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. Bank of America Closes Account of DEA-Approved Cannabis Researcher. if enacted.

Banking 104

Banking DEA Recreational Packaging 104

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

AUGUST 12, 2021

The law directs the commission to set up rules to allow companies to apply for licenses to cultivate, produce, transport, and sell the products by Sept. a pulmonologist from Montgomery; Sam Blakemore, a pharmacist at Children’s of Alabama hospital in Birmingham; and Dwight Gamble, a bank executive from Headland. legislation in 2019.

Programs 105

Programs Seed-To-Sale Agriculture Legislation 105

Cannabis Law Report

DECEMBER 19, 2019

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. WASHINGTON – Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking.

Banking 71

Banking Legalization Safety Research and Development 71

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

JANUARY 10, 2020

Colorado, which opened recreational stores in January 2014, has the longest-running legalized marijuana market in the United States. Starting in 2020, farmers in states that have received USDA approval will be allowed to grow industrial hemp for production purposes as long as the final hemp cultivation contains less than 0.3

Banking 59

Banking Marijuana Collective Recreational 59

Canna Law Blog

NOVEMBER 13, 2020

Access to Banking. On par with 280E in terms of annoyance for cannabis companies is lack of access to banking. Despite the fact that in 2014, the Financial Crimes Enforcement Network (FinCEN) issued a memo providing guidance for banks that wanted to bank cannabis monies, many banks didn’t jump on board.

Banking 94

Banking Therapy Business Access 94

Cannabis Law Report

JANUARY 28, 2019

Hemp Crop Report Documenting Industrial Hemp Cultivation and State Legislation in the U.S. We’ve seen hemp cultivation significantly expand in the U.S. Since the passage of Section 7606 of the 2014 Farm Bill, “Legitimacy of Industrial Hemp Research,” hemp cultivation in the U.S. Vote Hemp Releases 2018 U.S.

Hemp 40

Hemp Cultivation Legislation Digestion 40

Veriheal

JUNE 17, 2020

Starting this season, the Farm Service Agency (FSA) will be able to consider applications to grow hemp “beyond the provisions of the 2014 pilot program.” Cultivators who are approved to produce hemp under the 2014 Farm Bill will continue to be eligible for FSA loan servicing assistance. Certain Requirements Must Be Met.

Hemp 52

Hemp Agriculture Banking Access 52

Cannabis Law Report

JUNE 28, 2021

Dan Roda is co-founder and CEO of Abaca, a digital financial platform connecting cannabis businesses with bank accounts, payment processing, lending, and more. While we don’t cultivate, process, or dispense it directly ourselves, we take pride in our role in improving the daily lives of those who do work with the plant directly.

Banking 66

Banking Access Hemp Business 66

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 69

Hemp Business Cultivation Banking 69

Medicinal Genomics

NOVEMBER 5, 2019

While several lawmakers and industry stakeholders celebrated the announcement , not everyone on the cultivation side is so positive. The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3% Last week the USDA issued its much-anticipated interim final rule for hemp manufacturing. New Sampling Guidelines.

THC 81

THC Hemp DEA Banking 81

Canna Law Blog

FEBRUARY 18, 2020

This hands off approach was amplified by the 2014 FinCEN guidelines , which opened the doors on cannabis banking, a huge, positive development for the industry at the time. However, way back in 2014, Congress passed on omnibus budget bill that contained hard-fought-for language around protections for state medical cannabis laws.

Business 124

Business Cannabis Law State Laws 124

Canna Law Blog

FEBRUARY 17, 2023

A few years ago I wrote a somewhat tongue-in-cheek blog post titled, “Cannabots – Are the Robots Coming For Your Weed,” which discussed the application of robotics to the cultivation of marijuana. Oregon was one of the first states to legalize marijuana for adult use in 2014.

Banking 80

Banking Legalization Business Cannabis 80

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. California state law doesn’t change or eliminate the Bank Secrecy Act or federal anti-money laundering laws and it definitely doesn’t change the Controlled Substances Act (“CSA”) (which renders cannabis illegal). ” And that’s it.

