Garvey Schubert Barer - Cannabis Business

JULY 3, 2017

FinCen reports that the number of depository institutions that are actively banking marijuana businesses increased to 368 by the end of March of 2017. This is an approximate 22% increase from the end of March 2016.

Banking 58

Banking Business Marijuana Data 58

MassRoots

AUGUST 3, 2020

The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. Federal Law: SAFE Banking Act.

Programs 124

Programs Banking Marijuana Conditions 124

Cannabis Law Report

APRIL 18, 2019

Inside the residence, agents found more than marijuana plants: pay ledgers, receipts and watering schedules written in Chinese, plus a number of suspicious bank statements and another $10,000 in cash, some of it hidden under a mattress. It was September 14, 2016. The September 2016 raids also hit five houses in South Sacramento.

Banking 55

Banking DEA Legalization Marijuana 55

NORML

JUNE 1, 2020

.” Legislators also approved HB 211 , which seeks to encourage banks and other financial institutions to provide services to state-licensed medical cannabis businesses. State lawmakers enacted a limited medical cannabis access law in 2016. All three measures now await action from Democratic Gov. John Bel Edwards.

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Access Therapy Legislation Patients 183

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

MassRoots

AUGUST 17, 2020

She echoed this statement in 2016 after being elected to congress. Harris went on to co-sponsor the SAFE Banking act — an essential piece of legislation that would allow cannabis dispensaries access to financial institutions like banks and credit unions. In 2015 her position began to soften.

Marijuana 142

Marijuana Banking Decriminalization History 142

Illinois News Joint

MARCH 1, 2023

Maribis of Springfield Grand opened in 2016 and is located at 2272 North Grand Ave. East, Grandview, Illinois. The retail store serves medical and recreational customers. Hours of operation are Monday through Sunday from 7 a.m.-9 For a live menu, click here , or check our Dispensary Directory for more information about the retail store.

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Dispensary Retail Events Food 86

The Blunt Truth

MARCH 21, 2019

Florida legalized medical marijuana in 2016, but the ban on smoking led to lawsuits. Moving west to Illinois, the topic is banking. The state’s treasurer is urging banking reform , lest medical marijuana firms collapse. The big news comes from Florida this week, as lawmakers have ended a ban on smoking medical cannabis.

Banking 69

Banking Recreational Legislation Topical 69

SpeedWeed

FEBRUARY 22, 2021

The former CEO of California cannabis delivery platform Eaze pleaded guilty to one count of conspiracy to commit bank fraud in connection with an alleged scheme to deceive banks into processing more than $100 million worth of credit and debit payments for marijuana purchases. James Patterson’s plea, reported Friday by Law360.com,

Banking 52

Banking Marijuana Business Cannabis 52

Canna Law Blog

APRIL 21, 2023

Back in 2016, I warned about pump and dumps with OTC-traded cannabis companies. In any event, no, crypto cannot and will not answer the issue of federal illegality when it comes to banking. If you’re seeing investment offers from cannabis companies claiming they can solve their banking woes with crypto, definitely think twice.

Banking 68

Banking Cannabis Business Dispensary 68

Cannabis Law Report

JANUARY 10, 2020

xi The marijuana industry experienced substantial growth in recreational sales through mid-2017, with sales doubling twice between 2014 and 2016 (Chart 2). Medical sales peaked toward the end of 2016, while recreational sales continued to rise. percent compared with the previous year. Conclusion.

Banking 59

Banking Marijuana Collective Recreational 59

NORML

APRIL 2, 2019

Current Office: Senator from Vermont 2018 NORML Congressional Scorecard Grade: A+ Sponsored Legislation: Ending Federal Marijuana Prohibition Act (2015-2016) Co-Sponsored Legislation: Marijuana Justice Act of 2017 (2017-2020), Marijuana Freedom and Opportunity Act (2017-2018). .” – 02/22/19. Bernie Sanders. March 2019.

Marijuana 277

Marijuana Legislation Policy Legalization 277

Nature's Way Medicine

APRIL 23, 2021

SAFE Banking Act Approved in Congress. Even bigger news comes in the form of the Secure and Fair Enforcement (SAFE) Banking Act, which has been approved by the House of Representatives for the fourth time. The SAFE Banking Act has been approved three times before and needs to be sent to the Senate for consideration.

