Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications.

Banking 45

Banking Safety Business History 45

Cannabis Law Report

JULY 23, 2019

The Washington Times reports………Nevada officials are launching the nation’s first banking system for the booming cannabis industry, whose dispensaries increasingly are targeted for burglaries and robberies for the hundreds of thousands of dollars of cash they keep on hand to pay employees, taxes and rent. Full Article at.

Banking 40

Banking Marijuana Safety Dispensary 40

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

Cannabis Law Report

APRIL 25, 2022

” The Public Health & Safety Cannabis Financial Service Certification helps law enforcement and state regulators distinguish legal cannabis operators from illicit. monetary banking protocols among cannabis and hemp operators as well as those who are meeting good manufacturing practices. Department of Treasury and FinCEN.

Hemp 52

Hemp Banking Safety Compliance 52

Cannabis Law Report

NOVEMBER 15, 2021

Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health. Immediate Past President Norman Birenbaum, Director of Cannabis Programs at the New York State Executive Chamber. Lab Testing and Product Safety. Banking, Finance, and Taxation.

Compliance 98

Compliance Compliance Programs Topical 98

Cannabis Law Report

JULY 2, 2019

LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.

Compliance 40

Compliance Compliance Programs CBD 40

The Blunt Truth

APRIL 23, 2020

For more on social equity issues, see our post from February that examines programs around the country. The marijuana industry has received on relief from federal relief programs. A group of 10 Senators have also put pen to paper , asking their leadership to include the cannabis industry in the SBA loan program. breaking news.

Banking 101

Banking Packaging Programs Legislation 101

SpeedWeed

FEBRUARY 19, 2021

Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.

Programs 40

Programs Legislation Decriminalization Safety 40

NORML

JANUARY 19, 2020

House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Update : HB 1648 is scheduled for a public hearing in the House Criminal Justice and Public Safety Committee on 1/23/20 at 1:30pm. Send a message to your lawmakers in support of banking access.

Legislation 247

Legislation Decriminalization Access Patients 247

SpeedWeed

FEBRUARY 19, 2021

Attorney General Jeff Sessions, the Cole Memo provided protections from federal enforcement for state-legal cannabis programs or providing those protections through other means. Facilitating access to banking and other traditional financial services. Coordinating product-safety standards across state jurisdictions.

Research and Development 52

Research and Development Marijuana Banking Policy 52

Cannabis Law Report

JANUARY 12, 2022

According to a recent report released by the Psychedelic Science Funders Collaborative, “Oregon’s psilocybin therapy program provides a high-quality model for psychedelic healing in a non-prescription context that could be replicated in other states.”

Research and Development 52

Research and Development Therapy Safety Clinical Trials 52

Cannabis Law Report

MAY 24, 2019

When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to create new opportunities for clients. Forbes Reports. ” More at.

CBD 60

CBD Banking Legislation Safety 60

Cannabis Law Report

JUNE 15, 2022

The alleged violations involve “pervasive irregularities” that prevented regulators from evaluating whether products from the licensees’ cultivation facilities were properly tested for quality and safety, security camera outages that were not reported to regulators, and improper use of pesticides on their products.

Business 52

Business Marijuana Safety Banking 52

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

Legislation 171

Legislation Decriminalization Hemp Patients 171

Cannabis Law Report

JANUARY 10, 2020

While some states had authorized industrial hemp pilot programs for research through the 2014 Farm Bill, hemp growers were subject to strict regulations and were not offered federal support such as crop insurance. This continues to create challenges for marijuana businesses, including access to the payment and banking systems.

Banking 59

Banking Marijuana Collective Recreational 59

SpeedWeed

APRIL 29, 2021

First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. UFCW’s Push to Unionize Cannabis Workers. View original article.

Programs 52

Programs Seed-To-Sale Dispensary Cultivation 52

MMJ Recs

MAY 5, 2024

Following Proposition 215, the legal framework surrounding medical marijuana continued to evolve and in 2003, the California State Legislature enacted Senate Bill 420 , also known as the Medical Marijuana Program Act. These include access to banking services, federal prohibition, and ongoing regulatory issues.

Law 52

Law Marijuana Cultivation Patients 52

SpeedWeed

JULY 7, 2021

Integrated Pest Management Programs: Tips that Will Save You’re A$$. The Importance of Food Safety in the Cannabis Industry. Business / Legal / Finance Seminars: Cannabis Business and Banking Solutions. Elevating the Science of Soil Crafting: Using Biochar to Increase Your Soil Microbe Population. Processing Seminars: .

Media 52

Media Packaging Food Safety 52

MMJ Recs

MARCH 16, 2024

Regulations vary significantly by jurisdiction but typically encompass licensing requirements, product safety standards, and distribution protocols. Moreover, ensuring product quality and safety throughout the supply chain is paramount to maintain patient trust and regulatory compliance.

Supply Chain 105

Supply Chain Research and Development Marijuana Seed-To-Sale 105

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. IA resident?

Legislation 175

Legislation Patients Access Seed-To-Sale 175

Veriheal

AUGUST 3, 2021

This legislation provides important updates to our state’s medical [cannabis] program to ensure that patients have improved access to medication.”. That change would have marked a distinct expansion of Pennsylvania’s existing medical cannabis program, which only allows patients to procure their medicine from licensed dispensaries.

