Cannabis Law Report

JULY 31, 2019

In total, 34 states, the District of Columbia and various U.S. 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. Senate Committee Holds Hearing on Cannabis Banking. Cory Gardner (R-CO) and Sen.

Banking 40

Banking Research and Development Safety Legislation 40

Canna Law Blog

FEBRUARY 18, 2020

attorneys shouldn’t really prioritize federally illegal cannabis activities in states that robustly regulated cannabis and cannabis businesses (so long as eight main enforcement priorities were honored by the states). The impact of the United States v. Cole opined in a memorandum that U.S. McIntosh cannot be overstated.

Business 124

Business Cannabis Law State Laws 124

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

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. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 69

Hemp Business Cultivation Banking 69

Canna Law Blog

MARCH 30, 2020

In most states with approved cannabis programs, both medical and adult use marijuana sales have been designated “ essential services ” by state and local governments. even if the business is legal under local or state law. For a full summary of the Paycheck Protection Program loans, go here. Nearly all U.S.

Banking 69

Banking Hemp Policy Supply Chain 69

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

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law.

Banking 64

Banking Pets Cultivation Cannabis 64

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. Bill Summary.

Packaging 52

Packaging Legalization Research and Development Programs 52

NORML

APRIL 2, 2019

NORML endorsed his reelection campaign to the House of Representatives in 2014 and his campaign for Senate in 2018. 1/4/19), SB 5131: Amends the state’s medical cannabis law so that qualified medical marijuana patients and designated providers can purchase immature plants, clones, or seeds from a licensed producer.

Marijuana 277

Marijuana Legislation Policy Legalization 277

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

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

JULY 14, 2021

Cory Booker (D-NJ) and Ron Wyden (D-OR), released draft legislation today that would remove cannabis from the schedule of controlled substances while allowing states to determine their own cannabis policies. An End to Cannabis Banking Woes? Cannabis banking has been a tricky topic to tackle in recent years. More at [link].

Legislation 71

Legislation Banking History Access 71

The NM Political Report | Medical Cannabis Program

JUNE 14, 2022

He cited a 2014 New Mexico Court of Appeals decision that workers’ compensation is required to compensate injured workers for legal medical cannabis purchases. “As Health plan coverage is a determination appropriately made by the OSI based on all applicable state laws.”

Patients 40

Patients Banking Cannabis Treatment 40

Cannabis Law Report

DECEMBER 30, 2019

Over 60 cannabis-related bills were signed into law in states across the country. This report contains a detailed summary of 2019’s federal and state legislative victories.” 2019 has been an unprecedented year for the passage of state-level marijuana law reforms. Progress on the SAFE Banking Act.

Legislation 59

Legislation Patients Access Banking 59

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. . Like the nation, Florida sits on the precipice of success in its comprehensive state medical marijuana model. . Otherwise, this state will not be moving forward fast enough, far enough. .

Marijuana 40

Marijuana Patients Edibles Programs 40

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. Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K.,

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

OCTOBER 17, 2019

States may have made it legal or decriminalized it, but federal law trumps state law, and for both medical and recreational use cannabis remains illegal.”. Meanwhile, as of this writing, 33 US states have implemented some form of medical marijuana program. Medical Legalization Continues Around the World.

Law 40

Law Seed-To-Sale Hemp Recreational 40

Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. State-compliant cannabis activity would no longer violate federal criminal law. Emphasis added). 1960), and the BSA.

Banking 45

Banking Law Marijuana State Laws 45