Banking 82

Banking Patients Cannabis THC 82

Canna Law Blog

AUGUST 31, 2023

For a fuller analysis, check out this old chestnut from 2016. Having worked with cannabis businesses for 13 years, I view taxation as the largest affront to marijuana businesses— more than banking access, intellectual property coverage, lack of bankruptcy, you name it. This would be HUGE.

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DEA Marijuana Banking Research and Development 116

Cannabis Law Report

MARCH 17, 2022

Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily. We started in 2016 with just three shops in the Denver area and a handful of consumers. A key enhancement for consumers in the new app is the introduction of CanPay’s Direct Link banking tool.

Retail 52

Retail Banking Cannabis Dispensary 52

Veriheal

FEBRUARY 26, 2021

James Patterson, the former CEO of the cannabis delivery platform Eaze has admitted guilt in a conspiracy to commit bank fraud. The former CEO of Eaze has pled guilty to bank fraud. Between 2016-2019, over $100 million dollars worth of payments were disguised to avoid the many banking restrictions placed on the cannabis industry.

Banking 57

Banking Recreational Legislation Cannabis 57

Cannabis Law Report

OCTOBER 19, 2021

Since 2016, Local 338 has secured collective bargaining agreements with six of New York’s 10 registered medical marijuana companies , she said, and the union represents about 70% of the overall workforce — or roughly 500 employees. Local 338 is banking on that experience to entice cannabis workers throughout the emerging market.

Business 52

Business Marijuana Banking Collective 52

SpeedWeed

FEBRUARY 21, 2021

Federal prosecutors reportedly plan to charge a former CEO of California cannabis delivery platform Eaze in connection with a case accusing two businessmen of deceiving banks into processing $100 million worth of credit and debit payments for marijuana products. com first reported the case, citing federal district court records in New York.

Banking 52

Banking Retail Cannabis Marijuana 52

Canna Law Blog

DECEMBER 1, 2021

San Francisco Bank Attorneys Association – California Cannabis Law Update | Monday, December 6th at 12PM PST. California legalized commercial cannabis activity in 2016, and licensing began in January 2018. Join Harris Bricken attorney, Vince Sliwoski as he provides forecasts for state cannabis programs.

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Events Research and Development Therapy Decriminalization 81

Canna Law Blog

JULY 6, 2019

Today, we turn to Bernie Sanders, the Senator from Vermont who almost wrestled the nomination away from Hilary Clinton in 2016. We are examining each candidate’s historic approach to marijuana law and policy, and also canvas each politician’s current stances on marijuana. Last week, we covered Joe Biden. Overall Grade: A.

Marijuana 105

Marijuana Banking Legislation History 105

Canna Law Blog

JULY 6, 2019

Today, we turn to Bernie Sanders, the Senator from Vermont who almost wrestled the nomination away from Hilary Clinton in 2016. We are examining each candidate’s historic approach to marijuana law and policy, and also canvas each politician’s current stances on marijuana. Last week, we covered Joe Biden. Overall Grade: A.

Marijuana 100

Marijuana Banking Legislation History 100

Cannabis Law Report

SEPTEMBER 24, 2019

AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. The STATES Act Would Increase Public Safety by Allowing Cannabis-Related Businesses to Access the Banking System without Fear of Prosecution. September 23, 2019. WASHINGTON, D.C. – Attorney General Karl A.

Programs 59

Programs Banking Marijuana Access 59

The Blunt Truth

JULY 9, 2020

Although a similar initiative lost at the ballot box in 2016, proponents believe support for legalization is stronger now. Other measures would allow cannabis banking, marijuana sales in D.C., Smart and Safe Arizona submitted over 400,000 signatures to place a recreational marijuana measure on the November ballot. appropriations.

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Banking Legislation Marijuana Recreational 95

Cannabis Law Report

JULY 18, 2019

Senators Crapo and Graham are chairmen of the Senate Banking and Senate Judiciary committees, respectively — the two committees that have the highest chance of seeing standalone cannabis legislation in this congress. Take, for example, the SAFE Banking Act, which is expected to pass the House by a strong margin.

