Cannabis Law Report

AUGUST 10, 2022

Thirty-eight states have either decriminalized cannabis or enacted laws authorizing its use for medical or recreational adult use. [1] Some advocates are still pushing to pass the SAFE Banking Act, allowing banks insured by the FDIC to serve cannabis businesses without fear of violating federal law.

Legalization 52

Legalization Banking Legislation Compliance 52

NORML

JUNE 28, 2019

New Mexico’s new decriminalization law takes effect this coming Monday July 1. Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of juvenile decriminalization. CA resident?

Legislation 109

Legislation Access Decriminalization Patients 109

Cannabis Law Report

SEPTEMBER 26, 2021

What has evolved in the policy gap with federal law over the past decade is a patchwork of state-sanctioned fiefdoms where cannabis markets have largely developed locally and extend just to the border. Two in three Americans live in a state that has approved the sale of recreational weed.

Legalization 52

Legalization Decriminalization Banking Policy 52

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AL resident?

Legislation 175

Legislation Patients Access Seed-To-Sale 175

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.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

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. And Steelton Borough, Pennsylvania passed an ordinance to decriminalize up to 30 grams of cannabis possession. Senate Bill 45 would make this policy consistent for juvenile offenders. DE resident?

Legislation 140

Legislation Hemp Patients Compliance 140

NORML

JUNE 14, 2019

At a more local level, the Cincinnati, Ohio city council approved a measure to decriminalize up to 100 grams of cannabis possession. Update : SB 51 is scheduled for a hearing in the Assembly Banking And Finance Committee on 6/24/19. Click here to email your lawmakers in support of banking access. CA resident?

Legislation 154

Legislation Banking Access Hemp 154

Cannabis Law Report

JANUARY 10, 2020

Alison Felix , Senior Policy Advisor , Sam Chapman , Associate Economist , and Jordan Bass , Research Associate. v This coincided with changes in enforcement policy from the U.S. This continues to create challenges for marijuana businesses, including access to the payment and banking systems. Conclusion.

Banking 59

Banking Marijuana Collective Recreational 59

SMPL

JUNE 16, 2020

Edwards also signed a bill to protect banks serving medical cannabis businesses from state penalties ( HB 211 ) and one to protect physicians and medical facilities involved in medical cannabis ( HB 418 ). Considering reaching out to your state legislators about other marijuana policy reforms you care about.

Chronic Pain 40

Chronic Pain Decriminalization Banking Conditions 40

Cannabis Law Report

MARCH 13, 2019

tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting. Will Banks get a Hit of the Cannabis Industry? Home » Blogs » Will Banks get a Hit of the Cannabis Industry?

Hemp 71

Hemp Business Banking Concentrates 71

NORML

FEBRUARY 22, 2019

At the state level, the North Dakota House of Representatives defeated a decriminalization bill on the House floor by a narrow 43-47 vote. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of banking access. IL resident? The bill was already approved by the full House.

Legislation 183

Legislation Hemp Compliance Compliance 183

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. NM resident?

Legislation 167

Legislation Hemp Compliance Compliance 167

Cannabis Law Report

DECEMBER 26, 2021

In 2018, he was elected to the board of the Prague 2 municipal district, and he serves as an advisor on the Prague City Council’s Commission for Drug Policy. But Veverka felt this decriminalization was far too limited. With ads from seed banks and grow shops, it took off fast.

CBD 52

CBD Cultivation Advocacy Cannabis 52

SpeedWeed

FEBRUARY 19, 2021

Cannabis, however, adds another complicating factor to this dynamic – years of outdated policies stemming from the war on drugs have disproportionately impacted communities of color. Cuomo’s proposal builds on years of work to understand and decriminalize cannabis for adult use.

Programs 40

Programs Legislation Decriminalization Safety 40

SpeedWeed

FEBRUARY 18, 2021

Cannabis, however, adds another complicating factor to this dynamic – years of outdated policies stemming from the war on drugs have disproportionately impacted communities of color. Cuomo’s proposal builds on years of work to understand and decriminalize cannabis for adult use.

