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. California.

Legislation 199

Legislation Decriminalization Hemp Patients 199

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Click here to email your lawmakers in support of banking access. Click here to email your lawmakers in support of banking access. IL resident? NV resident? WV resident?

Legislation 194

Legislation Hemp Compliance Compliance 194

Cannabis Law Report

JULY 11, 2022

The governor of Pennsylvania on Monday signed a bill that includes provisions to protect banks and insurers in the state that work with licensed medical marijuana businesses. As a standalone measure, the cannabis banking reform passed the Senate earlier this year, and it also cleared a House committee last month.

Banking 52

Banking Law Legislation State Laws 52

Cannabis Law Report

SEPTEMBER 23, 2019

The Charles Gazette-Mail report… State Treasurer John Perdue is hiring an attorney to assist with his office’s handling of banking services for West Virginia’s medical cannabis program, a show of escalating tension with the district’s federal prosecutor. He brought civil action against hemp farms. However, the U.S.

Programs 55

Programs Banking Business Law 55

The Blunt Truth

SEPTEMBER 10, 2019

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

Hemp 78

Hemp Business Compliance Compliance 78

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships.

Banking 45

Banking Compliance Compliance Policy 45

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

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. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

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.

Legislation 197

Legislation Decriminalization Patients Access 197

NORML

MAY 24, 2019

Legislation is pending, 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 compassionate care programs.

Legislation 194

Legislation Hemp Access Patients 194

NORML

MAY 17, 2019

Legislation is pending, 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 compassionate care programs.

Legislation 168

Legislation Hemp Compliance Compliance 168

NORML

JUNE 28, 2019

Senator Ron Wyden and Congressman Earl Blumenauer introduced legislation to allow for interstate commerce when it comes to state-legal cannabis programs. Governor Janet Mills (D) of Maine signed legislation into law setting rules and regulations for the adult use cannabis market. This week, U.S. California. CA resident?

Legislation 118

Legislation Access Decriminalization Patients 118

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.

Banking 82

Banking Patients Cannabis THC 82

NORML

APRIL 26, 2019

At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. Days later, the Chief Deputy announced that the cite and release program will be put on hold, without further details. CA resident? CO resident? Connecticut.

Legislation 180

Legislation Compliance Compliance Hemp 180

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.

Banking 40

Banking Hemp Marijuana Events 40

The Blunt Truth

SEPTEMBER 3, 2020

And speaking of CBD, Seyfarth has a program coming up on that topic. Nebraska Secretary of State Bob Evnen approved a medical marijuana initiative to appear on the November ballot late last week. It’s been a busy week for the Golden State. Assembly Bill 1525 allows cannabis banking under California state law.

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DEA CBD Banking Edibles 98

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

NORML

APRIL 20, 2019

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 compassionate care programs. CA resident? CA resident?

Legislation 189

Legislation Decriminalization Hemp Compliance 189

Cannabis Law Report

JUNE 1, 2022

POSTED IN ALABAMA , MEDICAL MARIJUANA , STATE LAW DEVELOPMENTS. For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. The Alabama State Board of Medical Examiners, which issues rules for licensed practitioners and physicians, issued its final rules in March 2022.

Programs 52

Programs Banking Cultivation Patients 52

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 86

Hemp Business Cultivation Banking 86

Cannabis Law Report

JULY 31, 2019

In total, 34 states, the District of Columbia and various U.S. 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. Senate Committee Holds Hearing on Cannabis Banking. Cory Gardner (R-CO) and Sen.

Banking 40

Banking Research and Development Safety Legislation 40

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

Canna Law Blog

OCTOBER 30, 2019

Earlier this month, on October 3, the California Department of Business Oversight (the “DBO”) issued a Cannabis Banking Guidance memorandum to its state-chartered financial institutions (banks and credit unions) to help them make appropriate risk assessments in serving cannabis-related businesses and comply with federal guidelines.

Business 52

Business Banking Programs Compliance 52

Veriheal

JULY 22, 2020

Despite 33 states having legal, medical cannabis programs in the United States, the majority of veterans who utilize cannabis obtain it from the illicit and unregulated market. . The very gray area and smokescreen that exists between federal and state laws put veterans in a very vicarious place similar to banks.

