Cannabis Law Report

JULY 15, 2019

Banking, Accounting and Tax – Steve Schain, Esq. Advertising, Labeling, & Packaging – Garrett Graff, Esq. Securing State Licenses and Local Permits – Craig Small, Esq. Corporate Formation – Larry Mishkin, Esq. Employment and Labor – Larry Mishkin, Esq.

Compliance 88

Compliance Compliance Media Law 88

The Blunt Truth

JULY 1, 2021

In international news, the United Nations comes out against cannabis advertising. A House subcommittee passed a bill that would allow the District of Columbia to legalize marijuana sales and afford some protection to banks working with cannabis companies. But the feds have been taking action talking about taking action too.

Chronic Pain 97

Chronic Pain Banking Legislation Programs 97

Canna Law Blog

APRIL 21, 2023

Though the SEC’s rules for crowdfunding advertising are incredibly strict, be mindful that the emerging nature of cannabis breeds some bad behavior that may fall through the cracks. In any event, no, crypto cannot and will not answer the issue of federal illegality when it comes to banking. Take, for recent example, TruCrowd Inc.

Banking 67

Banking Cannabis Business Dispensary 67

Cannabis Law Report

MARCH 17, 2022

Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily. The app’s proprietary Purchase Power tool creates custom spending limits, with a maximum daily customer spending limit of $3,000 , the highest advertised spending limit in the cannabis industry.

Retail 52

Retail Banking Cannabis Dispensary 52

Cannabis Law Report

APRIL 28, 2022

Join us as we explore culturally competent ways to identify and develop best practices for how, when, where and to whom you should advertise and market your cannabis products. Traditional television, radio and billboard advertising are not available to cannabis companies in many states.

Research and Development 52

Research and Development Sleep Banking Cannabis 52

Cannabis Law Report

MAY 25, 2022

That’s not by choice; rather, because cannabis businesses aren’t welcome in federally insured banks and can’t accept credit cards for payment, cash is the only way they can accept payment. First, cannabis businesses must have access to banks, just like any other industry. Contact Us For A Consultation. Aaron Pelley.

Business 52

Business Law Banking Dispensary 52

The Blunt Truth

JANUARY 23, 2020

The governor hopes that the state will coordinate with Connecticut, Pennsylvania and New Jersey on packaging, labeling and advertising rules. They fear the Senate version of the marijuana banking bill now in the Senate could be much more restrictive than the version that passed the House in 2019.

Banking 83

Banking Legislation Packaging Legalization 83

Cannabis Law Report

APRIL 18, 2022

Duane Morris has provided corporate governance and capital formation advice on both public and private securities offerings on behalf of privately and publicly held cannabis companies, including serving as counsel in the first investment-bank-led public offering by a U.S. cannabis company.

Advocacy 52

Advocacy Law Banking Media 52

Cannabis Law Report

JANUARY 16, 2020

Programmatic advertising has historically been a difficult area for cannabis publishers to capitalize on. Advertising and publishing represented 29% of its revenue, with direct sales advertising accounting for most of that revenue stream, though the company also sells some programmatic advertising.

Dispensary 64

Dispensary Events Retail Business 64

Cannabis Law Report

AUGUST 9, 2021

Most (63%) of the products reviewed contained more CBD than advertised. A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. CStore Decisions.

Hemp 105

Hemp CBD Legalization Edibles 105

Cannabis Law Report

OCTOBER 28, 2021

You could be looking at hundreds of thousands to millions of dollars for: initial operating licenses, ongoing compliance expenses, property purchases or leases, equipment, advertising, security. Hard Truth 2: Your Business May Not Be Able to Open a Bank Account. Money that flows in will flow back out just as quickly.

Banking 52

Banking Law Business Compliance 52

The Blunt Truth

JUNE 11, 2020

They attempted to branch out into the CBD oil market, but were met with two lawsuits, alleging their products did not work as advertised and were not approved by the FDA. The Bank of Oklahoma filed a trademark infringement suit against the company, alleging it tarnished the good name of the bank and confused customers.

Pets 95

Pets Decriminalization Banking Programs 95

Cannabis Law Report

MAY 19, 2022

Jim is a frequent speaker on Cannabis law including ethics, licensing, and banking. and international corporations, limited liability companies, partnerships and individuals involved in numerous fields, including, cannabis, executive search and staffing services, advertising, banking, accounting, real estate, and wholesale/retail sales.

