Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

In a press release published by the House Committee on Appropriations on June 2, 2019, a 2020 Financial Services and General Government Funding Bill was announced. Most recently, the House Appropriations Committee approved this resolution on June 11, 2019 with a vote of 31 to 21. By: Nabil Rodriguez, Esq. & & Victor Fox*.

Banking 64

Banking State Laws Cannabis Business 64

Cannabis Law Report

AUGUST 18, 2021

OKLAHOMA CITY – Today, VICTOR NGO , 33, of Oklahoma City, and FRIENDLY MANAGEMENT GROUP, LLC (FMG) , an Oklahoma business, pleaded guilty in connection with a scheme to open a bank account under false pretenses to launder proceeds from marijuana sales, announced Acting U.S. Today, Ngo pleaded guilty to making a false statement to a bank.

Banking 98

Banking Business Marijuana Compliance 98

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications. businesses.

Banking 45

Banking Safety Business History 45

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.

Banking 52

Banking Access Business Programs 52

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate.

Banking 74

Banking Marijuana Safety Business 74

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

Banking 64

Banking Hemp Compliance Compliance 64

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. We have consistently heard from lawful hemp producers about the lack of access to financial products. Senators, Sen.

Banking 77

Banking Hemp Access Business 77

Canna Law Blog

JANUARY 16, 2019

Since late December, we’ve had many clients come to us with frustrations about the ongoing lack of access post-Farm Bill, and questions about how things will play out in 2019. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana.

Banking 72

Banking Hemp Environment Access 72

Cannabis Law Report

FEBRUARY 5, 2020

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. 1595, the Secure and Fair Enforcement Act of 2019 (SAFE Banking Act). Roadmap to cannabis banking_January 2020.

Banking 69

Banking Safety Business Cannabis 69

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

Banking 71

Banking Legislation State Laws Business 71

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. Even taxes cannot be paid electronically through a bank, forcing owners to literally hand massive amounts of cash to the IRS every year. New Legislation. .

Banking 45

Banking Business Legalization Marijuana 45

NORML

OCTOBER 15, 2019

1) Increased Access. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options. 4) US relations – border & banking.

Legalization 195

Legalization Advocacy Banking Access 195

Americans for Safe Access

NOVEMBER 2, 2020

The 2019-2020 congressional session has certainly provided some hope for the future of federal cannabis reform, with the 2019 House passage of the SAFE Banking Act ( HR 1595 ) and a 2020 vote still likely on the MORE Act (HR 3884 ) in the post-election lame duck session.

Banking 130

Banking Legislation Cannabis 130

MassRoots

AUGUST 3, 2020

Louisiana’s medical marijuana program may have been established three years ago, but patients were not granted access to medicine until August of 2019 when the first round of the product became available. Federal Law: SAFE Banking Act. The post Louisiana Expands State Medical Marijuana Program appeared first on MassRoots.

Programs 124

Programs Banking Marijuana Conditions 124

NORML

MARCH 20, 2020

That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons.

Business 335

Business Legislation Access Policy 335

NORML

FEBRUARY 22, 2019

Regulate Nationally : The Regulate Marijuana Like Alcohol Act of 2019 (HR 420) seeks to deschedule cannabis from the Controlled Substances Act, thus permitting state governments to regulate these activities as they see fit. Click here to email your lawmakers in support of access in healthcare facilities. Your Highness, Carly.

Legislation 175

Legislation Hemp Compliance Compliance 175

Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. . & Victor Fox*. economy prevents cannabis businesses from operating within a vacuum.

Banking 40

Banking Cannabis Business Safety 40

Veriheal

DECEMBER 7, 2022

Due to the plant’s illegal status, banking cannabis business revenue can be tricky. “Financial institutions providing banking services to legitimate and licensed cannabis businesses under state laws are subject to criminal prosecution under several federal statutes,” reads a statement from the office of Perlmutter.

Business 99

Business Banking Advocacy Cannabis 99

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. AR resident?

Legislation 166

Legislation Patients Access Seed-To-Sale 166

Canna Law Blog

MARCH 1, 2019

At this point, over a month into the 2019 session, a preponderance of legislators appear vaguely inclined to “let it ride” and drop the big ideas when it comes to cannabis. Let’s hope Oregon gets it right in 2019, so that cannabis consumers are treated like alcohol consumers, and patients have access to medicine without fear of job loss.

Legislation 63

Legislation Consumption Hemp Recreational 63

NORML

JANUARY 19, 2020

House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Send a message to your lawmakers in support of medical marijuana access. In 2019, a similar bill, House Bill 364, passed the state legislature but was then vetoed by Governor Sununu.

