NORML

JUNE 14, 2019

Activists in Mississippi have collected approximately two thirds of the needed signatures to qualify a medical cannabis ballot initiative in 2020. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident?

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Legislation Banking Access Hemp 182

The Blunt Truth

MARCH 12, 2020

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. This means that the group will have to redraft the proposal, collect signatures and resubmit. Mike Crapo (R-ID) and Sen. ON THE LIGHTER SIDE.

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Banking Chronic Pain Hemp Decriminalization 105

Cannabis Law Report

APRIL 28, 2022

Banking associations representing all 50 states and one U.S. territory sent a letter to Senate leaders on Thursday, imploring them to include marijuana banking reform in a large-scale manufacturing bill that’s heading to bicameral conference. ABA and SBA Letter to the Senate Support SAFE Banking in America COMPETES Act 04282022.

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Banking Access Legislation Packaging 59

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Require federal banking regulators to identify best practices to achieve racial equity in financial services. 21 Pages Posted: 12 Aug 2022.

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Banking Access Research and Development Policy 52

The Blunt Truth

MAY 6, 2022

On the federal level, cannabis banking may be part of the COMPETES Act. Regular readers will doubtless recall that we left proponents prepared to collect additional signatures to put legalization on the ballot after it appeared that the legislature would not take up the issue. New Hampshire’s Senate decided against legalizing.

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Banking Legislation Collective Events 110

Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. 68% support Congress passing legislation that allows cannabis businesses to access banking services and products in states where cannabis is legal.

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Banking Hemp Business Access 52

Cannabis Law Report

JANUARY 28, 2020

Banks and accountants wouldn’t be committing crimes under California law by providing services to cannabis clients under a bill that passed the state Assembly 60-1 on Monday. The measure, Assembly Bill 1525 , would help cities and counties collect taxes. Bloomberg reports.

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Banking Collective Data Cannabis 45

Cannabis Chronicles

MAY 22, 2019

Bills have been repeatedly introduced in Congress to end that classification, as more and more states move to legalize the drug for recreational and medicinal purposes and lawmakers push for other reforms, including allowing pot businesses access to banking services.

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Medicine Research and Development Data Collective 140

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

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).

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Banking Packaging Safety Business 61

Cannabis Law Report

DECEMBER 12, 2019

United States: Bank On Hemp: Federal Banking Regulators Loosen The Reins. On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network… United States: Feds Issue Badly Needed Hemp And CBD Banking Guidance.

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Banking Hemp Law Collective 45

Cannabis Law Report

AUGUST 20, 2021

Bophelo is being spun off by Canadian parent Halo Collective into a new, non-US, international entity, Akanda. CNW Group/Halo Collective Inc.). . … The suits have descended on Lesotho to start putting a value on Bophelo Bioscience and Wellness , which aspires to be the world’s biggest cannabis grow.

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Collective Banking Pharmaceutical Cultivation 105

Cannabis Law Report

DECEMBER 1, 2021

Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. Retailers can reduce the amount of money on-site, and collect more data about their customers who are no longer cash transactions. Tsang has a long history in the banking world.

Banking 52

Banking Dispensary Wellness and Beauty Retail 52

Cannabis Law Report

AUGUST 10, 2021

The Hawthorne Collective to Invest $150 million in Canadian-based RIV Capital. To that end, The Hawthorne Collective will provide a $150 million convertible loan to Toronto-based RIV Capital (TSX: RIV) (OTC: CNPOF), a cannabis investment and acquisition firm currently listed on the Toronto Stock Exchange. MARYSVILLE, Ohio, Aug.

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Collective Hydroponic Events Business 105

The Blunt Truth

APRIL 23, 2020

marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. Because it’s hard to get money from the federal government if you have no bank account to receive it. See text of bill here. STATE ISSUES. Further bulletins as events warrant.

Banking 101

Banking Packaging Programs Legislation 101

Cannabis Law Report

JULY 12, 2019

The California legislature is currently considering a first-of-its kind urgency bill, SB 51, the “Cannabis Limited Charter Banking and Credit Union Law.” The law would empower privately insured charter banks and credit unions to be licensed as “cannabis depository institutions”, or “CDIs”, to bank California cannabis money.

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Banking Business Cannabis Legislation 40

Cannabis Law Report

JUNE 14, 2022

Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. The Franklin Observer writes.

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Collective Business Legislation Cannabis 52

Cannabis Law Report

MAY 21, 2019

Lacking banking services, many legal cannabis businesses operate solely in cash,” it says. The majority of states have legalized medical or recreational cannabis, and need to have safe banking options for these businesses. State Treasurers Group Endorses Marijuana Banking Legislation.

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Banking Legislation Safety Collective 40

Illinois News Joint

JANUARY 23, 2023

For the community, Maribis Westchester participates in a variety of programs, including children’s school supply drives, food drives for local food banks, holiday toy collections, as well as funds scholarships at two community colleges for students interested in cannabis careers, among other special events.