Legalization 69

Legalization Programs Banking Conditions 69

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Just a few hours later, State Rep.

Digestion 53

Digestion Banking Hemp Retail 53

Cannabis Law Report

SEPTEMBER 10, 2019

Within its memorandum to members, the NCUA provided: 1) a summary of repercussions generated by the 2018 Farm Bill, 2) specific compliance program concerns with regard to the Bank Secrecy Act (BSA) and Anti-Money Laundering Act (AML), and 3) considerations under existing NCUA regulations for lending.

Hemp 45

Hemp Business Compliance Compliance 45

Cannabis Law Report

AUGUST 24, 2019

Knowledge compels most people, organizations, companies and even communities to more actively participate in all levels of the Florida government medical marijuana program at the local, state, and federal levels. What growth and setbacks are happening in our current state program, and ultimately, on the national front?

Banking 49

Banking Marijuana Media Patients 49

Otherside Farms

MAY 5, 2020

Banks typically don’t provide loans to cannabis ventures especially, those directly involved with the plant or its derivatives. Generally, the FDIC will not insure a bank that takes on “existential” risks, which include loans to companies in violation of federal law. Most banks are under the federal government.

Business 52

Business Banking Seed-To-Sale Supply Chain 52

Cannabis Law Report

APRIL 15, 2022

The MORE Act not only removes marijuana from Schedule I under the Controlled Substances Act (CSA), but it ushers in a regulatory framework for taxing the sale of cannabis products and using the tax receipts to fund a number of equity and economic programs for those adversely impacted by the War on Drugs. Chuck Schumer (D-NY), and Rep.

Marijuana 52

Marijuana Banking Research and Development Legislation 52

The Joint Blog

JUNE 24, 2020

This includes bolstering programs intended to help operators who suffered during the nation’s long-running war on drugs. Meanwhile, marijuana remains illegal at the federal level and big banks typically refuse to do business with pot companies because of the legal conflict between state and federal law.

Marijuana 52

Marijuana Programs Banking Business 52

Cannabis Law Report

JULY 14, 2021

Cory Booker (D-NJ) and Ron Wyden (D-OR), released draft legislation today that would remove cannabis from the schedule of controlled substances while allowing states to determine their own cannabis policies. An End to Cannabis Banking Woes? Cannabis banking has been a tricky topic to tackle in recent years. Marijuana Times.

Legislation 71

Legislation Banking History Access 71

Cannabis Law Report

DECEMBER 23, 2019

Thereafter, Dr. Imani Brown joined DCR as City’s First Social Equity Program Manager working to develop the program further and lend support to its platform. . The Bureau of Cannabis Control (BCC) sent out 2,842 cease-and-desist letters to cannabis shops and businesses suspected of operating without state licenses.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

SEPTEMBER 16, 2022

The region has been instrumental in highly regulated industries, such as alcohol and tobacco, and the only federally sanctioned cannabis grow program has operated at the University of Mississippi since the 1960s. Although several Southern states have enacted medical cannabis programs, no states have embraced recreational use of cannabis.

Law 52

Law Programs Cultivation Dispensary 52

Cannabis Law Report

MARCH 26, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions.

Business 59

Business Legislation Access Policy 59

Cannabis Law Report

MARCH 28, 2019

Rather, defendants will be ordered to complete a diversion program or partake in community service. Under state law , marijuana possession offenses involving over 42.5 Freeman said the policy change was necessary because he believes that the state law is overly punitive and produces racial disparities in incarceration rates. “My

Digestion 49

Digestion Policy State Laws Decriminalization 49

The Joint Blog

JUNE 15, 2021

Before going deeper into it, make sure you have the license to operate legally in the state you are living in. Know your State Laws. State laws govern whether you can ope rate your cannabis growing business. And different states have different approaches to that. Washington. With that being said, S.A.F.E.

Legalization 52

Legalization Decriminalization Recreational State Laws 52

Cannabis Law Report

MAY 14, 2022

Momentum Builds in Senate for Passing SAFE Act – Bipartisan support in the Senate grows for passage of the SAFE Banking Act, which would facilitate banking access for cannabis companies. MS – A total of 10 counties and 17 municipalities have opted out of participating in Mississippi’s new medical cannabis program.

Banking 52

Banking Recreational Research and Development Cannabis 52