Cannabis Chronicles

FEBRUARY 8, 2019

The chamber has set a hearing next week on a bill intended to make banking services more widely available for pot companies. It’s tough to see how things will shake out, but there is a very serious chance cannabis policy reform will move in the Senate,” said Morgan Fox of the National Cannabis Industry Association. However, Rep.

Banking 159

Banking Packaging History Compliance 159

The Blunt Truth

FEBRUARY 20, 2020

In Pennsylvania, a recreational cannabis bil l was introduced this week by Rep. Turning our attention to the federal government, Senate Banking Committee chair Mike Crapo (R-ID) got a letter this week from Republican legislators asking him to oppose marijuana banking. Jake Wheatley. See you next week!

Banking 102

Banking Decriminalization Legislation Collective 102

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. You will also recall that recreational stores were forced to close.

Banking 106

Banking Research and Development Programs Advocacy 106

MassRoots

FEBRUARY 11, 2019

It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it.”. It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it. It also allows legal cannabis businesses to have access to normal banking services, permits U.S.

Legalization 111

Legalization Marijuana Legislation Policy 111

Canna Law Blog

JANUARY 11, 2020

And for good reason: the recreational market is expanding. The international market is taking form and access to banking services is expanding. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 Hemp is legal. CBD and other cannabinoids are fast becoming (if not already) household names.

THC 123

THC Hemp Supply Chain Concentrates 123

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

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. The inability of these state-legal entities to bank their significant cash reserves is an issue of public safety. Thursday, June 17, 2021. Washington, D.C. Oregon’s U.S. Senator Jeff Merkley and U.S. billion by 2026.

Banking 51

Banking Legislation Safety Dispensary 51

The Blunt Truth

MARCH 14, 2019

The big news on the federal level was the reintroduction of the SAFE Banking Act , by sponsor Ed Perlmutter, a Democrat from Colorado. Meanwhile, in New Jersey , the governor and Democratic legislators have reached an agreement in principle to legalize recreational cannabis. What about New York?

Banking 86

Banking Legislation Collective Recreational 86

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.

Banking 98

Banking Dispensary Recreational Cannabis 98

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies. .

Banking 49

Banking Dispensary Legislation Decriminalization 49

Cannabis Law Report

MAY 28, 2022

Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. economy: the financial system.

Banking 52

Banking State Laws Law DEA 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.

Policy 105

Policy Research and Development Collective Banking 105

Cannabis Chronicles

MAY 22, 2019

“We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. The Puyallup tribe has staked several claims in the state’s legal marijuana industry, opening two recreational stores in the Tacoma area.

Medicine 140

Medicine Research and Development Data Collective 140

Canna Law Blog

MARCH 9, 2019

Volatile Access to Banking. Lack of access to banking in the industry is the current norm, and it ultimately helps keep cannabis in the shadows and out of reach of full legitimacy and transparency. And the bad behavior spans a range of areas in cannabis from scamming investors to bank fraud to lying about entitlements from regulators.

Banking 97

Banking Access Cannabis Business 97

Cannabis Law Report

MARCH 24, 2020

Wellness Connection filed a lawsuit in federal court Friday against the Maine department that oversees marijuana policy, claiming that residency restrictions on owners of recreational cannabis businesses violate the U.S. He said that because marijuana is illegal on a federal level, banks cannot provide loans. Constitution.

Marijuana 76

Marijuana Recreational Policy Banking 76

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

Banking 40

Banking Data Media Business 40

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.

Banking 71

Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

MAY 21, 2019

The measure, which makes clear that the group “takes no position as to whether cannabis should be legalized under the laws of the United States or of any state,” highlights the public safety issues caused by current federal policy, which makes many financial services providers reluctant to work with the marijuana industry.

Banking 40

Banking Legislation Safety Collective 40

The Blunt Truth

JUNE 11, 2020

The organization sent a letter this week to the SBA asking them to reconsider their policy barring companies that have any dealings with cannabis firms from receiving money under the PPP. Maine recently dropped a residency requirement for ownership of recreational marijuana businesses. new jersey. Further bulletins as events warrant.

Pets 95

Pets Decriminalization Banking Programs 95

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Bank Secrecy Act Compliance. Rockswold , Linda A. Albrecht and Allison Groskreutz. Eide Bailly LLP.

Banking 40

Banking Hemp Marijuana Compliance 40

Cannabis Law Report

JUNE 20, 2019

It brings Maine one major step closer to its first legal recreational sales, which regulators estimate could occur in March 2020 – after the state’s tracking and licensing systems are ready, marijuana businesses get state and local licenses and growers have product ready to hit the shelves. In fiscal year 2023, Maine is banking on $33.2

Law 73

Law Banking Collective Retail 73

Cannabis Law Report

MARCH 6, 2019

And in the November election, Michigan became the first Midwestern state to permit recreational pot use. ” Cobb has been recognized for his efforts to gain support for the Secure and Fair Enforcement Banking Act, which will allow pot businesses to bank freely, like any other legitimate business. Governor Haley Barbour.

