Cannabis Law Report

JUNE 3, 2021

For decades, the marijuana industry has been fighting stigmatizing rhetoric, the war on drugs, the smuggler and back alley feel, varying state laws, continued federal prohibition, lack of access to traditional banking, and on and on. To say that marijuana has fought an uphill battle is an understatement.

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Supply Chain Marijuana Packaging THC 55

Cannabis Law Report

MAY 11, 2022

A 2021 federal complaint alleges the former Farmington resident was the leader of the operation in the Franklin County area. Sirois pleaded not guilty to a 15-count indictment in November 2021 that included complaints against three businesses he partly owns, including Narrow Gauge in Farmington. 28, 2021, the U.S. Lucas Sirois.

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Cannabis Law Report

NOVEMBER 6, 2021

As cannabis continues to make its way into the mainstream marketplace, state governments are increasingly legalizing and regulating it for medical or recreational use. billion industry in 2021, according to cannabis data analytics firm BDSA, with an additional $47.8 billion in illicit spending.

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Canna Law Blog

NOVEMBER 17, 2021

Many other states have reached similar conclusions, through court rulings and advisory opinions (you can find a good and not-too-stale summary here ). Other states have issued problematic and regrettable rulings– and in very recent times. Other states, most recently New York, have taken a close look at 8.4(b)

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Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.

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The Joint Blog

APRIL 14, 2020

.” Fox said easing restrictions on dispensaries is a step, but he doubts credit card companies will embrace the marijuana industry unless lawmakers provide some cover by passing the Secure and Fair Enforcement (SAFE) Banking Act, which aims to protect financial institutions that serve cannabis-related businesses.

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Cannabis Law Report

SEPTEMBER 16, 2022

In 2021, more than $1.2 Arkansas also began its medical cannabis journey through a voter-approved amendment to the state constitution. In June 2021, the court denied a motion to amend Rule 1.2 There are currently 22 licensed medical marijuana treatment centers (17 are operational), which serve approximately 650,000 patients.

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Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. 2, 2021, the nonprofit scientific organization U.S. New California Law Standardizes Weed Testing. Delta-8 Testing.

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Cannabis Law Report

JULY 14, 2021

ImmunoFlex has submitted non-provisional ( USA ) and PCT (international) patent applications based on the research carried out by ImmunoFlex in 2020 and 2021. federal law. Strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under U.S.

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SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. Because cannabis is still classified as a Schedule 1 drug, most banks will not provide accounts to or lend to cannabis companies. .

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Cannabis Law Report

JUNE 14, 2022

A prior report by Dr. Moyer found that the ‘host community agreements’ which govern community impact fees regularly violate state law, which states that “community impact fee[s] shall be reasonably related to the costs imposed upon the municipality by the operation of the marijuana establishment.”. Source: [link].

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Cannabis Law Report

OCTOBER 13, 2021

Updated cannabis state-by-state rankings guide – August 2021 – by Barry Weisz and Michael Rosenblum at Thompson Coburn. CBD and Hemp Legal and Regulatory Roundup – August 2021 – by attorneys at Kelley Drye & Warren. The ABCs of CBD and Hemp: A Primer – by Gregory Gamalski at Bodman.

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Cannabis Law Report

APRIL 13, 2022

The foregoing measures will enable many New York business owners, across many industries, to further reduce their federal income tax liability by taking greater advantage of the limited SALT cap workaround “approved” by the IRS in 2020 and adopted by New York in 2021. [v]. Its recreational use was legalized only recently, in March of 2021.

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Cannabis Law Report

FEBRUARY 3, 2022

The OLCC did, however, release a bulletin on November 8, 2021, announcing that the agency would no longer inactivate new producer applications beginning on January 2, 2022. This bill arose from the ashes of Oregon’s failed attempt in 2021 to create a cannabis equity program ( HB 3112 (2021) ).

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Banking Legislation Hemp Programs 52

Cannabis Law Report

OCTOBER 12, 2021

Most recently, the company announced revenue guidance for 2021, a Brand Campus to enhance its presence and profitability in Arizona , and two new members to the Board of Directors (the “ Board “) as catalysts to lead the next phase of growth. Kevin served on the board of directors of Celsius until August 19th, 2021.

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Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law. ” SB 67.

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The Joint Blog

JUNE 15, 2021

Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business. And different states have different approaches to that. New Jersey. Utah. . .

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The Blunt Truth

OCTOBER 22, 2019

continues to constitute a conditional bar to [establishing good moral character] for naturalization eligibility, even where such activity is not a criminal offense under state law.”. 1200 , The SAFE Banking Act, awaits a vote. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana.

