Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. Bank of America Closes Account of DEA-Approved Cannabis Researcher.

Banking 105

Banking DEA Recreational Packaging 105

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of home cultivation rights. IL resident? NV resident? NH resident?

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Legislation Hemp Compliance Compliance 193

NORML

FEBRUARY 8, 2019

Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.

Legislation 195

Legislation Decriminalization Patients Access 195

Veriheal

DECEMBER 7, 2022

Based on federal law, anyone who cultivates, sells, consumes, possesses, distributes, or transports the plant will face criminal prosecution in federal court. But how do California’s cannabis businesses conduct day-to-day operations in a world of contradictory laws? What’s more, Gov.

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Business Banking Advocacy Cannabis 104

Veriheal

JANUARY 5, 2021

While retail cannabis employees typically have good experiences, cultivation workers such as trimmers might experience something completely different. The Benefits of Unionization Under State Law. The post In Massachusetts, Cannabis Cultivation Workers Can Unionize appeared first on Cannabis Central.

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Cultivation Agriculture Business Cannabis 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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Legislation Hemp Patients Compliance 166

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. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

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Hemp Business Cultivation Banking 86

NORML

MAY 17, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of compassionate care programs. CA resident? CA resident? IL resident? ME resident?

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Legislation Hemp Compliance Compliance 166

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

APRIL 26, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of banking access. Senate Bill 893 would establish a pilot program for the purpose of studying the growth, cultivation and marketing of industrial hemp.

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Legislation Compliance Compliance Hemp 179

NORML

MAY 31, 2019

Legislation is pending, The Cannabis Regulation and Tax Act, to regulate the use, possession, cultivation, and retail sale of adult use marijuana. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of expanded patient access. The bill now heads to the governor’s desk.

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Legislation Banking Access Hemp 123

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. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Under state law, adults face civil penalties for minor marijuana possession offenses. Legislation is pending, Senate Bill 51, to assist financial institutions in safely conducting transactions with licensed cannabis businesses. CA resident?

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Legislation Access Decriminalization Patients 117

Canna Law Blog

AUGUST 13, 2019

3. Change in local and state laws and rules. Since the state agencies began issuing licenses under MAUCRSA back in January of 2018, the state’s interpretation of its own rules has been unpredictable. Nonetheless, landlords still seem to misinterpret this state law mandate on a number of levels.

Banking 67

Banking Access Cultivation Cannabis 67

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. His corporate practice focuses primarily in the areas of mergers and acquisitions, corporate finance, capital raising (debt and equity), and bank regulatory compliance.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

JANUARY 5, 2022

StandardC, a leader in cannabis & marijuana banking and financial services, announced today that its lending partner had closed the first $5 million loan from their newly established $200M fund for a leading marijuana cultivator using the StandardC platform.

Banking 52

Banking Marijuana Compliance Compliance 52

Cannabis Law Report

JULY 26, 2021

Our banking practice, through broker-dealer Bradley Woods & Co. Marijuana remains illegal under federal law. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws. Investors in cannabis may be subject to law enforcement actions.

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Research and Development Cannabinoids Banking Environment 76

Cannabis Law Report

DECEMBER 23, 2019

However as of December 31, 2018, according to State regulations, temporary licenses could no longer be issued or extended which created a bottleneck and a long list of applicants eager to get reviewed and approved for a provisional or annual before their license expired and they had to shut down operations. Then, in April 2019.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking.

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Digestion Banking Hemp Retail 53

Cannabis Law Report

JUNE 1, 2022

POSTED IN ALABAMA , MEDICAL MARIJUANA , STATE LAW DEVELOPMENTS. The Alabama Department of Agriculture and Industries, tasked with issuing rules for cultivation activities, issued its proposed rule , “Medical Cannabis Cultivation,” on May 17, 2022. By Whitt Steineker & Elizabeth R. Hobbs on June 1, 2022.

Programs 52

Programs Banking Cultivation Patients 52

NORML

APRIL 20, 2019

Legislation is pending, AB 286, to temporarily reduce tax rates imposed on the retail sale and commercial cultivation of cannabis. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of decriminalization. California. CA resident? CA resident?

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Legislation Decriminalization Hemp Compliance 185

Cannabis Law Report

JULY 27, 2021

“My diverse career path has allowed me to work across several high-caliber companies, generating development growth in some of the most sophisticated and competitive markets within cannabis, real estate, and investment banking,” said Minor. are subsidiaries of GABY and hold a cannabis license in the State of California.

