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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 Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance.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. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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The Week in Weed: May 22, 2020

The Blunt Truth

Senator Mitch McConnell (R-KY) criticized the cannabis banking provisions in the latest stimulus bill, while state Attorneys General wrote a letter supporting them. As everyone knows, when COVID-19 hit, Massachusetts allowed medical dispensaries to remain open. cannabis banking. And finally, you can now buy hemp at Petsmart.

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The Week in Weed: April 24, 2020

The Blunt Truth

marijuana banking. Ed Perlmutter (D-CO) is optimistic that cannabis banking could make its way into one of the next two relief packages. Because it’s hard to get money from the federal government if you have no bank account to receive it. See text of bill here. STATE ISSUES. Further bulletins as events warrant.

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The Week in Weed: March 6, 2020

The Blunt Truth

In Utah , sales began at the state’s first dispensary, located in Salt Lake City. Although recreational sales were expected to begin this month, they’ve been postponed until June. Medical marijuana made the headlines in two states this week. ” ON THE LIGHTER SIDE.

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The Week in Weed: December 20, 2019

The Blunt Truth

The big news on Capitol Hill this week was the Senate’s lack of action on the banking bill. Senator Mike Crapo (R-Idaho), the chairman of the Senate banking committee, opposes legalization and seemed disinclined to move on the issue. The Department of Agriculture has extended the comment period by 30 days to January 29, 2020.

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Cannabis Candy Co. Suit Spotlights Alter Ego Liability Theory

Canna Law Blog

The plaintiff markets its candies to licensed marijuana dispensaries throughout the state Oregon. The dispensaries, in turn, sell the candies to their customers. Since 2020, the plaintiff has done business with a set of dispensaries — the defendants — that operate under the same brand and have the same or substantially the same owners.

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Law Firm, Drummond Woodsum Report On Maine Legislature, New Rules Adopted

Cannabis Law Report

Additionally, on June 18, 2019, the Governor signed into law an emergency bill increasing the amount of marijuana and marijuana products that a caregiver may wholesale to other caregivers and dispensaries from 30% of annual yield to 75% of annual yield. In fiscal year 2023, Maine is banking on $33.2

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