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Many financial institutions seek to be a part of the cannabis banking movement. According to quarterly data presented by the US Treasury Department, over 800 banks and credit unions have filed paperwork with the United States government to state their relations with cannabis businesses. This marks a significant increase from last year.
The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.
The study will utilize Radicle Science’s data analytics platform and a virtual, direct-to-consumer model to deliver objective health outcome data across diverse populations and conditions. This randomized controlled trial will collect data on 13 U.S. CStore Decisions. Agri Pulse.
industrial hemp germplasm repository, or seed bank, was recently announced by New York State Senator Charles Schumer. An initial investment of $500,000 in federal funding will be used to commence the brand new and nation’s only industrial hemp seed bank, which will be located in Geneva, the Finger Lakes Region of New York.
Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Abrigo partners with Green Check Verified to expand cannabis banking support to financial institutions.
Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. Immediate Past President Norman Birenbaum, Director of Cannabis Programs at the New York State Executive Chamber. Public Health and Data Monitoring. Banking, Finance, and Taxation.
Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. Retailers can reduce the amount of money on-site, and collect more data about their customers who are no longer cash transactions. There’s even a loyalty program.
Social equity programs are a relatively new phenomenon in the U.S. That makes it worthwhile for industry insiders and activists to examine how some of the programs have done – particularly as more states, and perhaps Congress, consider legalizing marijuana and incorporating social equity in some form. The Oakland and L.A.
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
Recently, I had the opportunity to moderate panels on cannabis and commercial real estate at programs held in Los Angeles and Chicago. It was interesting to compare the programs and the audiences in the two cities. Most bank vaults are on a wall that abuts the exterior of the building.
The alliance showcases the strengths of both organizations: Shield Compliance offers a purpose-built AML/BSA compliance management software solution that enables financial institutions to unlock new revenue and scale cannabis banking operations. POSaBIT puts compliance at the center of everything it does. Visit www.shieldbanking.com.
Tom Wolf (D) was quoted as saying in an official press release: “It’s been five years since Pennsylvania legalized medical [cannabis], and in that time the Department of Health has examined the program’s successes and challenges and made important recommendations on improving the law. Pennsylvania’s Medical Cannabis Bill: About HB 1024 .
The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse. References.
Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.
million cultivated marijuana plants and made more than 6,600 marijuana-related arrests in 2021, according to annual data compiled by the US Drug Enforcement Administration. . million plants via its domestic eradication program. Federal law enforcement agents and their partners seized over 5.5 million plants were confiscated).
Also missing: hard data about it. It is written in three parts: The Current State of Diversity in the Cannabis Industry (includes data on ownership, exec positions, breakdown by sector, employees, select states’ data, etc). This shift isn’t driven solely by the decline in women cannabis executives; the latest data from the U.S.
BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. Shareholders who hold their common shares with a bank, broker or other financial intermediary and wish to vote at the Meeting must carefully follow the instructions provided by their intermediary. ABOUT DATA COMMUNICATIONS MANAGEMENT CORP.
While some states had authorized industrial hemp pilot programs for research through the 2014 Farm Bill, hemp growers were subject to strict regulations and were not offered federal support such as crop insurance. This continues to create challenges for marijuana businesses, including access to the payment and banking systems.
Leaf Data Systems Update. Licenses may apply for a payment waiver if they are able to show good cause by demonstrating they are: In the process of getting a bank account. Have lost their bank. The bank has denied their application. Some other reason why they are unable to get money orders or a bank account. .
Now, it appears, that cannabis content could be on the same trajectory as new data is shows a 42.7 Data shows 42.7 Viewers can expect new and existing shows like “Pot Pie,” “Marijuana Mania” and more than 200 hours of original cannabis-related programming from cooking shows to comedy and true crime.
Green Check Verified is a leading provider of cannabis banking solutions and expert advisory services for financial institutions. In terms of the gap between perception and reality, Kevin explains that the data his team can access in the Cannabiz Media License Database provides necessary context – particularly for financial institutions.
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
Research funding is also up, and all of this data influences how we see, think and hear about the plant and its effects. Additionally, there are misleading practices of “p-hacking” where researchers can manipulate data through different statistical tests (thanks to modern computer programs) looking for statistically significant findings.
