SpeedWeed

MARCH 21, 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

SEPTEMBER 18, 2019

According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law.

Banking 45

Banking Dispensary Legislation State Laws 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

Cannabis Law Report

FEBRUARY 14, 2020

Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor. We are a bipartisan group, with operations spread across the United States.

Banking 59

Banking Safety Environment Business 59

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

NORML

APRIL 5, 2019

Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of expanded medical access. Under state law, adults face civil penalties for minor marijuana possession offenses.

Legislation 185

Legislation Banking Hemp Compliance 185

MJ Business Attorneys

JUNE 20, 2018

” Although twenty-nine states have enacted laws permitting the use of medical marijuana, and nine states have legalized recreational marijuana use for adults, the clash with federal policy on cannabis has been a nightmare for marijuana businesses.

Banking 100

Banking Compliance Compliance Marijuana 100

Cannabis Law Report

DECEMBER 4, 2021

Passing the Secure and Fair Enforcement (SAFE) Banking Act through NDAA “would support a rapidly growing industry that creates jobs, supports small businesses, and raises revenue in states that have chosen to legalize cannabis, while reducing safety risks,” the letter goes on to say, . “The In a letter published one day later, Sens.

Banking 52

Banking Safety Compliance Compliance 52

NORML

FEBRUARY 22, 2019

Legislation is pending, House Bill 2149, to amend the definition of “cannabis” under the 2010 voter-approved medical marijuana law. Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. AZ resident? CA resident?

Legislation 176

Legislation Hemp Compliance Compliance 176

Cannabis Law Report

NOVEMBER 12, 2019

Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. Banks face four significant challenges when servicing the cannabis industry, according to a California state-backed report.

Banking 45

Banking Supply Chain Seed-To-Sale Data 45

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

Banking 77

Banking Hemp Business Cannabis 77

NORML

JUNE 23, 2019

Governor Kate Brown (D) signed legislation into law to to automatically conduct a review of past misdemeanor cannabis convictions, and to “set aside” offenses that are no longer a crime under state law. Click here to email your lawmakers in support of medical cannabis access at school. CA resident? Update : S.

Legislation 184

Legislation Hemp Decriminalization Agriculture 184

Canna Law Blog

FEBRUARY 9, 2022

Cannabis, psychedelics, and banks. In fact, the feds haven’t even taken a clear position one way or another on whether or how they will enforce the Controlled Substances Act (CSA) in states that legalize psilocybin. There is just no way that financial institutions will bank psilocybin funds for the time being. Think again.

Business 80

Business Banking Compliance Compliance 80

Cannabis Law Report

JULY 31, 2019

Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. As of today, a majority of states and U.S. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Jeff Merkley (D-OR).

Banking 40

Banking Research and Development Safety Legislation 40

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. House Judiciary Committee.

Legislation 164

Legislation Decriminalization Hemp Patients 164

NORML

MAY 24, 2019

Legislation that would have significantly expanded patient access to medical cannabis in Rhode Island was held in a senate committee for further study, ultimately killing the bill. Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis.

Legislation 165

Legislation Hemp Access Patients 165

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 110

Legislation Access Banking Hemp 110

Cannabis Law Report

APRIL 5, 2019

Opportunities for Marijuana Establishments to Access Financial Services: Recent Advancements at the State and Federal Level. The result is that these businesses are cash-only businesses whose only access to capital is through private-equity. Authored By: Hannah King. Proposed Legislation in Maine.

Access 45

Access Marijuana Legislation Education 45

Canna Law Blog

MARCH 20, 2023

Why aren’t banks more involved? Despite adoption by a growing number of states, marijuana is (still) federally illegal. Federal laws preventing money laundering and other financial crimes create regulatory hurdles so significant for most major banks to service cannabis businesses that it just isn’t worth the compliance burden.

Business 74

Business Banking Compliance Compliance 74

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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 134

Legislation Hemp Patients Compliance 134

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

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of medical cannabis access at school. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of medical cannabis access in healthcare facilities.