Banking 78

Banking Policy Legislation Compliance 78

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

Policy 78

Policy Patients Dispensary Banking 78

Cannabis Law Report

MAY 17, 2019

The Sacramento Bee reports……The survey found that 82 percent of surveyed bank executives support Congress passing a law allowing financial institutions to do business with cannabis companies, a practice that is restricted because marijuana is considered an illegal narcotic at the federal level. would likely open up their services.

Access 55

Access Banking Safety Events 55

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. Will Banks get a Hit of the Cannabis Industry? Home » Blogs » Will Banks get a Hit of the Cannabis Industry?

Hemp 71

Hemp Business Banking Concentrates 71

Canna Law Blog

JULY 2, 2019

For those who enjoy a bit of historical grounding , the first business insurance policies in the U.S. Washington has been on the forefront of marijuana legalization among the states, in 1999 becoming the 4 th state to legalize medical marijuana, and in 2012 becoming the 2 nd state to legalize recreational marijuana.

Business 74

Business Policy Digestion Cannabis 74

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. This federal distinction, however, has not prevented more than 40 states from legalizing marijuana for medical and/or recreational adult use.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

SEPTEMBER 1, 2021

This prohibition stands in contrast to the 18 states that have “legalized” recreational cannabis use and the 37 states that have enacted laws regulating cannabis use for medical reasons. 10] Without bank accounts, these businesses must make tax payments in person, in cash, at regional IRS offices. Introduction.

Policy 100

Policy Cannabis Law Treatment 100

Cannabis Law Report

DECEMBER 11, 2021

The Institute will educate attorneys, policy makers, and members of the public on the implications and impact of the new law, touching on topics such as equity, labor law, social justice and more. The effort will kick off on Wednesday, Dec.

Education 98

Education Law Events Topical 98

The Blunt Truth

OCTOBER 17, 2019

In New Mexico, an expert panel appointed by the state’s governor recommended using proceeds from recreational marijuana to provide low-interest loans to small cannabis businesses and eliminating taxes on medical marijuana. The legislation includes provisions concerning home grow, delivery, expungement and a low bar to entry.

Banking 49

Banking Education Packaging Legislation 49

Cannabis Law Report

MARCH 5, 2020

Maine is planning to have its first recreational marijuana shops open in June, three months later than expected. State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. The article adds. BEFORE MARIJUANA MARKET OPENS. Retail shops need state-issued conditional licenses.

Dispensary 59

Dispensary Safety Conditions Banking 59

Canna Law Blog

NOVEMBER 12, 2019

To wrangle and control a new industry unlike any other is incredibly difficult and many challenging policy and legal decisions have to be made by these regulatory bodies without any assistance (or budget) from other branches of state and federal governments. Lack of access to banking. Being a cannabis regulator is no easy task.

Banking 93

Banking Cannabis Vaping Business 93

Cannabis Law Report

DECEMBER 16, 2021

This year our office wrote about the various legislative and policy changes – We break down 2021’s highlights below. Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice. AB 45: California hemp legalization. Federal Cannabis Reform (or not).

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

JULY 18, 2019

Senators Crapo and Graham are chairmen of the Senate Banking and Senate Judiciary committees, respectively — the two committees that have the highest chance of seeing standalone cannabis legislation in this congress. Take, for example, the SAFE Banking Act, which is expected to pass the House by a strong margin.

Banking 45

Banking Legislation Recreational Policy 45

Cannabis Law Report

MARCH 15, 2019

In addition to the gaps between state and federal law, an obstacle course of regulatory hoops to jump through, banking barriers, branding, and countless other headaches. Senior Policy Consultant. Thankfully, that’s where the women from Manzuri Law come in. Meital Manzuri, Esq. Managing Partner. Alexa Steinberg, Esq. An-Chi Tsou.

Law 14

Law Advocacy Banking Compliance 14

Cannabis Law Report

AUGUST 24, 2019

Social network’s internal policy team elects to keep global ban on promoting pot sales or selling marijuana outright, after months of debate ,” according to Max Cheney at MarketWatch. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019.

Banking 49

Banking Marijuana Media Patients 49

Canna Law Blog

JUNE 24, 2019

But times are not good in China, despite recent reassurances from Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission. dollars, so China’s central bank needs to keep foreign exchange reserves on hand to facilitate those transactions. How do we know times are not good in China? and the rest of the world. .’

Business 64

Business Banking Cannabis Law 64