The Blunt Truth

DECEMBER 5, 2019

New Jersey is talking about decriminalizing marijuana. Now, Governor Phil Murphy is pushing for statewide decriminalization , as a stop-gap measure. In other state news, Michigan ‘s sales of recreational cannabis began on Sunday, amid long lines of customers. For our take on that correspondence, see here. So is Brazil.

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Chronic Pain Decriminalization Banking Hemp 61

NORML

APRIL 26, 2019

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?

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The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. New Jersey failed to pass legislation legalizing recreational marijuana. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). The Senate failed to take action on the banking bill.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

OCTOBER 28, 2019

With the decriminalization of cannabis in Canda, as well as the United States of America, the world is about to witness a new world order. In fact, more than anything else, the legalization of cannabis has led to a boom in financial reserves for the countries and states that have decriminalized its use. . The Change In Tax Generation.

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Cannabis Law Report

OCTOBER 7, 2021

As you know around the country some cities have begun decriminalizing psychedelic compounds for personal and religious use. Not only will it give Floridians more freedom and choice in their medical treatments and recreation, but it will also grant additional tax revenue for the state. .

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Otherside Farms

SEPTEMBER 17, 2019

Not only that, but recreational marijuana is also legal to use in 10 states. 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.

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Law Marijuana Banking Decriminalization 64

The Joint Blog

JUNE 15, 2021

States that have made medical and recreational marijuana legal. States that have legalized medical marijuana and not recreational marijuana. Connecticut (recreational cannabis is decriminalized, in quantities under.5 Connecticut (recreational cannabis is decriminalized, in quantities under.5 California.

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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. The legalization of the adult recreational use of cannabis is expected to become reality with the adoption of the 2019-2020 New York State budget.

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Hemp Business Banking Concentrates 71

Otherside Farms

MAY 5, 2020

Still, it is legally approved for recreational use in many states and Washington, D.C., and decriminalized in many others. This trend of decriminalization means the market is prime for those looking to start weed businesses. Most banks are under the federal government. Obstacles in Cannabis Business Financing.

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Business Banking Seed-To-Sale Compliance 52

NORML

JULY 3, 2019

“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.” Follow Illinois NORML on Facebook and Twitter and become a member today ! Dan Viets, Executive Director, Missouri NORML.

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Cannabis Law Report

MARCH 19, 2020

The legality of cannabis for medicinal or recreational use varies from country to country, regarding possession, distribution, cultivation, use and finally consumption. Legal Restrictions. Medicinal cannabis has been legalised in many countries across the world. In India, any investment made in the cannabis business, would be taxable.

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Cannabis Law Report

MARCH 17, 2020

As of February 1, 2020, cannabis is legal for recreational and medical use by adults over the age of 21 in 11 states and Washington D.C., 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.

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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.

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Cannabis Law Report

MAY 7, 2022

The legislation does not legalize recreational cannabis , rather, creates the ARICCAME (Regulatory Agency for Hemp and Medicinal Cannabis), the agency that will regulate the production of cannabis for medicinal and industrial purposes. The Supreme Court decriminalized the use of small amounts of cannabis in 2009.

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Law Legislation Hemp Decriminalization 52

Cannabis Law Report

SEPTEMBER 26, 2021

Two in three Americans live in a state that has approved the sale of recreational weed. 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.

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Cannabis Law Report

SEPTEMBER 29, 2021

Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. Marijuana Moment — House And Senate Marijuana Banking Sponsors Discuss Path Ahead While Legalization Debate Looms. Ron Wyden (D-OR), Jeff Merkley (D-OR) and Reps. By Kyle Jaeger.

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Hemp Banking Legislation Policy 52

SpeedWeed

JULY 23, 2021

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. Ocasio-Cortez has been a vocal supporter of psychedelic substances for treating certain medical conditions.

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Concentrates Policy Decriminalization Banking 52

Nature's Way Medicine

MARCH 5, 2021

have removed criminal prohibition on medical and recreational marijuana and an additional 33 states permit medical use. Right now the businesses are unable to use banks and are paying cash to the federal government. After some setbacks, New Jersey has finally completed its recreational marijuana bill. State News. New Jersey.

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The Blunt Truth

OCTOBER 22, 2019

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. 1621 et seq., Note: 7 U.S.C.

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SpeedWeed

JULY 17, 2021

“We applaud the introduction of legislation that would federally decriminalize cannabis. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. While this bill is an essential step in the right direction, it is a big ask and I’m a realist.

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SpeedWeed

JULY 17, 2021

“We applaud the introduction of legislation that would federally decriminalize cannabis. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. While this bill is an essential step in the right direction, it is a big ask and I’m a realist.