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Dispensary Events Food Banking 98

Illinois News Joint

MARCH 1, 2023

For the community, Maribis Grand participates in a variety of programs, including children’s school supply drives, food drives for local food banks, holiday toy collections, as well as funds scholarships at two community colleges for students interested in cannabis careers, among other special events.

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Dispensary Retail Events Food 98

Cannabis Law Report

SEPTEMBER 20, 2019

Hoyer, D-Maryland, announced on the House floor that he will schedule the SAFE Banking Act for a vote. Full report: In historic move, US House to vote on cannabis banking bill next week. 1595, SAFE Banking Act of 2019, as amended. . House of Representatives next week, House Majority Leader Steny Hoyer said Friday.

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Banking Collective State Laws Policy 45

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. WV resident?

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Legislation Patients Access Seed-To-Sale 193

Cannabis Law Report

JULY 22, 2019

She emptied her 401(k) and plowed all of her late parents’ retirement savings into transitioning Fiddler’s Green, a former medical cannabis collective, into a licensed adult-use company. But because this is cannabis, bank loans are not an option. Instead, Hattan lives every day on edge.

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Banking Tincture Legalization Collective 40

Cannabis Law Report

JUNE 9, 2022

Treasury Department is proposing to start collecting data on marijuana businesses from banks—alongside industries it already tracks like liquor stores, convenience stores, casinos and car dealers—as part of its ongoing efforts to combat money laundering activities. Marijuana Moment reports. Read full report.

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Data Business Banking Collective 52

Cannabis Law Report

AUGUST 9, 2021

This randomized controlled trial will collect data on 13 U.S. A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. CStore Decisions.

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Hemp CBD Legalization Edibles 105

Cannabis Law Report

JANUARY 10, 2020

Tax Collections in the Marijuana Industry. Of the taxes collected from the special sales tax, 90 percent goes to the state government and the remaining 10 percent is redistributed to local governments. xxix Tax collections through September were 11.3 xxix Tax collections through September were 11.3

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Banking Marijuana Collective Recreational 45

The Blunt Truth

DECEMBER 19, 2019

The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. And a Kentucky legislator is proposing that state legalize as well.

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Banking Agriculture Collective Legislation 61

Dykema (Cannabis Law Blog)

APRIL 1, 2020

In a vote of 321-103, the House of Representatives took the first steps to securing better access for the cannabis industry by passing the Secure and Fair Enforcement Act , “SAFE” Banking bill. SAFE generally prohibits federal banking regulators from penalizing an institution for providing banking services to legitimate cannabis businesses.

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Banking Business Collective Access 40

Cannabis Law Report

JUNE 20, 2019

In its budget forecast, Maine is banking on $22 million in adult-use sales in the first three and a half months after the market’s launch. With a 10 percent sales tax, and a 10 percent excise tax, Maine is expecting to collect about $4.4 With a 10 percent sales tax, and a 10 percent excise tax, Maine is expecting to collect about $4.4

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Law Banking Collective Retail 73

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

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Banking Safety Collective Access 55

Canna Law Blog

JULY 30, 2019

The “collective hangover” Shockingly enough, our cannabis business attorneys in California still get calls from people who want to set up non-profit “collectives” under the Compassionate Use Act of 1996. No real banking options. Screwy M&A. We have written a lot about California M&A on the blog.

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Collective Banking Compliance Compliance 66

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

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Banking Law Compliance Compliance 40

The Blunt Truth

MAY 12, 2023

This week, we have an update on the latest incarnation of the SAFE Banking Act. SAFE BANKING The Senate Banking Committee held a hearing late this week on the difficulties the cannabis industry faces due to a lack of access to the federal banking system. We look at the legalization signature drive in Ohio.

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Banking Programs Collective Food 52

Veriheal

SEPTEMBER 14, 2020

While medical is helping the people of Pennsylvania, it isn’t collecting the revenue that recreational sales could be collecting. . Sale or Distribution – Having 30 grams or less of cannabis, even if it is gifted, is a misdemeanor and could land you as much as 30 days in jail and a $500 hit to your bank account.

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Recreational Legalization Seed-To-Sale Pharmaceutical 98

Cannabis Law Report

NOVEMBER 15, 2021

As we collectively analyze and respond to emerging issues in the cannabis industry, we will continue to be the preeminent voice in cannabis regulatory policy.”. Banking, Finance, and Taxation. Social and Economic Equity. Medical Use and Research. Public Health and Data Monitoring. Lab Testing and Product Safety. Public Education.

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Compliance Compliance Topical Programs 98

Cannabis Law Report

SEPTEMBER 9, 2021

The collection of data for the final study was through focused interviews with a snowball sample of eight participants who have experienced trying to enter the cannabis industry in Western City, California. The color of money, black banks and the racial wealth gap (1st ed). References. Baradaran, M. qualitative research procedure.

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Policy Research and Development Collective Banking 105

Illinois News Joint

JULY 11, 2024

According to the report, compared to White men, racial and/or ethnic minorities and women are less likely to be business owners and have less access to capital through either hourly wages or bank loans. Black loan applicants face higher bank loan denial rates. Black, Hispanic, additional raced26, and women workers have lower wages.

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Data Policy Banking Business 105