The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

JULY 2, 2019

LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.

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Compliance Compliance Programs CBD 40

Cannabis Law Report

JANUARY 16, 2020

In Illinoi s some of the money that will be generated through marijuana-related licenses and taxes is s et aside for job training programs for people in disadvantaged communities. Once a student completes the program, they are certified as a trained grower of the plant. N o community colleges have set up such a program so far. .

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Law Legalization DEA Marijuana 45

Cannabis Law Report

NOVEMBER 12, 2019

This past Halloween, the USDA released its Interim Final Rule on the Establishment of a Domestic Hemp Production Program. Miller identifies the Rule’s highlights: It signals to banks and credit card companies that the hemp and CBD industry are legal and open for business. Responding to the USDA’s Interim Final Rule on Hemp.

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Hemp DEA Banking Programs 45

The Blunt Truth

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

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DEA Banking Agriculture Law 51

Cannabis Law Report

JULY 14, 2021

The proposed plan would also establish a regulatory framework for state-legal cannabis businesses, expunge non-violent cannabis convictions, and create programs to support small and minority-owned cannabis businesses while reinvesting resources in the communities that have been disproportionately harmed by prohibition. Marijuana Times.

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Legislation Banking History Access 71

SMPL

AUGUST 14, 2019

While the House approved a budget rider that would extend protections to adult-use programs , it’s not clear how that will fare in the Senate—and even if it passes, it must be annually renewed, creating uncertainty. One area that could be quickly improved is in the sourcing of research-grade marijuana.

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Policy Research and Development Marijuana DEA 40

Cannabis Law Report

OCTOBER 22, 2019

1595 – The Secure And Fair Enforcement Banking Act, which passed in the House , would prohibit federal banking regulators from penalizing banks that finance legitimate marijuana-related businesses, while its counterpart in the Senate, S. 1200 , The SAFE Banking Act, awaits a vote. 4390 and S.

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DEA Banking Agriculture Supply Chain 40

Cannabis Law Report

APRIL 24, 2019

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. The second path would be the administrative action by the Drug Enforcement Agency [“DEA”] and its Diversion Control Division.

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Legalization Collective DEA Banking 58

Otherside Farms

AUGUST 4, 2020

You could look ay business management, cultivation, design, marketing, financial services, activism, security, computer programming, and content creation. Due to cannabis businesses being considered high risk, banks will often not loan money. Credit Card Processing and Banking. And not just for the first few days of operation.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

JULY 30, 2019

The informed patients, cannabis industry employees, and clinicians find it equally difficult to keep updated on Florida’s latest medical marijuana program news and changes. . Cannabis is not a “gateway” drug, according to the ASA and the DEA’s own statements cited in the August 2016 U.S. Federal Register. .

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Marijuana Patients Research and Development Programs 45

Cannabis Law Report

AUGUST 5, 2021

Regulatory authority would move from the DEA to the FDA, but also the ATF and the Alcohol and Tobacco Tax and Trade Bureau (TTB). There are no provisions on banking, but making cannabis legal should remove money laundering issues. The fate of the SAFE Banking Act to enhance banking access for cannabis companies, which Sen.

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Banking Vaping Education DEA 111

Canna Law Blog

NOVEMBER 8, 2023

Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. Indeed, just like when these states started licensing, cannabis is still on Schedule I of the Controlled Substances Act (CSA), 280E is still a nuisance, big banks still won’t bank cannabis money , and so on.

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Legalization DEA Banking Business 118

The Blunt Truth

DECEMBER 31, 2020

Senator Mitch McConnell (R-KY) objected to including cannabis banking in federal relief programs. The DEA released an interim hemp rule that the industry hated. And the DEA’s hemp rule brought on litigation. The DEA hemp rule continued its unpopularity. Which brought us to May.

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DEA Decriminalization Hemp Banking 109

The Blunt Truth

SEPTEMBER 3, 2020

And speaking of CBD, Seyfarth has a program coming up on that topic. Assembly Bill 1525 allows cannabis banking under California state law. In other news, a federal court ruled that the state must turn over information concerning three marijuana businesses to the DEA. Florida has legalized medical marijuana edibles.

