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Cannabis Banking Today

Canna Law Blog

We are helping build out another cannabis banking program here in Oregon. We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. That’s banking. Cannabis dispensaries, cultivators, processors and testing facilities all fall under this definition.

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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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Unique Banking Challenges MSOs Encounter

Cannabis Law Report

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? Why MSOs face unique banking challenges. What are multi-state operators?

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Saint Vincent and the Grenadines Cultivation Amnesty Program Comes Into Play

Cannabis Law Report

Here’s the introduction to their piece………… Saint Vincent and the Grenadines has started its long-awaited cannabis cultivation amnesty program, a major move to pivot cultivators of illicit cannabis into the legal industry. Click the links below to view: Cannabis Cultivation (Amnesty) Bill, 2018.

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Group to begin work on Alabama’s new medical cannabis program

Cannabis Law Report

The 14 people who will oversee Alabama’s new medical marijuana program will gather for the first time Thursday. The panel faces several deadlines to set up the rules to launch what will be a fully intrastate program. The Alabama Department of Agriculture and Industries will license and regulate cultivators. Kay Ivey, Lt.

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Why Is The SAFE Banking Act So Important?

MassRoots

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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

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