MassRoots

AUGUST 3, 2020

The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. Federal Law: SAFE Banking Act.

Programs 124

Programs Banking Marijuana Conditions 124

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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. Not to mention it would mark the end of the failed and shameful criminalization of cannabis possession by otherwise law-abiding adults.

Banking 141

Banking Policy Business Safety 141

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

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

The Joint Blog

FEBRUARY 20, 2019

Legislation that would protect banks who provide services to medical marijuana businesses has been passed by the full West Virginia House of Delegates. “The purpose of this section is to provide a solution to the banking problems encountered by the state in connection with the Act.”

Banking 48

Banking Marijuana Collective State Laws 48

NORML

MARCH 20, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 326

Business Legislation Access Policy 326

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

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.

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Business Banking Advocacy Cannabis 102

NORML

JANUARY 19, 2020

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. Send a message to your lawmakers in support of medical marijuana access.

Legislation 247

Legislation Decriminalization Access Patients 247

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. Under state law, adults face civil penalties for minor marijuana possession offenses.

Legislation 190

Legislation Banking Hemp Compliance 190

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. The FDA’s role in the cannabis legal landscape, and how the lack of leadership and regulation has led to complex state-by-state laws CBD companies must navigate.

Hemp 105

Hemp CBD Legalization Banking 105

Cannabis Law Report

AUGUST 19, 2022

The recommendation was also made in light of the fact that access of legally produced cannabis to international markets is likely to be frustrated by numerous treaties established to curtail the illegal trade of cannabis. In the United States the SAFE Banking Act has been passed in the House of Representatives six times.

Banking 52

Banking Research and Development Legislation Access 52

The Blunt Truth

JULY 30, 2019

Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate. Banking – here, too, experts caution that there won’t be advancements until the feds legalize.

Banking 78

Banking Hemp Cannabis Business 78

NORML

JUNE 23, 2019

Governor Kate Brown (D) signed legislation into law to to automatically conduct a review of past misdemeanor cannabis convictions, and to “set aside” offenses that are no longer a crime under state law. Click here to email your lawmakers in support of medical cannabis access at school. CA resident? Update : S.

Legislation 190

Legislation Hemp Decriminalization Agriculture 190

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. California. CA resident? Connecticut.

Legislation 183

Legislation Hemp Compliance Compliance 183

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. House Judiciary Committee.

Legislation 171

Legislation Decriminalization Hemp Patients 171

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis. Click here to email your governor in support of medical cannabis access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona.

Legislation 112

Legislation Banking Access Hemp 112

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of medical cannabis access at school. 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 medical cannabis access in healthcare facilities.

Legislation 109

Legislation Access Decriminalization Patients 109

NORML

MAY 24, 2019

Legislation that would have significantly expanded patient access to medical cannabis in Rhode Island was held in a senate committee for further study, ultimately killing the bill. Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis.

Legislation 173

Legislation Hemp Access Patients 173

MassRoots

FEBRUARY 11, 2019

The second, Responsibly Addressing the Marijuana Policy Gap Act , permits states to determine their own cannabis laws, thereby “reducing the gap between federal and state laws.” As long as individuals and businesses are operating under state law, this proposal would remove the risk of federal criminal penalties.

Legalization 111

Legalization Marijuana Legislation Policy 111

SpeedWeed

MARCH 1, 2021

For the small business owner, selling a private company to an SPAC can deliver a faster IPO process and increase the selling price point than working with an investment bank. State law protection may also be helpful, depending on your situation. 3 – Take it to the bank. Don’t stand out for all the wrong reasons.

Business 52

Business Banking Data Cannabis 52

Canna Law Blog

AUGUST 13, 2019

3. Change in local and state laws and rules. Since the state agencies began issuing licenses under MAUCRSA back in January of 2018, the state’s interpretation of its own rules has been unpredictable. Nonetheless, landlords still seem to misinterpret this state law mandate on a number of levels.

Banking 62

Banking Access Cultivation Cannabis 62

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 140

Legislation Hemp Patients Compliance 140

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.

Supply Chain 55

Supply Chain Marijuana Packaging THC 55

Cannabis Law Report

SEPTEMBER 27, 2021

The specialized asset manager believes that the new structure could bring investors all the potential benefits of focused exposure to the dynamic and growing scope of cannabis, combined with the accessibility, flexibility and costs of an active ETF. “We

Banking 52

Banking Access Cannabis Safety 52

Cannabis Law Report

JULY 7, 2021

MJXL is designed to seek daily leveraged investment results, before fees and expenses, of two times (2x) or 200% the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives. About ETFMG.

Research and Development 94

Research and Development State Laws Collective Concentrates 94

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 74

Hemp Business Cultivation Banking 74

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses. Published July 18, 2019.

Banking 40

Banking Safety Business Legislation 40

Cannabis Law Report

MARCH 26, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 59

Business Legislation Access Policy 59

Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

Banking 90

Banking Compliance Compliance State Laws 90

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., More access to institutional capital. When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. So what does this mean for U.S. hemp companies?

Hemp 79

Hemp CBD Policy Banking 79

The NM Political Report | Medical Cannabis Program

JUNE 14, 2022

“As New Mexico has recognized the need to exclude gross receipts from sale of medical cannabis for those with debilitating conditions, the same is true with medical cannabis and behavioral health and the relevant statutes should be read harmoniously so that treatment is more accessible through insurance coverage,” Saucedo wrote.

Patients 40

Patients Banking Cannabis Treatment 40

SMPL

AUGUST 14, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40

Policy Research and Development Marijuana DEA 40

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. With that being said, S.A.F.E.

Legalization 52

Legalization Decriminalization Recreational State Laws 52

Cannabis Law Report

SEPTEMBER 23, 2022

The SHIP Act, filed on September 14, 2022, seeks to also provide authority for “small cultivators of marijuana and small cultivators of marijuana products” to ship marijuana in the mail directly to consumers located in California or another state where the possession of marijuana or the marijuana product is lawful by that individual.

Law 52

Law Business Cannabis State Laws 52

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.

Legalization 52

Legalization Marijuana Recreational Dispensary 52