Banking 63

Banking Pets Cultivation Cannabis 63

Cannabis Law Report

JANUARY 29, 2020

The SEC subsequently halted the stock for two weeks in mid-2014 and eventually in September 2016 the two Colorado men who built the company, Scott Dittman and William Sears, were indicted on multiple charges of conspiracy to commit securities fraud, wire fraud, and mail fraud. On May 16, 2014 the SEC halted the stock. stock exchanges.

Banking 97

Banking Cannabis Hydroponic Law 97

Canna Law Blog

MARCH 22, 2019

All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”). Several state Departments of Agriculture, including Pennsylvania, Kentucky, and Wisconsin, expressed great concerns regarding testing and access to banking.

Hemp 70

Hemp Supply Chain Agriculture Banking 70

Cannabis Law Report

APRIL 14, 2022

Soon after, the company filed a federal lawsuit detailing how a sheriff’s deputy in Dickinson County stopped one of their vehicles transporting cash from licensed marijuana dispensaries to banks and credit unions, seizing more than $165,000 on Interstate 70. In response, the U.S. It remains in effect. Source [link].

Legalization 52

Legalization Dispensary Banking Law 52

Cannabis Law Report

NOVEMBER 16, 2019

In 2014 he was the recipient of the ACFE’s highest honor: the Cressey Award for life-time achievement in the detection and deterrence of fraud. federal and the UK’s national banking systems. Cannabis cultivators and retail sellers have to pay their employees and rent in cash. This is a public safety hazard. Ironically, U.S.

Banking 45

Banking Legalization Research and Development Cannabis 45

Veriheal

DECEMBER 29, 2021

Alexander Galista, Hauck and Aufhauser investment bank analyst, told CNBC that the legalization of cannabis could “generate between 3.4 For example, it is unclear whether the government aims to allow its citizens to cultivate cannabis as well as by how much they plan to tax the sales. . billion euros (±3.8 billion dollars) and 4.7

Recreational 98

Recreational Legalization Cannabis Education 98

SpeedWeed

AUGUST 23, 2021

Kerr, who served as Adelanto’s mayor from 2014 to 2018, was expected to make his initial appearance at the U.S. 29, 2016—from Person A’s real estate trust account into his bank account, and the check’s memorandum line read, “ADV XMAS FUND.”. Richard Allen Kerr, 64, of Adelanto, was taken into federal custody without incident.

Business 52

Business Dispensary Cultivation Banking 52

Cannabis Law Report

JUNE 9, 2022

Christopher Wimmer served as in-house vice president of legal at Agrify Corporation, where he provided legal advice on all aspects of this publicly traded cannabis cultivation and extraction equipment company. Adams is a licensed CPA and CMA and received a Bachelor of Business Administration in Accounting from University of Wisconsin Oshkosh.

eCommerce 52

eCommerce Cultivation Retail Business 52

Canna Law Blog

AUGUST 13, 2019

In California, a cultivator could be housed in suite one with a manufacturer in suite two and this rule would be satisfied. As a result, we don’t have fantastic access to the financial institutions under the 2014 FinCEN guidelines , so it’s still pretty difficult for cannabis businesses to secure even just bank accounts.

Banking 61

Banking Access Cultivation Cannabis 61

SpeedWeed

AUGUST 18, 2021

Richard Kerr, who served as mayor of Adelanto, California from 2014 until 2018, was taken into custody on Friday by FBI agents. A former California mayor was arrested last week after being indicted by a federal grand jury over allegations that he accepted thousands of dollars in bribes and kickbacks related to commercial marijuana activity.

Dispensary 52

Dispensary Cultivation Business Banking 52

Canna Law Blog

SEPTEMBER 21, 2022

Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. In re: Great Lakes Cultivation, LLC , No. 21-12775. These arguments went nowhere.

Marijuana 66

Marijuana Business Access Decriminalization 66

SpeedWeed

AUGUST 23, 2021

Kerr, who served as Adelanto’s mayor from 2014 to 2018, was expected to make his initial appearance at the U.S. 29, 2016—from Person A’s real estate trust account into his bank account, and the check’s memorandum line read, “ADV XMAS FUND.”. Richard Allen Kerr, 64, of Adelanto, was taken into federal custody without incident.

