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.

Collective 105

Collective Hydroponic Events Business 105

Cannabis Law Report

APRIL 13, 2022

’s ability to navigate the legal and compliance needs across the fragmented geography of the Caribbean, bringing operating efficiencies that will drive further accessibility to Curaleaf’s family of CBD products. WB Canna Co. & What’s Next? “We

Retail 52

Retail Hemp CBD Banking 52

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.

Collective 59

Collective Banking Cannabis Compliance 59

Cannabis Law Report

AUGUST 6, 2019

In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content.

THC 61

THC Hemp Seed-To-Sale Collective 61

Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. California Steps Up Tax Collection Efforts. On June 8, 2022, the U.S.

Business 52

Business Marijuana Safety Banking 52

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. Update : H.333

Legislation 175

Legislation Patients Access Seed-To-Sale 175

Cannabis Law Report

DECEMBER 25, 2021

Samples were collected and labeled with EE numbers of staff rather than using their names,” he explained. PRO Saidybah clarified that the DLEAG Commissioner for North Bank Region is not among those found wanting in this exercise.

Law 52

Law Banking Compliance Compliance 52

Cannabis Law Report

JULY 22, 2019

Specifically, they called for the passage of the Secure and Fair Enforcement Banking Act, a pending bipartisan bill that would allow financial institutions to serve legitimate cannabis businesses in states that have legalized the drug. Congress can solve the cannabis banking conundrum now. By Rob Nichols, Jim Nussle.

Banking 40

Banking Safety Business Legislation 40

Cannabis Law Report

FEBRUARY 4, 2019

WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Licenses are to report both the calculated tax amount and the amount of additional collected tax. Have lost their bank. The bank has denied their application.

Topical 65

Topical Packaging Retail Legislation 65

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. The End of the Collective Era. This also served as the end of the collective defense for those criminally charged with operating a cannabis business without a license. .

Law 59

Law Banking Hemp Retail 59

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony.

Compliance 52

Compliance Compliance Banking Data 52

Canna Law Blog

MARCH 13, 2024

Though many business owners may find banking to be a headache regardless of industry, few business owners have more hurdles to deal with than cannabis growers and dispensaries. The current state of cannabis banking can have a significant impact on where cannabis business owners keep their money and whether they obtain cannabis loans.

Banking 92

Banking Business Cannabis Compliance 92

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

Otherside Farms

AUGUST 4, 2020

Your business plan should address key considerations such as funding, marketing, competition, legal compliance, and other essential components of running your business. Due to cannabis businesses being considered high risk, banks will often not loan money. Credit Card Processing and Banking. Fund your Business.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. Will the IRS be given a new mandate to oversee and collect a new “Federal Cannabis Excise” tax?

Legalization 58

Legalization Collective DEA Banking 58

Cannabis Law Report

MARCH 10, 2022

As in prior years, the panelists and presenters seemed to agree: industry participants and trade groups can, and should, continue to find unity and common ground for collaboration without letting perfection or competition get in the way of collective progress.

Hemp 52

Hemp Research and Development Supply Chain Data 52

Connor & Connor PLLC

AUGUST 30, 2018

The IRS uses a variety of indirect methods of proof including: the bank deposits analysis (most common), net worth analysis, cash-t analysis, and the mark-up method. Department of Treasury that collects and analyzes information about financial transactions in order to combat money laundering and other financial crimes.

Business 49

Business Marijuana Banking Collective 49

Cannabis Law Report

SEPTEMBER 1, 2021

Federal law requires that taxpayers must report income from illegal sources – including cannabis sales (whether state sanctioned or not) – raising numerous tax compliance and design issues. The lawful cannabis industry faces numerous regulatory hurdles that makes even good-faith compliance with the law a challenge. Introduction.

Policy 100

Policy Cannabis Law Treatment 100

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

Policy 45

Policy Banking Programs History 45

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Compliance Compliance Business 52

The Blunt Truth

OCTOBER 29, 2019

USDA has also established specific compliance requirements for USDA licensees, including the USDA’s ability to conduct random audits and issue corrective action plans for producers’ negligent violations. The SAFE Banking Act May Help CBD Industry. Actions deemed violatory could result in a suspension or revocation of a USDA license.

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

APRIL 30, 2019

Unfortunately, due to federal prohibition, Marijuana Related Businesses are denied many standard insurances (like crop or cash exceeding $25,000), federal trademark and patent protection, and banking and credit card services. .

