Cannabis Law Report

SEPTEMBER 9, 2021

NEW YORK–(BUSINESS WIRE)–BTIG announced today that it will hold its first cannabis-focused conference, which will take place virtually, on Wednesday, September 29, 2021. To access BTIG insights, contact a firm representative or log in to www.btigresearch.com. For more information about the conference, email info@btig.com.

Research and Development 102

Research and Development Banking Media Events 102

Cannabis Law Report

AUGUST 18, 2021

OKLAHOMA CITY – Today, VICTOR NGO , 33, of Oklahoma City, and FRIENDLY MANAGEMENT GROUP, LLC (FMG) , an Oklahoma business, pleaded guilty in connection with a scheme to open a bank account under false pretenses to launder proceeds from marijuana sales, announced Acting U.S. Today, Ngo pleaded guilty to making a false statement to a bank.

Banking 98

Banking Business Marijuana Compliance 98

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. Hood (@Rodney_e_hood) October 8, 2021. Taking action to clarify banking rules for the legal cannabis industry now, rather than standing by while states construct an ad hoc system of conflicting banking rules, will go a long way toward easing that transition.”. — Rodney E.

Banking 52

Banking Access Business Recreational 52

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

Banking 66

Banking Legislation Safety Dispensary 66

Veriheal

MAY 22, 2023

In April 2023, Maine’s Office of Cannabis Policy (OCP) reported an exodus of about 1350 cannabis primary caregivers from the state’s medical marijuana market between 2021 to January 2023. Business costs, banking regulations/fees, and competition with the adult-use market followed in succession. said utility cost.

Programs 90

Programs Patients Cannabis Policy 90

Cannabis Law Report

OCTOBER 28, 2021

ON OCT 27, 2021. Wayne-based Valley National Bank, a subsidiary of Valley National Bancorp, is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley is one of the largest national banks serving multi-state cannabis-related business operators. NJB News reports.

Banking 52

Banking Compliance Compliance Programs 52

Veriheal

MARCH 23, 2021

Jim Patterson, the former head of the Eaze cannabis delivery company , has pleaded guilty to committing bank fraud while he was still active as CEO. Why Commit Bank Fraud? For others, it means the process of gaining access to these services is too complicated to figure out. In 2021, after all, many people don’t carry cash.

Banking 52

Banking Business Dispensary Cannabis 52

Cannabis Law Report

DECEMBER 16, 2021

This is how Manzuri saw 2021 through the prism of California & Cannabis. This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. What a year!

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

JANUARY 5, 2022

W hile this Review focuses on 2021, it’s difficult to contextualise the levels of psychedelic drug policy reform witnessed this year without appreciating the gravitas of events in late 2020. Beyond progress updates on these two landmark initiatives, 2021 saw a flurry of policy reform efforts across the world. Introduction.

Policy 52

Policy Therapy Banking Events 52

Cannabis Law Report

OCTOBER 4, 2021

First published in 2017, and updated in 2019, the new 2021 Women & Minorities in the Cannabis Industry , is now available for download here. Challenges to Diversity and Equity (includes data application and licensing fees, start up costs, net worth by race, banking, drug related arrests, etc). Women and Representation. “As

Data 52

Data Programs Business Banking 52

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. VS is ranked a Band 1 cannabis law firm in the Chambers USA 2021 Guide, and it was named “Cannabis Law – Law Firm of the Year” at the Chambers USA Awards 2021.

Banking 96

Banking Compliance Compliance Law 96

Veriheal

DECEMBER 7, 2022

Due to the plant’s illegal status, banking cannabis business revenue can be tricky. “Financial institutions providing banking services to legitimate and licensed cannabis businesses under state laws are subject to criminal prosecution under several federal statutes,” reads a statement from the office of Perlmutter.