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Banking Legislation Cannabis Policy 52

SpeedWeed

JULY 16, 2021

“We applaud the introduction of legislation that would federally decriminalize cannabis. The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. While this bill is an essential step in the right direction, it is a big ask and I’m a realist.

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Dispensary Banking Legislation Cannabis 52

CannaTech

FEBRUARY 2, 2020

California, Massachusetts, Nevada, Vermont, Oregon legalized cannabis for adult recreational use. In North America, Arkansas, Florida, North Dakota, Ohio, Pennsylvania, Oklahoma and West Virginia recently passed medical marijuana legislation.

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Medicine Events Patients Access 59

Cannabis Law Report

MARCH 21, 2019

House Committee to Vote on Cannabis Banking Bill Next Week. Hawaii Lawmakers Approve Marijuana Decriminalization Bill In Joint Committee Hearing. In a state where no firm is legally permitted to own — or control — more than three stores that sell recreational pot, Sea Hunter is poised to test that limit. MASSACHUSETTS.

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Cannabis Law Report

NOVEMBER 29, 2021

DECRIMINALIZATION. DECRIMINALIZATION. House Bill 1090 : State law previously permitted adults to legally possess up to one ounce of either marijuana flowers or concentrates for recreational purposes without penalty. View Legislation by Category. LEGALIZATION. MEDICAL MARIJUANA. DRIVING/DUI. EXPUNGEMENT. MISCELLANEOUS.

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Cannabis Law Report

SEPTEMBER 22, 2022

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. Times have changed. Times have changed.

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Cannabis Law Report

OCTOBER 22, 2019

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. Paparelli on October 22, 2019. Emphasis added; footnotes omitted.).

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DEA Banking Agriculture Supply Chain 40

Cannabis Law Report

APRIL 13, 2022

Its recreational use was legalized only recently, in March of 2021. For better or worse, more states are sure to follow; in fact, according to a recent survey, more than 60 percent of Americans favor the legalization of cannabis for medical and recreational use. New York on Cannabis. Stay tuned.

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Cannabis Law Report

JUNE 26, 2022

Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana. 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.

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Cannabis Law Report

JUNE 30, 2019

Before heading home for its July 4 break, the House added to its string of pro-cannabis measures by passing the 2020 Financial Services and General Government bill with a rider to protect banks serving lawful cannabis businesses.

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The Blunt Truth

MAY 28, 2020

Massachusetts recreational shops reopened. Virginia decriminalized marijuana. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. As we all know, the state allowed medical marijuana dispensaries to remain open during the pandemic, but recreational shops were forced to close.

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NORML

APRIL 2, 2019

While serving as mayor of Burlington, Vermont in the 1980’s, he called for decriminalizing drug possession and treating substance abuse as a public health issue. States are moving forward on decriminalization and legalization. Summary: Senator Sanders has a long history of supporting reforming our nation’s drug policy.

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Canna Law Blog

NOVEMBER 22, 2019

The House Judiciary Committee approved a 2019 bill to decriminalize marijuana at the federal level and end cannabis prohibition on Wednesday. First, it would decriminalize marijuana at the federal level by de-scheduling it from the Controlled Substances Act.

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Veriheal

FEBRUARY 5, 2021

Like many other lawmakers, Tom Wolf , the Governor of Pennsylvania, is looking to capitalize on the monetary advantages of legalizing recreational cannabis. New York and Pennsylvania are both on the same page when it comes to trying to put money back in the bank by taking it from the cannabis industry. On the up and up, though, Gov.

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The Blunt Truth

DECEMBER 31, 2020

Ideas ranged from legalization on day one (Sanders) to decriminalization and expungement (Bloomberg). Massachusetts decided that medical dispensaries could remain open, but recreational shops had to close. Virginia decriminalized marijuana. Recreational shops reopened in Massachusetts. Neither of them did.

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Veriheal

DECEMBER 1, 2021

A group of associations representing American credit unions recently submitted a letter to Congress urging members to pass critical cannabis banking reform legislation. Because of cannabis’ status as a Schedule I—aka federally illegal—substance, many banks and credit unions avoid hosting accounts for cannabis-related businesses.

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Banking Decriminalization Business Legislation 69

The Cannigma

MARCH 12, 2021

Dr. Fisher also discusses how the remaining stigmas surrounding cannabis shape many of the dynamics and barriers facing both the medical and recreational markets. What is the relationship between medical and recreational legalization? There are no payment systems, there’s no banking and cannabis.

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