Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

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Banking Hemp Access Business 77

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships. What happened.

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Banking Compliance Compliance Policy 45

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? .

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Banking Hemp Business Agriculture 45

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications. businesses.

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Banking Safety Business History 45

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.

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Hemp Business Banking Agriculture 59

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.

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Banking Compliance Compliance Business 52

The Blunt Truth

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.

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Hemp Business Compliance Compliance 78

Veriheal

FEBRUARY 18, 2021

California is spending the money on infrastructure, and on social programs whose overall goal is to benefit all its citizens. Do note that c annabis is legal for both medical and recreational use in these states, which is part of the reason they’ve been able to use the income to put together such strong and useful programs.

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Programs Recreational Legalization Cannabis 98

Cannabis Law Report

JULY 8, 2021

Department of Energy’s National Renewable Energy Laboratory (NREL), today announced that it has selected five new startups to participate in the program. Louis, Missouri, a program partner and the world’s largest independent plant science research institute. Since joining the IN 2 program, portfolio companies have raised $1.1

Agriculture 111

Agriculture Research and Development Banking Environment 111

Veriheal

JUNE 17, 2020

The US Department of Agriculture (USDA) has even taken several steps to sync the market with its various programs and services. 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.” Certain Requirements Must Be Met.

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Hemp Agriculture Banking Access 52

The Blunt Truth

JULY 1, 2021

It looks like the legislature will meet again this summer to pass legislation to set up a medical marijuana program. The state’s Department of Health released draft rules for a medical program this week. The state’s medical cannabis program went into effect yesterday. MISSISSIPPI. NORTH CAROLINA.

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Chronic Pain Banking Legislation Programs 97

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. CStore Decisions. Farm Credit, USDA actions on lending have hemp industry concerned. Agri Pulse.

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Hemp CBD Legalization Edibles 105

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

Cannabis Law Report

JUNE 20, 2019

House of Representatives soundly approved by a 267-165 vote an amendment protects state-legal cannabis programs from interference by the U.S. territories from implementing their adult-use and medical marijuana programs. In ‘historic vote,’ US House protects state-legal cannabis programs. Department of Justice.

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Programs Legislation Advocacy Law 45

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. Most bank vaults are on a wall that abuts the exterior of the building.

Supply Chain 108

Supply Chain Dispensary Banking Business 108

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). This is the world we work in, and it does not look like full-bore legal clarity in either ecosystem will be emerging soon.

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Banking Cannabis Business Dispensary 70

Cannabis Law Report

JUNE 24, 2019

Alaska (2014). Oregon (2014). District of Columbia (2014). The fund also will provide low-interest business loans to minority owners, an important step because banks will not loan money to the cannabis industry as long as weed remains illegal at the federal level. Washington (2012). Nevada (2016). California (2016).

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Legalization Recreational Programs Banking 40

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

Cannabis Law Report

JANUARY 11, 2019

Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. Collaboration on programs such as crop and health insurance, state check-off programs, and banking programs. Grown by iconic U.S.

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Hemp Advocacy Programs Banking 45

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.

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Hemp Business Cultivation Banking 69

Cannabis Law Report

FEBRUARY 6, 2019

Thanks to the 2014 Farm Bill, pilot programs in dozens of states have demonstrated the crop’s durability and its extraordinary economic opportunity. The USHFA primary mission will include: Development of a crop insurance program for the entire hemp farming industry. Grown by iconic U.S. We need YOU in our Alliance. .

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Hemp Programs Banking Agriculture 40

Canna Law Blog

MAY 1, 2022

Unfazed by the federal leadership vacuum on cannabis, states continue to roll out cannabis proposals and programs. When a state fails to address social equity in core program architecture (and I’m not just talking expungement here), it becomes very difficult to address down the line. I list this one first because it’s so important.

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Supply Chain Programs Cannabis Business 81

Cannabis Law Report

AUGUST 21, 2019

The examiner must confirm the bank account on the CTR is the taxpayer’s, or whether the bank account belongs to an entity related to the taxpayer. The examiner must trace the transaction on the CTR to the taxpayer’s bank account. The examiner must determine the origin of the transaction. IRS Updates CTR Exams.

Banking 45

Banking Data Access Business 45

Cannabis Law Report

JANUARY 28, 2019

The report documents state-by-state progress of hemp legislation passed in 2018, reported acreage of hemp grown, identifies states with active hemp pilot farming programs and advocacy work the organization has lead over the past year leading up to the federal legalization of hemp through the signing of the 2018 Farm Bill. Hemp Crop Report.

Hemp 40

Hemp Cultivation Legislation Digestion 40

Cannabis Law Report

JUNE 24, 2019

In Africa three countries — Lesotho, South Africa and Zimbabwe — have cannabis development programs. 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.

Research and Development 40

Research and Development Banking Pharmaceutical Cannabinoids 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.

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Collective Banking Cannabis Compliance 57

SpeedWeed

MARCH 6, 2021

Many will be priced out of what patients already complain is a too expensive medical marijuana program, instead seeking out the black market.”. Such a cap would render the SAFE Banking Act all but useless, as most cannabis products contain far more than 2% THC. . Another way to prohibit cannabis. In 2019, Sen. ” RT if you agree!

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THC Patients Law Chronic Pain 52

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

MAY 4, 2019

The registration for marijuana growers and sellers did not start until the year 2014. Opioid Alternative Pilot Program. You can give anything from the list – state ID, bank statements, driver’s license, voter ID, or utility bills. So, getting the law set for medical marijuana took quite some time. Intractable Pain.

Marijuana 45

Marijuana Decriminalization Epilepsy Dispensary 45

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.

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Compliance Compliance Business Policy 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. Cameron Vance, Ph.D. Eric Stevens.

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Marijuana Agriculture Research and Development Education 65

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.

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Hemp CBD Food Extraction 52

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. Marijuana sales boomed in Colorado starting in early 2014 with the opening of the first recreational storefronts. Department of Agriculture (USDA). percent THC. percent in 2018 (Chart 7). pounds in 2017.

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Banking Marijuana Collective Recreational 59

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 Eli has overseen the development of a clinical program for addictions focused on trauma, particularly developmental trauma. Victor Chiruta is also a convicted drug cook.

Medicine 52

Medicine Therapy Research and Development Business 52

Cannabis Law Report

AUGUST 8, 2019

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. to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. In the U.S.,

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Legalization Banking Compliance Compliance 40

Canna Law Blog

APRIL 14, 2020

While all of this sounds great (although the roll out of the program has not been the smoothest), cannabis businesses and even ancillary cannabis businesses won’t see a dime of this federal financial relief. Billions of dollars in debt relief for existing business loans are also available.

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Business Banking Packaging Cannabis 62