MFE Insurance, a California cannabis insurance company, recently released a blog discussing the use of surety bonds for marijuana dispensaries. While there is no single surety bond available for the industry on a national basis, states require medical and recreational dispensaries to carry various types of bonds before they can begin operation. Surety bonds provide a financial guarantee that the bond holder will fulfill contractual obligations to the state for various purposes, such as the reporting and payment of sales taxes. If the bond holder does not follow through on these obligations, the surety agency will step in to secure payment for the government. To get licensed, a dispensary must submit an application with its respective state, and while there are 29 states that have legalized marijuana use in some form, Colorado is the only state currently accepting new applications. Applicants will pay a premium of between one percent and 15 percent of the bond amount in order to obtain one, though applicants with bad credit may have to pay a higher amount. Each state has its own requirements for those seeking to obtain a marijuana surety bond. For example, applicants must agree to adhere to certain construction standards while   Read more…

Alexandria, Virginia (findit) May 3, 2019 – Smart HR, a Northern Virginia HR solutions firm, recently created a 2019 HR compliance audit checklist. Performing an HR audit is an important step in ensuring that your business is operating properly. A comprehensive HR audit touches upon every aspect of your hiring, safety, and operations procedures and analyzes them to identify areas for improvement. First, conduct a thorough review of employee files and records to ensure that the information in them is correct. This information could be important in determining compensation or getting in touch during an emergency. It’s also important to review your employee handbook and workplace policies, making updates and changes as necessary to reflect your company’s values and any changes in workplace law. Pay careful attention to your recruiting and hiring processes, compensation and promotion guidelines, complaint procedures, and health and safety measures. Clearly outlining each of these areas to your managers and employees can help create a safe, supportive, and stress-free environment for everyone working at your company. Performing HR compliance audits on a regular basis helps make your business one at which employees enjoy working. It ensures that your policies are up to date and reflect the   Read more…

Users of Snapchat beware. Multiple reports are coming out that employees across multiple departments of Snapchat were able to view user location information, phone numbers, email addresses, and saved snaps through a tool known as ‘SnapLion.” Motherboard spoke to a total of 5 people from snapchat, four former and one current employee who all confirmed the existence of SnapLion. What is troubling about this new-found information is how easily and readily employees at Snapchat and across several departments were able to use the tool for unrelated, internal purposes such as dealing with spam and abuse on Snapchat. No information has been released form Snap Inc at the time of publication on whether or not the abuse has occurred. However, should an investigation reveal abuse did happen, Snap Inc has said employees would be terminated.

In a first ever agreement between Canada’s largest cannabis company by market cap, Canopy Growth, and the largest multi-state U.S. Cannabis Operated, Acreage holdings,  two separate shareholder votes are to take place on June 19. Quote:“The deal in place for Canopy to acquire Acreage Holdings whenever cannabis sales become federally permissible in the U.S. will require at least 66% approval from shareholders in both companies in order to close. In an interview Wednesday with Yahoo Finance’s YFi PM, the CEOs of both companies reiterated their belief that shareholders will overwhelmingly support the deal, with Acreage Holdings CEO Kevin Murphy estimating the odds of passage at “100%.”” – Zack Guzman,

MPX International which trades on the OTC under MPXOF announced this Tuesday that it had completed the purchase of Swiss-based HolyWorld SA, which operated under the Holyweed Brand. The purchase was in the amount of 10 million swiss francs which is roughly $9.91 million USD, and was paid to HolyWeed shareholders Romain Grunder, Bernard Rappaz and Laurent Rappaport. HolyWeed is Switzerlands only CBD brand that received the official Swiss Certified Organic Label. “The company’s products include Swiss-grown cannabis light/high CBD pre-rolls; dry flowers; sublingual oils; and cosmetics. Later this year, HolyWeed plans to harvest over 25,000 kilograms of high-CBD dry cannabis flower. HolyWeed has a wholesale distribution network of more than 4,000 kiosks across Switzerland. Its products can also be ordered online and delivered across the country within 24 hours free of charge.” By Alex Oleinic, https://finance.yahoo.com/news/mpx-international-finalizes-purchase-swiss-185243382.html

Findit, Inc. (OTC PINK: FDIT), owner of Findit.com the social networking content management platform announces intent to add Messages to the recently released Findit App in Apple and Google App Stores. Findit, Inc. a Nevada Corporation trading under the stock symbol FDIT will be rolling out messaging between its members in the coming week(s). The messaging feature is a fundamental part of most social networking sites to provide members a more private and direct way to communicate with one another in addition to liking or commenting on a post. Messages in Findit will provide all members the option to send messages to one another privately. Members will also receive an online notification inside their Findit account when a member clicks the peace sign or leaves a comment. A message will be sent to the member’s notification icon when someone clicks on a peace sign or leaves a comment under a members post. Peter Tosto stated, “The addition of messages for members to communicate directly and privately as well as be notified is a feature we see quite a bit of value in attracting a more diversified member base while giving our existing members a great way to communicate with one   Read more…