Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

Banking 84

Banking Compliance Compliance Business 84

Veriheal

SEPTEMBER 14, 2020

Lawmakers are looking at ways to increase the state’s revenue, and to no surprise, some suggest legalizing recreational cannabis. Tom Wolf is one of those lawmakers who is pushing for the legalization of recreational cannabis. That could all change if the state were to adopt new recreational cannabis laws.

Recreational 98

Recreational Legalization Seed-To-Sale Pharmaceutical 98

Veriheal

OCTOBER 18, 2021

With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreational marijuana is accessible in many states for those of age, there are still some benefits to having a medical marijuana card and purchasing medical marijuana instead of recreational pot.

Recreational 98

Recreational Retail Patients Cannabis 98

Cannabis Law Report

JULY 8, 2021

In exclusive comments to Green Market Report , Jason Wilson, cannabis banking and research expert at ETFMG (NASDAQ: MJ), which issues the ETFMG Alternative Harvest exchange-traded fund, has given his opinion about the industry for the rest of 2021. The comments are overwhelmingly positive.

Banking 85

Banking Cannabis Legalization Legislation 85

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

Banking 66

Banking Legislation Business Programs 66

The Blunt Truth

MAY 21, 2020

The news getting the most attention this week is the reopening of Massachusetts’ recreational marijuana shops, scheduled for May 25. Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. cannabis banking.

Banking 115

Banking Collective Recreational Hemp 115

MassRoots

AUGUST 3, 2020

Even though more than half of the states in America have legalized some form of cannabis use, whether medical or recreational, the plant and its derivatives remain federally illegal. Federal Law: SAFE Banking Act. Some Senators may need encouragement from you, the constituents, to support the SAFE Banking Act. House Bill 418.

Programs 124

Programs Banking Marijuana Conditions 124

Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Bank of America—the second-largest bank in the U.S.—has

Banking 105

Banking DEA Recreational Packaging 105

Veriheal

JANUARY 12, 2022

The news, which was officially announced in a letter, confirmed that the bank would no longer be granting new acquisitions or “short” positions in cannabis-focused businesses. Marijuana Related Businesses,” reads an excerpt from the bank’s letter, which was addressed for the attention of its clients. Since Nov.

Banking 105

Banking Business Cannabis Recreational 105

The Blunt Truth

MAY 28, 2020

Massachusetts recreational shops reopened. In federal news, the marijuana banking provisions in the latest relief bill may not be dead on arrival. As we all know, the state allowed medical marijuana dispensaries to remain open during the pandemic, but recreational shops were forced to close. Virginia decriminalized marijuana.

Banking 99

Banking Decriminalization Recreational Hemp 99

The Blunt Truth

MARCH 12, 2020

As for banking, banking associations around the country sent a letter to Sen. Sherrod Brown (D-OH), asking that the Senate Banking Committee vote on a cannabis banking bill. In tribal news, the Oglala Sioux voted to legalize medical and recreational marijuana on their reservation in South Dakota. STATE NEWS.

Banking 105

Banking Chronic Pain Hemp Decriminalization 105

The Blunt Truth

MARCH 28, 2019

No news is big news this week, as New Jersey failed to pass legislation legalizing recreational marijuana. The breaking news on the federal level is that the SAFE Banking Act has been approved by the House Financial Services Committee (45-15) and will now move to the full House for consideration.

Banking 87

Banking Recreational Legislation Retail 87

PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. While recreational use is allowed in some states, there is still an uphill battle for other states that only have medical marijuana clearance. Marijuana Banking Bill.

Banking 52

Banking Law Marijuana Compliance 52

Veriheal

JUNE 25, 2021

Former Eaze consultants get sentenced to jail time for committing bank fraud. Texas Governor Abbott allows a bill that will require the state to research psychedelic therapy for veterans, and Connecticut legalized recreational cannabis! Video Transcript: Former Eaze consultants land jail time for bank fraud.

Banking 90

Banking Therapy Recreational Cannabis 90

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? Virgin Islands have enacted either medicinal or recreational legalization amendments.

Banking 52

Banking Access Business Programs 52

Cannabis Law Report

FEBRUARY 13, 2019

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . From Rep Heck’s Office. Feb 13, 2019 . Press Release. Washington, D.C. Ed Perlmutter (CO-07).

