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. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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The Blunt Truth

JUNE 30, 2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Congress removed marijuana banking from the COMPETES Act. Meanwhile, in Nebraska, signature collecting continues for a ballot initiative. safe banking. And finally, Major League Baseball welcomes CBD sponsors.

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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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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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The Blunt Truth

MAY 21, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. cannabis banking. massachusetts. and finally.

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Cannabis Law Report

DECEMBER 1, 2021

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. Tsang has a long history in the banking world. You can spend it anywhere Supernet is accepted.”

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Cannabis Law Report

MAY 21, 2019

The measure, which makes clear that the group “takes no position as to whether cannabis should be legalized under the laws of the United States or of any state,” highlights the public safety issues caused by current federal policy, which makes many financial services providers reluctant to work with the marijuana industry.

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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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The Blunt Truth

MAY 6, 2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. New Hampshire’s Senate decided against legalizing. On the federal level, cannabis banking may be part of the COMPETES Act. New Hampshire is surrounded by states where marijuana is legal for adult-use. new hampshire.

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Cannabis Law Report

JUNE 22, 2021

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. About Halo Collective Inc.

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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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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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The Blunt Truth

MAY 12, 2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we have an update on the latest incarnation of the SAFE Banking Act. We look at the legalization signature drive in Ohio. Could this be the first step on the journey to enact the SAFE Banking Act?

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Veriheal

SEPTEMBER 14, 2020

Lawmakers are looking at ways to increase the state’s revenue, and to no surprise, some suggest legalizing recreational cannabis. Tom Wolf is one of those lawmakers who is pushing for the legalization of recreational cannabis. Medical marijuana was legalized in Pennsylvania back in 2016 and went into effect in 2018.

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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.”

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The Blunt Truth

MARCH 12, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. One allows doctors at VA hospitals to prescribe medical cannabis in states where it is legal. As for banking, banking associations around the country sent a letter to Sen. FEDERAL NEWS. ON THE LIGHTER SIDE.

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Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. This randomized controlled trial will collect data on 13 U.S. Radicle Science study will evaluate effectiveness of various CBD products. CStore Decisions. Farm Credit, USDA actions on lending have hemp industry concerned.

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Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Despite 47 states plus DC permitting some form of marijuana, legal and legitimate businesses forced to operate in cash. From Rep Heck’s Office. Feb 13, 2019 . Press Release. Washington, D.C. Ed Perlmutter (CO-07).

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Cannabis Law Report

JANUARY 10, 2020

Colorado, which opened recreational stores in January 2014, has the longest-running legalized marijuana market in the United States. Historically, the legality of cannabis—a generalized term used to describe the plants from which both marijuana and industrial hemp are derived—has evolved over time in the United States.

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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. While hemp and marijuana are both derived from the plant Cannabis sativa L, they are legally distinguished on both a federal and state level by their THC content.

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Cannabis Law Report

APRIL 24, 2019

Federal Legalization – Then What? Let’s think through a couple of scenarios and have a peek at the landscape in a post-legalization world. Federal Legalization – Then What? Will the mandate for the DEA be changed to oversee another special agricultural legal crop or a medicine ?

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The Blunt Truth

DECEMBER 19, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. On the state level, New Jersey legislators passed a bill to put legalization on the 2020 ballot.

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The Blunt Truth

APRIL 23, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The ACLU released a report on Monday that highlights the racial disparities in enforcement of cannabis laws, both in states were marijuana is legal and in states where it is not. marijuana banking. STATE ISSUES.

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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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Cannabis Law Report

JULY 25, 2022

The April 2019 law, which legalized recreational cannabis on Guam states the government must start accepting applications from cultivators, manufacturers, testing labs and retailers no later than 90 days after the rules and regulations took effect, which was May 29.

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Cannabis Chronicles

MAY 22, 2019

The Puyallup tribe has staked several claims in the state’s legal marijuana industry, opening two recreational stores in the Tacoma area. Jake Felice, a naturopathic medicine practitioner who consults for cannabis businesses in Washington state seeking medicinal approval, said any data collection system for patients should be far-reaching.

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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. territories have legalized the medical use of marijuana.

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The Cannigma

MARCH 12, 2021

Listen & Subscribe: Very few medical cannabis advocates are against the full legalization of the plant for all adults. But sometimes one unintended consequence of adult-use legalization is that the market no longer caters to medical patients. What is the relationship between medical and recreational legalization?

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Cannabis Law Report

SEPTEMBER 22, 2022

Whether affecting the amount of time a child would spend with the parent (physical custody), or a parent’s ability to make decisions for the health, education and welfare of the child (legal custody), a positive toxicology result slammed the door shut.

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Illinois News Joint

JULY 11, 2024

While the report finds instances of perceived discrimination, the finding state, “we could not meet the legal standard of attributing disparities to direct discrimination experienced by licensees or applicants. Black loan applicants face higher bank loan denial rates.

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Cannabis Law Report

DECEMBER 4, 2021

states and municipalities burn through their federal coronavirus relief money, taxes on legal weed will help blunt the budget pain. This year, five states—New York, New Jersey, Connecticut, Virginia and New Mexico legalized recreational pot, bringing to 18 the number of states enacting law to regulate and tax cannabis for adult use.

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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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Canna Law Blog

JULY 30, 2019

Attorney General, Jeff Sessions, rescinded all former Department of Justice guidance on federal enforcement of the Controlled Substances Act in states with legal cannabis. Unless you’ve been living under a rock, you know that the “collective model” died on January 9 of this year, and it’s not coming back.

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Cannabis Law Report

FEBRUARY 2, 2019

California’s failure to carefully heed all of the admonitions of the Report of the Blue Ribbon Commission in its implementation of cannabis regulation is a far more pervasive cause of the present chaos than tax rates that are too high and a lack of banking. Underground cannabis businesses have managed for generations without banking.

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Cannabis Law Report

JUNE 20, 2019

It brings Maine one major step closer to its first legal recreational sales, which regulators estimate could occur in March 2020 – after the state’s tracking and licensing systems are ready, marijuana businesses get state and local licenses and growers have product ready to hit the shelves. In fiscal year 2023, Maine is banking on $33.2

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Cannabis Law Report

SEPTEMBER 12, 2022

Launched in 2021, the USCC says it “combines the collective resources of many of the largest cannabis companies, prominent advocacy organizations and hundreds of thousands of individuals.”

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The Blunt Truth

AUGUST 7, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The amendment would protect state legal marijuana companies, both medical and recreational, from federal interference. The House of Representatives passed this year’s version of the Rohrabacher-Blumenauer amendment.

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