Media 52

Media Decriminalization Safety Programs 52

Cannabis Law Report

AUGUST 25, 2022

For example, in Texas, a state which continues to resist the decriminalization and regulation of marijuana, possessing two ounces or less of marijuana is punishable by up to 180 days in jail and a $2,000 fine. A Tale of Two States.

Cannabis 52

Cannabis Programs Decriminalization Banking 52

Cannabis Law Report

JUNE 26, 2022

law as a Schedule I Controlled Substance, 2 which means that its possession, sale or use is prohibited by federal law, even in those states whose laws have decriminalized the use of cannabis. Successful reviews have included program inventories, policy inventories and enforcement analyses. Job Postings and Internships.

Research and Development 52

Research and Development Education Programs Policy 52

NORML

AUGUST 19, 2019

The MORE Act, which was introduced to the US Congress last month, would completely decriminalize marijuana at the federal level. “One of the first votes he cast as an elected official in the New York Assembly was to decriminalize the state of New York.” Click here to send a message to your Representative now!

Policy 278

Policy Marijuana Legislation Programs 278

Cannabis Law Report

JANUARY 7, 2019

That lets us dispense, to use another pun, with all the areas where cannabis enjoys not-quite-official status – no-enforcement zones, decriminalized areas, and so on. Cryptocurrencies have demonstrated, via their blockchain technology, that they present a viable alternative for folks unwilling or unable to secure traditional banking accounts.

Banking 40

Banking Cannabis Legalization Dispensary 40

Cannabis Law Report

JANUARY 10, 2020

Therefore, the below information is offered as a primer on how to best be prepared for a federal tax bill for a marijuana business, and includes ideas on how to structure a marijuana business in light of current federal tax policy. As drafted, the MORE Act would decriminalize marijuana at the federal level. Keep careful records.

Marijuana 45

Marijuana Business Decriminalization Legislation 45

Cannabis Law Report

APRIL 13, 2022

Indeed, just days before the approval of New York’s Budget, the House of Representatives voted to decriminalize marijuana, and Senator Schumer indicated he would be introducing a similar bill in the Senate later this month. Let’s see what happens in the Senate in the coming weeks as it deliberates decriminalization. Stay tuned.

Business 52

Business Cannabis Law Decriminalization 52

Medical Marijuana Program Connection

JULY 24, 2023

var mantis = mantis || []; mantis.push(['display', 'load', { property: '5bbb53a2bcafb20075d8dc64' }]); Cajibio (CNN) — On a recent Friday morning, about 200 coca and marijuana farmers gathered in the small…

Marijuana 52

Marijuana Legalization Agriculture Safety 52

Cannabis Law Report

FEBRUARY 3, 2022

For background, in 2020 Oregon voters passed Ballot Measure 110 , which decriminalizes simple possession of drugs and requires that all growing marijuana tax revenue goes toward drug treatment centers. House Joint Resolution 205 – State Banking. A state bank run by the State of Oregon could provide these financial services.

Banking 52

Banking Legislation Hemp Programs 52

Veriheal

MARCH 29, 2022

Cannabis legalization, rescheduling, or decriminalization on a federal level in 2022 is an area where many people have high hopes. So, there is a long road ahead toward decriminalization and legalization in Nebraska. Despite progress in some southern states, there is a long road ahead for cannabis policy reform in these places.

Decriminalization 52

Decriminalization Banking Programs Recreational 52

Cannabis Law Report

JUNE 25, 2021

From the South, McKay has a long history of business and civic involvement, serving on community and company boards including US Bank, The Daily Beast, Pike Place Market, Mary’s Place, Pilchuck School of Glass, and Seattle Opera. She trained a team including architects, engineers, and other construction professionals on new policy.

Media 99

Media Research and Development Pets Medicine 99

Cannabis Law Report

JUNE 19, 2021

Establishing a budget for unfunded students at Ariel University in the West Bank. Submitting a master plan for transportation in the West Bank. Providing assistance to the hotel and tourism industry in light of the pandemic, including tax relief, flexible furlough policies and compensation for new businesses.