Banking 45

Banking Legislation Recreational Policy 45

NORML

JUNE 8, 2019

Cannabis industry lobbyists have actually confided to me that they think NJ’s increasing possession arrests (more than 32,000 per year as of 2016) help their cause. Declan O’Scanlon (R-Red Bank) was promising home cultivation for medical patients. Phil Murphy was elected in 2016. I disagree. Emphatically.

Marijuana 197

Marijuana Legalization Treatment Programs 197

SpeedWeed

AUGUST 23, 2021

29, 2016, the Adelanto City Council held a public discussion related to an ordinance, including discussion of “overlay zones” within which medical cannabis dispensaries would be located. 5, 2016, Kerr deposited a $5,000 check—dated Nov. For example, on Nov.

Business 52

Business Dispensary Cultivation Banking 52

Cannabis Law Report

MAY 17, 2019

At least five containers of potting soils (150 tonnes) and cannabis seeds (2,000kgs) entered the country last year from various seed banks of Netherlands and the Democratic Socialist Republic of Sri Lanka, an island country in South Asia.

Legislation 55

Legislation Banking Hemp Agriculture 55

WeedAdvisor

AUGUST 16, 2019

However, the provinces of Santa Fe and Chubut legalized medical marijuana in 2016. banks are skittish about dealing with the marijuana industry. banks are concerned about federal prosecution, banks in Uruguay fear international sanctions – something arguably much worse. Also, much like in the U.S., But while U.S.

Marijuana 85

Marijuana Banking Decriminalization Recreational 85

Canna Law Blog

SEPTEMBER 7, 2020

Bank loans are out. People do take existing bank-mortgaged properties and convert them for cannabis use, wagering that even if a bank gets wind of federally illegal activity it will not call the loan. Back in 2016, I wrote a blog post called “ Marijuana Property Transactions: The Curious Role of Title Companies.”

Banking 61

Banking Hybrid Cannabis Hemp 61

The Blunt Truth

JUNE 6, 2019

The Blunt Truth started in February 2016, with the slightly crazy idea that a BigLaw firm could talk about marijuana on a regular basis. The latest piece of cannabis banking (cannabanking?) news is that protections for banks serving the legal marijuana industry have made their way into a Congressional spending bill.

Banking 40

Banking DEA Food History 40

The Blunt Truth

DECEMBER 31, 2020

Senator Mitch McConnell (R-KY) objected to including cannabis banking in federal relief programs. Maine , which legalized in 2016, started sales this month. was just one of several states facing problems with signature collection. Which brought us to May. The FDA cracked down on CBD companies making bogus claims about their products.

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DEA Decriminalization Hemp Banking 109

Cannabis Law Report

JUNE 23, 2021

Outside of council chambers, Eric Mays was sentenced to jail in 2016 for impaired driving after he was found next to a disabled car, facing the wrong way on the expressway in 2013. In fall of 2019, he was on the receiving end of a threat by a city attorney who said he would “crack him across the head.”.

Banking 91

Banking Cannabis History Media 91

Canna Law Blog

AUGUST 31, 2022

Bankruptcy Court for the District of Minnesota held in 2016 in In re: Petters Co. , “Each form of veil piercing is essentially a disregard of corporate separateness.” It may also include owners treating company accounts as mere piggy banks rather than properly issuing dividends or distributions. As the U.S.

Banking 82

Banking Dispensary Business Collective 82

The Cannigma

MARCH 16, 2022

The Minority Cannabis Business Association (MCBA) has hosted the event since 2016 and for the first time in 2021, Parallel , a multi-state operator, was the sponsor. Growing a business in the cannabis industry is fraught with pitfalls, from navigating banking regulations to taxes and managing a profit and loss sheet.

Business 97

Business Events Access Environment 97

Cannabis Law Report

MAY 25, 2019

How is it that the Department of Justice will prosecute a bank that commits money laundering but not a real estate investment trust that launders money? Therefore, can a marijuana business go to a bank for a loan for an infusion of capital to expand their operations?

Banking 56

Banking Marijuana Law Business 56

Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

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Supply Chain Compliance Compliance Banking 52

Canna Law Blog

JANUARY 11, 2020

The international market is taking form and access to banking services is expanding. This was done despite a 2016 article Small published with a colleague in the journal Agronomy in which described 0.3% And for good reason: the recreational market is expanding. Hemp is legal. Public support is increasing.

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THC Hemp Supply Chain Concentrates 102