NORML

AUGUST 19, 2019

Additionally, the MORE Act is the first piece of federal legislation that would establish social equity programs for cannabis entrepreneurs, and it would enact wholesale expungements of prior low-level weed offenses for federal convicts. On the business end, the MORE Act also sets a 5 percent federal tax on all cannabis sales.

Policy 275

Policy Marijuana Legislation Programs 275

MassRoots

JULY 30, 2020

In addition to the dramatic cuts to the weekly enhancements of state unemployment benefits and safety net programs proposed in the House’s version (The HEROES Act), the Senate’s package does not include language that would protect banks who service the legal cannabis industry. SAFE Banking Act. Criticism From Senate Republicans.

Banking 116

Banking Legislation Marijuana Packaging 116

Cannabis Law Report

JULY 26, 2022

Amber Littlejohn, a national advocate for equity in the marijuana industry, has stepped down as executive director of the Minority Cannabis Business Association (MCBA) to pursue new opportunities in the industry. Littlejohn, an attorney and policy advocate, started as MCBA’s policy director before being appointed executive director in 2020.

Business 52

Business Banking Policy Education 52

Cannabis Law Report

JUNE 24, 2021

A House subcommittee on Thursday approved a large-scale funding bill that includes provisions protecting banks from being punished for working with marijuana businesses and allowing Washington, D.C. House Committee Approves Marijuana Protections For Banking And D.C. to legalize cannabis sales. Read full article at .

Banking 87

Banking Marijuana Policy Legislation 87

Cannabis Law Report

SEPTEMBER 22, 2021

Government Policy Analyst to Specialize in Insights from the Intersection of Washington and Wall Street. NEW YORK–(BUSINESS WIRE)– BTIG announced today that the firm has hired Isaac Boltansky as a Managing Director and the Director of Policy Research.

Policy 52

Policy Banking Media Access 52

NORML

JUNE 4, 2019

In a change of trajectory, the powerful Appropriations Committee in the House of Representatives has for the first time included limited protections for cannabis businesses engaged in the legal marketplaces in 33 states. State Legal Medical Programs. SAFE Banking.

Banking 221

Banking Packaging History Programs 221

Canna Law Blog

DECEMBER 5, 2019

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. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Banking 64

Banking Hemp Compliance Compliance 64

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships.

Banking 45

Banking Compliance Compliance Policy 45

Cannabis Chronicles

FEBRUARY 4, 2019

Much the way banks are unwilling to finance cannabis startups, television networks and online advertising marketplaces are understandably cautious because the Feds still classify marijuana as a Schedule 1 drug alongside heroin and ecstasy. New York state has a small medical program and is expected to approve recreational weed this year.

Policy 154

Policy Media Vaping Edibles 154

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. This honor is part of a financial services certification program overseen by the Policy Center for Public Health & Safety (PH&S) in collaboration with state attorneys general. ALBUQUERQUE, N.M. , Dec. Department of Treasury and FinCEN.

Banking 52

Banking Hemp Compliance Compliance 52

MJ Business Attorneys

JANUARY 6, 2023

It’s an especially challenging time for cannabis businesses. Although legal cannabis markets exist at some level in the majority of states in the country today, they fight to survive amidst a web of restrictive and confusing regulations that make it difficult for businesses to operate in the black.

Legalization 246

Legalization Compliance Compliance Research and Development 246

Canna Law Blog

JANUARY 16, 2019

We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. A few of these clients are relatively nimble and bold, but at the end of the day they are still banks. We are optimistic that the hemp industry will have ample banking options.

Banking 72

Banking Hemp Environment Access 72

Canna Law Blog

OCTOBER 5, 2019

In a pretty historic moment, the House of Representatives officially voted to pass the SAFE Banking Act (H.R. We’ve extensively covered the Act’s progress in past posts (the latest can be found here and here ), but just as a reminder, the Act would finally allow the cannabis industry to access banking and financial services.

Banking 72

Banking Legislation Hemp Retail 72

SpeedWeed

JULY 15, 2021

The 163-page Cannabis Administration and Opportunity Act (CAOA) aims to remove cannabis from the list of controlled substances; tax and regulate cannabis at the federal level; and grant states the power to keep or administer their own oversight programs. .

Business 52

Business Banking Programs Decriminalization 52

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Legal hemp businesses should be treated just like any other businesses and not discriminated against,” the letters urged.

Banking 77

Banking Hemp Access Business 77

Cannabis Law Report

SEPTEMBER 23, 2019

The Charles Gazette-Mail report… State Treasurer John Perdue is hiring an attorney to assist with his office’s handling of banking services for West Virginia’s medical cannabis program, a show of escalating tension with the district’s federal prosecutor. We have no idea what he basically would do in regard to [cannabis banking].

Programs 55

Programs Banking Business Law 55

WeedAdvisor

SEPTEMBER 21, 2019

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. However, top Democratic Senator Chuck Schumer feels that the SAFE Banking Act is insufficient and potentially detrimental to legalization. Good Bill, Poor Timing. .

Banking 49

Banking Advocacy Legislation Dispensary 49

SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. AAIS is the industry leader in the development and maintenance of commercial lines, inland marine, and business owners’ programs.”.

