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. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

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Hemp Business Cultivation Banking 71

Cannabis Law Report

JUNE 11, 2019

In Canada, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) applies to a prescribed set of entities, including among others, banks, credit unions, life insurance companies, securities dealers and money services businesses. In the U.S., In the U.S.,

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Compliance Compliance Business Policy 40

Cannabis Law Report

JUNE 14, 2019

I’m proud to establish the medical marijuana advisory committee to help expand patient access, and to advance and modernize policies to move Florida into the future of medical marijuana,” Fried said. It’s a medicine that an overwhelming majority of Floridians came together for, calling for constitutionally guaranteed access.”.

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Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. the Court of Appeal decision R v Rogers [2014] significantly (and somewhat surprisingly) extended the scope of POCA to conduct that occurs entirely outside the U.K., There is very little guidance for U.K. On 18 June 2019, the U.K. Territoriality. Rogers, a U.K.

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Legalization Banking Compliance Compliance 40

Cannabis Law Report

JUNE 26, 2019

” She further directly advises that cannabis, or marijuana, is a medicine that an overwhelming majority of Floridians voted for and are constitutionally guaranteed access to as a therapeutic medicine. Zachary Kobrin. Eric Stevens. Antoinette Duncan. Duncan is the President and CEO of Duncan Life Sciences. 15, Peter Barsoom.

Marijuana 65

Marijuana Agriculture Research and Development Education 65

Cannabis Law Report

MAY 17, 2019

Agricultural Act of 2014, 7 U.S. The Farm Bill also removes major hurdles impeding hemp cultivators’ ability to run successful, profitable businesses including accessing insurance and banking, finding adequate harvesting equipment and processors, and moving hemp biomass or finished products between states. Code §5940.

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Food DEA Hemp CBD 10

Canna Law Blog

FEBRUARY 17, 2023

Governmental Regulation and Compliance: Marijuana businesses are subject to a variety of regulations, including licensing requirements, advertising restrictions, and quality control standards. Oregon was one of the first states to legalize marijuana for adult use in 2014.

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Banking Legalization Business Cannabis 84

Cannabis Law Report

AUGUST 24, 2019

BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? ” BANKING: The setbacks? . ” Returning to the issue of credit unions and cannabis banking.

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Banking Marijuana Media Patients 49

Canna Law Blog

NOVEMBER 12, 2019

And with too few licenses comes lack of access for consumers and the growth and continued operation of illegal operators. Lack of access to banking. The lack of access to banking forces the classic public safety threat of all-cash, which is also a logistical nightmare for cannabis businesses that must taxes and run payroll.

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Banking Cannabis Vaping Business 78

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

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Banking Hemp Business Cannabis 77

Cannabis Law Report

MARCH 25, 2019

Subject to the express exceptions delineated in the STATES Act, “any person acting in compliance with State law relating to the manufacture, production, possession, distribution, dispensation, administration, or delivery of marihuana” would not be in violation of the CSA. Emphasis added). 1960), and the BSA.

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Banking Law Marijuana State Laws 45

Cannabis Law Report

JULY 30, 2019

Instead, medical marijuana physicians will provide patients with a medical marijuana recommendation or “ order ,” in strict compliance with Florida state law. . with proof of state residency such as bank statement, utility bill, etc. as proof of residency. If person does not have a Florida I.D., then an out of state I.D.,

Marijuana 40

Marijuana Patients Edibles Programs 40

Cannabis Law Report

OCTOBER 17, 2019

The industry in Colorado, a pioneer that began allowing recreational use in 2014, is one of the most financially successful among US states. By passing the Cannabis Act, Canada has taken a position of principled non-compliance with its international drug treaty obligations,” says Fraser.

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Law Seed-To-Sale Hemp Recreational 40

SpeedWeed

MARCH 21, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

JULY 30, 2019

Like others, Dr. Beasley is forced by default to expand her knowledge base through scientific facts that warrant closer inspection and through accessible existing research, with few current cannabis case studies. But also needed are standard operating procedures at the national level, along with accompanying tax and banking frameworks. .

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Marijuana Patients Research and Development Programs 45

Cannabis Law Report

JULY 31, 2019

Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking.

Banking 40

Banking Research and Development Safety Legislation 40

Cannabis Chronicles

MARCH 26, 2019

But without the license, he said he couldn’t get a business bank account and retailers didn’t want to deal in cash. Camp said he didn’t try to conceal anything from the Washington State Liquor and Cannabis Board and resolved his banking issues after getting the license. Compliance and cooperation. Hauge,” read the letter.

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Marijuana Legislation Compliance Compliance 100

SpeedWeed

MARCH 20, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

Banking 52

Banking Compliance Compliance Cannabis 52

SpeedWeed

MARCH 18, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

Banking 52

Banking Compliance Compliance Business 52

SpeedWeed

MARCH 19, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

Banking 52

Banking Compliance Compliance Business 52

Meadow

FEBRUARY 28, 2018

Tim Morland, Compliance & Policy Director, River Distribution Tim was previously Director of Legislative and Regulatory Affairs, for the Board of Equalization. Tim was the Assembly Daily File Clerk from 2013–2014, and the Reading Clerk for the California State Assembly from 2009–2013. FULL TRANSCRIPT OF EVENT AUDIO Panelist?

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Collective Retail Cultivation Cannabis 40

Cannabis Law Report

JUNE 20, 2019

The House Appropriations Committee approved the 2020 Financial Services and General Government bill, which includes a cannabis banking provision that would prohibit financial regulators from spending money to go after financial institutions that do business with lawful cannabis companies. The state taxes medical cannabis sales at 2.9

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Seed-To-Sale Hemp Food CBD 40