Cannabis Law Report

NOVEMBER 7, 2019

A press release issued by Folium April 3, 2019 said Dowty had served as a strategic advisor to create Folium Finance, a collection of financial products and services designed as a new means for cannabis start-ups to get banking services from non-traditional banks. The email did promise Folium would work on safety conditions for staff.

Hemp 104

Hemp Research and Development Banking CBD 104

CannaMD

APRIL 15, 2020

Because many of these patients are among our more vulnerable populations, it is essential that they maintain uninterrupted, regulated access to lab-tested products during this time. Allow State-Legal Business Access To Banking Services. There are several million state-licensed medical cannabis patients in America.

Policy 55

Policy Patients Dispensary Banking 55

Cannabis Law Report

JUNE 28, 2022

While hemp derivatives are lawful under the 2018 Farm Bill, they are not yet regulated by the Food and Drug Administration (FDA). California has had marijuana delivery for quite a few years at this point, and these licenses carry with them very strict protocols and standards to ensure strict compliance and public safety.

Legalization 52

Legalization Supply Chain Hemp Cannabis 52

WeedAdvisor

AUGUST 31, 2019

until December of 2018, it did not discourage companies from pulling the same stunt across the ocean. Although it might be possible for medical patients in certain countries to access marijuana-derived CBD, the vast majority of the population relies on the “supplement” variety. Like in the U.S., Like in the U.S., billion ($1.64

CBD 45

CBD Compliance Compliance THC 45

SpeedWeed

FEBRUARY 19, 2021

Recognizing this, Cuomo is amending his proposal to allow for the permitting of delivery services as a way to open up access to this new industry even further so more New Yorkers can participate as it grows. As part of this, local governments would have the opportunity to opt-out of delivery services occurring within their jurisdiction.

Programs 40

Programs Legislation Decriminalization Safety 40

SpeedWeed

FEBRUARY 18, 2021

Recognizing this, Cuomo is amending his proposal to allow for the permitting of delivery services as a way to open up access to this new industry even further so more New Yorkers can participate as it grows. As part of this, local governments would have the opportunity to opt-out of delivery services occurring within their jurisdiction.

Media 52

Media Decriminalization Safety Research and Development 52

Canna Law Blog

MARCH 1, 2019

The 2018 short session therefore saw comparatively limited action, consisting principally of a non-emergency gut-and-stuff marijuana bill, and an omnibus hemp bill to build out that program. Some of these laws will arise out of necessity (such as to accommodate the 2018 Farm Bill ). Oregon Marijuana: The Banking Bill (2016).

Legislation 63

Legislation Consumption Hemp Recreational 63

Cannabis Law Report

JUNE 25, 2021

On 17 October 2018, the federal government enacted the Cannabis Act, which resulted in the legalisation of recreational-use cannabis across Canada. the Cannabis Regulations (SOR/2018-144). The province has also enacted the following regulations: Ontario Regulation 30/18; Regulations to Cannabis Licence Act, 2018; and.

Cannabinoids 91

Cannabinoids Edibles Retail Cannabis 91

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. They’re looking for convenience.”.

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. They’re looking for convenience.”.

Cultivation 52

Cultivation Legislation Dispensary Packaging 52

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. They’re looking for convenience.”.

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

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. They’re looking for convenience.”.

Dispensary 52

Dispensary Packaging Terpenes Consumption 52

Cannabis Law Report

JANUARY 10, 2020

However, the strong growth of marijuana sales and new business entrants began to slow in 2017 and 2018, suggesting the industry may be moving into a more mature stage of development. Industrial hemp remained illegal federally until late 2018, when the 2018 Farm Bill legalized it with regulation and oversight from the U.S.

Banking 59

Banking Marijuana Collective Recreational 59

Cannabis Law Report

JUNE 26, 2019

” She further directly advises that cannabis, or marijuana, is a medicine that an overwhelming majority of Floridians voted for and are constitutionally guaranteed access to as a therapeutic medicine. Antoinette Duncan. Duncan is the President and CEO of Duncan Life Sciences. 15, Peter Barsoom.

Marijuana 65

Marijuana Agriculture Research and Development Education 65

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

MAY 17, 2019

billion in 2018 domestic sales and, after the Agriculture Improvement Act of 2018 (“Farm Bill”) removed them from the Controlled Substance Act, 21 U.S.C. §§ 801, Et. ’s largest CBD firms achieved record Q3 2018 revenues including: $17.7 million by Charlotte’s Web (maker of products sold in 3,000 U.S.

Food 10

Food DEA Hemp CBD 10

Sensi Seeds

NOVEMBER 28, 2018

All of these companies, the seeds banks, cultivators, manufacturers, grow shops, distributors, and online vendors operate in a grey market that permits them to sell their products as long as they follow some rules. In August 2018, reports of shops being raided and CBD product confiscated began to circulate on Twitter.

CBD 71

CBD Seed-To-Sale Food Research and Development 71

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

AUGUST 30, 2019

Since the passage of the 2018 Farm Bill, industrial hemp production has increased by 368 percent among US farmers as demand for CBP products has drastically risen. The SAFE Banking Act (H.R. Nevada Governor Steve Sisolak (D) signed into law new legislation aimed at addressing the cannabis industries’ banking woes.

Banking 45

Banking Research and Development Legislation Programs 45

The Cannigma

MARCH 2, 2022

Hear the tale of how Anthony came to work in the cannabis space, telling the stories of cannabis brands and making them accessible to non-users. The reason I wanted to speak to him on the podcast is because the we work together on creating the stock photo bank for The Cannigma. I think it was 2018, 2017 or something.