Business 52

Business Banking Programs Access 52

SpeedWeed

MARCH 21, 2021

in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5

Banking 52

Banking Compliance Compliance Business 52

Veriheal

SEPTEMBER 5, 2022

In preparation, the CCA established a framework for cannabis business licensing, cultivation, manufacturing, distribution, testing, and adult-use retail sales that would be regulated by a newly formed Cannabis Control Authority. Agencies tasked with moving the program forward are currently putting their efforts on hold until after 2023.”

Programs 52

Programs Safety Cannabis Legislation 52

The Blunt Truth

MAY 15, 2020

The big news this week is that cannabis banking is included in the latest federal relief bill. Maine made changes to their marijuana program. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. SBA funds, however, are not.

Banking 106

Banking Research and Development Programs Advocacy 106

SpeedWeed

MAY 4, 2021

This article focuses on getting money to start your cannabis business. It doesn’t matter if you’re a bodega on the corner, a chain restaurant, a cannabis cultivator , or one of the big four tech firms, there are really only three ways to finance any business’ growth: Reinvesting profits from running your business.

Business 52

Business Banking Cannabis Policy 52

Cannabis Law Report

AUGUST 12, 2021

Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. If appropriate for their business models, registered medical cannabis caregivers may choose to convert their registration type to dispensaries.

Marijuana 105

Marijuana Dispensary Programs Retail 105

Cannabis Law Report

FEBRUARY 3, 2022

HB 4016 also tasks the OLCC with adopting rules to establish a program to assign expired, relinquished or otherwise suspended producer licenses to qualified applicants. This bill arose from the ashes of Oregon’s failed attempt in 2021 to create a cannabis equity program ( HB 3112 (2021) ). House Joint Resolution 205 – State Banking.

Banking 52

Banking Legislation Hemp Programs 52

Cannabis Law Report

JULY 25, 2021

With banking options still difficult for cannabis businesses to access – including the ability to accept debit and credit cards – cannabis companies are still searching for ways to facilitate their merchant processing needs. The issues with cashless ATMs. Two accomplices were eventually fined and were sentenced to prison.

Banking 105

Banking Programs Dispensary Business 105

Cannabis Law Report

AUGUST 16, 2019

Times of CBD reports…… Senator Michael Bennet (D-CO), who is presently working to secure the Democratic nomination for president, issued a letter to the financial authorities, requesting information on banking services for hemp businesses. as well as across the country. Full Story At: [link].

Banking 40

Banking Hemp Policy Business 40

Veriheal

MAY 22, 2023

In April 2023, Maine’s Office of Cannabis Policy (OCP) reported an exodus of about 1350 cannabis primary caregivers from the state’s medical marijuana market between 2021 to January 2023. Business costs, banking regulations/fees, and competition with the adult-use market followed in succession. said utility cost.

Programs 90

Programs Patients Cannabis Policy 90

Cannabis Law Report

JUNE 15, 2022

The CDTFA has launched raids and auctioned off seized properties to collect unpaid taxes from illegal businesses that undercut legitimate businesses by skipping taxes and the licensing process. The CDTFA plans to escalate tax enforcement against legal cannabis businesses. On June 8, 2022, the U.S.

Business 52

Business Marijuana Safety Banking 52

SMPL

MAY 21, 2020

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep.

Banking 40

Banking Marijuana Legislation Patients 40

Canna Law Blog

MARCH 11, 2022

The policy is part of the Marijuana Regulation and Taxation Act’s (MRTA) social and economic equity plan, which Simon Malinowski wrote about in this blog post last April. Numerous states that have legalized marijuana have adopted some form of social equity programs. These programs are not without critics ).

Retail 80

Retail Policy Banking Programs 80

MMJ Recs

MARCH 16, 2024

Understanding these trends is vital for businesses to effectively meet consumer needs and stay competitive in the market. Regulatory Framework and Policy Implications The regulatory framework governing the medical marijuana industry has profound implications for businesses, consumers, and society as a whole.

Supply Chain 105

Supply Chain Research and Development Marijuana Seed-To-Sale 105

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 69

Hemp Business Cultivation Banking 69

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. He has developed community outreach programs, created impact plans, and negotiated host community agreements with over 60 cities and towns across Massachusetts.

Banking 96

Banking Compliance Compliance Law 96

Cannabis Law Report

JULY 1, 2021

The policy was updated last month to remove the ban, with some restrictions. A marijuana app must be geo-restricted to jurisdictions where cannabis is legal, and the program must be “submitted by a legal entity that provides the services, and not by an individual developer.”. Here’s what the previous policy said: .

Vaping 119

Vaping Consumption Policy Banking 119

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. FL resident? FL resident? IN resident?

Legislation 243

Legislation Decriminalization Access Patients 243

Canna Law Blog

JUNE 24, 2020

All of us at Harris Bricken were excited to see the Guidance released: NCUA retained us last fall to advise the government on this project, and we have always represented credit union clients as to cannabis business services. Thus, federally-chartered credit unions would look to NCUA, not CUNA, for guidance on hemp banking.

Hemp 95

Hemp Banking Agriculture Digestion 95

Cannabis Law Report

MARCH 26, 2020

There is no doubt that the COVID-19 pandemic is adversely impacting businesses around the world, and smaller businesses especially. 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 59

Business Legislation Access Policy 59