Cannabis Law Report

JULY 22, 2021

Solomon has held a senior role with OSS since corporate inception in 2017 and looks forward to shepherding the Company through its strategic growth and key initiatives. As Solomon begins his new role as CEO, previous managing partner Robert Simpson will be moving into an advisory role on the Company’s Board.

Banking 105

Banking Compliance Compliance Programs 105

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.

Banking 52

Banking Compliance Compliance Business 52

MJ Business Attorneys

JUNE 20, 2018

With the fear of federal asset forfeiture in conjunction with the current banking laws, lenders and investors have been severely hindered in their ability to work with marijuana businesses. It is important that marijuana industry operators know the laws of their state, and achieve and maintain strict-compliance.

Banking 100

Banking Compliance Compliance Marijuana 100

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

JUNE 14, 2021

Padgett was arrested in August on charges of writing two checks for $350,000 and $50,000, with prosecutors saying he had insufficient funds in his bank account to cover the amounts. In July, the Nevada Cannabis Compliance Board voted to strip more than a dozen licenses from the business plagued with accusations of fraud and unpaid taxes.

Law 103

Law Banking Compliance Compliance 103

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

Supply Chain 52

Supply Chain Compliance Compliance Banking 52

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

JULY 15, 2021

Repeal of 280E was estimated in 2017 to lower federal receipts as much as $5 billion over 10 years according to the Joint Committee on Taxation (JCT). In 2021, with significantly more businesses than in 2017, that number is likely to be higher.

Compliance 105

Compliance Compliance THC Retail 105

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

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 Chronicles

MARCH 26, 2019

But without the license, he said he couldn’t get a business bank account and retailers didn’t want to deal in cash. Camp said he didn’t try to conceal anything from the Washington State Liquor and Cannabis Board and resolved his banking issues after getting the license. Compliance and cooperation.

Marijuana 100

Marijuana Legislation Compliance Compliance 100

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

WeedAdvisor

AUGUST 16, 2019

In 2017, the government approved the medical use of non-intoxicating CBD oil. 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

SpeedWeed

APRIL 21, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

Cannabis Law Report

FEBRUARY 3, 2020

Russell, a 60-year-old Duvall resident, is accused of using Green Acre Pharms in an elaborate Ponzi scheme that, from 2015 to 2017, took in $4.85 The SEC’s complaint alleges that between August 2015 and December 2017, Griffithe, of California, used Renewable Technologies Solution, Inc., Securities and Exchange Commission.

Cannabis 86

Cannabis Business Recreational Banking 86

Cannabis Law Report

MAY 13, 2019

These days, the industry in Nevada faces some steep challenges, including the lack of banking services and some serious questions — raised in numerous lawsuits — that the state’s process for distributing conditional licenses was unfair. Cannabis Compliance Board: At a budget committee meeting last month, Sisolak’s chief counsel J.

Legislation 58

Legislation Banking Consumption Conditions 58

SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. Press the Play button below to listen to the podcast. ? Kevin Hart: It serves me well once in a while.

Banking 52

Banking Seed-To-Sale Supply Chain Compliance 52

SpeedWeed

APRIL 21, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

Banking 52

Banking Legislation Safety Access 52

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Helping motor more than $17.5 Billion in U.S.

Dispensary 52

Dispensary Banking Legislation Safety 52

NORML

MAY 17, 2019

Click here to email your lawmakers in support of banking access. Similar legislation in 2017 was voted out of Committee but then stalled as lawmakers elected to approve a resolution establishing a marijuana legalization task force, of which Delaware NORRML Director Cyn Ferguson was appointed to. CA resident? MO resident? NH resident?

Legislation 131

Legislation Hemp Compliance Compliance 131

SpeedWeed

MAY 14, 2021

The 14-page legislation isn’t as long-winded but puts the removal of cannabis as a controlled substance, banking protection, reform for veterans and mandated NIH studies at the forefront. House member, Dana Rohrabacher, a Republican from California, launched the Congressional Cannabis Caucus in 2017 with fellow Reps. A former U.S.

