the 300,000+ employees in the fastest-growing industry in the United States.