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Weekly Legislative Roundup 2/22

NORML

The bill clarifies that products made from the resin of the cannabis plant are legal for medical purposes under state law, including extracts, concentrates, oils, tinctures, and edible products, amongst others. Click here to email your lawmakers in support of banking access. AZ resident? Connecticut. CT resident? IL resident?

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The CLIMB Act: Is Federal Cannabis Business Reform Coming?

Veriheal

banking and insurance). Provision of accounting services; advertising services; legal or compliance services; IT, software, and communications services; packaging, transportation, or other logistics services. The “cannabis tax” is most significantly seen as it relates to banking and financing, and insurance coverage.

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Weekly Legislative Roundup 4/20/19

NORML

Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 19-220, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. SB 51 seeks to assist financial institutions in safely conducting transactions with licensed cannabis businesses.

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Weekly Legislative Roundup 4/26/19

NORML

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. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of medical cannabis access. AL resident? CA resident? LA resident?

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What Do Banks Require for CBD Websites?

Cannabis Law Report

While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. As a result, banks often require a website that sells CBD to meet several criteria to satisfy their guidelines.

Banking 51
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Will hemp taint your banking relationship?  

Cannabis Law Report

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.

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Burns & Levinson Expands National Cannabis Business Law Practice With Two Lateral Hires

Cannabis Law Report

Borg will continue to focus his practice on structuring and offerings of equity and debt securities, mergers and acquisitions, private capital raises and financing, compliance with securities laws, corporate governance and restructuring, and related commercial transactions for companies in the cannabis space.

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