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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking.

Banking 80
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Louisiana Expands State Medical Marijuana Program

MassRoots

New laws expanding the medical marijuana program in Louisiana went into effect on August 1. 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.

Programs 124
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Federal Judge Denies Man’s Request To Use Medical Cannabis Due To Fact He Is On Bail For Alleged “illicit cannabis growing operation and money laundering scheme”

Cannabis Law Report

. “The order requires that defendant not use marijuana and ‘not violate federal, state, or local law,'” according to Nivison’s order. According to court documents, from about 2016 through July 2020, Randal Cousineau , 69, participated in a conspiracy to illegally cultivate and sell marijuana.

Banking 52
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American Bar Association Urges Congress To Let States Set Their Own Marijuana Policies

SMPL

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40
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Nixon Peabody on Mondaq: United States: Ethical Issues For Attorneys Providing Services To The Cannabis Industry

Cannabis Law Report

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services.

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Cannabis Laws & the Southern States

Cannabis Law Report

Arkansas also began its medical cannabis journey through a voter-approved amendment to the state constitution. The Arkansas Medical Marijuana Amendment of 2016 created the Medical Marijuana Commission to regulate Arkansas’s medical cannabis program. In 2021, more than $1.2 billion in cannabis products were sold in Florida.

Law 52
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Article – Faegre Baker Daniels: Key Considerations for U.K. Investment in the Legal Cannabis Industry Abroad

Cannabis Law Report

Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K., to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. subject to the restriction that a significant part of the underlying criminality must have taken place in the U.K.