Cannabis Law Report

AUGUST 30, 2021

Dispensaries and other marijuana industry companies continue to have difficult time getting cannabis banking services. Senate, at least for the moment, some lawmakers are turning their attention to dealing with weed-related banking issues. Why Marijuana Banking Changes Are Needed. It’s something he’s pushed for since 2013.

Banking 99

Banking Legalization Dispensary Legislation 99

Veriheal

MAY 5, 2023

A study looked at the link between psychedelics and spirituality, Minnesota is closing in on recreational cannabis, and Montana is looking to make cannabis banking easy. Cannabis Bill Minnesota residents received some thrilling news this week as the state Senate passed a bill to legalize recreational cannabis.

Banking 98

Banking Research and Development Recreational Cannabis 98

NORML

OCTOBER 15, 2019

4) US relations – border & banking. Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. NORML Canada proudly welcomes our sister chapter to the South – NORML Michigan, to share insights on Michigan’s newly passed legal recreational cannabis bill.

Legalization 203

Legalization Advocacy Banking Access 203

NORML

FEBRUARY 27, 2019

Currently, almost none of the businesses operating in the cannabis space can legally obtain a bank account, process a credit card, or take a standard business deduction on their federal taxes. “And when these businesses are forced to operate exclusively in cash, they create serious public safety concerns.”

Banking 169

Banking Policy Business Safety 169

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

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

SpeedWeed

FEBRUARY 18, 2019

lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The Democratic-controlled House Financial Services Committee on Wednesday held a hearing to discuss the Secure and Fair Enforcement Banking Act of 2019, also known as the SAFE Banking Act, reports Yahoo Finance.

Banking 61

Banking Business Marijuana Safety 61

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

Cannabis Chronicles

FEBRUARY 8, 2019

The chamber has set a hearing next week on a bill intended to make banking services more widely available for pot companies. It would also reduce barriers for legal marijuana businesses to get access to banking. The Democratic majority in the House appears more open to considering proposals to ease federal restrictions on marijuana.

Banking 159

Banking Packaging History Compliance 159

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

Veriheal

SEPTEMBER 3, 2020

The latest round of COVID-19 relief legislation has just come down the pike from the Senate, and while provisions have been made to protect several industries dealing with struggles stemming from the pandemic and the resultant economic crisis, the plan makes no attempt to provide protections for banks that service the cannabis industry.

Banking 98

Banking Business Cannabis Recreational 98

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

The Blunt Truth

FEBRUARY 20, 2020

In Pennsylvania, a recreational cannabis bil l was introduced this week by Rep. Turning our attention to the federal government, Senate Banking Committee chair Mike Crapo (R-ID) got a letter this week from Republican legislators asking him to oppose marijuana banking. Jake Wheatley.

Banking 102

Banking Decriminalization Legislation Collective 102

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

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. You will also recall that recreational stores were forced to close.

Banking 106

Banking Research and Development Programs Advocacy 106

SpeedWeed

FEBRUARY 24, 2021

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. . HB1203 just passed the House 64-4, and the next step is for it to clear the senate.

Banking 52

Banking Business Legislation History 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

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies. .

Banking 49

Banking Dispensary Legislation Decriminalization 49

The Blunt Truth

JULY 14, 2023

On the federal level, we have yet another update on the SAFE Banking Act. Governor Youngkin has stated that he is not interested in any further moves towards legalization of adult recreational use marijuana. Maybe it will pass this term? Or maybe not. And finally, the New York Media Softball League took on a CBD sponsor.

Banking 98

Banking Media Retail Legalization 98

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

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

The Blunt Truth

MARCH 21, 2019

Moving north to New Jersey, the legislature is expected to vote next week on legalizing recreational cannabis. Moving west to Illinois, the topic is banking. The state’s treasurer is urging banking reform , lest medical marijuana firms collapse. Those are presumably now moot.

Banking 69

Banking Recreational Legislation Topical 69

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