Banking 93

Banking Legalization Legislation Programs 93

Cannabis Law Report

MARCH 19, 2020

Any deployment of private equity in the cannabis industry requires a serious consideration of business, banking, legal, financial, taxation, securities, and regulatory issues in the relevant jurisdictions. Partner in the Disputes, Regulatory, Advocacy and Policy Practice at the Mumbai office of Cyril Amarchand Mangaldas.

Legalization 59

Legalization Banking Research and Development Nerve Pain 59

The Cannigma

MARCH 12, 2021

There are no payment systems, there’s no banking and cannabis. And I wanted to talk about the prospect of a federal reform from various levels all the way up to full legalization or decriminalization on the federal level. So, for example, payment systems. MSO: It’s something that just struck me right now.

Legalization 130

Legalization Patients Education Dispensary 130

The Blunt Truth

MAY 23, 2019

has come out in favor of decriminalizing marijuana but has not indicated support for legalization. In other federal news, Treasury Secretary Mnuchin has said he’s open to the idea of legal cannabis banking, but does not think marijuana businesses should be eligible for opportunity zone tax breaks. See you next week!

Banking 61

Banking Decriminalization Topical Hemp 61

Canna Law Blog

SEPTEMBER 21, 2022

Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. A short time later, Michigan decriminalized marijuana, which increased competition, and caused the business to fail. Chapter 7 Bankruptcy.

Marijuana 75

Marijuana Business Access Decriminalization 75

SpeedWeed

MARCH 6, 2021

Mike Crapo (R-ID), then chair of the US Senate banking committee, indicated he was considering a 2% THC cap on cannabis products produced or sold by businesses that want secure financial services under the SAFE Banking Act, which is still in motion. In 2019, Sen. In response to prohibitionist attacks on patients in Florida, Ag.

THC 52

THC Patients Law Chronic Pain 52

Cannabis Info

OCTOBER 2, 2019

Virtually every legislature in the country is taking a close look at its marijuana policies, and many have adopted significant reforms in 2019,” Karen O’Keefe, who directs state coverage at the Marijuana Policy Project , not too long ago informed The Hill. New Mexico legislators did, nevertheless, vote to decriminalize cannabis.

Legalization 45

Legalization CBD Decriminalization Banking 45

Canna Law Blog

MAY 1, 2022

These proposals range from limited decriminalization measures to comprehensive, adult use licensing. These taxes are an easy sell to voters and politicians: the revenues help defray program costs, and can also be allocated to the public weal via police, schools, drug policy initiatives, etc. Talk about laboratories of democracy.

Supply Chain 91

Supply Chain Programs Cannabis Business 91

NewsMunchies

DECEMBER 22, 2021

Despite the liberalization of marijuana policies at the state level, the future of federal legalization is hazy. One achievable goal in 2022 is to work towards federal reform and decriminalization rather than full-scale legalization. The nearly $100 billion U.S.

Law 89

Law Marijuana DEA Recreational 89

Veriheal

FEBRUARY 15, 2022

Opens doors for cannabis banking services. If passed, states would no longer be able to cling to the excuse of federal illegality and would be open to legalizing, decriminalizing, or otherwise reforming cannabis laws at the state level. At this time, the retail giant also began lobbying for cannabis legalization.

Legalization 98

Legalization Legislation Cannabis Retail 98

Cannabis Law Report

SEPTEMBER 14, 2021

WHEREAS, in 2018, despite decriminalization and legalization efforts in individual states, cannabis arrests accounted for over 40 percent of drug arrests in the United States and more arrests than all violent crimes combined according to the Federal Bureau of Investigations; and.

Policy 98

Policy Research and Development Access Cannabis 98

Veriheal

DECEMBER 1, 2022

CRO Financial Services: The SAFE Banking Act. The SAFE Banking Act was introduced in 2019 and has passed the House seven times, but it still needs to make it to the Senate floor. Throughout the years, the SAFE Banking Act has been revised and is now referred to as the SAFE Banking Plus Act. The Drug Policy Reform Act.

Access 109

Access Banking Policy Legislation 109