Business 99

Business Banking Advocacy Cannabis 99

Canna Law Blog

APRIL 21, 2023

Cannabis and crypto For some reason, certain cannabis companies and investors believe that crypto is the way for cannabis companies to solve their inability to access financial institutions (guess they’ve never read the 2014 FinCEN Guidelines ?). Bank fraud Somewhere up there with crypto cannabis frauds is bank fraud.

Banking 74

Banking Cannabis Business Dispensary 74

Cannabis Law Report

JUNE 25, 2021

24 June 2021. According to the federal government, the Cannabis Act’s three stated objectives are to (i) keep cannabis out of the hands of young people, (ii) keep profits out of the pockets of criminals, and (iii) protect public health and safety by allowing adults to access legal cannabis. Torkin Manes LLP. with the authors.

Cannabinoids 91

Cannabinoids Edibles Retail Cannabis 91

Cannabis Law Report

JUNE 8, 2021

Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. June 8, 2021. We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry.

Hemp 105

Hemp CBD Legalization Banking 105

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. September 2021. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. on September 9, 2021. As Prepared for Delivery on September 9, 2021.

Banking 89

Banking Law Legalization Hemp 89

NORML

JANUARY 19, 2020

House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Send a message to your lawmakers in support of medical marijuana access. Legislation is pending, Senate Bill 697, to expand access to medical marijuana. IN resident? NH resident?

Legislation 246

Legislation Decriminalization Access Patients 246

SpeedWeed

MARCH 1, 2021

In 2021, federal legalization of cannabis is inching closer to being a reality and an unprecedented level of capital is prepared to enter the industry. While reasonable minds could certainly debate the pros and cons of this impending influx of new cash, for many veteran operators, 2021 could be the optimal year to plan your exit.

Business 52

Business Banking Data Cannabis 52

Cannabis Law Report

JULY 26, 2021

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. .

Dispensary 105

Dispensary Banking Events Cannabis 105

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

Banking 98

Banking Dispensary Recreational Cannabis 98

Cannabis Law Report

JULY 22, 2021

OSS offers industry-leading security offerings, cannabis-specific financial service solutions and relationships, connecting highly regulated businesses that struggle to get banking services with financial institutions that have specific programs designed for the industry or organizations that are unable to be serviced by certain banks.

Banking 105

Banking Compliance Compliance Programs 105

SpeedWeed

AUGUST 10, 2021

9, 2021 /PRNewswire/ — PRESS RELEASE — Leafly Holdings Inc. , The proposed transaction has been unanimously approved by the boards of directors of both Leafly and Merida, and is expected to close in the 4th quarter of 2021, subject to customary closing conditions. SEATTLE and NEW YORK, Aug. View original article.

Banking 52

Banking Retail Strains Cannabis 52

Cannabis Law Report

JANUARY 21, 2022

Our final 2021 looking back and looking forward episode. Previously, Mr. Coniglio was a Managing Director at JPMorgan, leading three separate investment banking businesses to #1 positions over his 14 year career at the firm. Sit back relax and enjoy our guests mulling over the past, present & future. In order of appearance.

Research and Development 52

Research and Development Education Advocacy Policy 52

Cannabis Law Report

JULY 25, 2021

With banking options still difficult for cannabis businesses to access – including the ability to accept debit and credit cards – cannabis companies are still searching for ways to facilitate their merchant processing needs. The issues with cashless ATMs. Two accomplices were eventually fined and were sentenced to prison.

Banking 105

Banking Programs Dispensary Business 105

SpeedWeed

JULY 22, 2021

July 1, 2021, marked four years since Nevada launched its first adult-use cannabis sales, and the market has certainly seen its fair share of rapid growth and regulatory changes during that time, not to mention the unprecedented COVID-19 pandemic. Coming out of COVID, there are a lot of people who have changed the way they shop.

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

Cannabis Law Report

AUGUST 20, 2021

In a statement on 30 July 2021 , Akanda said it had appointed Canadian investment banking firm Bousted Securities as “exclusive financial advisor to explore financing and acquisition opportunities as it seeks to scale the African cultivation assets it is proposing to acquire from Halo Collective Inc”.

