NORML

FEBRUARY 8, 2019

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.

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Legislation Decriminalization Patients Access 197

NORML

MAY 31, 2019

The measure would allow additional dispensaries to operate in unincorporated areas of the state that are not within 25 miles of an existing dispensary. Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona.

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Legislation Banking Access Hemp 124

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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Legislation Hemp Patients Compliance 168

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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Banking Hemp Marijuana Events 40

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. Your Dispensary Budget. Please read on. The Business Plan.

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Dispensary Legalization Business Law 72

Nature's Way Medicine

APRIL 23, 2021

SAFE Banking Act Approved in Congress. Even bigger news comes in the form of the Secure and Fair Enforcement (SAFE) Banking Act, which has been approved by the House of Representatives for the fourth time. The SAFE Banking Act has been approved three times before and needs to be sent to the Senate for consideration. State Laws.

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Banking Patients Cannabis THC 82

The Blunt Truth

SEPTEMBER 3, 2020

It’s been a busy week for the Golden State. Assembly Bill 1525 allows cannabis banking under California state law. No sooner did the state’s Department of Health publish new rules, than Trulieve started making them available in their dispensaries. The legislature approved two marijuana measures.

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DEA CBD Banking Edibles 98

Cannabis Law Report

MARCH 5, 2020

State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. Maine won’t issue active licenses until it has a testing lab ready, with all its licenses and certifications, to run the health, safety and potency tests required under state law, Gundersen said.

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Dispensary Safety Conditions Banking 59

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. This measure prohibits employers from arbitrarily discriminating against prospective employees who legally consume cannabis off-the-job in accordance with state law. Update : SB 51 was approved by the Senate on 5/21/19, and now heads to the Assembly. CA resident?

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Legislation Hemp Access Patients 194

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

NORML

MAY 17, 2019

Medical cannabis sales kicked off in Arkansas last Friday as the first dispensary opened its doors. Governor Jay Inslee (D) of Washington signed legislation into law to allow individuals with prior low-level cannabis convictions to apply to the sentencing court to have their record vacated. CA resident? ME resident? NV resident?

Legislation 168

Legislation Hemp Compliance Compliance 168

NORML

APRIL 26, 2019

The measure would allow additional dispensaries to operate in unincorporated areas of the state that are not within 25 miles of an existing dispensary. Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona.

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Legislation Compliance Compliance Hemp 180

Cannabis Law Report

JULY 27, 2021

Most recently, Marshall was CFO of Shryne Group – a multi-state operator in the cannabis industry with operations in California, Michigan, Washington and Nevada, with a combined 10 operating dispensaries and revenues in excess of $100 million. federal law, nor will it provide a defense to any federal proceeding in the U.S.

Banking 76

Banking Retail Dispensary Compliance 76

SpeedWeed

JULY 16, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Dispensary 52

Dispensary Banking Legislation Cannabis 52

Connor & Connor PLLC

MAY 11, 2018

In terms of insurance coverage, dispensaries are largely treated the same as any other business. Pursuant to state law, dispensaries are required to carry certain types of insurance. Unlike banking (which poses different challenges), there are no restrictions when it comes to marijuana businesses being insured.

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Marijuana State Laws Banking Dispensary 56

Cannabis Law Report

JULY 6, 2022

Dafna Revah, co-founder and co-owner of cannabis dispensary CBD Kratom, had a lot of explaining to do when her bank referred her to a record keeper willing to provide her company with a 401(k) plan. ” None, she repeatedly explained, had Delta-9 THC, the cannabinoid that is illegal under federal law. ” Ms.

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Legalization Tincture Banking Edibles 52

Cannabis Law Report

JUNE 1, 2022

POSTED IN ALABAMA , MEDICAL MARIJUANA , STATE LAW DEVELOPMENTS. Beginning September 1, 2022, a person may apply to the commission for a license for an integrated facility or for a license as a cultivator processor, secure transporter, state testing laboratory or dispensary ( Ala. Hobbs on June 1, 2022. Elizabeth R.

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Programs Banking Cultivation Patients 52

The Cannigma

MARCH 12, 2021

A lot of the adult use, legalization has built upon the medical dispensary infrastructure, logistical infrastructure, the inspections and laboratory requirements in some states, and I imagine that also the political power of massive industries plays a role in pushing for further advancement. So, for example, payment systems.

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Legalization Patients Education Dispensary 128

Cannabis Law Report

AUGUST 24, 2019

All it takes is a rival dispensary budtender or former employee to go to a profile and report it. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? ” BANKING: The setbacks? .

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Banking Marijuana Media Patients 49

Cannabis Law Report

APRIL 14, 2022

Department of Justice agreed Wednesday to return all cash seized from an armored car company used by legal marijuana dispensaries during several traffic stops in California last year. As the van headed back to Colorado the next day after picking up cash from Missouri dispensaries, Robinson pulled over the van. Via The Kansas Reflector.

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Legalization Dispensary Banking Law 52

Cannabis Law Report

APRIL 23, 2019

Prior to getting involved in Tax Law, Dionne was a litigator for several years, representing Lenders, Banks and Servicers in Foreclosure actions. Setting up routes and ensuring compliance with both the Department of Transportation and state medical or adult-use marijuana laws is difficult.