Banking 76

Banking Retail Dispensary Compliance 76

Cannabis Law Report

APRIL 24, 2019

Let’s begin with the following: STATES Act Becomes Law. The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. See The Murky Part of the STATES Act: Tribal Rights ].

Legalization 58

Legalization Collective DEA Banking 58

Cannabis Law Report

APRIL 14, 2022

Soon after, the company filed a federal lawsuit detailing how a sheriff’s deputy in Dickinson County stopped one of their vehicles transporting cash from licensed marijuana dispensaries to banks and credit unions, seizing more than $165,000 on Interstate 70. Federal law prohibits the U.S. In response, the U.S. It remains in effect.

Legalization 52

Legalization Dispensary Banking Law 52

Cannabis Law Report

MAY 11, 2022

. “The order requires that defendant not use marijuana and ‘not violate federal, state, or local law,'” according to Nivison’s order. According to court documents, from about 2016 through July 2020, Randal Cousineau , 69, participated in a conspiracy to illegally cultivate and sell marijuana.

Banking 52

Banking Conditions Law Marijuana 52

Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. doing business as Silver State Cultivation, for allegedly failing to properly remit tax payments.

Retail 52

Retail Cannabinoids Policy Cultivation 52

Cannabis Law Report

SEPTEMBER 23, 2022

California’s SB 1326, on the other hand, seems to suggest that even a DOJ memorandum – think: the Cole Memo of 2013 – which “tolerates” interstate transfer of cannabis would be sufficient for California operators to begin exporting their products across state lines under the proposed law.

Law 52

Law Business Cannabis State Laws 52

Connor & Connor PLLC

NOVEMBER 27, 2019

Not only are banks reluctant to lend money to dispensary operators but they are federally prohibited from doing so. Depending on your state, starting a dispensary from scratch requires anywhere between $150,000 to $2,000,000, according to Gary Cohen at Cova Software, and sometimes much more. [2] 2] [link]. [3]

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Dispensary Retail Recreational Business 69

Cannabis Law Report

SEPTEMBER 27, 2021

These may limit access to banks, and create significant burdens on company resources due to litigation, enforcement actions, receipt of necessary permits and authorizations to engage in medical cannabis research or to otherwise cultivate, possess or distribute cannabis.

Banking 40

Banking Access Cannabis Safety 40

SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. Cultivation (indoor and outdoor). Licensing laws vary from state to state, and you need to understand them thoroughly if you want to be successful.

Business 52

Business Banking Seed-To-Sale Research and Development 52

Connor & Connor PLLC

AUGUST 30, 2018

In that case, the IRS audited a Colorado business licensed for the cultivation and sale of medical marijuana. The IRS uses a variety of indirect methods of proof including: the bank deposits analysis (most common), net worth analysis, cash-t analysis, and the mark-up method. Commissioner , T.C. 2017-2011.

Business 49

Business Marijuana Banking Collective 49

Otherside Farms

FEBRUARY 25, 2019

A few decades ago, you couldn’t open a cannabis dispensary in any state without facing the wrath of the state laws. This is now a thing of the past in most states, thanks to the legalization of the sale and use of cannabis in these states. Competition in the Industry.

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Dispensary Legalization Business Law 72

Cannabis Law Report

NOVEMBER 29, 2021

It also permits adults to home-cultivate up to six mature plants for their own personal use. The law took effect on June 29, 2021. The law took effect on March 31, 2021. The law took effect August 1, 2021. The law took effect on September 25, 2021. The law took effect on July 1, 2021. EXPUNGEMENT.

Legislation 98

Legislation Patients Retail Access 98

Cannabis Law Report

AUGUST 8, 2019

The cultivation, possession, distribution (etc.) Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K., to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. does not form part of the Spanish bullfighter exception.

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

JUNE 15, 2022

The alleged violations involve “pervasive irregularities” that prevented regulators from evaluating whether products from the licensees’ cultivation facilities were properly tested for quality and safety, security camera outages that were not reported to regulators, and improper use of pesticides on their products.

Business 52

Business Marijuana Safety Banking 52

Cannabis Law Report

JANUARY 13, 2020

So while the actual practice or use of a patented cannabis-related invention may be illegal under federal or some state laws, such illegality should not preclude issuance of a patent, if all of the requirements of patentability are met. a contractual falling out between bank robbers).

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Extraction Collective Supply Chain Strains 59

Cannabis Law Report

OCTOBER 12, 2021

She brings 20 years of experience in the financial industry, specifically 10 years in banking and underwriting. The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States.

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Extraction Business Hash Legislation 52