Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

Collective 52

Collective Banking Access Dispensary 52

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

Banking 66

Banking Legislation Business Programs 66

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. SOURCE RocketFuel Blockchain Inc.

Dispensary 105

Dispensary Banking Events Cannabis 105

Cannabis Law Report

JULY 26, 2021

RocketFuel (OTC: RKFL) (“RocketFuel” or the “Company”), a global provider of one-click online payment options using Bitcoin and 50+ other cryptocurrencies, today announced that it will be making its payment solution available to be used by licensed cannabis dispensaries and merchants.

Dispensary 105

Dispensary Banking Access Data 105

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? If you’ve been to a dispensary recently, you might have noticed that you were unable to use your credit or debit card to pay for your purchases.

Banking 52

Banking Business Dispensary Cannabis 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

MMJ Recs

JULY 25, 2021

Pennsylvania dispensary laws can be somewhat confusing for first-time visitors and new MMJ patients. Dispensaries have only been open for business in Pennsylvania since 2018, so the Keystone State has a lot of relatively new MMJ patients. This means patients need to bring cash to pay for medical marijuana in many PA MMJ dispensaries.

Dispensary 52

Dispensary Banking Patients Conditions 52

Cannabis Law Report

JULY 25, 2022

Beyond Hello™ Alexandria Will Open its Doors, Broadening Patient Access to Medical Cannabis Products. Jushi” or the “Company”) ( CSE: JUSH ) ( OTCQX: JUSHF ), a vertically integrated, multi-state cannabis operator, announced the opening of its third medical cannabis dispensary in Virginia and 34th retail location nationwide.

Retail 52

Retail Dispensary Patients Access 52

Veriheal

JULY 2, 2020

However, for patients to qualify for access to medical cannabis, they must have received a diagnosis of at least one of the 14 qualifying conditions that were initially approved under the initial law. The post Louisiana Expands Medical Program and Offers Banking Assurance appeared first on Cannabis Central. The Bill as Passed.

Banking 52

Banking Programs Therapy Conditions 52

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .”

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. Even taxes cannot be paid electronically through a bank, forcing owners to literally hand massive amounts of cash to the IRS every year. New Legislation. .

Banking 45

Banking Business Legalization Marijuana 45

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

The Joint Blog

MAY 17, 2020

Included in the language of the bill, according to NORML, is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. The post COVID-19 Relief Package Includes Cannabis Banking Relief appeared first on TheJointBlog.

Packaging 52

Packaging Banking Business Legislation 52

Cannabis Law Report

MARCH 17, 2022

The Apothecarium 1 in Las Vegas Marks Jushi’s First Dispensary in The State of Nevada. Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi, said: “We are excited to add Apothecarium Nevada to our growing retail network, marking our first Nevada dispensary, located off the iconic Las Vegas strip. BOCA RATON, Fla.,

Dispensary 52

Dispensary Retail Banking Conditions 52

Illinois News Joint

JANUARY 22, 2023

This limited supply has driven prices up as dispensaries and processors are forced to pay more for the cannabis they need to produce and sell their products. Additionally, the high taxes and lack of access to banking services for cannabis businesses also contribute to the high cost of cannabis products in the state.

Cultivation 98

Cultivation Banking Access Dispensary 98

MMJ Recs

OCTOBER 25, 2019

But there’s one big question that surrounds the medical marijuana industry in Oklahoma: how do banks and the cannabis industry come together for their mutual benefit? Marijuana is still illegal on a federal level, making it difficult for those in the cannabis industry to use the federal banking system safely.

Banking 40

Banking Seed-To-Sale Business Cannabis 40

Veriheal

FEBRUARY 18, 2022

According to Tom Bout, founder of the Cannabis Professionals Network, over 30 Washington dispensary robberies have occurred since November 2021. Post signs in businesses explaining that staff does not have access to much cash. Why are cannabis shops facing an uptick of robberies? Perlmutter Proposes Solution to USPS Labor Shortages.

Dispensary 98

Dispensary Policy Retail Safety 98

Illinois News Joint

JULY 11, 2024

Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). Black loan applicants face higher bank loan denial rates. For all licenses issued by the State, that number jumps to 60%.

Data 105

Data Policy Banking Business 105

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

Cannabis Law Report

MAY 25, 2022

There’s been a string of robberies affecting Washington State cannabis dispensaries, culminating in three deaths over just four days in March. As if it weren’t hard enough to find good help right now, cannabis dispensaries are looking at paying hazard wages after one cannabis store employee was killed during a recent armed robbery.

