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Louisiana Expands State Medical Marijuana Program

MassRoots

New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

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 66
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Cannabis Workers, Unemployment Insurance, and the Small Business Administration: What You Need to Know

NORML

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 335
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Griffen Thorne Presents on International and Domestic Cannabis Issues at GGI North American Regional Conference

Canna Law Blog

Certain countries, including Canada, have gone further and introduced full-fledged federal regulatory programs. federal prohibition, for example, creates tax headaches, immigration and naturalization concerns, and limitations on access to financial institutions.

Banking 58
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Credit Union and Banking Update for Hemp and Marijuana Industries

Greenspoon Marder Cannabis Law Group Blog

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40
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Weekly Legislative Roundup 1/18/20

NORML

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. Send a message to your lawmakers in support of medical marijuana access.

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Duane Morris – Mondaq Article: United States: SAFE Banking Act Passes The House – Cannabis Banking May Soon Be Reality Last Updated: October 23 2019

Cannabis Law Report

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.

Banking 45