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At the state level, a new decriminalization law took effect this week in Hawaii involving the possession of up to three grams of marijuana, as well as a procedure for expungement of past convictions for the same amount. Legislation is pending, A1897, to decriminalize the possession of small amounts of marijuana. FL 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. House Judiciary Committee.
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. Click here to email your lawmakers in support of compassionate care programs. CA resident? HI resident? Update : H.122 ID resident?
Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. At a more local level, the Cincinnati, Ohio city council approved a measure to decriminalize up to 100 grams of cannabis possession. California.
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 compassionate care programs. Click here to email your lawmakers in support of banking access. The bill now heads to the Governor. CA resident?
Manor Township, Pennsylvania is considering a proposal that would decriminalize cannabis possession. Legislation is pending, House Bill 2555, to decriminalize small amounts of marijuana possession. Click here to email your lawmakers in support of decriminalization. Click here to email your lawmakers in support of banking access.
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?
A decriminalization bill was defeated in the Missouri House of Representatives this week. At a more local level, The city commissioners of Daytona Beach voted to decriminalize up to 20 grams of marijuana possession. Legislation is pending, House Bill 96 / Senate Bill 98, to decriminalize the possession of small amounts of marijuana.
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. Click here to email your lawmakers in support of compassionate care programs. CA resident?
Iowa votes to reform its medical marijuana program. New Jersey considers decriminalization. The Iowa Senate passed a bill making changes to the state’s medical marijuana program. There’s plenty of state news also. Maine faces lawsuits over its out-of-state licensing. aba/sba correspondence. It sets a THC cap of 4.5
Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. New Mexico’s new decriminalization law takes effect this coming Monday July 1. Click here to email your lawmakers in support of compassionate care programs. California.
The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. SAFER BANKING Although the SAFE Banking Act has passed multiple times in the House of Representatives, it’s never gotten out of committee in the Senate. Spoiler alert: the two don’t mix.
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. Senate Bill 477, to protect the rights of parents and guardians who participate in the state’s medical cannabis access program.
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. MO resident?
In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis. Ademola Oyefeso , UFCW’s Head of Legislative and Political Action, recently appeared before the Senate Banking Committee to advocate for cannabis banking reform — an essential component of the industry’s financial stability.
And speaking of CBD, Seyfarth has a program coming up on that topic. Assembly Bill 1525 allows cannabis banking under California state law. The bill would decriminalize cannabis and expunge the criminal records of nonviolent marijuana offenders. Florida has legalized medical marijuana edibles. the more act.
New Jersey is talking about decriminalizing marijuana. Now, Governor Phil Murphy is pushing for statewide decriminalization , as a stop-gap measure. And in Wisconsin , Governor Tony Evers signed legislation making the state’s pilot hemp program permanent. Also, its rules now align with the 2018 farm bill.
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.
It’s Impossible to Bank in the Weed Industry. Curious about why it’s impossible to bank in the weed industry? The answer is simple: Many credit card companies and banks are afraid to give accounts to people in the marijuana business. Weed Is Decriminalized in 15 States. On the bright side, the U.S.
– Thirty-seven states allow for medical cannabis use through state run programs. Thirty-eight states have either decriminalized cannabis or enacted laws authorizing its use for medical or recreational adult use. [1] 1] The most recent state to pass legislation is Rhode Island, which authorized an adult use program.
Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.
and decriminalized in many others. This trend of decriminalization means the market is prime for those looking to start weed businesses. Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Most banks are under the federal government.
Connecticut (recreational cannabis is decriminalized, in quantities under.5 Delaware (recreational weed is decriminalized but is still illegal). . Hawaii (recreational cannabis has been decriminalized but is still illegal). . Minnesota (recreational weed is decriminalized but is still illegal). . New Mexico.
These numbers are likely to increase substantially in the next few years as more than half the states have pending legislation legalizing cannabis for some use or decriminalizing the drug. There has been some relief for the industry as some regional banks and credit unions have begun offering financial services to cannabis businesses.
Senate Majority Leader Chuck Schumer has thrown his weight behind cannabis decriminalization, producing a draft bill this summer that would regulate a nationwide industry and force siloed state markets to interact with each other.
viii Other states have decriminalized the first-time possession of small quantities of marijuana or legalized the limited sale and use of low-THC CBD oil, a non-psychoactive product from the cannabis plant often used for medical purposes. xli The Secure and Fair Enforcement Banking Act (SAFE Banking Act) was approved by the U.S.
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 ). You can also reach out to urge your lawmakers to support decriminalization or legalization of cannabis.
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. He has developed partnerships for companies like Costco, Fisher Media, and the biotechnology space.
In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. It’s verified, and that money can enter the US banking system. How does that money?
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.
Decriminalization Legislation Introduced in Texas. West Virginia Bill Would Give Banking Access to Cannabis Companies. Governor Mark Gordon has signed into law a bill that approves funding for a regulatory program to grow and sell hemp. Jason Nemes, a leading sponsor of the bill. Where there’s a will there’s a way.
Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.
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. IHEs are required to certify that they have an AOD prevention program in order to remain eligible for certain forms of federal funding and assistance.
When major states of the United States started decriminalized marijuana, Illinois did not stand back. In 2016, Illinois decriminalized possession of pot. Opioid Alternative Pilot Program. You can give anything from the list – state ID, bank statements, driver’s license, voter ID, or utility bills.
South Dakota in 2017 handed a provision legalizing CBD contingent on approval by the state well being division and Nebraska in 2015 handed a regulation that allowed for a CBD pilot program below the auspices of the state college. New Mexico legislators did, nevertheless, vote to decriminalize cannabis. Fairly just a few.
As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. 1200 , The SAFE Banking Act, awaits a vote. The legal cannabis business is spreading like weeds. 4390 and S.
There are no payment systems, there’s no banking and cannabis. But what happens to the medical programs and access and probably in ways that I don’t even know what to ask? And so, the medical program becomes legalized, and patients then have to apply for a medical card from the state. So, for example, payment systems.
As several states and foreign countries have enacted laws decriminalizing or legalizing marijuana for medicinal or recreational use, a fresh rush of reefer madness has overtaken the business world. 1200 , The SAFE Banking Act, awaits a vote. By Angelo A. Paparelli on October 22, 2019. 4390 and S.
Many will be priced out of what patients already complain is a too expensive medical marijuana program, instead seeking out the black market.”. Such a cap would render the SAFE Banking Act all but useless, as most cannabis products contain far more than 2% THC. . Another way to prohibit cannabis. In 2019, Sen. ” RT if you agree!
As of this writing, 18 states, the District of Columbia, Guam and the Northern Mariana Islands have legalized marijuana for recreational use, and another 13 states have decriminalized the use of marijuana. Thirty-six states have legalized medical marijuana and there are over a dozen other states where legalization legislation is pending.
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!
SAFE Banking made it into the NDAA, but will it stay there? We heard discussion of bills to decriminalize cannabis and release prisoners. safe banking. The SAFE Banking Act passed the House of Representatives yet again. decriminalization. Most of the news this week concerns Congressional action. and finally.
Unfazed by the federal leadership vacuum on cannabis, states continue to roll out cannabis proposals and programs. These proposals range from limited decriminalization measures to comprehensive, adult use licensing. This is because racial minorities and victims of the War on Drugs generally fall behind at program launch.
On Tuesday, the Senate Banking Committee had a hearing on cannabanking. Kamala Harris (D-CA) have introduced a bill calling for the decriminalizing of marijuana. What the SAFE Act would do for banking, the CLAIM act would do for insurance. In Utah , growers have been chosen for their medicinal cannabis program.
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