Cannabis and 401(k): An Unexplored Frontier in Retirement Benefits
Introduction The cannabis industry is experiencing unprecedented growth and success, yet one area remains largely unexplored: retirement benefits. While companies
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Retirement and Health
Legality of Cannabis Retirement and Health Plans
The Illinois Secure Choice Mandated Retirement Program May Mean Penalties to the State’s Cannabis Industry
Cannabis companies in Illinois are not exempt from providing either Secure Choice or a 401(k) plan to their employees.
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Once and For All: IRC and ERISA Say Cannabis 401k Plans Can Exist
The cannabis industry is in dire need of proper guidance as to how to appropriately provide 401k and other employee benefits to its employees.
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Ancillary Cannabis Industry Markets
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.
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Cannabis 401(k) Plans — Why They Are Legal
How cannabis 401(k) plans are legal
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With Millions Searching for “Essential” Jobs, Cannabis Companies need to Consider Employee Benefits NOW
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.
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Cannabis 401(k) Plan: How the Tax Code Provides the Authority
The Internal Revenue Code expressly permits cannabis employees to participate in a retirement plan just like other, non-cannabis employees.
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CARES Act Relief: Health and Welfare Plan Provisions
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.
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Cannabis 401(k) Plans: Here’s Where We Stand Now
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.
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