WeedAdvisor

OCTOBER 11, 2019

While the SAFE Banking Act makes its way through the legislative process in the U.S., banks remain nervous about involving themselves in the industry. connections, major Canadian banks are starting to close their doors to cannabis clients, leaving many of them scrambling in a cash-only dilemma. He told the St.

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Banking Dispensary Legislation Business 66

Cannabis Law Report

JULY 8, 2021

In exclusive comments to Green Market Report , Jason Wilson, cannabis banking and research expert at ETFMG (NASDAQ: MJ), which issues the ETFMG Alternative Harvest exchange-traded fund, has given his opinion about the industry for the rest of 2021. The comments are overwhelmingly positive. .

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Banking Cannabis Legalization Legislation 85

The Blunt Truth

SEPTEMBER 23, 2021

Welcome back to The Week in Weed, your Friday look at what’s happening in legalized marijuana. Cannabis banking hitches a legislative ride on the National Defense Authorization Act. Chicago’s new zoning restrictions allow more dispensaries. Adult-use marijuana could become legal in Italy. Not really. and finally.

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Banking Legislation Legalization Retail 114

Illinois News Joint

DECEMBER 17, 2024

In the absence of federal banking standards for the cannabis industry, the Illinois Department of Commerce and Economic Opportunity (DCEO) has grant and loan programs to support small businesses, but its not sufficient to support needed growth. EXPANDING ACCESS Too many consumers do not have easy access to legal cannabis dispensaries.

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Legalization Dispensary Programs Hemp 98

Veriheal

JANUARY 3, 2022

From being the first Asian country to legalize medical cannabis to opening dispensaries for free medical cannabis oil and approving medical cultivation and distribution , Thailand has led the charge when it comes to cannabis legalization. In its most recent move, the country has now legalized cannabis flower.

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The Blunt Truth

MAY 21, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. cannabis banking. massachusetts. nebraska.

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Banking Collective Recreational Hemp 115

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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Banking Legislation Business Programs 66

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Leon Guerrero (D) of Guam signed cannabis legalization legislation into law. CT resident? IL resident?

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Legislation Banking Hemp Compliance 204

Cannabis Law Report

DECEMBER 1, 2021

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide services to cannabis operations. The company will issue and process credit cards that will work in dispensaries. SuperNet has a solution.

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Banking Dispensary Wellness and Beauty Retail 52

NORML

JANUARY 19, 2020

Send a message to your lawmakers in support of legalization. House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Send a message to your lawmakers in support of banking access. Send a message to your lawmakers in support of legalization.

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Legislation Decriminalization Access Patients 251

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Guam became the first US territory to send a bill legalizing the adult-use of marijuana to the governor’s desk in 2019. Click here to email your lawmakers in support of legalization. House Judiciary Committee.

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Legislation Decriminalization Hemp Patients 195

The Cannigma

MARCH 12, 2021

Listen & Subscribe: Very few medical cannabis advocates are against the full legalization of the plant for all adults. But sometimes one unintended consequence of adult-use legalization is that the market no longer caters to medical patients. What is the relationship between medical and recreational legalization?

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WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. Even taxes cannot be paid electronically through a bank, forcing owners to literally hand massive amounts of cash to the IRS every year. New Legislation. .

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Banking Business Legalization Marijuana 45

The Blunt Truth

DECEMBER 16, 2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we report (with skepticism) on the chances of SAFE Banking making it into the omnibus bill. Staying in New England, we examine the potential for New Hampshire legalization. SAFE BANKING (SIGH).

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Banking Hybrid Education Dispensary 111

Otherside Farms

FEBRUARY 25, 2019

A few decades ago, you couldn’t open a cannabis dispensary in any state without facing the wrath of the state laws. This is now a thing of the past in most states, thanks to the legalization of the sale and use of cannabis in these states. There are a lot of opportunities that have been brought by this legalization. The Capital.

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Dispensary Legalization Business Law 72

Cannabis Law Report

MARCH 5, 2022

Cannabis dispensary owners and employees are hoping to see a decrease in armed robberies with the passage of a bill imposing stricter penalties for offenders. The bill proposes increasing the standard sentence range by 12 months for those found guilty of robbing a dispensary. Kitsap Daily News reports.

