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Cato Institute “Cannabis Banking: A Clash Between Federal and State Laws”

Cannabis Law Report

Despite progress over the past decade, the cannabis industry still struggles to access a fundamental piece of the U.S. Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. The State of Banking. economy: the financial system. That can prove costly.

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The Week in Weed: May 15, 2020

The Blunt Truth

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. You will also recall that recreational stores were forced to close.

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The Future of Federal Marijuana Laws Remains Dazed and Confusing

NewsMunchies

As of this writing, cannabis remains a prohibited Schedule 1 drug, defined by the DEA as having “no currently accepted medical use and a high potential for abuse.” . Most Americans have access to either medical or adult-use cannabis under state laws. Although, marijuana may be one of the truly bipartisan issues in the U.S.

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Redbird Scholar: Ralph Weisheit explains Illinois marijuana legalization law

Cannabis Law Report

Now that Illinois has joined 10 other states and the District of Columbia in legalizing the recreational use and sale of marijuana, what can we expect from this new legislation? The other states where recreational marijuana has been legalized have done so through a referendum.

Law 59
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US Hemp Roundtable: Press Coverage Provides Sneak Peak Into U.S. Hemp Roundtable Virtual Fly-In

Cannabis Law Report

Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. Many producers expressed concerns that the DEA’s interim final rule would criminalize the processing of hemp extracts. Ron Wyden (D-OR), Jeff Merkley (D-OR) and Reps. By Kyle Jaeger.

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Son of Former Pablo Escobar Associate Is South Florida Lawyer Now Lobbying The GOP In DC On Regulated Cannabis

Cannabis Law Report

The DEA couldn’t figure out at first why a bunch of rednecks in Cottondale, Florida, had 24-carat gold Rolex watches and were driving Mercedes S500’s, Cobb told Fox News in a recent interview. And in the November election, Michigan became the first Midwestern state to permit recreational pot use.

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Following Los Angeles’ $1.2 Billion Illegal Cannabis Bust, Monterey County Cracks Down on Enforcement Operations

SpeedWeed

The act would transfer agency functions with regard to cannabis from the Drug Enforcement Administration’s (DEA) jurisdiction to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Department of Health and Human Services (HHS) and the Department of the Treasury. .

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