NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell.

Banking 167

Banking Policy Business Safety 167

NORML

MARCH 20, 2020

“Given the tremendous amount of uncertainty in the broader economy, the hundreds of thousands of American workers who are employed by the state-legal marijuana industry must be respected and protected by the emergency actions being taken by elected officials,” said NORML Political Director Justin Strekal.

Business 318

Business Legislation Access Policy 318

Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

Banking 107

Banking Marijuana Safety Legislation 107

NORML

MAY 11, 2020

“NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” Even during these uncertain times, NORML’s mission remains the same.

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Advocacy Access Banking Retail 336

Cannabis Law Report

AUGUST 17, 2022

Ohio State Legal Studies Research Paper No. Drug Enforcement and Policy Center, August, 2022. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans.

Banking 98

Banking Access Research and Development Compliance 98

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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Policy Media Vaping Edibles 154

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019.

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Banking Marijuana Legislation Business 106

NORML

MARCH 14, 2019

and playing a leading role in drafting policy agendas to ensure participation of people of color in the cannabis industry. As we continue our work with legislators, businesses, and our communities on cannabis reform and legalization here in Illinois, our attendance and participation in this summit is crucial.

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Banking Policy Topical Legislation 171

Canna Law Blog

DECEMBER 24, 2019

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Banking Hemp CBD Cultivation 92

Cannabis Life Network

DECEMBER 7, 2022

United States Congress has declined to include cannabis banking in the NDAA (National Defense Authorization Act). The NDAA is an annual congressional bill guiding policies and funding of federal military agencies. The post Cannabis Banking Left out of NDAA appeared first on Cannabis | Weed | Marijuana | News.

Banking 81

Banking Policy Cannabis Marijuana 81

MassRoots

FEBRUARY 11, 2019

420, my bill to legalize and responsibly regulate and tax marijuana,” Wyden tweeted on February 8. It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it.”. 420, my bill to legalize and responsibly regulate and tax marijuana. “I introduced S.420, NEW: I introduced S.420,

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Legalization Marijuana Legislation Policy 111

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Legal hemp businesses should be treated just like any other businesses and not discriminated against,” the letters urged.

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Banking Hemp Access Business 94

Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. We are optimistic that the hemp industry will have ample banking options.

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Banking Hemp Environment Access 83

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 84

Banking Compliance Compliance Business 84

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Banking 84

Banking Hemp Compliance Compliance 84

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

Banking 82

Banking Marijuana Safety Business 82

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

Banking 86

Banking Legislation State Laws Business 86

NORML

JANUARY 19, 2020

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. FL resident? NJ resident? New Mexico.

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Legislation Decriminalization Access Patients 250

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? DE resident?

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Legislation Banking Hemp Compliance 201

Veriheal

DECEMBER 22, 2023

Additionally, these past proposals also pushed for equal access to the economic opportunities arising from the legal cannabis market. They emphasize that these communities should have an active role in reaping the economic advantages that come with legalization. Last year, AFGE passed a resolution supporting cannabis legalization.

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Legalization Supply Chain Banking Marijuana 122

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 193

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. .

Banking 45

Banking Business Legalization Marijuana 45

NORML

JUNE 23, 2019

House of Representatives just voted to restrict the Department of Justice from interfering with the states that have legalized adult-use marijuana. Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. CA resident? Massachusetts. Update : S.

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Legislation Hemp Decriminalization Agriculture 203

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Ohio State Legal Studies Research Paper No. Drug Enforcement and Policy Center, August, 2022. Ohio State Legal Studies Research Paper No.

Banking 52

Banking Access Research and Development Policy 52

Cannabis Law Report

AUGUST 9, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and regulatory news: CBD. A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. Agri Pulse.

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Hemp CBD Legalization Edibles 105

Cannabis Law Report

MARCH 5, 2020

Marijuana Moment reportsTreasury Secretary Steven Mnuchin said on Wednesday that he will not take administrative action to protect banks that service marijuana businesses from being penalized by federal regulators, stating that it’s up to Congress to resolve the problem. The conflict is a problem. Read the full Marijuana Moment piece at.

Banking 59

Banking Policy Business Marijuana 59

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

Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in. House of Representatives. Overall, both of these effort by U.S.

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Hemp Law CBD Banking 100

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 192

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

Banking 59

Banking Business Media Access 59

Cannabis Law Report

APRIL 8, 2023

The National Cannabis Policy Summit’s Congressional Forum convenes cannabis advocates, patients, business leaders and policy experts for an afternoon of keynote addresses and discussions featuring Members of Congress in the Capitol Visitors Center’s Congressional Auditorium.

Policy 52

Policy Events Banking Topical 52

NORML

FEBRUARY 22, 2019

On the same day, LegalizeND announced that they will try again with a 2020 legalization ballot initiative. The bill clarifies that products made from the resin of the cannabis plant are legal for medical purposes under state law, including extracts, concentrates, oils, tinctures, and edible products, amongst others. IL resident?

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Legislation Hemp Compliance Compliance 192

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 166

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 In a vote Tuesday, the U.S.

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Banking Safety Compliance Compliance 55

Cannabis Law Report

SEPTEMBER 12, 2021

NCUA’s Rodney Hood said at the PBC Conference that he’s “concerned that the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough,” and congressional inaction is largely to blame. He also said that he feels legalization at the federal level is an inevitability. Read full article.

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Banking Law Legalization Hemp 89

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

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Policy Research and Development Collective Banking 105