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 199

Legislation Decriminalization Hemp Patients 199

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. Maine made changes to their marijuana program. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not.

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Banking Research and Development Programs Advocacy 106

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?

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Legislation Patients Access Seed-To-Sale 196

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.

Banking 52

Banking Access Business Programs 52

Cannabis Law Report

SEPTEMBER 24, 2019

21 State Attorneys General Urge Congress Protect State Marijuana Programs From Federal Interference. AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. 1028) or similar measures that would allow legal cannabis-related businesses to access the banking system. September 23, 2019.

Programs 59

Programs Banking Marijuana Access 59

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

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.

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Legislation Hemp Patients Compliance 168

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. ALBUQUERQUE, N.M. , Dec. Department of Treasury and FinCEN.

Banking 52

Banking Hemp Compliance Compliance 52

WeedAdvisor

SEPTEMBER 21, 2019

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. This will certainly open up a world of opportunity, safety and convenience to beleaguered dispensaries everywhere. This leaves the SAFE Banking Act standing on its own.

Banking 49

Banking Advocacy Legislation Dispensary 49

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.

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Compliance Compliance Programs Topical 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?

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Legislation Hemp Compliance Compliance 194

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

WeedAdvisor

SEPTEMBER 18, 2019

According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Outside the walls of the House and Senate, banking industry insiders and advocates are clamouring to have the SAFE Banking Act passed. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

Veriheal

SEPTEMBER 5, 2022

As a result, many of the provisions that created the structure for Virginia’s adult-use cannabis program, and the framework for regulations to be issued by the [Cannabis Control] Authority, are no longer effective. Agencies tasked with moving the program forward are currently putting their efforts on hold until after 2023.”

Programs 52

Programs Safety Cannabis Legislation 52

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Compliance Compliance Business 52

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

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.

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Legislation Decriminalization Access Patients 188

Illinois News Joint

DECEMBER 17, 2024

INCREASING DIVERSITY Illinois cannabis program is unique in that it centers diversity and equity. 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.

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Legalization Dispensary Programs Hemp 98

Cannabis Law Report

JULY 31, 2019

Eleven states have allowed for legal adult and medicinal use of cannabis in a regulated program. Twenty-three states have a comprehensive medical marijuana program. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture.

Banking 40

Banking Research and Development Safety Legislation 40

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. Update : The Criminal Justice and Public Safety is scheduled to hold an executive session on HB 481 on 2/21 at 11:00am in LOB 204.

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Legislation Hemp Compliance Compliance 191

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

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

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

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.

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Legislation Patients Supply Chain Dispensary 98

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.

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Law Supply Chain Banking Cultivation 98

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

SpeedWeed

APRIL 21, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

Cannabis Law Report

FEBRUARY 11, 2022

Specifically, tension rose amongst the elected Democrats on whether to support incremental reform (like access to banks or removal of cannabis from the list of Schedule 1 drugs) or comprehensive legalization with provisions to address social inequities stemming from the legacy of the War on Drugs. House once again.

Banking 59

Banking Decriminalization Cannabis Programs 59

SpeedWeed

APRIL 3, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Legalization Compliance Compliance 52

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

Cannabis Chronicles

APRIL 2, 2019

Banks don’t give lines of credit in our space, so we’re limited to private investors in the state of Washington,” said Ryan Kunkel, chief executive of Have A Heart, a chain of marijuana stores that has agreed to let its workers unionize. “The Rebecca Saldaña.

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Legalization Business Legislation Banking 100

Cannabis Law Report

JANUARY 3, 2022

CBD Product Safety and Standardization Act of 2021. The most recent legislation to debut on behalf of hemp, the CBD Product Safety and Standardization Act of 2021, was introduced this month by a bipartisan group of U.S. Hemp Access and Consumer Safety Act. SAFE Banking Act. representatives, including Reps.

Hemp 52

Hemp Packaging Banking Food 52

Cannabis Law Report

AUGUST 3, 2021

“Investor demand for this financing was very strong and we are thankful for the outstanding work of our banking syndicate partners and advisors and we welcome all new Cybin investors that share our vision. Vigorous scientific research and clinical trials are needed. Cybin has not conducted clinical trials for the use of its proposed products.

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Clinical Trials Events Treatment Banking 105

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.”

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Research and Development Therapy Clinical Trials Safety 52