Cannabis Law Report

AUGUST 24, 2019

BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? Financial institutions, even in states where cannabis is legal, are usually hesitant to serve cannabis businesses while cannabis remains illegal at the federal level.”

Banking 49

Banking Marijuana Media Patients 49

Cannabis Law Report

NOVEMBER 6, 2021

As cannabis continues to make its way into the mainstream marketplace, state governments are increasingly legalizing and regulating it for medical or recreational use. billion industry in 2021, according to cannabis data analytics firm BDSA, with an additional $47.8 billion in illicit spending.

Banking 52

Banking THC Hemp Cannabis 52

Veriheal

JANUARY 5, 2021

But there are a few data points that we can isolate that are highly telling. And, again, since working with banks at all isn’t an option for the majority of cannabis businesses—they must conduct transactions in cash, which many people don’t carry at all, and many who do are reluctant to pass during a pandemic.

Cultivation 52

Cultivation Agriculture Business Cannabis 52

The Herb Collective

APRIL 29, 2019

A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, cannabis consumers in the state are still only able to pay for their purchases in cash or use an ATM-at-the-register payment system with high fees.

Law 45

Law Marijuana Banking Packaging 45

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]

Dispensary 69

Dispensary Retail Recreational Business 69

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. A town has the option to later opt back in; however, the state will be issuing a limited number of dispensary licenses.

Retail 52

Retail Cannabinoids Policy Cultivation 52

SpeedWeed

MARCH 7, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, my co-host, Amanda Guerrero, and I discuss international licenses in Columbia and Canada as well as new point-of-sale and CRM data being added to the Cannabiz Media License Database. We’ve got a great show for you guys today with some very interesting data highlights.

Extraction 52

Extraction Hemp Data Media 52

Cannabis Law Report

NOVEMBER 29, 2021

Currently, 36 states regulate medical cannabis distribution to qualifying patients. The law took effect August 1, 2021. House Bill 1090 : State law previously permitted adults to legally possess up to one ounce of either marijuana flowers or concentrates for recreational purposes without penalty. EXPUNGEMENT.

Legislation 98

Legislation Patients Retail Access 98

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.

Extraction 52

Extraction Business Hash Legislation 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?

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Compliance Compliance Banking Data 52

Cannabis Law Report

MAY 14, 2022

Momentum Builds in Senate for Passing SAFE Act – Bipartisan support in the Senate grows for passage of the SAFE Banking Act, which would facilitate banking access for cannabis companies. Multiple Republican and Democratic senators continue to oppose cannabis legalization.

Banking 52

Banking Recreational Research and Development Cannabis 52

Cannabis Law Report

AUGUST 30, 2019

The US Department of Agriculture (USDA) has released new data indicating a substantial increase in the growth of US hemp production. The SAFE Banking Act (H.R. Nevada Governor Steve Sisolak (D) signed into law new legislation aimed at addressing the cannabis industries’ banking woes.

Banking 45

Banking Research and Development Legislation Programs 45

Cannabis Law Report

NOVEMBER 14, 2019

We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. The SAFE Banking Act that passed yesterday, what are your thoughts on all of that? So, I’ll use the SAFE Banking Act. Okay, of past records.

Digestion 49

Digestion Law Legislation Programs 49

Cannabis Law Report

SEPTEMBER 22, 2019

Laws protecting patients and their providers vary from state to state and, in some cases, may vary from county to county. Many individuals choose to break outdated state laws that do not account for medical use or their access. The latter formed the ‘medical user’ group. ” EMPLOYMENT RIGHTS.

Cannabis 45

Cannabis Access Patients Legalization 45

The Cannigma

NOVEMBER 23, 2021

The app helps patients make sense of their journey by simplifying the information and supplying data-driven insights into their regimen and its effects. We delve into how data can further our understanding of different types of cannabis and why standardization is desperately needed in the industry. Okay, we got to prove it. 0:14:10.3]

Data 52

Data Patients Access Wellness and Beauty 52

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

Banking 77

Banking Hemp Business Cannabis 77

Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. State-compliant cannabis activity would no longer violate federal criminal law. Emphasis added). 1960), and the BSA.

Banking 45

Banking Law Marijuana State Laws 45

Cannabis Law Report

OCTOBER 17, 2019

Another researcher, New Frontier Data, pegged the global value of legal and illicit cannabis together at $340 billion in 2018. States may have made it legal or decriminalized it, but federal law trumps state law, and for both medical and recreational use cannabis remains illegal.”. Securities.

Law 40

Law Seed-To-Sale Hemp Recreational 40

Cannabis Law Report

NOVEMBER 22, 2019

Senate Banking Committee Chairman Mike Crapo (R-ID) said that an impeachment trial could delay consideration of cannabis financial services legislation, but no moreso than anything else that requires floor time. These agreements have been criticized because local officials often demand more money than allowed under state law.

Vaping 45

Vaping Research and Development Seed-To-Sale Hemp 45

MJ Business Attorneys

JUNE 20, 2018

” Although twenty-nine states have enacted laws permitting the use of medical marijuana, and nine states have legalized recreational marijuana use for adults, the clash with federal policy on cannabis has been a nightmare for marijuana businesses.

Banking 100

Banking Compliance Compliance Marijuana 100

Canna Law Blog

JANUARY 2, 2024

And to make matters more complicated, the answer is susceptible to change on a cannabinoid-by-cannabinoid basis and subject to wildly different state law approaches. For a while now, everyone’s been predicting that federal laws will soon change and that cannabis will be on schedule III of the CSA.

Business 91

Business Hemp Cannabis Cannabinoids 91