Agriculture 52

Agriculture Dispensary Cultivation Banking 52

Canna Law Blog

NOVEMBER 12, 2019

In California, there are multiple levels of cannabis taxation–a 15% excise tax on retail sales (on top of state and local sales tax), a varying cultivation tax depending on the type of product that enters the commercial market, and then applicable local cannabis-specific taxes and fees. Lack of access to banking.

Banking 76

Banking Cannabis Vaping Business 76

NORML

APRIL 2, 2019

NORML endorsed his reelection campaign to the House of Representatives in 2014 and his campaign for Senate in 2018. He demonstrated outspoken opposition to his state’s decision to legalize in 2014, citing that it would inspire people “to do more of what is not a healthy thing.” ” 3/20/2019. ” 3/20/2019.

Marijuana 278

Marijuana Legislation Policy Legalization 278

Cannabis Law Report

JUNE 24, 2019

The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act would allow companies to operate more freely in legal states, while the SAFE Banking Act would allow banks to accept money from state-legal businesses. The growth in the U.S. More money = more volatility. The legalization of cannabis in more U.S.

Research and Development 40

Research and Development Banking Pharmaceutical Cannabinoids 40

SpeedWeed

MARCH 6, 2021

The feedback showed 65% of cultivation employees at Best Cannabis Companies said they agreed their pay was fair for the work they perform, while that number was 59% for companies that applied but did not rank. According to Leafly, more than 35,500 Coloradans are employed by the cannabis industry, where sales began in 2014 and raked in $2.2

Legalization 52

Legalization Wellness and Beauty Cannabis Banking 52

SpeedWeed

MARCH 1, 2021

The feedback showed 65% of cultivation employees at Best Cannabis Companies said they agreed their pay was fair for the work they perform, while that number was 59% for companies that applied but did not rank. According to Leafly, more than 35,500 Coloradans are employed by the cannabis industry, where sales began in 2014 and raked in $2.2

Wellness and Beauty 52

Wellness and Beauty Banking Business Programs 52

SpeedWeed

FEBRUARY 26, 2021

The feedback showed 65% of cultivation employees at Best Cannabis Companies said they agreed their pay was fair for the work they perform, while that number was 59% for companies that applied but did not rank. According to Leafly, more than 35,500 Coloradans are employed by the cannabis industry, where sales began in 2014 and raked in $2.2

Wellness and Beauty 52

Wellness and Beauty Banking Cannabis Business 52

Cannabis Law Report

OCTOBER 19, 2021

The District legalized marijuana possession and home cultivation under a voter initiative in 2014, but Congress through the imposition of a budget rider has prevented the local government from using its resources to create a licensed and transparent commercial sales program.

Packaging 52

Packaging Legalization Research and Development Programs 52

Cannabis Law Report

OCTOBER 29, 2019

These interim rules provide long-awaited clarity, not only for farmers, but also for regulators and service providers like banks and insurance companies, who were hesitant to work with hemp-related businesses without federal guidelines. “The USDA has established a regulatory framework that will serve as an infrastructure for the U.S.

Hemp 45

Hemp Agriculture Policy Cannabinoids 45

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

SpeedWeed

MARCH 2, 2021

The feedback showed 65% of cultivation employees at Best Cannabis Companies said they agreed their pay was fair for the work they perform, while that number was 59% for companies that applied but did not rank. According to Leafly, more than 35,500 Coloradans are employed by the cannabis industry, where sales began in 2014 and raked in $2.2

Wellness and Beauty 52

Wellness and Beauty Banking Cannabis Business 52

SpeedWeed

MARCH 6, 2021

Mike Crapo (R-ID), then chair of the US Senate banking committee, indicated he was considering a 2% THC cap on cannabis products produced or sold by businesses that want secure financial services under the SAFE Banking Act, which is still in motion. In 2014, lawmakers established a THC cap at 3% or less for qualifying patients.

THC 52

THC Patients Law Chronic Pain 52