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Legislation Business Banking Dispensary 98

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Legal but not Bankable. Most Americans live in states where marijuana is legally available in some form.

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Banking Dispensary Safety Seed-To-Sale 53

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. MD resident?

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Legislation Patients Access Seed-To-Sale 194

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

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Banking Dispensary Recreational Cannabis 98

Connor & Connor PLLC

NOVEMBER 27, 2019

Across the country, retail stores and medical dispensaries are seeing large revenues, despite the even larger burden of regulations and the persistent federal prohibition of the practice. One of the first states to legalize recreational marijuana was Colorado, followed by Washington and Oregon. How do I start a dispensary?

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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. Allows licensed dispensaries to sell edible cannabis and cannabidiol products. You can submit your own feedback here.

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Legislation Hemp Compliance Compliance 190

Cannabis Chronicles

FEBRUARY 4, 2019

Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. With a growing number of states legalizing weed for recreational and medical purposes, the U.S.

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Veriheal

FEBRUARY 18, 2022

According to Tom Bout, founder of the Cannabis Professionals Network, over 30 Washington dispensary robberies have occurred since November 2021. He pointed out that this is a hugely under-appreciated issue in states like Colorado where cannabis is completely legal. “It Why are cannabis shops facing an uptick of robberies?

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Dispensary Policy Retail Safety 98

Veriheal

MARCH 23, 2021

Jim Patterson, the former head of the Eaze cannabis delivery company , has pleaded guilty to committing bank fraud while he was still active as CEO. Why Commit Bank Fraud? If you’ve been to a dispensary recently, you might have noticed that you were unable to use your credit or debit card to pay for your purchases.

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Banking Business Dispensary Cannabis 52

Cannabis Law Report

JUNE 22, 2021

Many legal cannabis businesses are forced to be cash-only, leaving them vulnerable to burglaries, robberies, and violent crimes.

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Banking Dispensary Business Cannabis 66

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. Similarly, activists in Arizona are attempting to qualify a 2020 legalization ballot initiative. Click here to email your lawmakers in support of legalization. CO resident? Connecticut. CT resident?

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Legislation Hemp Patients Compliance 167

The Blunt Truth

MAY 28, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. The news is mostly happening in the states this week. Oklahoma is having some medical marijuana issues. Her reasons?

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Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

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Collective Banking Access Dispensary 52

Cannabis Law Report

MARCH 4, 2022

states started to legalize it. Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. So if you’re thinking about jumping on this trend and starting a marijuana dispensary, here are some of the things you need to consider first.

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Dispensary Marijuana Banking Business 59

Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Despite 47 states plus DC permitting some form of marijuana, legal and legitimate businesses forced to operate in cash. I fear dispensary employees being at great risk. From Rep Heck’s Office. Feb 13, 2019 . Press Release. Washington, D.C. Ed Perlmutter (CO-07).

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Banking Packaging Safety Business 61

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

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Banking Legislation Safety Dispensary 51

PrestoDoctor

APRIL 26, 2021

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . Gorilla Seed Bank. I Love Growing Marijuana (ILGM).

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Banking Cultivation Seed-To-Sale Marijuana 52

PrestoDoctor

APRIL 26, 2021

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . Gorilla Seed Bank. I Love Growing Marijuana (ILGM).

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Banking Cultivation Seed-To-Sale Marijuana 52

Cannabis Life Network

APRIL 6, 2020

TORONTO — Devastated bars and lounges, as well as the country’s hard-hit cannabis sector, will finally have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.

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MMJ Recs

JULY 25, 2021

Pennsylvania dispensary laws can be somewhat confusing for first-time visitors and new MMJ patients. Dispensaries have only been open for business in Pennsylvania since 2018, so the Keystone State has a lot of relatively new MMJ patients. This means patients need to bring cash to pay for medical marijuana in many PA MMJ dispensaries.

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The Blunt Truth

MAY 12, 2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Delaware gets closer to legalizing cannabis. To legalize cannabis, it’s not enough to get the substance right; you also have to follow the rules. Late last week, the Delaware House passed an adult-use legalization bill.

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Veriheal

OCTOBER 12, 2020

The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry. Unfortunately, several businesses have recently fallen victim to a scam targeting the legal cannabis sector.

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