Cannabis Law Report

NOVEMBER 23, 2021

The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. POSaBIT puts compliance at the center of everything it does. About POSaBIT.

Compliance 52

Compliance Compliance Banking Seed-To-Sale 52

Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? Why MSOs face unique banking challenges. What are multi-state operators?

Banking 87

Banking Supply Chain Dispensary Business 87

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

Cannabis Law Report

SEPTEMBER 30, 2021

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

FEBRUARY 8, 2023

Simplifya Market Guide Now Available to Shield Compliance Customers; Platform Provides Banks and Credit Unions with Real-Time, Comprehensive Regulatory Information for All 50 States (DENVER) February 8, 2023 – Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry, announced the availability of (..)

Compliance 52

Compliance Compliance Data Banking 52

Cannabis Law Report

MARCH 6, 2023

Fintech Innovator Brings Experts Together to Help Banks and Credit Unions Better Understand the Challenges and Opportunities for Cannabis Banking San Francisco, CA – February 28, 2023 – Today, StandardC, the leading fintech platform that transforms how banking and financial service providers manage risk & compliance, is bringing together (..)

Banking 52

Banking Compliance Compliance Cannabis 52

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.

Banking 52

Banking Access Research and Development Policy 52

PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. Thanks to a recent cannabis banking bill that has passed in Pennsylvania, cannabis-related businesses now have the right to use financial institutions and insurance for their businesses.

Banking 52

Banking Law Marijuana Compliance 52

SpeedWeed

APRIL 2, 2021

Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

Compliance 52

Compliance Compliance Media Data 52

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

AUGUST 12, 2021

Carbon negative insulation for homes and commercial properties is to be produced in Scotland for the first time following a £3m investment in a pioneering green materials firm from the Scottish National Investment Bank.

Banking 105

Banking Hemp Business Patients 105

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions.

Banking 52

Banking Compliance Compliance Business 52

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.

Banking 72

Banking Hemp Compliance Compliance 72

SpeedWeed

MARCH 18, 2021

This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry. Cannabis and Banking. This serves as a warning to the banks and credit unions who do already work with the cannabis industry. All over the U.S.,

Banking 52

Banking Compliance Compliance Access 52

Cannabis Law Report

JULY 15, 2019

Here are the Cannabis Compliance and Regulation courses launching on the Green Flower Media platform. . Banking, Accounting and Tax – Steve Schain, Esq. HLG Course Descriptions: Historical Perspectives – Garrett Graff, Esq. Securing State Licenses and Local Permits – Craig Small, Esq.

Compliance 88

Compliance Compliance Media Law 88

Cannabis Law Report

AUGUST 18, 2021

OKLAHOMA CITY – Today, VICTOR NGO , 33, of Oklahoma City, and FRIENDLY MANAGEMENT GROUP, LLC (FMG) , an Oklahoma business, pleaded guilty in connection with a scheme to open a bank account under false pretenses to launder proceeds from marijuana sales, announced Acting U.S. Today, Ngo pleaded guilty to making a false statement to a bank.

Banking 98

Banking Business Marijuana Compliance 98

SpeedWeed

JULY 23, 2021

Most of us buy stuff digitally today, whether we are paying by card, banking app, or mobile payments app. . Most banks will not do business with cannabis merchants, either. Fortunately, you can now sign up for KindPay by KIND Financial and Herring Bank. KindPay works through its partnership with Herring Bank.

Banking 52

Banking Compliance Compliance Retail 52

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

Banking 98

Banking Marijuana Safety Legislation 98

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019.

Banking 99

Banking Marijuana Legislation Business 99

Cannabis Law Report

DECEMBER 2, 2021

.–(BUSINESS WIRE)– #cannabisbanking — NatureTrak , the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Northern Redwood Federal Credit Union. To learn more about NatureTrak, visit www.naturetrak.com. About NatureTrak.

Compliance 52

Compliance Compliance Seed-To-Sale Banking 52

Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. economy: the financial system.

Banking 52

Banking State Laws Law DEA 52

Cannabiz MD

OCTOBER 16, 2024

face unique challenges due to federal barriers to banking, security concerns, and regulatory complexities. The majority of CRBs operate as cash-only businesses, exposing them to security risks and making compliance with federal regulations challenging due to the absence of a paper trail.

Business 52

Business Banking Compliance Compliance 52

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. “ The marijuana industry will soon be exploding in New Mexico , and it is important to have banking safeguards to mitigate illicit and criminal conduct. ALBUQUERQUE, N.M. , Dec.

Banking 52

Banking Hemp Compliance Compliance 52

Cannabis Law Report

OCTOBER 19, 2021

(DENVER) October 19, 2021 – Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance company servicing the cannabis ecosystem through advanced software and technologies, announced it has expanded its suite of regulatory and compliance tools with the launch of Simplifya Market Guide. Banking Guidance.

Compliance 52

Compliance Compliance Supply Chain Banking 52

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships. What happened.

Banking 45

Banking Compliance Compliance Policy 45

Canna Law Blog

JANUARY 16, 2019

We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. We are optimistic that the hemp industry will have ample banking options.

Banking 76

Banking Hemp Environment Access 76

Cannabis Law Report

JANUARY 21, 2022

Business Cann reports it is a big blow for the UK sector as they were one of the few in the country that would accept CBD clients… METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. . Bank Refuses To Comment.

Banking 52

Banking CBD Business Conditions 52

Cannabis Law Report

JANUARY 5, 2022

State/Federal agencies accept the certification model as the compliance standard, as well as for applying risk-mitigating strategies. New Mexico Attorney General Hector Balderas said Monday that the $1.3 billion U.S.

Banking 111

Banking Compliance Compliance Hemp 111

Cannabis Law Report

OCTOBER 28, 2021

Wayne-based Valley National Bank, a subsidiary of Valley National Bancorp, is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley is one of the largest national banks serving multi-state cannabis-related business operators. NJB News reports. ON OCT 27, 2021.

Banking 52

Banking Compliance Compliance Programs 52

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

Banking 59

Banking Business Media Access 59

Cannabis Law Report

AUGUST 30, 2021

provide free electronic payments within-network, powerful integrated banking capabilities, and automated compliance. I started my professional career in finance, at an investment banking firm but quickly launched my own venture capital fund. Confia enables cannabis supply chains to flow efficiently.We Mark Lozzi.

Banking 105

Banking Compliance Compliance Supply Chain 105

Cannabis Law Report

OCTOBER 26, 2021

NEW YORK–(BUSINESS WIRE)– Valley National Bank , a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley is one of the largest national banks serving multi-state cannabis-related business operators.

Banking 52

Banking Business Programs Compliance 52

Cannabis Law Report

OCTOBER 14, 2021

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. Simplifya’s suite of compliance tools now available to the cannabis ecosystem in West Virginia include: Simplifya Standard Operating Procedures (SOPs). Emerging Medical Marijuana Market Stay Compliant.

Compliance 52

Compliance Compliance Tincture Conditions 52

Cannabis Law Report

SEPTEMBER 6, 2019

This is what they say… The Green Flower Cannabis Compliance & Regulations Certificate Program will familiarize you with the laws and regulations that govern the cannabis industry in the United States, so you’ll be able to keep your organization, your team, and yourself out of trouble as your business matures. Investment Law.

Compliance 45

Compliance Compliance Education Legalization 45

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

Banking 55

Banking Safety Compliance Compliance 55

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40