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The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. NJ resident? NJ resident? New Mexico.
Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law. An Arkansas House committee defeated a decriminalization bill this week to send it to study. Senate Bill 45 would make this policy consistent for juvenile offenders. DE resident? IL resident? IN resident?
Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.
New York state lawmakers approved legislation on Friday to further expand cannabis decriminalization and expunge certain records. Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. The bill now heads to the Governor. CA resident? DE resident?
House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.
At the state level, activists in Florida and Missouri gathered in their state capitals along side state and local NORML chapters to lobby state lawmakers in favor of sensible marijuana policy reform. Manor Township, Pennsylvania is considering a proposal that would decriminalize cannabis possession. John Fetterman, Lt. AZ resident?
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?
Meanwhile, in Virginia, both chambers of the state legislature passed decriminalization bills. Turning our attention to the federal government, Senate Banking Committee chair Mike Crapo (R-ID) got a letter this week from Republican legislators asking him to oppose marijuana banking. See you next week!
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?
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?
Since Oregon became the first state to decriminalize cannabis in the 1970’s, I have been working to correct the disconnect between federal cannabis policy and the needs and wishes of the American people. This is the highest profile legislation that has broad support on both sides of the capitol.
Senate Democratic Leader Chuck Schumer and House Democratic Caucus Chairman Hakeem Jeffries announced their intentions to introduce legislation known as the Marijuana Freedom and Opportunity Act, to remove marijuana from the Controlled Substances Act (CSA), thus ending the nearly century-long federal policy of criminalization and prohibition.
With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. However, top Democratic Senator Chuck Schumer feels that the SAFE Banking Act is insufficient and potentially detrimental to legalization. Good Bill, Poor Timing. .
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?
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.
If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. BankingPolicies. .
In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis. Other Advocacy Efforts Beyond the NAACP and UFCW, other organizations are also rallying for advancements in cannabis policy. Historical Background The NAACP’s recent move aligns with its history of progressive stances on cannabis reform.
New Jersey considers decriminalization. The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. There’s plenty of state news also. Iowa votes to reform its medical marijuana program. new jersey.
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 decriminalizationpolicy in Dayton, Ohio went into effect this week. NM resident?
The 14-page legislation isn’t as long-winded but puts the removal of cannabis as a controlled substance, banking protection, reform for veterans and mandated NIH studies at the forefront. For too long, the federal government’s outdated cannabis policies have stood in the way of both individual liberty and a state’s 10th Amendment rights.
Republican leaders in Wisconsin’s state legislature said that Governor Evers’ medical cannabis and decriminalization budget proposals will not be passed through the legislature this session. Legislation is pending, House Bill 96 / Senate Bill 98, to decriminalize the possession of small amounts of marijuana. AL resident?
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.
“Because marijuana is still illegal under federal statutes, many banks are reluctant to offer loans for a medical marijuana business, though it’s possible to get loans from private individuals.” For more than 45 years NORML chapters have been the driving force behind policy decisions on the local and state level.
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?
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.
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.
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.
The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy. Senators) who joined the group in a spirited, interactive discussion on hemp public policy. The national media took notice of some of the highlights: Rep. By Kyle Jaeger.
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.
State legislators in 2021 enacted over 50 laws liberalizing marijuana policies in more than 25 states, according to a report issued today by the National Organization of the Reform of Marijuana Laws (NORML). These policies are popular among voters, regardless of political party.”. DECRIMINALIZATION. DECRIMINALIZATION.
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.
Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Provide for reforms to the treatment of marijuana-related activities or convictions in federal immigration policy. Chuck Schumer (D-NY), and Rep.
Minor marijuana possession offenders will no longer be criminally prosecuted in Hennepin County, Minnesota, according to a new policy announced last week by County Attorney Mike Freeman. Under the policy, prosecutors will not criminally charge anyone for marijuana offenses involving the possession of up to 100 grams of cannabis.
For example, Pelosi has talked about marijuana (and yoga) as a safer alternative to opioids and she pushed back against former Attorney General Jeff Sessions’s decision to rescind an Obama-era marijuana guidance policy. Crucially, her staff have always been available, willing and ready to advance drug policy reform,” he said.
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.
Below are comments from various stakeholders and policy experts regarding the Cannabis Administration and Opportunity Act: Hawkins. “It Cannabis Council , Executive Director of Marijuana Policy Project. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking.
Below are comments from various stakeholders and policy experts regarding the Cannabis Administration and Opportunity Act: Hawkins. “It Cannabis Council , Executive Director of Marijuana Policy Project. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking.
Below are comments from various stakeholders and policy experts regarding the Cannabis Administration and Opportunity Act: Hawkins. “It Cannabis Council , Executive Director of Marijuana Policy Project. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking.
She recently spoke out in favor of cannabis decriminalization when news broke that Sha’Carri Richardson would no longer be participating in the Tokyo Olympics after she tested positive for THC. The criminalization and banning of cannabis is an instrument of racist and colonial policy,” she Tweeted on July 2.
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.
“I think everyone is behind social reformation and all the causes around expungement and decriminalization and so forth. We support ending federal prohibition as soon as possible,” added MPP State Policies Director Karen O’Keefe. So, what can these businesses do now to prepare for the shift in federal policy? “I
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.
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.
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.
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