NORML

FEBRUARY 14, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. You can share the op-ed on Facebook by clicking here and on Twitter by clicking here.

Banking 175

Banking Marijuana Topical Access 175

NORML

APRIL 12, 2023

Highlights include: AR, CA, CO, ME, MD, MO, NH, PA, SC, and TX The post State Policy Weekly Update 4/12/2023 appeared first on NORML.

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Policy Access Consumption Banking 181

Cannabis Law Report

MAY 19, 2022

Impacts include risks to public safety and security, impacts on governmental regulatory agency access to banking and depository services, and impacts on small and minority cannabis businesses. CANNRA+Banking+Letter_FINAL.

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Banking Policy Safety Access 52

NORML

APRIL 1, 2020

. “In this era of tremendous uncertainty, it is crucial that policymakers use every tool in their toolkit to promote public health and safety.

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Policy Advocacy Safety Patients 248

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

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Banking Business Media Access 59

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

MAY 28, 2022

Despite progress over the past decade, the cannabis industry still struggles to access a fundamental piece of the U.S. Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. The State of Banking. what is proposed in the SAFE Banking Act ), or enacting full legalization.

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Banking State Laws Law DEA 52

Cannabis Law Report

JULY 1, 2022

Portland, OR. – Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. Cannabis banking should be a priority,” stated OLCC Chair Paul Rosenbaum. He continued, “This is certainly an achievable policy step that will save lives – now.”.

Banking 52

Banking Business Access Safety 52

Cannabis Law Report

SEPTEMBER 22, 2021

Government Policy Analyst to Specialize in Insights from the Intersection of Washington and Wall Street. NEW YORK–(BUSINESS WIRE)– BTIG announced today that the firm has hired Isaac Boltansky as a Managing Director and the Director of Policy Research.

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Policy Banking Media Access 52

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

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Banking Hemp Compliance Compliance 70

Canna Law Blog

JANUARY 16, 2019

Since late December, we’ve had many clients come to us with frustrations about the ongoing lack of access post-Farm Bill, and questions about how things will play out in 2019. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. Stay tuned.

Banking 75

Banking Hemp Environment Access 75

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

Banking 139

Banking Policy Business Safety 139

Cannabis Law Report

OCTOBER 5, 2021

It’s been a busy few weeks in Washington DC for cannabis : the House Judiciary Committee approved the MORE Act, the SAFE Banking Act got attached to the National Defense Authorization Act, and Senators Schumer, Wyden, and Booker are still garnering support for the Cannabis Administration & Opportunity Act.

Banking 52

Banking Digestion Legislation Sleep 52

NORML

MAY 11, 2020

. “NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” ” Download the Resource Guide. Here’s how.

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Advocacy Access Banking Retail 339

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. We have consistently heard from lawful hemp producers about the lack of access to financial products. Senators, Sen.

Banking 83

Banking Hemp Access Business 83

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.

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Banking Legislation Safety Dispensary 66

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

Banking 76

Banking Marijuana Safety Business 76

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

Banking 55

Banking Safety Compliance Compliance 55

Cannabis Law Report

MAY 17, 2019

The Sacramento Bee reports……The survey found that 82 percent of surveyed bank executives support Congress passing a law allowing financial institutions to do business with cannabis companies, a practice that is restricted because marijuana is considered an illegal narcotic at the federal level. would likely open up their services.

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Access Banking Safety Events 55

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

Banking 75

Banking Legislation State Laws Business 75

Cannabis Law Report

SEPTEMBER 19, 2019

The banking bill does not address marijuana reform holistically. Instead, it narrowly addresses the issues of banking and improved access to financial services, measures that would benefit the marijuana industry, not communities who have felt the brunt of prohibition.”.

Banking 51

Banking Marijuana Legislation Policy 51

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. .

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Banking Business Legalization Marijuana 45

NORML

MARCH 20, 2020

That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons.

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Business Legislation Access Policy 322

Illinois News Joint

JULY 11, 2024

Common and recurring themes in the report that stand out are the Racial and/or ethnic Minority- and Woman-owned Business Enterprises (M/WBEs) that continue to voice concerns and challenges for accessing capital and financial support, as well complex cannabis regulations and policies burdens.

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Data Policy Banking Business 105

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

Banking 40

Banking Data Media Business 40

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

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. IN resident? NH resident? NH resident?

Legislation 245

Legislation Decriminalization Access Patients 245

Veriheal

DECEMBER 22, 2023

Additionally, these past proposals also pushed for equal access to the economic opportunities arising from the legal cannabis market. Other Advocacy Efforts Beyond the NAACP and UFCW, other organizations are also rallying for advancements in cannabis policy.

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Legalization Supply Chain Banking Marijuana 120

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. . From Rep Heck’s Office. Feb 13, 2019 . Press Release. Washington, D.C. Ed Perlmutter (CO-07).

Banking 61

Banking Packaging Safety Business 61

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Theme 3 involved access to capital.

Policy 105

Policy Research and Development Collective Banking 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

SpeedWeed

JUNE 5, 2021

When some of the most prominent business leaders in the world show an interest in cannabis reform, people take notice, including those who legislate our public policies in Congress. The post Policy Changes to Eliminate Pre-Employment Drug Screening Continue to Spread: Week in Review appeared first on SpeedWeed. ” Read more.

Policy 40

Policy Banking Medicine Consumption 40

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. Senate Bill 45 would make this policy consistent for juvenile offenders. CA resident? DE resident?

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Legislation Banking Hemp Compliance 187

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

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Banking Law Legalization Hemp 89

Canna Law Blog

SEPTEMBER 26, 2019

Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. The spending reports mandates the FDA to clear a path for the lawful marketing of these products within 120 days.

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Hemp Law CBD Banking 92

SMPL

AUGUST 14, 2019

The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law. The report goes on to describe how its recommendations would help resolve some of these issues.

Policy 40

Policy Research and Development Marijuana DEA 40