Cannabis Law Report

JULY 2, 2021

The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. A new report from the Marijuana Policy Project shows that states have collected $7.9 billion in 2020 alone.

Policy 119

Policy Legislation Cannabis Legalization 119

Cannabis Law Report

AUGUST 9, 2021

A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. Agri Pulse. Texas court overturns ban on distribution, sales of smokable hemp products.

Hemp 105

Hemp CBD Legalization Edibles 105

Canna Law Blog

MARCH 9, 2019

Volatile Access to Banking. Lack of access to banking in the industry is the current norm, and it ultimately helps keep cannabis in the shadows and out of reach of full legitimacy and transparency. And the bad behavior spans a range of areas in cannabis from scamming investors to bank fraud to lying about entitlements from regulators.

Banking 82

Banking Access Cannabis Business 82

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. Martin is Managing Partner of Martin Kenney & Co. Read the full article: [link].

Banking 45

Banking Legalization Research and Development Cannabis 45

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

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

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. The struggles of failing marijuana businesses to wind down and pay creditors in an orderly fashion serve no one. These arguments went nowhere.

Marijuana 66

Marijuana Business Access Decriminalization 66

Cannabis Law Report

JUNE 14, 2019

Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Geller’s work focuses on cannabis policy development at the state and federal levels.

Agriculture 40

Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

JANUARY 17, 2020

I thought this was an interesting opportunity to be a lot more involved on the policy side.”. While city staff had been checking since 2014 to ensure at least one name remains in the application from the previous year, dispensaries have been allowed to add new names of owners, then over time, remove the names of original owners.

Dispensary 59

Dispensary Business Banking Cannabis 59

Cannabis Law Report

JUNE 26, 2019

In May 2019, Florida Commissioner of Agriculture Nikki Fried announced that a newly-created and appointed Medical Marijuana Advisory Committee of 18 doctors, lawyers, patients, industry leaders, and advocates will be implemented in order to “advance and modernize policies” to move Florida into the future of medical marijuana.

Marijuana 65

Marijuana Agriculture Research and Development Education 65

Cannabis Law Report

JANUARY 7, 2019

Few banks want to offer loans or credit to a marijuana-based enterprise due to the newness of the market and the sticky legal issues that arise when states’ rights come into play. Most of them popped into being during 2014. Securities and Exchange Commission has a hands-off policy with regards to cryptocurrency exchanges. .

Banking 40

Banking Cannabis Legalization Dispensary 40

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., licensing and permit information relating to all levels of government.

Compliance 40

Compliance Compliance Business Policy 40

Canna Law Blog

MAY 1, 2022

Back in 2014, Measure 91 afforded no consideration to social equity. These taxes are an easy sell to voters and politicians: the revenues help defray program costs, and can also be allocated to the public weal via police, schools, drug policy initiatives, etc. My home state of Oregon is an unfortunate example of this.

Supply Chain 81

Supply Chain Programs Cannabis Business 81

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

Canna Law Blog

NOVEMBER 6, 2019

For example, the NLRB has been known to go after cannabis companies engaged in hostile workplace conduct and the Department of Treasury contemplates banking services to the industry under the 2014 FinCEN guidance. At the same time, other federal agencies, like EPA , tend to ignore cannabis companies altogether.

Data 76

Data Cannabis Banking Law 76

SpeedWeed

FEBRUARY 20, 2021

The value of hiring a professional lobbyist compared to the price you pay for bad policy. The saying, “If you’re not at the table, you’re on the menu,” comes to mind when I reflect on the evolution of cannabis policy in Washington. I wish I knew… 1.

Agriculture 52

Agriculture Business Cannabis Policy 52

SpeedWeed

FEBRUARY 20, 2021

The value of hiring a professional lobbyist compared to the price you pay for bad policy. The saying, “If you’re not at the table, you’re on the menu,” comes to mind when I reflect on the evolution of cannabis policy in Washington. I wish I knew… 1.

Business 52

Business Dispensary Hemp Agriculture 52

Cannabis Law Report

JANUARY 10, 2020

Alison Felix , Senior Policy Advisor , Sam Chapman , Associate Economist , and Jordan Bass , Research Associate. Colorado, which opened recreational stores in January 2014, has the longest-running legalized marijuana market in the United States. v This coincided with changes in enforcement policy from the U.S.

Banking 59

Banking Marijuana Collective Recreational 59

Cannabis Law Report

JUNE 20, 2019

This was a truly historic vote, and is the farthest reaching action Congress has ever taken to reform outdated federal marijuana prohibition policies. Protections for state medical cannabis programs have been included in the federal budget since 2014. The amendment passed today — introduced by Rep. Earl Blumenauer (D-OR), Rep.

Programs 45

Programs Legislation Advocacy Law 45

Cannabis Law Report

SEPTEMBER 12, 2022

In 2014, under the Agricultural Improvement Act, known as the “2014 Farm Bill,” hemp under.3 While hemp was still marijuana at the federal level, filing suit was not considered an option and contracts were in danger of being voided for being contrary to federal law or public policy, despite a state legal regime for the plant.