Business 45

Business Marijuana Compliance Compliance 45

SpeedWeed

FEBRUARY 24, 2021

The other thing the team has been doing is working to identify facilities nationwide, where we find a collection of licenses at a location that are owned by one company. This is a great idea, talk to our bank. But ultimately, we became affiliated with the safe harbor banking network. Robert Mohr: Yeah, absolutely.

Banking 52

Banking Research and Development Data Media 52

Canna Law Blog

JULY 7, 2020

The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). The purpose of that statement was to to help financial institutions deal with BSA and anti-money laundering (AML) compliance in light of the fact that hemp is no longer a Schedule I controlled substance under federal law.

Banking 57

Banking Hemp Compliance Compliance 57

Cannabis Law Report

MAY 6, 2019

Unfortunately, due to federal prohibition, Marijuana Related Businesses are denied many standard insurances (like crop or cash exceeding $25,000), federal trademark and patent protection, and banking and credit card services.

Business 45

Business Marijuana Supply Chain Events 45

Cannabis Law Report

JUNE 16, 2019

For example, there are many banks that won’t open accounts and most brokerage firms won’t trade cannabis stocks. What were some of the biggest differences you noticed right away when entering the cannabis industry? Operationally, the cannabis industry is still much more difficult to navigate than other sectors.

Research and Development 40

Research and Development Banking Cannabis Packaging 40

Cannabis Law Report

JANUARY 15, 2019

The case primarily involves recordkeeping, compliance with reporting requirements, and the maintenance of a comprehensive system of internal accounting controls. attorneys, certified public accountants] as well as in securing appropriate advice relating to compliance, security, and inventory control.

Business 58

Business Dispensary Cannabis Compliance 58

SpeedWeed

APRIL 3, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Legalization Compliance Compliance 52

Cannabis Law Report

JULY 27, 2019

Banks, landlords, insurance companies and other service providers remain skittish about doing business with companies that are essentially breaking federal law. Overarching Risks. It is impossible to ignore the serious legal and business complications of franchising a cannabis business due to marijuana being illegal under federal law.

Supply Chain 40

Supply Chain Programs Business Retail 40

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Education 52

Education Banking Hemp Compliance 52

Cannabis Law Report

APRIL 13, 2022

A couple of months earlier, the House passed a bill that would allow banks to offer various financial services to cannabis businesses. The stated purpose for the revision was to simplify tax return preparation, improve compliance and enforcement, and aid in the interpretation of tax law provisions. xx] [link].

Business 52

Business Cannabis Law Decriminalization 52

Cannabis Law Report

NOVEMBER 30, 2021

Bryan draws on her prior in-house experience as a Senior Corporate Counsel for one of the largest banks in the United States in order to anticipate her clients’ evolving business needs and tailor her legal services to their specific goals.

Banking 52

Banking Compliance Compliance Business 52

Meadow

JUNE 29, 2018

Lori Ajax and David Hua at Meadowlands on Saturday, June 16, 2018 (Photo Credit by Kandid Kush) One of our primary goals for Meadowlands was to open the channels of communication and make sure compliance and regulatory information is available to everyone in the community who needs it, not just those who can afford compliance experts.

Supply Chain 40

Supply Chain Wellness and Beauty Retail Cultivation 40

Cannabis Law Report

SEPTEMBER 5, 2019

Where necessary, bank accounts should be opened, detailed procedures for internal accounting controls over cash developed and documented, and coordinated with both business operations and security. . 5] We have compiled a number of collections of Whitepapers, Tools and Guides for the commercial cannabis industry, particularly California.

Business 11

Business Cannabis Extraction Dispensary 11

SpeedWeed

AUGUST 18, 2021

House, who was aligned with partners who were not Jones and White, collectively directed a majority interest of the LLC membership units (akin to shares in a corporation) in Genetixs. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance.

Business 52

Business Cultivation Seed-To-Sale Law 52

SpeedWeed

AUGUST 17, 2021

House, who was aligned with partners who were not Jones and White, collectively directed a majority interest of the LLC membership units (akin to shares in a corporation) in Genetixs. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance.

Business 52

Business Cultivation Cannabis Seed-To-Sale 52

SpeedWeed

AUGUST 17, 2021

House, who was aligned with partners who were not Jones and White, collectively directed a majority interest of the LLC membership units (akin to shares in a corporation) in Genetixs. Cannabis tax, accounting, and books and records system expertise for IRS 280E federal compliance.

Business 52

Business Cultivation Cannabis Seed-To-Sale 52