Banking 61

Banking Packaging Safety Business 61

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

NOVEMBER 10, 2021

Virgin Islands sent a bipartisan letter urging Congress to include legislation in the final 2022 National Defense Authorization Act for Fiscal Year 2022 that would allow states with legalized medical or adult-use cannabis to operate safely under the national banking system. . Medical and recreational cannabis sales in the U.S.

Banking 52

Banking Legislation Access Recreational 52

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. Taking action to clarify banking rules for the legal cannabis industry now, rather than standing by while states construct an ad hoc system of conflicting banking rules, will go a long way toward easing that transition.”. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021.

Banking 52

Banking Access Business Recreational 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

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

JUNE 22, 2019

Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . If you wish to re-publish this story please do so with following accreditation.

Banking 45

Banking Hemp Business Agriculture 45

Illinois News Joint

JULY 29, 2024

The retail store opened at a new location April 24, 2024, and serves medical and recreational consumers. For a live recreational menu, visit here. Verilife North Aurora also works with the Weldon Project for Cannabis Reform and Illinois Food Banks. Hours of operation are 8 a.m.-10 seven days a week.

Dispensary 105

Dispensary Banking Retail Recreational 105

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Abrigo partners with Green Check Verified to expand cannabis banking support to financial institutions.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

MARCH 5, 2022

Over 1,000 dispensaries have opened for business in Washington since recreational use of cannabis was legalized in 2012. However, since federal law still prohibits marijuana, federally regulated banks and credit card companies are unable to provide their normal services to dispensaries and many operate on a cash-only basis.

Legislation 98

Legislation Business Banking Dispensary 98

Cannabis Chronicles

FEBRUARY 4, 2019

Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. With a growing number of states legalizing weed for recreational and medical purposes, the U.S.

Policy 154

Policy Media Vaping Edibles 154

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

Cannabis Chronicles

MAY 19, 2019

Banking regulations. Landlords were concerned that having a weed company as a tenant would cause issues with the banks that hold their mortgages, she said. Federally regulated banks hesitate to lend to businesses involved with a federally illegal substance. Landlords also wondered whether product would be handled in the office.

Banking 22

Banking Patients Access Marijuana 22

Illinois News Joint

APRIL 30, 2023

The retail store opened in 2007 and serves recreational consumers and medical patients. For a live medical menu, visit here , or for a live recreational menu, click here. The retail store donates to various food banks and local charities throughout the year and was 2022 C-U Pride Parade Winner. Thursday to Saturday from10 a.m.-9

Dispensary 98

Dispensary Retail Banking Patients 98

Illinois News Joint

NOVEMBER 11, 2024

Verilife Rosemont is located at 5540 Park Place in Rosemont, Illinois, in the Parkway Bank Park Entertainment district. The 2,000 square-feet retail store opened in April 2021 and serves recreational consumers. For a live recreational menu, visit here. Hours of operation are 8 a.m.-10 seven days a week.

Dispensary 98

Dispensary Retail Banking Recreational 98

The Blunt Truth

MARCH 5, 2020

Although recreational sales were expected to begin this month, they’ve been postponed until June. A group called Regulate Marijuana Like Alcohol filed a petition to legalize recreational marijuana. In Vermont , legislation to establish a marijuana marketplace passed on a second reading in the House.

Banking 99

Banking DEA Hemp THC 99

Cannabis Law Report

JUNE 9, 2021

states have legalized recreational cannabis use, Mexico has taken a big step towards legalization setting itself up to become the largest legal cannabis market in the world, and two pieces of U.S. Just this year, five U.S. Just this year, five U.S. On May 28, 2021, House Rep. View source.].

Legalization 81

Legalization Banking Advocacy Legislation 81

Illinois News Joint

NOVEMBER 12, 2023

The retail store serves recreational users and offers a 30% discount to medical patients. Star Buds’ community engagement includes helping local food banks, Habitat for Humanity, and Cannabis Doing Good social events, as well as toy, clothing, turkey, and food drives. Star Buds Riverside is located at 2704 S Harlem Ave. Monday-Sunday.

Dispensary 105

Dispensary Events Banking Food 105

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

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

Cannabis Law Report

MARCH 19, 2021

com reports the following… After publishing an article that covered the potential for Mexico to legalize recreational cannabis, we noticed… Read More. Technical420.com

Banking 69

Banking Legalization Recreational Cannabis 69

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. As a law firm that has been helping cannabis businesses succeed since 2010, we couldn’t be more excited. Hemp is legal. Public support is increasing.

THC 123

THC Hemp Supply Chain Concentrates 123