Decriminalization 52

Decriminalization Legislation Banking Policy 52

SpeedWeed

MAY 13, 2021

The 14-page legislation isn’t as long-winded but puts the removal of cannabis as a controlled substance, banking protection, reform for veterans and mandated NIH studies at the forefront. House member, Dana Rohrabacher, a Republican from California, launched the Congressional Cannabis Caucus in 2017 with fellow Reps. A former U.S.

Legislation 52

Legislation Banking Policy Advocacy 52

SpeedWeed

JULY 21, 2021

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. We saw an immediate impact,” Wiegand said. “We

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

SpeedWeed

JULY 21, 2021

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. We saw an immediate impact,” Wiegand said. “We

Cultivation 52

Cultivation Legislation Dispensary Packaging 52

Cannabis Law Report

NOVEMBER 7, 2019

Colorado has long been regarded one of the the US’s better state markets for efficient compliance and good regulatory management by state and local authorities. This, we have learned, happened regularly throughout 2017 and 2018. Teri Buhl reports. The email did promise Folium would work on safety conditions for staff.

Hemp 104

Hemp Research and Development Banking CBD 104

Cannabis Law Report

AUGUST 24, 2019

BANKING: The growth? The Republican-controlled US Senate hosted a hearing on cannabis banking on July 23, 2019. In Who’s Now Lobbying on the SAFE Banking Act? ” BANKING: The setbacks? . ” Returning to the issue of credit unions and cannabis banking.

Banking 49

Banking Marijuana Media Patients 49

SpeedWeed

JULY 22, 2021

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. We saw an immediate impact,” Wiegand said. “We

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

Cannabis Law Report

MARCH 19, 2020

In 2017, a Mumbai-based medical research startup, Bombay Hemp Company Pvt. Any deployment of private equity in the cannabis industry requires a serious consideration of business, banking, legal, financial, taxation, securities, and regulatory issues in the relevant jurisdictions.

Legalization 59

Legalization Banking Research and Development Nerve Pain 59

Cannabis Law Report

MARCH 17, 2020

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. Compliance program.

Compliance 59

Compliance Compliance State Laws Law 59

Cannabis Law Report

SEPTEMBER 1, 2021

Federal law requires that taxpayers must report income from illegal sources – including cannabis sales (whether state sanctioned or not) – raising numerous tax compliance and design issues. The lawful cannabis industry faces numerous regulatory hurdles that makes even good-faith compliance with the law a challenge. Introduction.

Policy 100

Policy Cannabis Treatment Law 100

SpeedWeed

JULY 28, 2021

From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. We saw an immediate impact,” Wiegand said. “We

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

Cannabis Law Report

DECEMBER 21, 2019

Victoria Naifeh from the Colorado division of the Department of Labor and Employment was the lead compliance investigator on the case at the time. The Colorado EEOC took a year to bring the case forward and in 2017 Folium countered the complaint claiming she was fired for lack of performance, not being a team player, and violating their NDA.

Hemp 94

Hemp Seed-To-Sale Extraction THC 94

Cannabis Law Report

MARCH 29, 2019

An-Chi Tsou is the principal at Tsou Consulting, LLC, specializing in state and local regulatory and legislative compliance, guidance, and advocacy. The committee has covered issues that are out of the state’s control like banking, but there is plenty of room for discussion on other controversial issues. Authored By: An-Chi Tsou.

Law 45

Law Policy Programs Topical 45

Connor & Connor PLLC

AUGUST 30, 2018

2017-2011. The IRS uses a variety of indirect methods of proof including: the bank deposits analysis (most common), net worth analysis, cash-t analysis, and the mark-up method. If a bank account exists is all of the cash deposited into the bank account? Commissioner , T.C.

Business 49

Business Marijuana Banking Collective 49

Connor & Connor PLLC

NOVEMBER 27, 2019

billion markets in 2017 to an estimated $47.3 Proof of licensure with the applicable local government authority or a letter from the applicable local governmental authority certifying that the proposed medical marijuana establishment is in compliance with those restrictions and satisfies all applicable building requirements.

Dispensary 69

Dispensary Retail Recreational Business 69