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Banking Woes and Wins for Hemp-CBD

Canna Law Blog

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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In Massachusetts, Cannabis Cultivation Workers Can Unionize

Veriheal

While retail cannabis employees typically have good experiences, cultivation workers such as trimmers might experience something completely different. The Benefits of Unionization Under State Law. While many states deny unionization rights to agricultural workers, the state of Massachusetts covers farmworkers.

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House of Representatives Set to Vote on SAFE Banking Act Today

Greenspoon Marder Cannabis Law Group Blog

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.

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Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Some examples of plant-touching businesses include: Cultivation and breeding: Cultivators and breeders are essential parts of the industry. Supply chain: At the moment, cannabis companies can only transport products within their own states. Department of Agriculture website has additional resources for getting started.

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Oregon Cannabis Legislative Preview: Producer Moratorium, Equity, State Banking and More

Cannabis Law Report

HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses. House Joint Resolution 205 – State Banking. Senate Bill 1587 – Separate Hemp Lien Bill.

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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 home cultivation rights.

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Federal agencies clarify SAR filing requirements for financial services provided to hemp-related businesses

Cannabis Law Report

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. Background. The Joint Statement.

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