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DEA Banking Agriculture Law 51

Cannabis Law Report

JULY 27, 2021

“My diverse career path has allowed me to work across several high-caliber companies, generating development growth in some of the most sophisticated and competitive markets within cannabis, real estate, and investment banking,” said Minor. federal law, nor will it provide a defense to any federal proceeding in the U.S.

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Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

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Business Marijuana Safety Banking 52

The NM Political Report | Medical Cannabis Program

JUNE 14, 2022

Health plan coverage is a determination appropriately made by the OSI based on all applicable state laws.” It is up to the carrier to determine whether the drug should be treated as a BH drug for cost-sharing purposes,” Toals wrote in the June 2021 bulletin.

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Marijuana Lawyer Blog

AUGUST 4, 2021

Controlled Substances Act, possession and sale for any reason remains a federal crime – and federal law supersedes state law. So if marijuana is still illegal in one state, it will remain so unless the state government opts to change that. 2, 2021, Los Angeles Times/Portland Press Herald.

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Cannabis Law Report

OCTOBER 22, 2019

continues to constitute a conditional bar to [establishing good moral character] for naturalization eligibility, even where such activity is not a criminal offense under state law.”. 1200 , The SAFE Banking Act, awaits a vote. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana.

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DEA Banking Agriculture Supply Chain 40

Canna Law Blog

DECEMBER 31, 2021

I really fought myself on putting together a festivus post of all that went wrong for the cannabis industry in 2021. As 2021 comes to a close, here’s what I’m looking forward to in cannabis next year: Federal legal reform. 2021 was a total failure when it comes to federal legalization. and abroad.

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Banking Programs Legislation Cannabis 88

Canna Law Blog

DECEMBER 1, 2021

Join Harris Bricken attorney, Vince Sliwoski as he provides forecasts for state cannabis programs. San Francisco Bank Attorneys Association – California Cannabis Law Update | Monday, December 6th at 12PM PST. Get your Continuing Legal Education (CLE) credits for practicing attorneys during this event!

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Canna Law Blog

FEBRUARY 18, 2020

attorneys shouldn’t really prioritize federally illegal cannabis activities in states that robustly regulated cannabis and cannabis businesses (so long as eight main enforcement priorities were honored by the states). The impact of the United States v. Cole opined in a memorandum that U.S. McIntosh cannot be overstated.

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Cannabis Law Report

JULY 14, 2021

— Ron Wyden (@RonWyden) July 14, 2021. Laws making cannabis legal and regulated for adults have been passed in 19 states as well as the District of Columbia and the territories of CNMI and Guam, and 36 states as well as several territories have comprehensive medical cannabis laws. Date: July 14, 2021. .

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SpeedWeed

MARCH 21, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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Banking Compliance Compliance Business 52

Cannabis Law Report

NOVEMBER 29, 2021

State legislators in 2021 enacted over 50 laws liberalizing marijuana policies in more than 25 states, according to a report issued today by the National Organization of the Reform of Marijuana Laws (NORML). Many states also took actions facilitating the expungement or sealing of past marijuana convictions.

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SpeedWeed

MARCH 19, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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Banking Compliance Compliance Business 52

Cannabis Law Report

NOVEMBER 23, 2021

Mark Kelly – United States Senator. Rosen Leads Bipartisan Effort to Ensure SAFE Banking Act Included In NDAA. Tuesday, November 23, 2021. The SAFE Banking Act would allow banking access to licensed cannabis businesses operating in states like Nevada that have legalized the sale of marijuana.

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SpeedWeed

JUNE 14, 2021

. Federal cannabis reform hasn’t passed into law, but it’s not for lack of trying. In 2021 alone, several high-profile cannabis bills have been proposed in both chambers of Congress, while others have been promised later this year. Announced) February 2021. The Secure and Fair Enforcement in (SAFE) Banking Act.

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SpeedWeed

MARCH 20, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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Banking Compliance Compliance Cannabis 52

SpeedWeed

MARCH 18, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

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Banking Compliance Compliance Business 52

Cannabis Law Report

APRIL 15, 2022

Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Unlike the MORE Act or CAOA, the SAFE Banking Act does not remove marijuana from CSA’s Schedule I. Chuck Schumer (D-NY), and Rep.

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SpeedWeed

JUNE 14, 2021

. Federal cannabis reform hasn’t passed into law, but it’s not for lack of trying. In 2021 alone, several high-profile cannabis bills have been proposed in both chambers of Congress, while others have been promised later this year. Announced) February 2021. The Secure and Fair Enforcement in (SAFE) Banking Act.

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Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Study: Oregon Has 6.5 Years of Cannabis Oversupply.

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