Remove Banking Remove DEA Remove State Laws
article thumbnail

Weekly Cannabis Roundup October 22

Veriheal

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
article thumbnail

Cato Institute “Cannabis Banking: A Clash Between Federal and State Laws”

Cannabis Law Report

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.

Banking 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Week in Weed: September 4, 2020

The Blunt Truth

It’s been a busy week for the Golden State. 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. The legislature approved two marijuana measures.

DEA 98
article thumbnail

Weed and Worry — The Immigration Consequences of Engaging in the Cannabis Trade

The Blunt Truth

continues to constitute a conditional bar to [establishing good moral character] for naturalization eligibility, even where such activity is not a criminal offense under state law.”. 1200 , The SAFE Banking Act, awaits a vote. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana.

DEA 51
article thumbnail

Federal Legalization – Then What?

Cannabis Law Report

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 ].

article thumbnail

American Bar Association Urges Congress To Let States Set Their Own Marijuana Policies

SMPL

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40
article thumbnail

Weed and Worry — The Immigration Consequences of Engaging in the Cannabis Trade

Cannabis Law Report

continues to constitute a conditional bar to [establishing good moral character] for naturalization eligibility, even where such activity is not a criminal offense under state law.”. 1200 , The SAFE Banking Act, awaits a vote. Citizenship and Immigration Services (USCIS) has declared that “certain conduct involving marijuana.

DEA 40