Veriheal

OCTOBER 7, 2020

COVID-19 has affected the relationships being cultivated between cannabis businesses and banks. Banks love the green, they love businesses that grow and continue to bring in more green UNLESS that green has anything to do with a plant called cannabis. The Pandemic Plays a Bigger Part Between Banks and Cannabis Businesses.

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Banking Business Hemp Cannabis 52

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. It starts with connecting the dots.

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Banking Supply Chain Seed-To-Sale Data 45

Canna Law Blog

APRIL 1, 2019

After its introduction on Tuesday, March 26, 2019, the House Financial Services Committee has voted 45-15 to advance the SAFE Banking Act of 2019 to the House floor on a to-be-determined date. Currently, the Safe Banking Act has 152 cosponsors, including 12 Republicans, which is more than one-third of the entire House of Representatives.

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Banking Marijuana Legislation Business 68

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.

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Banking Hemp Business Cannabis 77

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

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Banking Data Media Business 40

SpeedWeed

AUGUST 13, 2021

Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.

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Access Patients Banking Cultivation 52

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. And that puts them and the Americans they do business with at risk. .

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Banking Cannabis Business Safety 40

Cannabis Chronicles

MAY 22, 2019

McDonell said research institutions are limited in their access to cannabis users by federal laws that could affect funding. While there are methods available for collecting that data, including a smartphone app called “Releaf,” there are still patients who are wary of sharing information, even anonymously, due to federal laws, she said.

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Canna Law Blog

APRIL 12, 2024

Additionally, federal illegality means that businesses will be siloed without interstate commerce, can’t get access to banking, can’t get access to basically anything for market rate, and so on. For example, federal tax laws are unforgiving and don’t allow standard deductions for marijuana businesses.

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Cannabis Business Access Banking 95

Cannabis Law Report

OCTOBER 10, 2019

They have data and reports in play and we presume have fairly healthy numbers in terms of B to B clients. said New Frontier Data Founder and CEO Giadha Aguirre de Carcer. based New Frontier Data was founded in 2014 and has grown to over a 50-person team, with three offices in the United States and Europe. Washington, D.C.-based

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Data Media Banking Cannabis 40

Cannabis Law Report

JULY 26, 2021

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store.

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Dispensary Banking Access Data 105

Cannabis Law Report

FEBRUARY 22, 2022

MediaJel , the leading digital marketing and programmatic software platform for cannabis and other regulated brands, today announced the launch of MediaJel Capital, a unique online funding source dedicated to helping regulated marketers access and utilize essential funds to build brand awareness, acquire new customers, and grow their businesses.

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Data Access Business Banking 52

Cannabis Law Report

NOVEMBER 9, 2021

BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. We have refinanced a portion of our Crown Capital credit facility, with a new, lower cost, term loan provided by our existing bank credit provider. About DATA Communications Management Corp. THIRD QUARTER HIGHLIGHTS. Eastern time. 43,138,431. .

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Data Business Supply Chain Banking 52

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account.

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Banking Dispensary Cannabis Recreational 98

Cannabis Law Report

SEPTEMBER 22, 2021

House of Representatives will vote this week on a bill that would let banks do business with cannabis companies without fear of penalty. . Some three dozen states now allow medical or recreational use, according to New Frontier Data, a cannabis research firm. . billion in legal sales in 2020, according New Frontier Data.

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Banking Data Legislation Safety 52

Cannabis Law Report

FEBRUARY 14, 2020

However, the move to attract investment to the island’s “well-regulated, export-oriented medicinal cannabis industry” faces a major hurdle according to Camillo Gonsalves, the country’s Minister of Finance: existing federal banking regulations in the United States that bar financial institutions from providing services to cannabis companies.

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Banking Medicine Data Cultivation 59

SpeedWeed

APRIL 2, 2021

Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

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Compliance Compliance Media Data 52

Cannabis Law Report

JULY 26, 2021

Due to laws at the Federal level restricting the presence of banks within the cannabis sector, merchants and businesses have long struggled to offer convenient payment mechanisms to their shoppers – many of whom are used to paying online but often can’t when it’s a cannabis store. .

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Dispensary Banking Events Cannabis 105

SpeedWeed

MARCH 1, 2021

For the small business owner, selling a private company to an SPAC can deliver a faster IPO process and increase the selling price point than working with an investment bank. 2 – Get your house in order (or at least the data room). 3 – Take it to the bank. Get your money in the bank, and get that stable revenue down on paper.

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Business Banking Data Cannabis 52

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

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Supply Chain Compliance Compliance Banking 52

Canna Law Blog

SEPTEMBER 26, 2019

Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. Overall, both of these effort by U.S.

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Hemp Law CBD Banking 86

Cannabis Law Report

JUNE 21, 2021

BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. Following are instructions on how to access the webcast and to submit questions. Shareholders are encouraged to access the webcast of the Meeting fifteen minutes before the Meeting commences. ABOUT DATA COMMUNICATIONS MANAGEMENT CORP.

