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What's Next for Cannabis Banking?

MJ Business Attorneys

The California Legislature passed Senate Bill 51 last week, allowing California state-chartered banks and credit unions to provide banking services for the states’ cannabis businesses. The Federal level SAFE banking Act was endorsed in a letter last week by all 50 State Banking Associations and the American Bankers Association.

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Banking Woes and Wins for Hemp-CBD

Canna Law Blog

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Cannabis cultivation checklist: all you need to know to make your plants thrive

The Cannigma

Before germinating your first seeds , it’s essential to review the basic elements of cannabis cultivation. New cultivators should always work with a reputable company that guarantees their seeds are 100 percent feminized. Generally, new cultivators focus too much on watering and feeding, but too little on examining pH.

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Oklahoma: Expanded Protections for Cannabis Patients to Take Effect

NORML

The new law also seeks facilitate standards for banks who wish to partner with medical cannabis businesses, and prohibits local governments enacting “guidelines which restrict or interfere with the rights of a licensed patient or caregiver to possess, purchase, cultivate or transport medical marijuana.”

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

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.

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Unique Banking Challenges MSOs Encounter

Cannabis Law Report

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?

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Weekly Legislative Roundup 1/18/20

NORML

Legislation is pending, House Bill 1648, to remove all criminal and civil penalties for the use, possession, and cultivation of marijuana by adults. Legislation is pending, Senate Bill 420, permit qualifying patients to cultivate personal use quantities of cannabis for therapeutic purposes. New Hampshire. NH resident? NH resident?