NORML

MARCH 20, 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 326

Business Legislation Access Policy 326

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

NORML

JUNE 23, 2019

Governor Kate Brown (D) signed legislation into law to to automatically conduct a review of past misdemeanor cannabis convictions, and to “set aside” offenses that are no longer a crime under state law. Click here to email your lawmakers in support of compassionate care programs. CA resident? CA resident?

Legislation 190

Legislation Hemp Decriminalization Agriculture 190

NORML

APRIL 5, 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 190

Legislation Banking Hemp Compliance 190

NORML

JANUARY 19, 2020

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. Send a message to your lawmakers in support of banking access.

Legislation 247

Legislation Decriminalization Access Patients 247

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 45

Business Banking Programs Compliance 45

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.

DEA 98

DEA CBD Banking Edibles 98

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 171

Legislation Decriminalization Hemp Patients 171

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

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 109

Legislation Access Decriminalization Patients 109

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

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 74

Hemp Business Cultivation Banking 74

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 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

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 183

Legislation Hemp Compliance Compliance 183

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.

Legislation 140

Legislation Hemp Patients Compliance 140

Cannabis Law Report

JUNE 26, 2022

The Drug-Free Schools and Communities Act Amendments of 1989 (the Act) is the main body of law governing the use of controlled substances on college campuses. IHEs are required to certify that they have an AOD prevention program in order to remain eligible for certain forms of federal funding and assistance. Certification Requirements.

Research and Development 52

Research and Development Education Programs Policy 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

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. The RSF assessment tool is designed to help OCC and a bank determine customer type for large risk analysis.

Business 52

Business Marijuana Safety Banking 52

Canna Law Blog

NOVEMBER 16, 2023

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered.

Banking 89

Banking Business Cannabis Hemp 89

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 173

Legislation Hemp Access Patients 173

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 140

Legislation Hemp Compliance Compliance 140

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

SMPL

AUGUST 14, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40

Policy Research and Development Marijuana DEA 40

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

MARCH 29, 2019

As most people know, state law provides very generous authority to local jurisdictions regarding operational requirements and standards. However, neither the state nor the locals have really provided any best practices for the industry.

Law 45

Law Policy Programs Topical 45

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

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. The SAFE Banking Act May Help CBD Industry.

Hemp 45

Hemp Legislation CBD Research and Development 45

Cannabis Law Report

MAY 11, 2022

. “The order requires that defendant not use marijuana and ‘not violate federal, state, or local law,'” according to Nivison’s order. 12 additional defendants were charged in a 14-count criminal complaint filed today in federal court, describing the conspiracy’s end-run around Maine’s medical marijuana program.

Banking 52

Banking Conditions Law Marijuana 52

Cannabis Law Report

DECEMBER 12, 2019

Recreational use is becoming legal in a growing number of states. . Thirty-three states have enacted some type of medical marijuana program. Eleven states have legalized the recreational adult-use of marijuana. Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes.

Compliance 59

Compliance Compliance Chronic Pain Banking 59

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

Policy 45

Policy Banking Programs 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 156

Legislation Decriminalization Hemp Compliance 156

Cannabis Law Report

MARCH 17, 2020

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services. Compliance program.

Compliance 59

Compliance Compliance State Laws Law 59

The NM Political Report | Medical Cannabis Program

JUNE 14, 2022

Health plan coverage is a determination appropriately made by the OSI based on all applicable state laws.” For years, there seems to have been a misconception that banks and other ancillary cannabis businesses had trouble doing business with cannabis producers and dispensaries.

Patients 40

Patients Banking Cannabis Treatment 40

The Herb Collective

APRIL 29, 2019

A Cash-Only Industry The final California cannabis regulations still haven’t fixed the banking problem. Unfortunately, cannabis consumers in the state are still only able to pay for their purchases in cash or use an ATM-at-the-register payment system with high fees.

Law 45

Law Marijuana Banking Packaging 45

Cannabis Law Report

JULY 27, 2019

Franchise programs classically offer benefits of scale that sole proprietors cannot replicate, like training programs, marketing tools and the purchasing power of a larger network that can reduce overhead costs for inventory and supplies. Overarching Risks. Overarching Risks. The Significance of Franchise Status.

Supply Chain 40

Supply Chain Programs Business Retail 40