NORML

JUNE 14, 2019

Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. Legislation is pending, House Bill 459, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 180

Legislation Banking Access Hemp 180

NORML

JUNE 23, 2019

Governor John Bel Edwards (D) of Louisiana signed legislation into law to deschedule hemp and hemp-derived CBD from the state’s list of controlled substances. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of industrial hemp production. CA resident?

Legislation 209

Legislation Hemp Decriminalization Agriculture 209

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 196

Legislation Decriminalization Hemp Patients 196

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 84

Banking Compliance Compliance Business 84

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. Eagle Federal Credit Union earned a certification in safe monetary banking protocols that establishes high levels of compliance standards and risk-mitigating strategies for banking cannabis and hemp businesses.

Banking 111

Banking Compliance Compliance Hemp 111

NORML

APRIL 20, 2019

Governor Laura Kelly (D) of Kansas signed industrial hemp production legislation into law. 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.

Legislation 185

Legislation Decriminalization Hemp Compliance 185

NORML

APRIL 26, 2019

After Governor Kristi Noem of South Dakota vetoed a bill to regulate industrial hemp production last month, the legislature is set to study the topic during the interim session. 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 179

Legislation Compliance Compliance Hemp 179

The Blunt Truth

SEPTEMBER 10, 2019

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. First , as of December 20, 2018, hemp is no longer designated as a federally controlled substance.

Hemp 78

Hemp Business Compliance Compliance 78

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. HI resident? IL resident? IL resident? KS resident?

Legislation 166

Legislation Hemp Patients Compliance 166

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. AR resident?

Legislation 194

Legislation Patients Access Seed-To-Sale 194

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. Click here to email your lawmakers in support of industrial hemp production. This was a big week for marijuana in Congress.

Legislation 190

Legislation Hemp Compliance Compliance 190

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. House Bill 491 would regulate industrial hemp production as well as allow the production and retail sale of hemp-derived CBD products. Click here to email your lawmakers in support of regulating hemp and CBD. CA resident? LA resident? LA resident?

Legislation 193

Legislation Hemp Access Patients 193

NORML

MAY 10, 2019

Governor Eric Holcomb (R) of Indiana and Governor Ned Lamont (D) of Connecticut signed industrial hemp legislation into law. Click here to email your lawmakers in support of banking access. Click here to email your governor in support of industrial hemp production. CO resident? Connecticut. IA resident? LA resident?

Legislation 179

Legislation Hemp Compliance Compliance 179

NORML

MAY 17, 2019

Governor Kevin Stitt (R) of Oklahoma signed legislation into law to permit the retail sale of hemp and hemp-derived CBD products. Governor Kim Reynolds (R) of Iowa signed industrial hemp production legislation into law. Click here to email your lawmakers in support of banking access. CA resident? LA resident? MO resident?

Legislation 166

Legislation Hemp Compliance Compliance 166

Medicinal Genomics

NOVEMBER 5, 2019

Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. In a conference call, the USDA further clarified that hemp samples should only include flower and could be as little as the top 2” of the upper-most flower. . The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3%

THC 81

THC Hemp DEA Banking 81

Veriheal

SEPTEMBER 1, 2022

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.

Business 143

Business Banking Legislation Cannabis 143

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.

Hemp 86

Hemp Business Cultivation Banking 86

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

SpeedWeed

FEBRUARY 23, 2021

State representatives gave nearly unanimous support Monday to allowing South Dakota-chartered banks to conduct transactions with businesses that have state licenses for marijuana and industrial hemp. Banks would need to conduct higher scrutiny of marijuana businesses under a federal policy. This is just the first step,” he said.

Banking 52

Banking Business Hemp Marijuana 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

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

Hemp 71

Hemp Business Banking Concentrates 71

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

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40

Banking Hemp Marijuana Events 40

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing. View her full bio at [link].

Banking 96

Banking Compliance Compliance Law 96

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. The risks and significant compliance burden of serving a business that is still federally illegal has led to a smaller number of institutions choosing to serve these customers. Legal Hemp Growing. Bank Secrecy Act Compliance.

Banking 40

Banking Hemp Marijuana Compliance 40

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. percent on a dry weight basis.”

Hemp 59

Hemp Business Banking Agriculture 59

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. Click here to email your governor in support of industrial hemp production. Click here to email your lawmakers in support of banking access. AL resident?

Legislation 123

Legislation Banking Access Hemp 123

Cannabis Law Report

JUNE 25, 2021

Cannabidiol (CBD) products derived from industrial hemp exist in a unique market here in the U.S. 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.

Banking 51

Banking CBD Hemp Seed-To-Sale 51

SpeedWeed

FEBRUARY 24, 2021

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. . HB1203 just passed the House 64-4, and the next step is for it to clear the senate.

Banking 52

Banking Business Legislation History 52

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

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

APRIL 25, 2022

monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. It is also being implemented by ASTM international and the American Trade Association for Cannabis and Hemp ( ATACH) and is now available for wide-scale, national use by cannabis and hemp companies.

Hemp 52

Hemp Banking Safety Compliance 52

Cannabis Law Report

AUGUST 6, 2019

In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. Results that are returned with a THC% of less than 0.3%

THC 61

THC Hemp Seed-To-Sale Collective 61

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. Industrial Hemp.

Compliance 45

Compliance Compliance Education Legalization 45

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40

NORML

JUNE 28, 2019

Governors Ron DeSantis (R) of Florida signed industrial hemp production legislation into law. 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.

Legislation 117

Legislation Access Decriminalization Patients 117

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