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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. These are the highest risk businesses for banks and constitute the majority of suspicious activity report (“SAR”) filings.

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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

Guidance on banking and MRBs. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. But banks don’t really use that. I believe this system was first expounded in 2016 by Steve Kemmerling of CRB Monitor.

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American Bar Association Urges Congress To Let States Set Their Own Marijuana Policies

SMPL

The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law. The report goes on to describe how its recommendations would help resolve some of these issues.

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3 Is The Magic Number, “Three is a magic number Yes it is, it’s a magic number Somewhere in that ancient mystic trinity You’ll get three As a magic number”

Cannabis Law Report

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.

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The Hemp Standard is 0.3% THC. That Should Be Changed.

Canna Law Blog

The international market is taking form and access to banking services is expanding. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 This was done despite a 2016 article Small published with a colleague in the journal Agronomy in which described 0.3% Hemp is legal.

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Pennsylvania’s Medical Cannabis Legislation Was Recently Amended

Veriheal

The newly signed legal framework will boost medical cannabis purchase limits, as well as prolong specific policies that were imposed on a temporary basis when the coronavirus (COVID-19) health crisis initially erupted. On Wednesday, June 30, Governor Tom Wolf (D) of Pennsylvania signed medical cannabis legislation amendments into effect.

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Oregon Cannabis: 2019 Legislative Forecast and Report

Canna Law Blog

Following the 2017 session, however, the Joint Committee was dissolved, on the inclination that Salem would start treating cannabis more like a standard policy issue. Oregon Opens Its Cannabis Industry to Non-Residents (2016). Oregon Marijuana: The Banking Bill (2016). Oregon’s 2017 Cannabis Laws: The Definitive List.