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DEA CBD Banking Edibles 98

Canna Law Blog

NOVEMBER 21, 2024

More specifically, for “industrial hemp” growers, the Senate bill: removes background check requirements; instates “relaxed regulatory requirements” for sampling and inspection methodologies (which will need to be adopted by rule); and develops a certified seed program. Hint: use the seed program.) Will it Matter, Though?

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Hemp Seed-To-Sale DEA Sativa 102

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). The enforcement role moves from DEA to ATF.

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DEA Business Banking Food 98

SpeedWeed

JULY 14, 2021

SAFE Banking’ no longer good enough. At a press conference announcing the bill this afternoon in Washington, DC, bill co-sponsor Cory Booker made it clear that federal legalization, with equity, would take precedence over previous partial efforts like the SAFE Banking Act. Take the DEA out of the cannabis law enforcement business.

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Marijuana Banking Programs Policy 52

SpeedWeed

JULY 15, 2021

The 163-page Cannabis Administration and Opportunity Act (CAOA) aims to remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs. . A federal cannabis sales tax on any products produced in or imported into the U.S.

Banking 52

Banking Programs Decriminalization Legislation 52

SpeedWeed

JULY 15, 2021

The 163-page Cannabis Administration and Opportunity Act (CAOA) aims to remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs. . A federal cannabis sales tax on any products produced in or imported into the U.S.

Business 52

Business Banking Programs Decriminalization 52

SpeedWeed

JULY 15, 2021

The 163-page Cannabis Administration and Opportunity Act (CAOA) aims to remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs. . A federal cannabis sales tax on any products produced in or imported into the U.S.

Banking 52

Banking Programs Decriminalization Legislation 52

SpeedWeed

JULY 14, 2021

The 163-page Cannabis Administration and Opportunity Act (CAOA) aims to remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs. . A federal cannabis sales tax on any products produced in or imported into the U.S.

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Packaging Banking CBD Programs 40

SpeedWeed

JULY 17, 2021

Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. Several grant programs would also be established to help provide job training, reentry services, and other benefits for individuals most harmed by the War on Drugs.

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Legalization Collective Hash Legislation 52

Puff Puff Post

NOVEMBER 11, 2019

Following his announcement of a new “war on drugs” in 1971, Richard Nixon created the Drug Enforcement Administration (DEA) in 1973. The DEA is responsible for curbing narcotic use and the illicit drug trade, and enforcing the Controlled Substances Act (CSA), also signed into law by Nixon in 1970.

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DEA History Legislation Banking 53

Cannabis Law Report

JUNE 27, 2022

The Drug Enforcement Administration (DEA) said in a letter that marijuana seed that has a delta-9-THC concentration of not more than 0.3% million in the first month following launch of the program. [link]. OR Heath Authority accepting applications from psilocybin training programs: [link]. ” shorturl.at/fyXZ3.

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Seed-To-Sale Hemp Retail Treatment 52

Canna Law Blog

OCTOBER 9, 2024

More recently, Blumenauer continues to press DEA to increase transparency  in the scheduling review process. He also continues to push: The SAFE Banking Act , which would allow state-legal businesses to access standard financial services. This proposal is still the only federal standalone marijuana reform ever enacted.

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Legislation Advocacy DEA Access 114

Canna Law Blog

AUGUST 14, 2023

So instead of federal cannabis legalization, what we got was a series of misguided attempts to do piecemeal legalization, most notably the SAFE Banking Act , which, even as I write this, is suffering the above fate due to inability of Congress to reach a basic compromise in spite of herculean lobbying efforts.

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Law Cannabis Data Business 98

Cannabis Law Report

MARCH 25, 2019

The DEA has made previous requests–in 2001 and 2006–to the FDA for an evaluation of marijuana. But DEA regulators determined after both of those reviews that marijuana should remain a Schedule I substance. 1960), and the BSA. 18 U.S.C. §§ 1956-57, 1960; 3 1 U.S.C. § 3) Court authority over assets.—.

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Banking Law Marijuana State Laws 45