Legislation 108

Legislation Access Decriminalization Patients 108

NewsMunchies

DECEMBER 22, 2021

Most Americans have access to either medical or adult-use cannabis under state laws. Since 2012, 18 states and Washington, D.C., have legalized adult-use marijuana, while 37 states have legalized medical marijuana. At present, the state allows marijuana use only for medical reasons.

Law 89

Law Marijuana DEA Legalization 89

NORML

APRIL 26, 2019

At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. House Bill 243, as well as Senate Bill 236, would provide registered patients with regulated access to medical cannabis via licensed providers. AL resident?

Legislation 144

Legislation Compliance Compliance Hemp 144

Canna Law Blog

FEBRUARY 17, 2023

Employment Law Disputes: The legalization of marijuana has created unique challenges for employers who have to balance state laws that allow marijuana use with federal laws that still prohibit it. As a result, there has been an increase in employment law disputes, such as wrongful termination or discrimination claims.

Banking 81

Banking Legalization Business Cannabis 81

Canna Law Blog

DECEMBER 23, 2021

This includes promulgation of cannabis tax guidelines as well as webinars and public forums dedicated to tax compliance for marijuana businesses (together, the “Guidelines”). Specifically, the Guidelines recognize the challenges faced by the cannabis industry in gaining access to banking services.

Compliance 83

Compliance Compliance Business Cannabis 83

Cannabis Law Report

JUNE 11, 2021

Cannabis cannot be lawfully prescribed by physicians; physicians can only “recommend” its use to patients based on individual state laws that identify who qualifies as a patient for its use. Cannabis faces an overall lack of access to financial institutions as well as IRC 280E, and ketamine certainly does not.

Law 104

Law Compliance Compliance DEA 104

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

NORML

FEBRUARY 8, 2019

Senator Ron Wyden introduced legislation in the Senate — The Marijuana Revenue and Regulation Act — to permit states to establish their own marijuana regulatory policies free from federal interference. House Financial Services Committee is scheduled to hold a hearing on cannabis business banking issues next week.

Legislation 172

Legislation Decriminalization Patients Access 172

NORML

APRIL 20, 2019

Click here to email your lawmakers in support of banking access. Legislation is pending, Senate Bill 19-220, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. CA resident? Click here to email your lawmakers in support of cannabis delivery services.

Legislation 150

Legislation Decriminalization Hemp Compliance 150

Marijuana Lawyer Blog

AUGUST 4, 2021

Controlled Substances Act, possession and sale for any reason remains a federal crime – and federal law supersedes state law. So if marijuana is still illegal in one state, it will remain so unless the state government opts to change that. Does it Have a Shot?

Legalization 52

Legalization Research and Development Banking Recreational 52

NORML

MAY 17, 2019

Click here to email your lawmakers in support of banking access. LD 991 also seeks to expunge the records of those convicted of marijuana related offenses that are no longer defined as criminal under state law. Update : SB 51 was heard in the Senate Appropriations Committee on 5/13/19 and 5/16. CA resident? ME resident?

Legislation 134

Legislation Hemp Compliance Compliance 134

Cannabis Law Report

MAY 14, 2022

Momentum Builds in Senate for Passing SAFE Act – Bipartisan support in the Senate grows for passage of the SAFE Banking Act, which would facilitate banking access for cannabis companies. Three shops will offer cannabis and cannabis products for sale in compliance with the Tribe’s Adult Use Cannabis Ordinance.

Banking 52

Banking Recreational Research and Development Cannabis 52

Cannabis Law Report

FEBRUARY 5, 2019

Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking. Party leaders are also laying the groundwork to vote on a marijuana banking bill soon, Marijuana Moment has learned. Congressional Democrats Plan Hearing And Vote On Marijuana Business Banking.

Digestion 53

Digestion Banking Hemp Retail 53

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 69

Hemp Business Cultivation Banking 69

SMPL

AUGUST 14, 2019

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

Policy Research and Development Marijuana DEA 40