Hemp 52

Hemp CBD Food Extraction 52

Cannabis Law Report

JUNE 23, 2021

For those shareholders of Supreme whose Supreme Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their Supreme Shares and should follow the instructions of such intermediary or nominee.

Recreational 90

Recreational Events Collective Cultivation 90

Cannabis Law Report

JULY 25, 2022

He was arrested in 2014 after police allegedly discovered a commercial-scale illegal drug lab in the Blue Mountains. “We She was a Harkness Fellow in Health Care Policy, a VicHealth Fellow in Health Promotion and an NHMRC Fellow in Suicide Prevention. He consulted with state and federal regulators to design policy and legislation.

Medicine 52

Medicine Therapy Research and Development Business 52

Cannabis Law Report

AUGUST 8, 2019

Public Policy. 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., to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. Territoriality. Rogers, a U.K.

Legalization 40

Legalization Banking Compliance Compliance 40

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

APRIL 13, 2022

The use of cannabis for medical purposes has been permitted in New York since 2014. A couple of months earlier, the House passed a bill that would allow banks to offer various financial services to cannabis businesses. New York on Cannabis. Its recreational use was legalized only recently, in March of 2021.

Business 52

Business Cannabis Law Decriminalization 52

Canna Law Blog

JANUARY 31, 2022

At a minimum, licensees are often forced to get commercial general liability policies. And given the rapid pace at which cannabis companies move and shake, they should now consider and secure those additional policies, riders, or protections that will insulate their businesses and investments from disaster.

Business 85

Business Compliance Compliance Banking 85

SpeedWeed

AUGUST 2, 2021

Interestingly, Daines is the primary Senate Republican co-sponsor of the SAFE Banking Act of 2021, federal legislation that would allow financial institutions to provide traditional banking services to state-legal cannabis businesses. Last month, Representative Tom Rice of South Carolina introduced a stand-alone bill ( H.R.

Dispensary 52

Dispensary Legislation Banking Retail 52

The Joint Blog

JUNE 3, 2020

It offers vetted data, actionable business intelligence and risk management solutions for investors, operators, researchers and policy makers interested in the cannabis space worldwide. Founded in 2014, New Frontier Data is headquartered in Washington, D.C., Founded in 2014, New Frontier Data is headquartered in Washington, D.C.,

Data 37

Data CBD Research and Development Collective 37

Cannabis Law Report

DECEMBER 1, 2019

Barr stated, “I am not going to go after companies that have relied on the Cole memorandum,” referring to the 2013 Obama administration policy of not enforcing marijuana prohibition in states where legalization has been established. “To Nevertheless, during his confirmation hearing in January 2019, Attorney General William P.

Marijuana 59

Marijuana Business State Laws DEA 59

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

NORML

JUNE 4, 2019

Since 2014, there has been a spending restriction that prevents the Department of Justice from spending one penny or paperclip to take action against state-legal medical cannabis programs. SAFE Banking. This language has been approved by multiple votes yet stripped out during the bicameral conference committees in 2014, 2015, and 2016.

Banking 225

Banking Packaging History Programs 225

The Cannigma

DECEMBER 8, 2021

In our conversation with JM, we discuss their work as Development Director for NORML, how their experiences with cancer led them to NORML, and how NORML supports its affiliate chapters that are doing grassroots work to affect public policy changes both locally and internationally. Codi Peterson: Hello, I’m Dr. Codi Peterson.

Access 81

Access Policy Patients Cannabis 81

Canna Law Blog

OCTOBER 31, 2021

280E and banking reform. Banking reform is much more likely to happen before Congress decides to mess with 280E (despite the fact that certain law firms continue to try to pull off Hail Marys in tax court litigation to eliminate or reduce the draconian effect of 280E).

Banking 98

Banking Cannabis Business Legalization 98

Canna Law Blog

FEBRUARY 17, 2023

This lack of research has made it challenging to create evidence-based policy around the legalization of marijuana and has contributed to political resistance to legalizing marijuana at the federal level. Oregon was one of the first states to legalize marijuana for adult use in 2014.

Banking 80

Banking Legalization Business Cannabis 80

Cannabis Law Report

AUGUST 24, 2019

Social network’s internal policy team elects to keep global ban on promoting pot sales or selling marijuana outright, after months of debate ,” according to Max Cheney at MarketWatch. BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019.

Banking 49

Banking Marijuana Media Patients 49

Canna Law Blog

MARCH 30, 2020

In 2018, SBA issued a Policy Statement defining “Direct Marijuana Business” and “Indirect Marijuana Business.” The Policy Statement explained that those two categories of businesses are not eligible SBA borrowers. This is not a new SBA position. The next 10 weeks are paid at 2/3 of employee’s regular wage, capped at $200/day.

Banking 68

Banking Hemp Policy Supply Chain 68

Canna Law Blog

NOVEMBER 12, 2019

To wrangle and control a new industry unlike any other is incredibly difficult and many challenging policy and legal decisions have to be made by these regulatory bodies without any assistance (or budget) from other branches of state and federal governments. Lack of access to banking. Being a cannabis regulator is no easy task.

Banking 76

Banking Cannabis Vaping Business 76