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

JANUARY 5, 2022

StandardC, a leader in cannabis & marijuana banking and financial services, announced today that its lending partner had closed the first $5 million loan from their newly established $200M fund for a leading marijuana cultivator using the StandardC platform.

Banking 52

Banking Marijuana Compliance Compliance 52

SpeedWeed

JULY 21, 2021

The NDA launched roughly five years ago as an advocacy and trade association for the retail segment of the market but has recently expanded to include cannabis cultivators and distributors. The post Legislation to Expedite Cannabis Cultivation Introduced in New York appeared first on SpeedWeed. Reflecting on Lessons Learned.

Cultivation 52

Cultivation Legislation Dispensary Packaging 52

NORML

FEBRUARY 22, 2019

Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, Senate Bill 8, as well as Senate Bill 598, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 183

Legislation Hemp Compliance Compliance 183

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. Background. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

NORML

APRIL 5, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. 333, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access. California.

Legislation 190

Legislation Banking Hemp Compliance 190

MMJ Recs

MAY 5, 2024

This landmark legislation legalized the use and cultivation of cannabis for medical purposes by patients with a valid recommendation from a physician. Together, these laws provide a comprehensive regulatory framework that governs the cultivation, distribution, and use of both medical and recreational cannabis.

Law 52

Law Marijuana Cultivation Patients 52

Cannabis Law Report

MAY 11, 2022

Internal processes of the Control Board will be significantly sped up upon the hiring of a licensing staff and compliance enforcement team. Although social equity applicants and small outdoor cultivators receive priority review, the Board cannot move forward with any of these applications due to a lack of completion in all of them.

Cultivation 52

Cultivation Safety Banking Compliance 52

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

Legislation 171

Legislation Decriminalization Hemp Patients 171

Cannabis Law Report

DECEMBER 19, 2021

Meanwhile, the new union – which was officially registered two weeks ago – seeks to bring together the largest number of people related to the self-cultivation of cannabis industry. In turn, Sauleda referred to the “problem of banks”, since cannabis companies are denied access to bank accounts.

Banking 52

Banking Cultivation Media Consumption 52

Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

Supply Chain 52

Supply Chain Compliance Compliance Banking 52

Medicinal Genomics

NOVEMBER 5, 2019

While several lawmakers and industry stakeholders celebrated the announcement , not everyone on the cultivation side is so positive. This change shouldn’t affect most hemp farmers who have no interest in cultivating psychoactive plants; however, it does remove a safety net. New Sampling Guidelines. What does this mean for hemp farmers?

THC 81

THC Hemp DEA Banking 81

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

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Senate Bill 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Click here to email your lawmakers in support of banking access.

Legislation 140

Legislation Hemp Patients Compliance 140

Cannabis Chronicles

JULY 1, 2019

Everything is harder — from opening a bank account to finding office space to hiring qualified employees — says Shane Schmitt, general manager of Wy’East Oregon Gardens, a cannabis cultivation and processing facility in Portland. But be warned, the cannabis industry is not for the faint of heart. DO WHAT YOU KNOW. Are you a farmer?

Business 100

Business Data Banking Cultivation 100

SpeedWeed

JULY 7, 2021

Sessions will be offered across four paths: Cultivation, Processing, Operations Management, and Business / Legal / Finance. Some of the seminars in each of these paths include: Cultivation Seminars: Cannabis Ag-Tech Saves Food from Climate Change. Cultivating Secondary Metabolites to Boost Your Grow’s Bottom Line.

Media 52

Media Packaging Food Safety 52

Cannabis Law Report

JUNE 19, 2019

The number one challenge for businesses in the cannabis industry is legal compliance. No trade is more challenging than cannabis. Our lawyers have years of combined experience in all the practice areas related to the cannabis industry.

Law 51

Law Compliance Compliance Banking 51

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

FEBRUARY 2, 2022

TAXMAP will be co-funded by the UK’s innovation agency, Innovate UK, in supplying a real-time tax and audit compliance solution for vice and e-commerce companies. Keeping track of invoices and tax compliance is more complicated than ever and there are no excise and tax solutions available for established and expanding cross border companies.

Compliance 52

Compliance Compliance Research and Development History 52

Cannabis Law Report

MARCH 20, 2020

” In closing, remember earlier when I mentioned that “Some of the fastest-growing areas have included financial and legal services, technology, software, and cultivation.” MOBILE, DIGITAL BANKING . COMPLIANCE. HIPAA COMPLIANCE. V: SCIENCE AND CULTIVATION . CULTIVATION. FINANCIAL SERVICES.