Collective 105

Collective Banking Pharmaceutical Cultivation 105

Cannabis Law Report

JUNE 9, 2021

(CSE: JUSH ) (OTCMKTS: JUSHF ) reported its official financial results for the fourth quarter and the full-year ending December 31, 2020, plus the first-quarter 2021 ending March 31, 2021. sequentially in the first quarter of 2021 to $41.7 Jushi had originally released unaudited results in April. Revenue increased 29.0%

Retail 111

Retail Dispensary Cultivation Banking 111

Cannabis Law Report

OCTOBER 19, 2021

DENVER) October 19, 2021 – Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance company servicing the cannabis ecosystem through advanced software and technologies, announced it has expanded its suite of regulatory and compliance tools with the launch of Simplifya Market Guide. Banking Guidance.

Compliance 52

Compliance Compliance Supply Chain Banking 52

Cannabis Law Report

SEPTEMBER 12, 2022

Launched in 2021, the USCC says it “combines the collective resources of many of the largest cannabis companies, prominent advocacy organizations and hundreds of thousands of individuals.”

Advocacy 52

Advocacy Banking Collective Events 52

Cannabis Law Report

JUNE 9, 2021

June 8, 2021 – Jushi Holdings Inc. On Friday, June 11, 2021 at 10:00 a.m., The new store, located at 3812 Easton-Nazareth Highway, can be easily accessed from PA-33 and the Easton-Nazareth Highway and is situated in close proximity to the Lower Nazareth Commons and Northampton Crossing Shopping Mall. BOCA RATON, Fla.,

Retail 59

Retail Dispensary Access Patients 59

The Cannigma

MARCH 16, 2022

The Minority Cannabis Business Association (MCBA) has hosted the event since 2016 and for the first time in 2021, Parallel , a multi-state operator, was the sponsor. It is patently obvious that minorities have a true lack of access to capital. In 2021, over 800 people attended the event. Hot boxing great ideas.

Business 100

Business Events Access Banking 100

Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

Supply Chain 52

Supply Chain Compliance Compliance Banking 52

Cannabis Law Report

JUNE 16, 2022

million cultivated marijuana plants and made more than 6,600 marijuana-related arrests in 2021, according to annual data compiled by the US Drug Enforcement Administration. . Federal agents and their local partners also reported seizing of $103 million in assets in 2021 as part of the program — more than double the amount seized in 2020.

DEA 52

DEA Marijuana Programs Data 52

Canna Law Blog

MAY 3, 2022

To name just a few: the subject of their investment is illegal under federal law; the businesses in which they are investing face heavy tax burdens because of IRC 280e; and the lack of access to banking services means businesses operate nearly exclusively cash, which makes tracking sales, expenses and profits more subject to falsification.

Cannabis 89

Cannabis Banking Business Media 89

Veriheal

JANUARY 3, 2022

9, 2021—“in a move that is set to give a further boost to the country’s blossoming industry.” ” Not only will citizens of Thailand be able to access and use cannabis freely, but they are actually encouraged to cultivate cannabis as a means of supplementing their incomes. Expanding the Thai Cannabis Industry.

Legalization 123

Legalization Cultivation Chronic Pain Cannabis 123

SpeedWeed

MARCH 6, 2021

This new plan, known as the “Comprehensive Cannabis Legalization and Regulation Act of 2021,” would establish a social equity program, and would make sure that at least half of all those with licensed businesses are equity applicants. Banks would also be granted licenses so they could work with the industry. . View original article.

Legislation 52

Legislation Education Programs Recreational 52

Cannabis Law Report

JULY 2, 2021

Indeed, there is a danger that federal legalization, done incorrectly, could produce outcomes even more adverse than the status quo wherein consumers and patients in states where marijuana is legal are generally able to access the marijuana they need. Protect public safety: a better approach on marijuana, Americans for Prosperity, March 2021.

Policy 119

Policy Legislation Cannabis Legalization 119