Canna Law Blog
DECEMBER 24, 2019
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.
MJ Business Attorneys
MAY 31, 2019
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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The Cannigma
DECEMBER 26, 2021
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.
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.
NORML
AUGUST 27, 2019
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.”
Cannabis Law Report
JUNE 4, 2021
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?
NORML
MARCH 15, 2019
A majority of voters last June approved a statewide initiative authorizing the plant’s use, cultivation, and dispensing. Ken Stitt signed legislation yesterday, HB 2612 , clarifying regulations and patient protections specific to the medical use of cannabis. ” Members of the House voted 93 to 5 in favor of the legislation.
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