Law 52

Law Banking Cannabis Topical 52

Canna Law Blog

MARCH 20, 2023

Why aren’t banks more involved? 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. Despite adoption by a growing number of states, marijuana is (still) federally illegal.

Business 73

Business Banking Compliance Compliance 73

Cannabis Law Report

NOVEMBER 15, 2021

Packaging, Labeling, and Advertising. Banking, Finance, and Taxation. In the past year, CANNRA has launched more than a dozen different special committees for state cannabis regulatory staff to share knowledge and work towards regulatory best practices on a range of topics: Licensing, Compliance, and Enforcement. Public Education.

Compliance 98

Compliance Compliance Topical Programs 98

Cannabis Law Report

OCTOBER 19, 2021

Banking Guidance. Marketing & Advertising Restrictions. Regulations are constantly changing, making it even more challenging for not only owners and operators, but also banks, financial institutions, insurers, law firms and other ancillary businesses, to stay on top of the latest regulatory requirements. Governing Authority.

Compliance 52

Compliance Compliance Supply Chain Banking 52

Cannabis Law Report

MAY 11, 2022

Incomplete sections include: Good standing documentation from the Tax Department, cultivation site diagrams, information on banking and insurance, background checks, and licensing fee payment. Statute in Rule 1 outlines a requirement to avoid any advertising that may be enticing to children and young adults under the age of 21.

Cultivation 52

Cultivation Safety Banking Compliance 52

Canna Law Blog

MARCH 9, 2019

Volatile Access to Banking. Lack of access to banking in the industry is the current norm, and it ultimately helps keep cannabis in the shadows and out of reach of full legitimacy and transparency. And the bad behavior spans a range of areas in cannabis from scamming investors to bank fraud to lying about entitlements from regulators.

Banking 82

Banking Access Cannabis Business 82

The Blunt Truth

JUNE 13, 2022

House of Representatives passed the America COMPETES Act, which includes the Secure and Fair Enforcement (SAFE) Banking Act. The SAFE Act would enable cannabis businesses to use federally insured banking institutions. Updates to state cannabis laws clarify advertising restrictions and expand social equity provisions.

Law 111

Law Marijuana Legislation Retail 111

Canna Law Blog

AUGUST 28, 2022

Postal Service will not permit advertisers to place marijuana ads in the mail. The Department of Treasury –through FinCEN –has slowly opened the door for banks to do business with those in the cannabis industry. Patent and Trademark Office generally will not allow trademarks for marijuana products. FTC and CBD.

Safety 78

Safety CBD Research and Development Business 78

Canna Law Blog

MARCH 13, 2024

Digital marketing: Many states and social media companies have issued restrictions on the ways cannabis companies can advertise, which is why digital marketers are in such high demand in the industry. Financing: Because cannabis is still illegal at the federal level, most banks won’t provide loans to cannabis companies.

Business 81

Business Supply Chain Dispensary Edibles 81

Cannabis Law Report

JUNE 19, 2019

Seigfreid Bingham PC is one of the first law firms in the Kansas City area to advertise its new cannabis practice. On their Cannabis Practice information page they say. The number one challenge for businesses in the cannabis industry is legal compliance. No trade is more challenging than cannabis.

Law 51

Law Compliance Compliance Banking 51

Cannabis Law Report

MARCH 4, 2022

Most marijuana dispensaries manage to get off the ground thanks to investors and personal savings because banks don’t give out loans to dispensaries. Angel investors are people who will give money to your business in exchange for equity or loan it to you with an interest, just like a bank would.

Dispensary 59

Dispensary Marijuana Banking Business 59

Medicinal Genomics

NOVEMBER 5, 2019

First, farmers who purchase seeds must do so from reputable seed banks who have a proven record of producing plants that are under the 0.3% Recently, many articles have been in the news about hemp farmers who purchased seeds that did not match what the seed bank advertised. THC threshold.

THC 81

THC Hemp DEA Banking 81

Cannabis Law Report

MARCH 20, 2020

MOBILE, DIGITAL BANKING . ADVERTISING OPPORTUNITIES. MARKETING , ADVERTISING. .” Since cannabis remains a Schedule 1 substance in the United States under the CSA of 1970, many cannabis businesses are presented with unique challenges and opportunities. 500-Hottest-Cannabis-Jobs-ebook-1_1_ (1)(1). FINANCIAL SERVICES.

