PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. Thanks to a recent cannabis banking bill that has passed in Pennsylvania, cannabis-related businesses now have the right to use financial institutions and insurance for their businesses.

Banking 52

Banking Law Marijuana Compliance 52

Cannabis Law Report

FEBRUARY 5, 2020

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. Unbanked cannabis businesses often operate solely in cash, creating a significant risk to public safety,” said Treasurer Dave Young. ”By

Banking 69

Banking Safety Business Cannabis 69

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.

Banking 52

Banking Access Business Programs 52

NORML

DECEMBER 23, 2019

Last Wednesday, he essentially demanded that in exchange for allowing the cannabis industry to access to basic banking services, that the federal government should impose a 2% THC cap on marijuana products and prohibit the retail sale of marijuana-infused edibles or e-liquid vapor extracts.

Banking 220

Banking Marijuana Retail Safety 220

Cannabis Law Report

OCTOBER 5, 2021

The House of Representatives has approved cannabis banking legislation for the fifth time. The Secure and Fair Enforcement (SAFE) Banking Act is legislation that “would allow marijuana-related businesses in states with some form of legalized marijuana and strict regulatory structures to access the banking system.” [1]

Banking 52

Banking Legislation Environment Access 52

Cannabis Law Report

OCTOBER 21, 2021

Seattle-based cannabis banking startup Shield Compliance is beefing up its staff. Before her role at Shield, Cantrell spent more than 12 years at the Republic Bank of Chicago. She has 20 years of banking experience, the company said. Cantrell is the new executive vice president of payments and strategic alliances.

Banking 52

Banking Compliance Compliance Safety 52

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. If Congress fails to act, we are discouraging responsible, regulated markets and allowing a serious public safety threat to go unaddressed.”. Stay tuned.

Banking 77

Banking Marijuana Safety Business 77

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. The OLCC Press Release. Workers have been threatened at gunpoint, assaulted and tragically even killed.

Banking 52

Banking Business Access Safety 52

Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

Although this resolution is limited in scope, pending legislation on the horizon would definitively remedy this issue, specifically the Secure and Fair Enforcement (“SAFE”) Banking Act. As of June 5 th , 2019 the SAFE Banking Act has been placed on the Union Calendar (Calendar No. Victor Fox is not an attorney.

Banking 64

Banking State Laws Cannabis Business 64

Cannabis Law Report

JUNE 11, 2022

Daines’ Safe Banking Act which would which would help improve public safety. Daines’ bill is not about the legalization of marijuana, it’s about public safety. A fifth-generation Montanan, Steve Daines brings 28 years of private-sector business experience to Washington, D.C. as he serves the people of Montana in the U.S.

Banking 52

Banking Safety Access Business 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

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

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.

Access 55

Access Banking Safety Events 55

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications.

Banking 45

Banking Safety Business History 45

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. By implementing these common-sense reforms, we can ensure a safer environment for those who work in this essential industry and those who they provide for,” said NORML’s Strekal.

Policy 250

Policy Advocacy Safety Patients 250

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

The Blunt Truth

DECEMBER 9, 2021

It looks like marijuana banking will not be part of the NDAA. marijuana banking. Advocates of allowing the banking industry to serve cannabis businesses have seen many opportunities to enact legislation come and go. Lawmakers introduced a bill to require the FDA to regulate CBD. Although many are disappointed, including Rep.

Banking 115

Banking Food CBD Legislation 115

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

NORML

FEBRUARY 27, 2019

Currently, almost none of the businesses operating in the cannabis space can legally obtain a bank account, process a credit card, or take a standard business deduction on their federal taxes. “And when these businesses are forced to operate exclusively in cash, they create serious public safety concerns.”

Banking 139

Banking Policy Business Safety 139

SpeedWeed

AUGUST 13, 2021

Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.

Access 52

Access Patients Banking Cultivation 52

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

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. . To continue to do nothing to protect public safety would be negligence.”. Feb 13, 2019 .

Banking 61

Banking Packaging Safety Business 61

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

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

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. House and 10 cosponsors in the U.S.

Programs 59

Programs Banking Marijuana Access 59

Medicinal Genomics

SEPTEMBER 27, 2019

There’s access to capital, to which the cannabis industry has practically none. Venture capital funding, credit, loans and even rudimentary banking services are taken for granted in other markets, but not in the cannabis industry. Testing labs routinely have their “banking” shut down. Better Banking = Safer Cannabis.

Vaping 102

Vaping Banking Supply Chain Safety 102

Cannabis Law Report

JANUARY 12, 2022

Through this collaboration, the NPA and Maya will offer both the education and the technology infrastructure needed to make this possible, ensuring accessibility and safety to all communities. “We NPA’s mission is to ensure all Americans get the support they need to safely access psychedelic-assisted care.

Research and Development 52

Research and Development Therapy Clinical Trials Safety 52

MMJ Recs

MAY 5, 2024

California Medical Marijuana Legislation Explained The current regulatory framework for medical marijuana in California is primarily governed by the Medical Cannabis Regulation and Safety Act (MCRSA) and the Adult Use of Marijuana Act (AUMA), also known as Proposition 64.

Law 52

Law Marijuana Cultivation Patients 52

Cannabis Law Report

MAY 9, 2019

SACRAMENTO – California Attorney General Xavier Becerra, along with a bipartisan coalition of 38 Attorneys General, urged Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act to give licensed cannabis businesses access to the federal banking system. This is simple: not incorporating an $8.3

Banking 55

Banking Safety Collective Access 55

Cannabis Law Report

MAY 25, 2022

Americans for Safe Access has even created a Robbery Preparedness Guide for cannabis businesses. That’s not by choice; rather, because cannabis businesses aren’t welcome in federally insured banks and can’t accept credit cards for payment, cash is the only way they can accept payment. But why is this happening?

Business 52

Business Law Banking Dispensary 52

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. When putting together any safety & security plan, more is always better. Advice from the Experts.

Dispensary 98

Dispensary Safety Banking Business 98

Cannabis Law Report

JUNE 28, 2021

Dan Roda is co-founder and CEO of Abaca, a digital financial platform connecting cannabis businesses with bank accounts, payment processing, lending, and more. Company mission: Abaca’s mission is to normalize access to modern financial services across the U.S. for cannabis and hemp industries.

Banking 66

Banking Access Hemp Business 66

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. CO resident?

Legislation 172

Legislation Patients Access Seed-To-Sale 172

NORML

FEBRUARY 22, 2019

Update : HB 2149 was approved by the Public Safety Committee on 2/20. 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 access in healthcare facilities. AZ resident?

Legislation 181

Legislation Hemp Compliance Compliance 181

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

Legislation 168

Legislation Decriminalization Hemp Patients 168

Cannabis Law Report

JULY 25, 2019

Senate hearing on “ Challenges for Cannabis and Banking.” ” The hearing allowed John to directly address key senators as they consider the SAFE Banking Act, the Senate companion bill to legislation that passed out of committee in the House this spring. This could occur before or after passage of the SAFE Banking Act.

Banking 51

Banking Safety Legislation Cannabis 51

Cannabis Law Report

NOVEMBER 15, 2021

At-large board member Andrew Turnage, Executive Director at the Georgia Access to Medical Cannabis Commission. Lab Testing and Product Safety. Banking, Finance, and Taxation. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research. Public Health and Data Monitoring. Public Education.

Compliance 98

Compliance Compliance Programs Topical 98