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

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. This is a public safety hazard. Martin is Managing Partner of Martin Kenney & Co. Ironically, U.S.

Banking 45

Banking Legalization Research and Development Cannabis 45

Medicinal Genomics

NOVEMBER 5, 2019

The language in the 2014 Farm Bill classified hemp as cannabis with less than 0.3% This change shouldn’t affect most hemp farmers who have no interest in cultivating psychoactive plants; however, it does remove a safety net. Furthermore, the uppermost flower is typically the most cannabinoid-rich. Including THCA in Total THC Number.

THC 81

THC Hemp DEA Banking 81

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

JULY 2, 2021

billion in total tax revenue from marijuana since 2014 and $2.7 Protect public safety: a better approach on marijuana, Americans for Prosperity, March 2021. If major marijuana reform legislation is to be taken seriously in Congress this year, there are many aspects it must address. billion in 2020 alone.

Policy 119

Policy Legislation Cannabis Legalization 119

Canna Law Blog

JULY 30, 2019

Interestingly enough, it’s safe to say that the chaos that commenced with initial licensing under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”) has never really abated. No real banking options. California’s regulations for its licensees are not super tough.

Collective 57

Collective Banking Cannabis Compliance 57

SpeedWeed

MARCH 6, 2021

Public safety at issue. Proponents of these THC caps—who are often the same politicians who stood against legalization and lost—contend that limiting THC levels will increase public safety. Such a cap would render the SAFE Banking Act all but useless, as most cannabis products contain far more than 2% THC. . In 2019, Sen.

THC 52

THC Patients Law Chronic Pain 52

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. Even with all that official backing, cannabis dispensaries and farms face significant challenges. Early Adopters.

Banking 40

Banking Cannabis Legalization Dispensary 40

Cannabis Law Report

MARCH 9, 2019

London law firm Mackrell Turner Garrett, together with a leading food and trading standards barrister, were instructed by the Cannabis Trades Association UK (CTA) to make representations to the European Food Safety Authority (EFSA).

CBD 87

CBD Food Seed-To-Sale Extraction 87

Cannabis Law Report

JUNE 14, 2019

From affordability to accessibility and safety, we have a moral obligation to act in the best interest of Florida’s patients, and to improve and build progress on our state’s current medical marijuana policies to best deliver this important medicine – and the medical marijuana advisory committee will help us deliver,” said Fried.

Agriculture 40

Agriculture Marijuana Research and Development Policy 40

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.

Banking 59

Banking Marijuana Collective Recreational 59

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. . To continue to do nothing to protect public safety would be negligence.”. Feb 13, 2019 .

Banking 61

Banking Packaging Safety Business 61

Cannabis Law Report

JUNE 26, 2019

Stevens worked to legalize medical marijuana in Massachusetts before helping to lead the 2014 and 2016 efforts to legalize medical marijuana in Florida. Since 2014, she has worked tirelessly to advocate, educate, and raise awareness about medical cannabis and its therapeutic medicinal use over standard pharmaceuticals. Eric Stevens.

Marijuana 65

Marijuana Agriculture Research and Development Education 65

SpeedWeed

MARCH 7, 2021

And then, as those western states matured a little bit and then some events started happening for exhibits and the like, we sent a couple of people to scope it out back in around 2014 and 2015. Is it cost savings, increased sales, less waste, safety, all the above? ‍ Mark Diener : Yeah, that’s a good point, Ed.

Extraction 52

Extraction Data Hemp Research and Development 52

Canna Law Blog

SEPTEMBER 6, 2020

In fact, there’s not even a gubernatorial budget trailer bill catch all this year, which normally would accomplish some major and much needed legal changes to and technical fixes to the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”). This Assembly Bill addresses cannabis banking on the state level.

Banking 63

Banking Pets Cultivation Cannabis 63

Cannabis Law Report

MAY 17, 2019

Agricultural Act of 2014, 7 U.S. The Farm Bill also removes major hurdles impeding hemp cultivators’ ability to run successful, profitable businesses including accessing insurance and banking, finding adequate harvesting equipment and processors, and moving hemp biomass or finished products between states. containing less than 0.3%

Food 10

Food DEA Hemp CBD 10

Canna Law Blog

AUGUST 13, 2019

So many proposed leases reviewed by our California cannabis attorneys completely miss the fact that before a tenant can secure a state license they must first secure local authorization from their city or county under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA”).

Banking 61

Banking Access Cultivation Cannabis 61

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. Requests feedback on potential changes to address public health and safety issues. I also do not support the SAFE Banking Act that passed in the House of Representatives. .