Dispensary 64

Dispensary Compliance Compliance Cultivation 64

SpeedWeed

AUGUST 17, 2021

Namely, as of this spring, brightly coloured inserts began arriving in households all over the country, delivered not via digital means but rather through post-boxes, proudly advertising CBD products on the front of their garishly adorned (and wrapped in plastic) mailers. Whoever was corporate counsel on this one was absolutely sleeping.

CBD 52

CBD Patients Hemp Hash 52

Cannabis Law Report

SEPTEMBER 20, 2019

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. House Majority Leader Steny Hoyer (D) intends to put the cannabis banking legislation on the floor by the end of September.

Vaping 40

Vaping Banking Research and Development DEA 40

SpeedWeed

MAY 13, 2021

Many of these scam websites also use fake celebrity endorsements to advertise their wares, a tactic that is actually becoming fairly common in the CBD industry. Banks and credit card companies can stop scammers from charging unwanted monthly fees, and many offer fraud protection programs that will refund money lost to scams.

CBD 52

CBD Banking Oil Conditions 52

Cannabis Law Report

NOVEMBER 18, 2019

Cannabis advertising giant Weedmaps also announced via the CEO Chris Beals on Twitter that they had resorted to laying off more than 100 people from various departments, amounting to around 25% of their total workforce, due to the slow development of the recreational cannabis market in California. Fear of chastisement.

Banking 45

Banking Retail Business Recreational 45

Otherside Farms

AUGUST 4, 2020

Due to cannabis businesses being considered high risk, banks will often not loan money. Look into advertising opportunities such as local newspapers or online cannabis directories. Credit Card Processing and Banking. Banks have not been fond of supporting dispensaries in the fear that funds may get frozen by DEA or the feds.

Business 52

Business Banking Dispensary Research and Development 52

Cannabis Law Report

AUGUST 26, 2019

We went ahead and purchased T he Art of RF (Riba-Free) Islamic Banking and Finance: Tools and Techniques for Community-Based Banking (Wiley Finance) from amazon.com. Riba-Free (RF) banking-comes the expanded edition of the definitive resource that offers an understanding of applying Islamic banking and financial practices.

Banking 45

Banking Topical Law Education 45

Otherside Farms

MAY 20, 2020

Make sure the levels of CBD are what is advertised and the levels of THC are below the legal limit of 0.3%. Open a Bank Account & Find a Payment Processor. Not every bank is going to welcome you and your CBD business with open arms. You may also focus your effort on local banks to your area. It is time for marketing!

CBD 52

CBD Packaging Banking Research and Development 52

Cannabis Law Report

MAY 26, 2019

National Survey on Marijuana Laws and Regulations Copyright © 2018 Fox Rothschild LLP | Attorney Advertising. Department of Treasury issues for banking and financial services clients engaged in the industry, and more. ” Introduction.

Law 55

Law Marijuana Compliance Compliance 55

Cannabis Law Report

JANUARY 11, 2022

You can look for advertisements in local CBD-focused papers. Also, you can find the best deals on popular social media advertising platforms like Facebook, Instagram, and Google Ads, etc. Most weed delivery services only take cash due to banking regulations on the cannabis industry. 5- Local Paper and Local Digital Ads.

Dispensary 52

Dispensary Extraction Consumption CBD 52

Cannabis Law Report

SEPTEMBER 12, 2022

On this last point, each State’s health department has a different take on this—some allowing infused foods, but, until the FDA clarifies its stance, the interstate prohibition on infused foods does cause problems with federally oriented services such as banking and insurance. A class action was filed in the U.S. Potnetwork Holdings, Inc.,

Hemp 52

Hemp CBD Food Extraction 52

The Blunt Truth

FEBRUARY 7, 2019

Perhaps the biggest challenge to any cannabis business is the reluctance of most banks to serve the cannabis industry. Because of the federal prohibition, banks that accept cannabis industry money risk violation of federal money laundering and other laws.

Banking 49

Banking Strains Business Pets 49

Cannabis Law Report

JANUARY 10, 2019

Wellness handled daily operations for Alternative, which included hiring employees and paying expenses (advertising, wages, and rent). Interestingly, both Alternative and Wellness maintained bank accounts with Bank of America and Chase Bank. The individual mutual benefit members of Alternative.

Banking 40

Banking Dispensary Patients Tincture 40