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 70

Banking Hemp Compliance Compliance 70

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

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. Policy Movement.

Compliance 52

Compliance Compliance Supply Chain Banking 52

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 98

Banking Marijuana Legislation Business 98

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

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 75

Banking Hemp Environment Access 75

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

Banking 55

Banking Safety Compliance Compliance 55

Burns Levinson (Cannabusiness advisory)

APRIL 20, 2022

However, the legality is questionable, and as cashless ATMs may be violating the policies of major credit card companies, the method may soon be shut down. Tina Sbrega of Lighthouse Biz Solutions, and Cathy Corby Iannuzzelli of KindTap Technologies, will discuss their … Keep reading.

Events 89

Events Law Business Banking 89

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. Bank Secrecy Act Compliance. July 1 2019. Article by Ann L.

Banking 40

Banking Hemp Marijuana Compliance 40

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.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

JULY 2, 2019

Starting today, US manufacturers and merchants can apply through LegitScript to certify CBD products and websites that are in compliance with USDA, FDA, FTC, and DEA regulations, as well as state-specific laws.

Compliance 40

Compliance Compliance Programs CBD 40

Cannabis Law Report

FEBRUARY 28, 2023

A unique cannabis public policy and industry experiment is ramping up in Malta where non-profit adult-use cannabis clubs are expected in the near future. Starting next week, Malta’s government will begin accepting applications for non-profit adult-use cannabis clubs.

Banking 52

Banking Policy Legalization Cannabis 52

Cannabis Law Report

NOVEMBER 15, 2021

Treasurer Tyler Klimas, Executive Director of the Nevada Cannabis Compliance Board, At-large board member Steve Marks, Executive Director of the Oregon Liquor and Cannabis Board. 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.”.

Compliance 98

Compliance Compliance Programs Topical 98

Cannabis Law Report

APRIL 25, 2022

monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. The certification began as a pilot program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. It also determines both outstanding U.S.

Hemp 52

Hemp Banking Safety Compliance 52

NORML

APRIL 5, 2019

Senate Bill 45 would make this policy consistent for juvenile offenders. 333, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, House Bill 122, to establish an industrial hemp program to be in compliance with the new federal hemp regulations.

Legislation 188

Legislation Banking Hemp Compliance 188

SMPL

AUGUST 14, 2019

The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law. The report goes on to describe how its recommendations would help resolve some of these issues.

Policy 40

Policy Research and Development Marijuana DEA 40

Cannabis Law Report

SEPTEMBER 5, 2022

She represents clients in matters of cannabis regulatory compliance, corporate transactions and governance, and intellectual property. She has concentrated her legal career in the areas of intellectual property, corporate governance and compliance, commercial transactions, real property, and mediation. Who is the seminar for?

Events 98

Events Compliance Compliance Banking 98

Cannabis Law Report

AUGUST 10, 2022

Some advocates are still pushing to pass the SAFE Banking Act, allowing banks insured by the FDIC to serve cannabis businesses without fear of violating federal law. The likelihood of any action depends on the results of the midterm elections in November. 2] Delaware, Maryland, Minnesota, Missouri, New Hampshire, and Ohio.

Legalization 52

Legalization Banking Legislation Compliance 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 181

Legislation Hemp Compliance Compliance 181

NORML

JUNE 23, 2019

Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. 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. CA resident? North Carolina.

Legislation 187

Legislation Hemp Decriminalization Agriculture 187

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 152

Legislation Banking Access Hemp 152

MMJ Recs

MARCH 16, 2024

Regulatory Framework and Policy Implications The regulatory framework governing the medical marijuana industry has profound implications for businesses, consumers, and society as a whole. Policy decisions related to taxation, zoning, and advertising also impact the industry’s operations and growth trajectory.

Supply Chain 105

Supply Chain Research and Development Marijuana Seed-To-Sale 105

Cannabis Law Report

APRIL 17, 2022

Proposed Cannabis Banking Bill. Senator Cooney also filed the Cannabis Banking Disclosure Act this week aiming to improve efficiency and compliance in the cannabis banking industry. Advisory Board.

Conditions 52

Conditions Cultivation Banking Business 52

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 45 would make this policy consistent for juvenile offenders. Senate Bill 1353 seeks to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 137

Legislation Hemp Patients Compliance 137

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. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

Banking 89

Banking Law Legalization Hemp 89

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 168

Legislation Decriminalization Hemp Patients 168

Cannabis Law Report

AUGUST 6, 2019

Regulators won’t punish credit unions simply for working with marijuana businesses that are operating in compliance with state laws, the head of the federal agency that oversees the financial services providers said in a new interview. We don’t get involved with micro-managing credit unions,” he said.

Banking 40

Banking Compliance Compliance State Laws 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. Update : H.333

Legislation 172

Legislation Patients Access Seed-To-Sale 172

SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. While the legal cannabis industry is slowly spreading across the U.S. The insurance broker M.J. View original article.

Business 52

Business Banking Programs Access 52

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. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. MT resident?

Legislation 165

Legislation Hemp Compliance Compliance 165

Cannabis Law Report

FEBRUARY 14, 2019

The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee. According to lawmakers close to the committee’s process, Rep.

Banking 40

Banking Compliance Compliance Access 40

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. 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. CA resident? DE resident?

Legislation 108

Legislation Access Decriminalization Patients 108

Cannabis Law Report

SEPTEMBER 1, 2021

Federal law requires that taxpayers must report income from illegal sources – including cannabis sales (whether state sanctioned or not) – raising numerous tax compliance and design issues. The lawful cannabis industry faces numerous regulatory hurdles that makes even good-faith compliance with the law a challenge. Introduction.

Policy 100

Policy Cannabis Treatment Law 100

Cannabis Law Report

AUGUST 20, 2022

We continue to operate our Facebook group, CLEAR Drugs Policy Reform , which has around 10,000 members. It may be that they are connected to our work in the cannabis space but we have no contact with the plant or the drug itself, We are purely a political campaigning, advocacy and policy group.

Banking 52

Banking Advocacy Policy Media 52

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

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 lawmakers in support of banking access. Click here to email your governor in support of medical cannabis access. AL resident? IL resident? North Carolina.

Legislation 111

Legislation Banking Access Hemp 111

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