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. That hemp remains subject to the requirements of the 2014 Farm Bill.

Hemp 59

Hemp Business Banking Agriculture 59

Cannabis Law Report

JUNE 22, 2019

Will hemp taint your banking relationship? . Farmers across the country have started growing hemp under the 2014 farm bill while the regulations for the 2018 farm bill are sorted out by the USDA and state departments of agriculture. PUBLISHER: CANNABIS LAW REPORT. THC when it is harvested and tested? .

Banking 45

Banking Hemp Business Agriculture 45

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

SpeedWeed

APRIL 3, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Legalization Compliance Compliance 52

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Education 52

Education Banking Hemp Compliance 52

Canna Law Blog

APRIL 27, 2022

The earliest cannabis Web3 cryptocurrency companies date to 2014, and many are still in existence: PotCoin (POT), CannabisCoin (CANN), HempCoin (THC), and DopeCoin (DOPE). Cryptocurrency transactions are on a public ledger system, which would allow regulators to easily audit companies and individuals for tax compliance.

Banking 73

Banking Cannabis Business Dispensary 73

The Blunt Truth

FEBRUARY 18, 2020

Recently, I had the opportunity to moderate panels on cannabis and commercial real estate at programs held in Los Angeles and Chicago. It was interesting to compare the programs and the audiences in the two cities. Another panelists runs a full service creative and compliance agency for the cannabis industry.

Supply Chain 108

Supply Chain Dispensary Banking Business 108

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. That is changing.

Hemp 71

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.,

Compliance 40

Compliance Compliance Business Policy 40

Canna Law Blog

JULY 30, 2019

The City of Los Angeles is a prime example in that it has navigated complex issues relative to three phases of local licensing and implementing a social equity program that it’s had to refine for months and months (as opposed to L.A. No real banking options. California’s regulations for its licensees are not super tough.

Collective 57

Collective Banking Cannabis Compliance 57

Cannabis Law Report

JUNE 14, 2019

The new 18-member committee will convene by phone and in-person bimonthly to work through ways to expand patient access, increase innovation and technology in the industry, and make recommendations to the Legislature and the Department of Health’s Office of Medical Marijuana Use to improve Florida’s medical marijuana policies and programs.

Agriculture 40

Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

SEPTEMBER 12, 2022

In 2014, under the Agricultural Improvement Act, known as the “2014 Farm Bill,” hemp under.3 3 percent THC was finally permitted to be grown again, but only on a limited basis if in conjunction with a state’s industrial hemp program, or with a license by a public university for a research pilot program.

Hemp 52

Hemp CBD Food Extraction 52

Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. THC (legal term “marijuana”) is classified as a Schedule 1 drug and is illegal under federal law for any purpose (with the exception of FDA-approved research programs) by way of the Controlled Substances Act 1970. There is very little guidance for U.K. In the U.S.,

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

JUNE 26, 2019

For those of you in the dark about Florida’s Medical Marijuana Program, I will be lighting up the dim corners of Florida: The Nation’s Fastest-Growing Medical Marijuana Market , according to The Miami New Times on May 2, 2019. Lighting Up Florida’s Medical Marijuana PEOPLE: The Front Lines. Zachary Kobrin. Eric Stevens.

Marijuana 65

Marijuana Agriculture Research and Development Education 65

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

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.

Banking 45

Banking Law Marijuana State Laws 45

Cannabis Law Report

JULY 30, 2019

All we can do is follow each respective state’s program guidelines and laws as found at NORML State Info. . In absence of another option, however, Florida must continually pass rules and make program changes. with proof of state residency such as bank statement, utility bill, etc. has Medical Cannabis innovation fever.

Marijuana 40

Marijuana Patients Edibles Programs 40

Cannabis Law Report

OCTOBER 17, 2019

Meanwhile, as of this writing, 33 US states have implemented some form of medical marijuana program. The industry in Colorado, a pioneer that began allowing recreational use in 2014, is one of the most financially successful among US states. The industry is working hard to get it passed,” Jackim reports.

Law 40

Law Seed-To-Sale Hemp Recreational 40

Cannabis Law Report

JULY 30, 2019

The informed patients, cannabis industry employees, and clinicians find it equally difficult to keep updated on Florida’s latest medical marijuana program news and changes. . A confusing amalgam of individual state programs and a pattern of national litigation and reversals litters the U.S. yearly patient qualification.

Marijuana 45

Marijuana Patients Research and Development Programs 45

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 31, 2019

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. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture.

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.

Marijuana 100

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. Round of applause for himl.

Collective 40

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. Arizona enacted S.B.

Seed-To-Sale 40

Seed-To-Sale Hemp Food CBD 40

Cannabis Law Report

OCTOBER 19, 2021

Combined with the three bills reported from the Appropriations Committee in August, the bills provide a 13 percent increase for non-defense discretionary programs and a 5 percent increase for defense programs. State, Foreign Operations, and Related Programs, 2022. Explanatory Statement. Bill Summary. Legislative Branch, 2022.

Packaging 52

Packaging Legalization Research and Development Programs 52