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Data Banking Access Media 71

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. The Hemp Precedent.

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Banking Law Legalization Hemp 89

Cannabis Law Report

JANUARY 12, 2022

Through this collaboration, the NPA and Maya will offer both the education and the technology infrastructure needed to make this possible, ensuring accessibility and safety to all communities. “We NPA’s mission is to ensure all Americans get the support they need to safely access psychedelic-assisted care.

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Research and Development Therapy Safety Clinical Trials 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. JAMA Internal Medicine recently reported a 14% percent reduction in opioid prescriptions in the states that provide relaxed access to medical marijuana.

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Banking Compliance Compliance Marijuana 100

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?

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Compliance Compliance Banking Data 52

Cannabis Law Report

OCTOBER 4, 2021

Also missing: hard data about it. It is written in three parts: The Current State of Diversity in the Cannabis Industry (includes data on ownership, exec positions, breakdown by sector, employees, select states’ data, etc). This shift isn’t driven solely by the decline in women cannabis executives; the latest data from the U.S.

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Data Programs Business Banking 52

SpeedWeed

JULY 5, 2021

Green Check Verified is a leading provider of cannabis banking solutions and expert advisory services for financial institutions. A key reason that Green Check Verified subscribes to the Cannabiz Media License Database is for access to comprehensive information about market sizes and opportunities. Your submission has been received!

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Media Banking Research and Development Compliance 52

Veriheal

AUGUST 14, 2020

This data indicates a bit of an increase in cannabis use among expectant mothers over the course of about 15 years. . CNN and NBC both took a single study from Nature.com that also used this data as part of a study to explore neurodevelopmental outcomes in mothers who used cannabis during pregnancy. Be sure to tune in on Aug 25.

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Data Banking Media Policy 52

Cannabis Law Report

JUNE 16, 2022

million cultivated marijuana plants and made more than 6,600 marijuana-related arrests in 2021, according to annual data compiled by the US Drug Enforcement Administration. . Federal law enforcement agents and their partners seized over 5.5 million cultivated cannabis plants last year – a 20 percent increase over 2020’s totals.

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DEA Marijuana Programs Data 52

Cannabis Law Report

JANUARY 10, 2020

This continues to create challenges for marijuana businesses, including access to the payment and banking systems. xiii Dispensary counts are estimated using current business licensing data from Colorado Department of Revenue Enforcement Division. The data can be found here: [link]. Conclusion. Retrieved from [link].

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Banking Marijuana Collective Recreational 59

Cannabis Law Report

APRIL 19, 2019

In the fall of 2018, New Frontier Data, which is run by Giadha Aquirre De Carcer, broke off a business partnership with another data research firm, Prohibition Partners, after a disagreement on the quality of data used in a research report detailing the investment opportunities in the Australian cannabis market. We have answers!

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Research and Development Data Media Banking 61

Cannabis Law Report

NOVEMBER 15, 2021

At-large board member Andrew Turnage, Executive Director at the Georgia Access to Medical Cannabis Commission. Public Health and Data Monitoring. Banking, Finance, and Taxation. At-large board member Chris Tholkes, Director of the Office of Medical Cannabis at the Minnesota Department of Health. Social and Economic Equity.

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Compliance Compliance Topical Programs 98

Cannabis Law Report

AUGUST 24, 2022

Deposits were made by bank transfer or with Bitcoins. In the further course, however, payments failed to materialize and customer accounts could no longer be accessed. With amounts starting from €50, participation in cultivation, harvest, and sale via virtual greenhouses was possible since 2020. mobile app. million each.

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Data Banking Cultivation Access 52

Cannabis Law Report

AUGUST 20, 2022

One theory is that many investors in publicly traded MSOs speculated that by now, Congress would have at least passed a bill to decriminalize the plant or would have passed the SAFE Banking Act to ease cannabis businesses’ access to banking services. billion (New Frontier Data). Where Do We Go From Here? billion to $40.9

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Wellness and Beauty Banking Decriminalization Data 52

Cannabis Law Report

AUGUST 21, 2019

entitled “ The IRS Is Using Its Big Data and Reminds Us and Its Agents That They Have Access to Records of Large Cash Transactions at Financial Institutions “. The IRS has recently provided interim guidance to clarify actions IRS Examiners musttake to analyze and document Currency Transaction Report (CTR) data during an audit.

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Banking Data Access Business 45

Cannabis Law Report

SEPTEMBER 14, 2021

WHEREAS, the vast majority of cannabis businesses are self-funded, with 84 percent of businesses utilizing the founder’s savings to launch the business while only one percent of businesses were able to secure a bank or state agency loan; and. Mayors Across The U.S.

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Policy Research and Development Access Cannabis 98