Legislation 242

Legislation Decriminalization Access Patients 242

Cannabis Law Report

FEBRUARY 14, 2020

million in tax revenue and licensing fees in 2019, far outpacing the US $1.8 This extends to banks, such as those in the Caribbean, that, as a result of their correspondent banking relationships with the US, are restricted when it comes to cannabis. Only US $2.2

Banking 59

Banking Medicine Data Cultivation 59

Cannabis Law Report

SEPTEMBER 24, 2019

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

Programs 59

Programs Banking Marijuana Access 59

NORML

JUNE 14, 2019

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities.

Legislation 144

Legislation Banking Access Hemp 144

Cannabis Law Report

DECEMBER 23, 2019

We are busy with a cross-country relocation, but we nevertheless felt compelled to make a quick comment in response to NORML’s knee-jerk December 23, 2019, post. Tell Senator Crapo that a 2% THC cap is unacceptable and that banking reform can’t wait. We agree banking reform cannot wait. Senator Crapo is not a grinch.

Banking 59

Banking Access Decriminalization Legislation 59

Cannabis Law Report

MAY 9, 2019

Wednesday, May 8, 2019. SACRAMENTO – California Attorney General Xavier Becerra, along with a bipartisan coalition of 38 Attorneys General, urged Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act to give licensed cannabis businesses access to the federal banking system.

Banking 55

Banking Safety Access Collective 55

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E. on September 9, 2021.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

SEPTEMBER 9, 2021

From the systemic history of racism in the United States, African Americans exclusion from economic opportunities leads to maximizing profits for the White elite (Hirschman, 2019). Theme 3 involved access to capital. Before the civil war, there were more cannabis farms than cotton farms (Green, 2005). Recommendations.

Policy 105

Policy Research and Development Collective Banking 105

MassRoots

FEBRUARY 11, 2019

link] — Ron Wyden (@RonWyden) February 8, 2019. It also allows legal cannabis businesses to have access to normal banking services, permits U.S. veterans access to medical marijuana, and protects the rights of Native American tribes to grow and sell marijuana on tribal land. NEW: I introduced S.420,

Legalization 111

Legalization Marijuana Legislation Policy 111

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Legislation is pending, Senate Bill 59, to expand medical cannabis access. Legislation is pending, House Bill 673 / Senate Bill 1430, to expand medical cannabis access. DE resident? HI resident?

Legislation 133

Legislation Hemp Patients Compliance 133

Veriheal

JULY 28, 2021

Okay, we have heard banks say this, so that sounds reasonable enough, right? In 2019, the Brevard County School district adopted a policy that allows students to use medical cannabis. Opioids were involved in 49,860 overdose deaths in 2019 (70.6% If students have access to medical cannabis, teachers should as well.

Education 104

Education Cannabis Policy Access 104

The Blunt Truth

FEBRUARY 21, 2019

One of the difficulties facing cannabis businesses is the lack of access to financial services. And speaking of sales, Pennsylvania’s medical cannabis program brought in $132 million in its first year. Alaska’s Credit Union 1 seeks to change that next month.

Recreational 45

Recreational Food Legislation Programs 45

Cannabis Law Report

MARCH 5, 2019

There are 58 bills pending before the California Legislature in 2019 that include the word “cannabis” or “marijuana,” which means the state’s industry could be in for another tumultuous year of big changes.

Banking 45

Banking Access Cannabis Marijuana 45

Canna Law Blog

MARCH 22, 2019

All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”). Several state Departments of Agriculture, including Pennsylvania, Kentucky, and Wisconsin, expressed great concerns regarding testing and access to banking.

Hemp 70

Hemp Supply Chain Agriculture Banking 70

NORML

MAY 31, 2019

Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis. Click here to email your governor in support of medical cannabis access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona.

Legislation 109

Legislation Access Banking Hemp 109

Cannabis Law Report

OCTOBER 4, 2021

First published in 2017, and updated in 2019, the new 2021 Women & Minorities in the Cannabis Industry , is now available for download here. Challenges to Diversity and Equity (includes data application and licensing fees, start up costs, net worth by race, banking, drug related arrests, etc). Women and Representation. “As

Data 52

Data Programs Business Banking 52

Cannabis Law Report

JULY 2, 2021

Indeed, there is a danger that federal legalization, done incorrectly, could produce outcomes even more adverse than the status quo wherein consumers and patients in states where marijuana is legal are generally able to access the marijuana they need. Florida’s medical marijuana market is primed for growth of up to $1.3

Policy 119

Policy Legislation Cannabis Legalization 119