Banking 45

Banking Marijuana Law Business 45

The Blunt Truth

OCTOBER 22, 2019

citizen who is petitioning for your “green card” status (lawful permanent residency) while owning a duplex (where you live together on one floor and s/he sells legal cannabis as a dispensary operator on the other). practicing law in the U.S. 1200 , The SAFE Banking Act, awaits a vote. work here, or apply for a green card.

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DEA Banking Agriculture Law 51

Cannabis Law Report

APRIL 24, 2019

Let’s begin with the following: STATES Act Becomes Law. The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. See The Murky Part of the STATES Act: Tribal Rights ].

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Legalization Collective DEA Banking 58

The Blunt Truth

FEBRUARY 2, 2024

Legislators wrangled over the issue of allowing medical marijuana dispensaries a head start; ultimately, that provision was scrapped. Marijuana’s placement in the CSA has had a devastating impact on our communities and is increasingly out of step with state law and public opinion.” Senate Democrats’ letter to U.S.

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DEA Retail Banking State Laws 52

The Blunt Truth

FEBRUARY 7, 2019

Cannabis dispensaries are where it will start, but we expect to see cannabis roll out in a number of other franchised businesses as well, whether in retail (accessories, core products, ancillary products such as cosmetics and body rubs), or in restaurants , home health care , and pet care , for starters.

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Banking Strains Business Pets 49

Cannabis Law Report

DECEMBER 12, 2019

Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes. The cannabis business-lessee was apparently in compliance with all applicable Washington State laws and regulations. As the cases make clear, it’s not only growers and dispensaries who need to be concerned.

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Compliance Compliance Chronic Pain Banking 45

SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. When people think of the cannabis industry, more often than not, their minds immediately jump to dispensaries. Retail dispensaries. Distribution.

Business 52

Business Banking Seed-To-Sale Research and Development 52

Connor & Connor PLLC

AUGUST 30, 2018

a California medical marijuana dispensary, and denied Canna’s deductions for operating expenses, including significant amounts for employee salaries and vehicle expenses. The company appealed the IRS’ findings to the United States Tax Court. The dispensary sold smokable marijuana as well as edibles. Commissioner , T.C.

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Business Marijuana Banking Collective 49

Cannabis Law Report

SEPTEMBER 16, 2022

Unlike Florida, Arkansas opted against vertical integration, instead authorizing separate dispensary licenses (up to 40) and cultivation facility licenses (up to eight). Arkansas dispensaries began serving qualified patients in 2019. Like Florida, Arkansas is a limited license regime.

Law 52

Law Programs Cultivation Dispensary 52

Cannabis Law Report

OCTOBER 27, 2019

P is a California corporation that operates a medical marijuana dispensary legally under California law. 280E applies to businesses operating legally under State law, notwithstanding its use of the word “trafficking. 3) does not apply to marijuana businesses legally operated under State law. .

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State Laws Dispensary Business Policy 45

Cannabis Law Report

MARCH 21, 2019

The USDA’s Agricultural Marketing Service Administrator Bruce Summers said last week that the agency will aim to complete the hemp production regulations by fall 2019, in time for states to submit plans for the 2020 spring hemp planting season. House Committee to Vote on Cannabis Banking Bill Next Week. MASSACHUSETTS.

Digestion 49

Digestion Dispensary Recreational Legislation 49

The Herb Collective

APRIL 29, 2019

A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, cannabis consumers in the state are still only able to pay for their purchases in cash or use an ATM-at-the-register payment system with high fees.

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Law Marijuana Banking Packaging 45

Nature's Way Medicine

MARCH 5, 2021

The IRS commissioner Charles Rettig told the House Appropriations Financial Services and General Government Subcommittee that he would prefer if state-legal marijuana businesses would pay taxes electronically. Right now the businesses are unable to use banks and are paying cash to the federal government.

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Sleep Patients Cannabis THC 76

SpeedWeed

JUNE 14, 2021

We expect MORE will be the baseline for the Schumer, Booker & Wyden efforts in the Senate,” said Dawson in an email to Cannabis Business Times and Cannabis Dispensary. The Secure and Fair Enforcement in (SAFE) Banking Act. Much of the foundation of the MORE Act was built on Booker’s Marijuana Justice Act of 2017.

Banking 40

Banking Hemp Legislation Packaging 40

SpeedWeed

JUNE 14, 2021

We expect MORE will be the baseline for the Schumer, Booker & Wyden efforts in the Senate,” said Dawson in an email to Cannabis Business Times and Cannabis Dispensary. The Secure and Fair Enforcement in (SAFE) Banking Act. Much of the foundation of the MORE Act was built on Booker’s Marijuana Justice Act of 2017.

Legislation 40

Legislation Banking Hemp Packaging 40

Cannabis Law Report

APRIL 5, 2019

Specifically, LD 1402 would allow state-chartered credit unions to obtain private deposit insurance, which would in turn make it possible for state credit unions to provide financial services to dispensaries and caregivers that have been registered under Maine’s medical marijuana program.

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Access Marijuana Legislation Education 45

Cannabis Law Report

DECEMBER 16, 2021

The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. A town has the option to later opt back in; however, the state will be issuing a limited number of dispensary licenses.

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Retail Cannabinoids Policy Cultivation 52