Dispensary 64

Dispensary Compliance Compliance Cultivation 64

Cannabis Law Report

JULY 15, 2021

Cultivators and wholesalers have had an easier time than retailers as more expenses are directly associated with COGS. It should be included in any assessment of 280E that a repeal (and normal access to banking) is likely to increase taxpayer compliance by existing companies.

Compliance 105

Compliance Compliance THC Retail 105

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.

Hemp 74

Hemp Business Cultivation Banking 74

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. Most Temporary Cultivation licenses Expired. Many Cultivation operators slid in their applications before the Jan 1, 2019 deadline which resulted in an April expiration date.

Law 59

Law Banking Hemp Retail 59

NORML

MAY 17, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of compassionate care programs. CA resident? CA resident? IL resident? MO resident? Update : S.

Legislation 140

Legislation Hemp Compliance Compliance 140

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, The Cannabis Regulation and Tax Act, to regulate the use, possession, cultivation, and retail sale of adult use marijuana. AL resident? IL resident?

Legislation 112

Legislation Banking Access Hemp 112

NORML

APRIL 20, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of banking access. 333, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. California.

Legislation 156

Legislation Decriminalization Hemp Compliance 156

Cannabis Law Report

MAY 26, 2019

Navigating the various state compliance regulations – while the consumption of marijuana, regardless of its intended use, is still prohibited at the federal level – can be a daunting task. Department of Treasury issues for banking and financial services clients engaged in the industry, and more.

Law 55

Law Marijuana Compliance Compliance 55

Cannabis Law Report

MARCH 13, 2019

The Cannabis and Hemp Advisory practice will provide counsel and support to existing businesses, start-ups, and ancillary service providers within the cannabis industry, especially in the areas of: tax planning; compliance with section 280E of the U.S. Will Banks get a Hit of the Cannabis Industry? CONTINUE READING. CONTINUE READING.

Hemp 71

Hemp Business Banking Concentrates 71

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 315, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Update : SB 51 is scheduled for a hearing in the Assembly Business And Professions Committee on 7/9/19. CA resident?

Legislation 109

Legislation Access Decriminalization Patients 109

Cannabis Law Report

JULY 7, 2021

Once upon a time, in a town called Garray, about 9 kilometres from Soria, on the banks of the Douro River sat a large greenhouse. Cannabis Cultivation Licenses in Spain. It used to be the largest producer of red roses in Europe. However, last April the owner decided to ditch the rose idea and focus only on cannabis.

Banking 80

Banking Cannabis Cultivation Compliance 80

Otherside Farms

AUGUST 4, 2020

Concrete extraction technicians, researchers, marijuana cultivators, marketers, marijuana processors, cannabis branding, and developers will all have a place in the industry. You could look ay business management, cultivation, design, marketing, financial services, activism, security, computer programming, and content creation.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

JUNE 16, 2019

Steve represents entities, governments and individuals in choosing a structure, preparing and submitting license application, regulation, compliance and litigation, and drafting legislation. . – adding oil-based ( i.e. , vape cartridges) medical marijuana to available list.

Programs 77

Programs Chronic Pain Marijuana Conditions 77

Cannabis Law Report

DECEMBER 24, 2021

Mukti Mor is at the heart of Naogaon city that is surrounded by properties of “Ganja Cultivators Cooperative Society” worth several thousands of crores of taka. However, the good old days of the cannabis cultivators are gone as their more than one hundred years old society is plagued by illegal occupations and lawsuits.

Research and Development 52

Research and Development Cultivation History Cannabis 52

Veriheal

DECEMBER 1, 2020

Favorable cannabis reform laws would also lead to things like businesses accepting charitable contributions, the banking industry seeing a massive surge in their customer base, and more. The industry also could stand to grow on a global level as the global cannabis trade community is cultivated. Cannabis Will Add More Jobs.

Agriculture 52

Agriculture Cultivation Cannabis Strains 52

Canna Law Blog

NOVEMBER 16, 2023

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

Banking 89

Banking Business Cannabis Hemp 89

Cannabis Law Report

SEPTEMBER 16, 2022

The program is a “limited license” regime, under which a set number of vertically integrated “Medical Marijuana Treatment Centers” are licensed to cultivate, process, and dispense cannabis to qualified patients. Like Florida, Arkansas is a limited license regime. Arkansas dispensaries began serving qualified patients in 2019.

Law 52

Law Programs Cultivation Dispensary 52

Cannabis Law Report

FEBRUARY 3, 2020

Russell was cultivating at the cannabis farm he operated just off Highway 20 near Anacortes. million into Russell’s personal bank accounts. Dear Weedmaps, we know how hard you work on compliance and listing illegal businesses ! Here’s what the Seattle Times has learnt so far.

Cannabis 86

Cannabis Business Recreational Banking 86