Domestic Hemp Production Program at the U.S. North Carolina is one of the few states and Indian tribes to transition into a USDA-controlled hemp production program , with that transition taking effect on January 1, 2022. USDA’s Commitment to Hemp. William “Bill” Richmond, Chief of the U.S. hemp production market.
Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. Collaboration on programs such as crop and health insurance, state check-off programs, and bankingprograms. Grown by iconic U.S.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. And that became the data business process puzzle we sat up out to solve. How does that money?
About the Program. Industry-leading targeting and marketing communication experts will discuss: > Harnessing data to find your ideal audience. > We apply our entirely subjective bong score to each event. 1 Don’t Bother Unless You Need A Well Deserved Sleep. 2 You Might Learn Something But We Hope You Didn’t Pay For It.
entitled “ The IRS Is Using Its Big Data and Reminds Us and Its Agents That They Have Access to Records of Large Cash Transactions at Financial Institutions “. The IRS has recently provided interim guidance to clarify actions IRS Examiners musttake to analyze and document Currency Transaction Report (CTR) data during an audit.
Regional economic impact studies provide policymakers, businesses, and community stakeholders with valuable data to inform decision-making, allocate resources, and maximize the positive outcomes associated with the medical marijuana industry’s presence in their respective regions.
According to a recent report released by the Psychedelic Science Funders Collaborative, “Oregon’s psilocybin therapy program provides a high-quality model for psychedelic healing in a non-prescription context that could be replicated in other states.”
Currently, there are bills pending in 20 states to allow adult recreational use, 10 states to decriminalize simple possession, and 12 states with bills to create comprehensive medical cannabis programs, with some overlap among these three categories. Source: [link].
The commission will accept written submissions of data, views or arguments concerning the proposed rules until 5 p.m. In addition to providing a full suite of legal services to cannabis companies, Whitt and the Cannabis Industry team advise non-cannabis clients – from banks to…. It appears the commission has declined to do so.
The agency is called the California Cannabis Authority [yet another “CCA”] and here is the short version: The California Cannabis Authority is a Joint Powers Authority established by county governments to develop and manage a statewide data platform. The CCA’s By-Laws can be found here. CCA currently has six member counties.
Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. The USHFA primary mission will include: Development of a crop insurance program for the entire hemp farming industry. Grown by iconic U.S. We need YOU in our Alliance. .
Hopes have faded for the Safe and Fair Enforcement (SAFE) Banking Act to become federal law within the next twelve months, and the Cannabis Administration and Opportunity Act (CAOA) probably won’t be introduced in August as announced. Expectations for Legal Reform. Social Equity. Protecting the Downside.
First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. UFCW’s Push to Unionize Cannabis Workers. billion overall. “So, View original article.
The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.
The more thorough your business plan is (ie, the more data you have) the easier it’ll be to fund your dispensary. You could look ay business management, cultivation, design, marketing, financial services, activism, security, computer programming, and content creation. Credit Card Processing and Banking.
With respect to CBD, Patagonia said it would be signing a contract with award-winning Colombian growers dubbed the “Buddah Twinz” after its directors led by in-country manager Miguel Serrano personally inspected a unique genetic seed bank, comprising of over 150 strains earlier this month.
A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, that’s not likely to change soon since the national banks system remains controlled by the US Treasury and as cannabis is still federally illegal nothing will change until cannabis becomes federally legal.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss the data and insights found in Cannabiz Media’s Cannabis Software Stack Report. Announcer : This is the Cannacurio Podcast by Cannabiz Media, your source for cannabis and hemp license updates directly from the data vault.
At the inception of Florida’s medical marijuana program, the legislature promised to set aside at least one medical marijuana license for a Black farmer to participate in the state’s marijuana industry.
Haley explains, “Cannabiz Media has been an integral part of our sales development program. But with the additional insight from the Cannabiz Media data, the Sales Development Group is really able to provide us valuable information along with targeted leads. We use it every day to track licenses, and it’s been a great tool.”.
Because recreational use of marijuana is increasing, especially as more states legalize it, the CDC believes it’s important for all workplaces to implement and address marijuana policies in their motor vehicle safety programs. This program gives New Mexico an edge in the growth of cannabis infrastructure.
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