Banking 71

Banking Legalization Safety Research and Development 71

Cannabis Law Report

DECEMBER 1, 2019

1595 [the Secure And Fair Enforcement (SAFE) Banking Act of 2019] was introduced to increase public safety by expanding financial services to marijuana-related legitimate businesses and service providers and reducing the amount of cash at such businesses. To date, this audit requirement is still in effect. Cost of goods sold.

Marijuana 59

Marijuana Business State Laws DEA 59

Canna Law Blog

FEBRUARY 17, 2023

Oregon was one of the first states to legalize marijuana for adult use in 2014. The illicit market not only undermines the legal market but also poses public health and safety risks as the products sold on the black market are often untested and potentially dangerous.

Banking 80

Banking Legalization Business Cannabis 80

Canna Law Blog

NOVEMBER 12, 2019

64 and the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MACURSA”) through into actual law, and cities and counties have inherent police powers anyway to ensure the protection of the health and well-being of their citizens. Lack of access to banking.

Banking 76

Banking Cannabis Vaping Business 76

The Cannigma

DECEMBER 8, 2021

We’re often that lone voice over on the corner, looking out for consumers, looking out for their rights and for their safety. There are tons of other bills moving through Congress as well, bills that relate to veteran’s access to cannabis, bills that deal with safe banking for the cannabis industry, and the safe banking app.

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Access Policy Patients Cannabis 81

Cannabis Law Report

MARCH 25, 2019

iii] Deputy Attorney General James Cole summarized cannabis related financial crimes in a February 14, 2014 memorandum: “The provisions of the money laundering statutes, the unlicensed money remitter statute, and the Bank Secrecy Act (BSA) remain in effect with respect to marijuana-related conduct. 1960), and the BSA.

Banking 45

Banking Law Marijuana State Laws 45

Canna Law Blog

DECEMBER 9, 2021

The hopes for better and increased marijuana banking, which were tied up in the Secure and Fair Enforcement ( SAFE ) Banking Act (a serious and common sense federal marijuana banking bill), are currently dashed since the SAFE Banking Act has been left out of the Senate’s changes to the National Defense Authorization Act (“ NDAA “).

Banking 86

Banking Marijuana Business Access 86

Cannabis Law Report

JUNE 4, 2021

He is the founder of Apeiron Investment Group, his family office and merchant banking business. In 2014, Bartch co-founded Cannabase.io, the USA’s most significant legal and sophisticated cannabis wholesale platform. Lucia started her career advising pharmaceutical companies in investment banking. and Canadian markets.

Research and Development 51

Research and Development Medicine Treatment Pharmaceutical 51

Canna Law Blog

OCTOBER 17, 2022

And we both agree that this Congress will likely do nothing at all (just look at what’s happened with the SAFE Banking Act , for one sorry example). What is the Kansas City Federal Reserve Bank? The KC Fed is one of 12 banks in the Federal Reserve System. let alone talked about legalizing it.

Legalization 90

Legalization Banking Research and Development Policy 90

Cannabis Law Report

OCTOBER 17, 2019

Many of these are meant to address public safety risks, especially for young people. The industry in Colorado, a pioneer that began allowing recreational use in 2014, is one of the most financially successful among US states. alcoholic beverages, caffeine, and tobacco). Court cases also result in changes to the law over time.

Law 40

Law Seed-To-Sale Hemp Recreational 40

Cannabis Law Report

JULY 31, 2019

With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking. The hearing examined concerns raised by the cannabis industry because of the lack of access to banking infrastructure on the federal level.

Banking 40

Banking Research and Development Safety Legislation 40

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 14, 2021

“Closing the door on broadly supported incremental reforms like the SAFE Banking Act while the Senate seeks compromise on farther-reaching bills hurts the possibilities for consensus and ignores the very real needs of small business operators who have repeatedly said that access to banking services and traditional lending is an existential issue.

Legislation 71

Legislation Banking History Access 71

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

Cannabis Law Report

AUGUST 12, 2019

Senate Schedules Hearing On Marijuana Business Banking Access : “In one of the clearest signs of marijuana reform’s growing momentum on Capitol Hill, a Republican-controlled Senate committee has scheduled a hearing for next week that will examine cannabis businesses’ lack of access to banking services.”

Marijuana 40

Marijuana Dispensary Programs Patients 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. The state taxes medical cannabis sales at 2.9

Seed-To-Sale 40

Seed-To-Sale Hemp Food CBD 40

Cannabis Law Report

DECEMBER 30, 2019

If Nasdaq.com are re-distributing a Motely Fool piece on the state of cannabis banking then we’d suggest it is probably worth heeding what’s being said. This has led some pot companies to deal strictly in cash, which is a growth inhibitor and a safety concern. Here’s the piece.

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Banking Business Cannabis THC 64