Legislation 98

Legislation Patients Supply Chain Dispensary 98

The Blunt Truth

OCTOBER 29, 2019

While the law set the record straight between hemp and marijuana, it also tasked the US Department of Agriculture (USDA) with promulgating regulations and guidelines to establish and administer a program for the production of hemp in the US. This provision of the bill varies from the Personal Care Products Safety Act ( S.

Hemp 45

Hemp Legislation CBD Research and Development 45

Canna Law Blog

JUNE 7, 2024

Sometimes I’ll write about cannabis banking when I’m working on a project for a bank or credit union, but newsworthy developments on cannabis banking seldom seem to drop. Marijuana Moment ran a good story on the marked-up bill, which covers cannabis banking and other cannabis- and non-cannabis issues.

Banking 103

Banking Hemp Cannabinoids Programs 103

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. Senate Bill 34 would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions.

Legislation 140

Legislation Hemp Patients Compliance 140

The Blunt Truth

JANUARY 24, 2019

Regular readers will doubtless recall that Arkansas’ medical marijuana program was off to a sluggish start. Turning our attention to the Caribbean , Puerto Rico marijuana businesses are now without a banking option. Not chump change by anyone’s standards. Meanwhile, in the U.S.

Banking 40

Banking Environment Safety Dispensary 40

Cannabis Law Report

DECEMBER 16, 2021

The 2021-2022 State Budget Bill consolidated the three cannabis agencies – the Bureau of Cannabis Control, CalCannabis, and Manufactured Cannabis Safety Branch – into the DCC to try and streamline application processes. Cannabis banking was originally included in the federal defense spending bill but stripped from it at the last moment.

Law 98

Law Supply Chain Banking Cultivation 98

NORML

FEBRUARY 22, 2019

Update : HB 2149 was approved by the Public Safety Committee on 2/20. Legislation is pending, House Bill 2980, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. AZ resident?

Legislation 183

Legislation Hemp Compliance Compliance 183

MMJ Recs

JANUARY 27, 2020

These numbers also reflect that Oklahoma has the biggest MMJ program throughout the whole U.S. There’s a bill in the works called SAFE Banking Act, which would prohibit federal entities from punishing banks who are providing services to cannabis-related businesses.

Marijuana 52

Marijuana Seed-To-Sale Banking Conditions 52

Otherside Farms

SEPTEMBER 17, 2019

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. On the bright side, the U.S. On the bright side, the U.S.

Law 64

Law Marijuana Banking Decriminalization 64

SpeedWeed

FEBRUARY 18, 2021

Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. ALBANY, New York, Feb. 17, 2020 – PRESS RELEASE – Governor Andrew M.

Media 52

Media Decriminalization Safety Programs 52

Greenspoon Marder Cannabis Law Group Blog

APRIL 20, 2019

In the meantime, we can at least get closer to the end goal by passing the SAFE Banking Act (H.R. 1595) which would expand financial bank services to legitimate cannabis businesses. This bill would provide cannabis businesses a much needed safety net by allowing them options other than operating as mainly cash-businesses.

Hemp 40

Hemp Banking Education Legalization 40

Cannabis Law Report

FEBRUARY 16, 2022

Others – banking on lack of enforcement – may simply be selling cannabis at retail even though no licenses are yet available. Concerns for public health and safety has been the primary reason cited by the OCM for this prohibition on unlicensed sales. Some of the “dispensaries” are even in the heart of Manhattan.

Retail 52

Retail Cannabis Banking Environment 52

Cannabis Law Report

MARCH 29, 2019

Prior to opening her own firm, she was appointed as Senior Policy Advisor at the Bureau of Medical Cannabis Regulation, where she developed regulations and negotiated with stakeholders regarding the implementation of the Medical Cannabis Regulation and Safety Act (MCRSA).

Law 45

Law Policy Programs Topical 45

Cannabis Law Report

DECEMBER 23, 2019

With the states, the feds, and the locals all making up their own rules for hemp and cannabis operations and prohibitions, the illicit market continued to thrive – creating financial hardships for licensed operators and a safety crisis for consumers. TOP Defining Moments in Los Angeles Cannabis.

Law 59

Law Banking Hemp Retail 59

Canna Law Blog

JULY 30, 2019

Interestingly enough, it’s safe to say that the chaos that commenced with initial licensing under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”) has never really abated. No real banking options. California’s regulations for its licensees are not super tough.

Collective 59

Collective Banking Cannabis Compliance 59

NORML

FEBRUARY 1, 2019

Legislation has been reintroduced from last year, Senate Bill 34, which would exempt compassionate care programs from paying state cannabis taxes when they are providing free medical cannabis to financially disadvantaged people living with serious health conditions. Click here to email your lawmakers in support of banking access.

Legislation 170

Legislation Decriminalization Access Patients 170

Marijuana Lawyer Blog

APRIL 15, 2019

This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges. Two years after that, federal lawmakers passed the Drug-Free Workplace America Act, which allowed mandatory drug-testing of employees AND government contractors, citing safety concerns.

Policy 45

Policy Banking Programs History 45