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.

Banking 59

Banking Access Legislation Packaging 59

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.

Banking 52

Banking Hemp Business Access 52

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

The Joint Blog

MAY 22, 2019

The Associated Press is reporting that California is quickly moving forward with a plan to establish a system of banks to work with the marijuana industry which is legal under state law, but illegal under federal law. statutes also prohibit banks from handling money that comes from criminal activity.

Banking 50

Banking Marijuana Retail Collective 50

Cannabis Law Report

FEBRUARY 14, 2020

Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor. Without banking services, U.S. This is not a partisan issue, or a regional issue.

Banking 45

Banking Safety Environment Business 45

The Blunt Truth

APRIL 23, 2020

Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO) just introduced the Emergency Cannabis Small Business Health and Safety Act in the House of Representatives. marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. See text of bill here.

Banking 101

Banking Packaging Programs Legislation 101

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.

Banking 40

Banking Legislation Safety Collective 40

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. IA resident?

Legislation 196

Legislation Patients Access Seed-To-Sale 196

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.”. Lab Testing and Product Safety. Banking, Finance, and Taxation. Impaired Driving and Traffic Safety. Social and Economic Equity. Medical Use and Research.

Compliance 98

Compliance Compliance Programs Topical 98

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.

Dispensary 98

Dispensary Banking Safety Business 98

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

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

Cannabis Law Report

JULY 31, 2019

With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. This business model inherently creates several issues, such as higher rate of theft, difficulty assessing and collecting taxes properly, and allowing bad actors to pose as legitimate.

Banking 40

Banking Research and Development Safety Legislation 40

Canna Law Blog

JULY 30, 2019

Interestingly enough, it’s safe to say that the chaos that commenced with initial licensing under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”) has never really abated. No real banking options. Screwy M&A. We have written a lot about California M&A on the blog.

Collective 67

Collective Banking Compliance Compliance 67

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

Banking 45

Banking Marijuana Collective Recreational 45

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.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

AUGUST 3, 2021

collectively, the “ Underwriters ”). Investor demand for this financing was very strong and we are thankful for the outstanding work of our banking syndicate partners and advisors and we welcome all new Cybin investors that share our vision. Cantor Fitzgerald Canada Corporation and Canaccord Genuity Corp., Wainwright & Co.,

Clinical Trials 105

Clinical Trials Events Treatment Banking 105

Cannabis Law Report

JANUARY 3, 2022

CBD Product Safety and Standardization Act of 2021. The most recent legislation to debut on behalf of hemp, the CBD Product Safety and Standardization Act of 2021, was introduced this month by a bipartisan group of U.S. Hemp Access and Consumer Safety Act. SAFE Banking Act. representatives, including Reps.

Hemp 52

Hemp Packaging Banking Food 52

Cannabis Law Report

JULY 2, 2021

A new report from the Marijuana Policy Project shows that states have collected $7.9 Protect public safety: a better approach on marijuana, Americans for Prosperity, March 2021. If major marijuana reform legislation is to be taken seriously in Congress this year, there are many aspects it must address. billion in 2020 alone.

Policy 92

Policy Legislation Cannabis Legalization 92

Cannabis Law Report

NOVEMBER 7, 2019

A press release issued by Folium April 3, 2019 said Dowty had served as a strategic advisor to create Folium Finance, a collection of financial products and services designed as a new means for cannabis start-ups to get banking services from non-traditional banks.

Hemp 104

Hemp Research and Development Banking CBD 104

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

Please contact your WSLCB Enforcement Officer if you have any questions about implementation and enforcement of this important public safety rule. 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. Payment Methods.

Topical 65

Topical Packaging Retail Legislation 65

Cannabis Law Report

APRIL 15, 2022

The panel would also examine the “lack of consistent regulations for cannabis product safety, use and labeling requirements” as well as the “lack of guidance for cannabis crop production, sale, intrastate, interstate, and international trade.“. National Highway Traffic Safety Administration. Alcohol and Tobacco Tax and Trade Bureau.

Legalization 52

Legalization Marijuana Safety Banking 52

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 The Maya platform empowers psychedelic researchers, providers, and participants to collectively chart psychedelic best practices.

Research and Development 52

Research and Development Therapy Clinical Trials Safety 52

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

DECEMBER 23, 2019

With the states, the feds, and the locals all making up their own rules for hemp and cannabis operations and prohibitions, the illicit market continued to thrive – creating financial hardships for licensed operators and a safety crisis for consumers. The End of the Collective Era. TOP Defining Moments in Los Angeles Cannabis.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

JUNE 15, 2022

The alleged violations involve “pervasive irregularities” that prevented regulators from evaluating whether products from the licensees’ cultivation facilities were properly tested for quality and safety, security camera outages that were not reported to regulators, and improper use of pesticides on their products. On June 8, 2022, the U.S.

Business 52

Business Marijuana Safety Banking 52

Cannabis Law Report

JULY 14, 2021

“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.

Legislation 71

Legislation Banking History Access 71

Cannabis Law Report

APRIL 15, 2022

After an hour of debate, the House also adopted two amendments aimed at assuaging Republican concerns about impaired driving and workplace safety. Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Chuck Schumer (D-NY), and Rep.

Marijuana 52

Marijuana Banking Research and Development Legislation 52

The Herb Collective

AUGUST 29, 2020

Your safety depends on your comfort with the potency in moon rocks. If you don’t feel like breaking the bank to get yourself some quality kush , you can always try to make your own moon rocks! Moon rocks are known to give you a high that is more of a journey than a pit-stop. Are Moon Rocks Safe? Are they worth it?

Hash 96

Hash Marijuana Strains Oil 96

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

The Blunt Truth

OCTOBER 29, 2019

As characterized by Congresswoman Schakowsky , the bill “will provide cosmetics safety that consumers and workers want and deserve; address the over-exposure to toxic chemicals that communities of color and professional salon workers experience every day; and hold companies accountable for the safety of ingredients in their products.”

Hemp 45

Hemp Legislation CBD Research and Development 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.

Education 40

Education Banking Hemp Compliance 40

The Cannigma

JULY 1, 2022

In places where cannabis is still illegal, banking is not guaranteed for anyone that wants to touch the plant. But do we actually need more randomized double-blind clinical trials to justify legislative changes that would afford greater access to cannabis as a medicine, given the acknowledged safety profile of the herb and its constituents?

Research and Development 108

Research and Development Data THC Clinical Trials 108

Leaf Science

AUGUST 6, 2019

The decision to go into the CBD market by a company that offers women’s wear was due in part because of their decision to launch a collection of cosmetics they are offering that is produced by Maybelline in New York. The Collection offered through the collaboration of Kush Queen and Alice and Olivia include three different products.

Research and Development 9

Research and Development Wellness and Beauty Banking CBD 9

Cannabis Law Report

APRIL 5, 2019

On Friday, March 28th the House Financial Services Committee voted to advance the Secure And Fair Enforcement (SAFE) Banking Act to the full legislative body for consideration. Progress is being made at the federal level as well.

Access 45

Access Marijuana Legislation Education 45

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