Wellness and Beauty 52

Wellness and Beauty Cannabis Media Patients 52

SpeedWeed

FEBRUARY 24, 2021

As we look back three years to see how the market has changed – so 2018 and of ‘19 and ‘20. This is a great idea, talk to our bank. So that’s when the phone calls to the lawyers began and then vetting different banks and finding out how everybody else was doing it in industry. They were up about 1900 versus 1300 for Oklahoma.

Banking 52

Banking Research and Development Data Media 52

Cannabis Law Report

OCTOBER 22, 2019

Federal law covers cannabis law with a suffocating heavy gloss due to the consequences of federal criminal law, the Controlled Substances Act [“CSA”], [1] the Bank Secrecy Act , and IRC §280E. The vaping crisis and the 2018 Farm Bill add other complications at the federal level for advisors.

Legalization 45

Legalization Business Collective Cultivation 45

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

Banking 40

Banking Hemp Safety Business 40

Canna Law Blog

MAY 13, 2022

The SAFE Banking Act has languished in Congress since early 2017, a victim of political gridlock and division, as well as political wrangling over broad approaches to cannabis legalization. We last covered the SAFE Banking Act in February , when it looked as though 2022 would be the sixth year in which this bill would die.

Banking 91

Banking Legislation Safety Decriminalization 91

Canna Law Blog

FEBRUARY 17, 2023

For example, in 2018, a group of marijuana businesses sued the state of Washington, arguing that the state’s advertising restrictions violated their First Amendment rights. Disputes can arise when businesses are accused of violating these regulations or when they challenge the legality of certain regulations.

Banking 88

Banking Business Legalization Cannabis 88

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not. There’s also lots of state news. ” sba loans.

Banking 106

Banking Research and Development Programs Advocacy 106

Canna Law Blog

NOVEMBER 12, 2019

California is at that crossroads and has been almost from the outset of the first issuances of cannabis licenses back in January 2018. And with too few licenses comes lack of access for consumers and the growth and continued operation of illegal operators. Lack of access to banking.

Banking 80

Banking Cannabis Vaping Business 80

Cannabis Law Report

AUGUST 24, 2019

From banking reform to labeling, state legislators are set to mull over at least five bills directly impacting the $2.5 Secure and Fair Enforcement (SAFE) Banking Act, which would shield banks from federal prosecution as long as the cannabis businesses that they serve are compliant with the state laws where they operate.

Banking 45

Banking Supply Chain Food Business 45

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). State prohibition is OK.

DEA 94

DEA Business Banking Food 94

Meadow

DECEMBER 24, 2017

That’s not going to be a state legal business model come January 2018. Your collective defense, if you’re staying medical, your collective defense can help keep you out of jail for 2018. One part of the Type 9 creation that’s important is it’s exempt from the public access provisions. Lastly, and this I talked about previously.

Packaging 40

Packaging Retail Edibles Wellness and Beauty 40

Cannabis Law Report

MARCH 25, 2019

The present administration through Attorney General Sessions revoked the Cole Memo in January 2018 [iv]. iv] In a January 4, 2018 memorandum regarding cannabis enforcement, U.S. The politics relating to rescheduling through administrative processes are unfavorable. It was not a policy priority of the Obama administration. 3032 and H.R.

Banking 45

Banking Law Marijuana State Laws 45

Cannabis Law Report

SEPTEMBER 22, 2019

Knowing Your Rights , provided by the national medical cannabis advocacy organization Americans for Safe Access, admonishes current cannabis consumers: Medical cannabis patients and their providers are vulnerable to federal and state raids, arrest, prosecution, and incarceration. PERSONAL RIGHTS. ” EMPLOYMENT RIGHTS.

Cannabis 45

Cannabis Access Patients Legalization 45

Cannabis Law Report

SEPTEMBER 19, 2019

From where I am sitting, however, it seems highly unlikely that the same grey-haired Congress that hasn’t yet managed to pull it together on a simple banking bill is all of a sudden going to rise up and legalize the leaf nationwide as its Christmas gift to the nation. ” In October 2018, the U.S. hemp and marijuana.

Vaping 55

Vaping Hemp Education Patients 55

Cannabis Law Report

JUNE 4, 2021

He is the founder of Apeiron Investment Group, his family office and merchant banking business. Previously, he worked in a senior role at a Canadian Investment Bank and in private equity in Vancouver, London and Toronto. Lucia started her career advising pharmaceutical companies in investment banking. Ingmar Gorman.

Research and Development 51

Research and Development Medicine Treatment Pharmaceutical 51

Cannabis Law Report

OCTOBER 17, 2019

billion in 2018, and with a compound annual growth rate of 23.9%, is predicted to reach $66.3 Another researcher, New Frontier Data, pegged the global value of legal and illicit cannabis together at $340 billion in 2018. Many of these are meant to address public safety risks, especially for young people. plants with.3%

Law 40

Law Seed-To-Sale Hemp Recreational 40

NORML

MARCH 28, 2019

In the first of what is anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595 , 45-15. So I would urge all of my colleagues so support H.R.

Banking 279

Banking Marijuana Policy Safety 279

Cannabis Law Report

AUGUST 5, 2021

There will also be a role for the Treasury and the Consumer Product Safety Commission. There are no provisions on banking, but making cannabis legal should remove money laundering issues. The fate of the SAFE Banking Act to enhance banking access for cannabis companies, which Sen. SAFE Banking.

Banking 111

Banking Vaping Education DEA 111