Business 52

Business Law Banking Dispensary 52

Cannabis Law Report

JANUARY 11, 2022

This ultimate guide on weed delivery services lets you find the convenient and closest weed delivery dispensary near you. We have curated top points to follow to find the closest weed delivery dispensary close to you. Thus, it potentially creates an excellent herbal extract accessible in more states than not. Here you go!

Dispensary 52

Dispensary Extraction Consumption CBD 52

NORML

APRIL 1, 2020

“As individuals and families struggle to cope with the day-to-day challenges of the COVID-19 global pandemic, it is inappropriate and irresponsible for state and local governments to continue utilizing precious resources and capacity to arrest, prosecute, and incarcerate Americans for marijuana violations,” said NORML’s Strekal.

Policy 254

Policy Advocacy Safety Patients 254

Cannabis Law Report

AUGUST 4, 2019

A rather worrying report via Vice who report, “Dispensaries are adopting in-store surveillance systems to protect profits. This may sound like a scene from a sci-fi movie, but these tools are employed in cannabis dispensaries today. If they decline or their faces are obscured, by a mask for example, then access is denied.

Dispensary 63

Dispensary Supply Chain Banking Law 63

Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . I fear dispensary employees being at great risk. From Rep Heck’s Office. Feb 13, 2019 .

Banking 61

Banking Packaging Safety Business 61

Connor & Connor PLLC

NOVEMBER 27, 2019

Across the country, retail stores and medical dispensaries are seeing large revenues, despite the even larger burden of regulations and the persistent federal prohibition of the practice. Many of the dispensaries, especially in Nevada, are seeing their efforts pay off. How do I start a dispensary? 1] [link] ; [link]. [2]

Dispensary 69

Dispensary Retail Recreational Business 69

Cannabis Law Report

AUGUST 12, 2021

Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. If appropriate for their business models, registered medical cannabis caregivers may choose to convert their registration type to dispensaries.

Marijuana 105

Marijuana Dispensary Programs Retail 105

Veriheal

OCTOBER 12, 2020

The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry. However, many security risks within the sector could be mitigated with simple training and common sense.

Dispensary 98

Dispensary Safety Banking Business 98

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 247

Legislation Decriminalization Access Patients 247

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

MJ Business Attorneys

FEBRUARY 14, 2023

The current economic uncertainty, coupled with stifling regulations, price compression , lack of access to capital, and restrictive banking options are increasing distress and making disputes between business partners more common. At the core of the issue is the linkage between cannabis licenses and location.

Business 130

Business Banking Cannabis Legislation 130

Otherside Farms

FEBRUARY 25, 2019

A few decades ago, you couldn’t open a cannabis dispensary in any state without facing the wrath of the state laws. You could be interested in opening a dispensary to take advantage of such opportunities but are not sure where to begin. Good news is, we’ve prepared a list of everything you’ll need to know before opening a dispensary.

Dispensary 72

Dispensary Legalization Business Law 72

Veriheal

OCTOBER 14, 2020

Hypur, per their website, states that it “provides payment and banking technology for high-risk markets, including MSBs and cannabis-related businesses.” This will undoubtedly help attract customers vs. a cash-only dispensary. Customers don’t get any fees, but the dispensaries that accept Hypur do.

Dispensary 52

Dispensary Banking Patients Access 52

The Herb Collective

JUNE 4, 2019

Dispensaries nationwide vie for dominance. The race to modernize, accessorize and personalize offerings, chronicles extraordinary accounts of dispensaries enhancing cannabis consumer journey. This Scottsdale-based dispensary is the premier cannabis destination for premium quality grades in Arizona.

Dispensary 40

Dispensary CBD Cannabis Access 40

MMJ Recs

MAY 5, 2024

Patient Rights: Patients with a valid recommendation from a physician have the right to access medical marijuana for the treatment of qualifying medical conditions. These include access to banking services, federal prohibition, and ongoing regulatory issues. However, selling marijuana without a license remains illegal.

Law 52

Law Marijuana Cultivation Patients 52

NORML

APRIL 5, 2019

Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of expanded medical access. Legislation is pending, House Bill 673 / Senate Bill 1430, to expand medical cannabis access.

Legislation 190

Legislation Banking Hemp Compliance 190

Cannabis Law Report

SEPTEMBER 24, 2019

AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. The STATES Act Would Increase Public Safety by Allowing Cannabis-Related Businesses to Access the Banking System without Fear of Prosecution. September 23, 2019. September 23, 2019. WASHINGTON, D.C. – Attorney General Karl A.

Programs 59

Programs Banking Marijuana Access 59