The Blunt Truth

SEPTEMBER 29, 2023

The big news this week is that, for the first time ever, a cannabis bill, the SAFER Banking Act, got a markup in the Senate. SAFER BANKING Although the SAFE Banking Act has passed multiple times in the House of Representatives, it’s never gotten out of committee in the Senate. Spoiler alert: the two don’t mix.

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Banking DEA Legislation Decriminalization 93

The Blunt Truth

DECEMBER 31, 2020

Ideas ranged from legalization on day one (Sanders) to decriminalization and expungement (Bloomberg). Virginia decriminalized marijuana. Senator Mitch McConnell (R-KY) objected to including cannabis banking in federal relief programs. The DEA released an interim hemp rule that the industry hated. What did happen?

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DEA Decriminalization Hemp Banking 109

The Blunt Truth

SEPTEMBER 3, 2020

And speaking of CBD, Seyfarth has a program coming up on that topic. Assembly Bill 1525 allows cannabis banking under California state law. In other news, a federal court ruled that the state must turn over information concerning three marijuana businesses to the DEA. Florida has legalized medical marijuana edibles.

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Cannabis Law Report

AUGUST 5, 2021

Regulatory authority would move from the DEA to the FDA, but also the ATF and the Alcohol and Tobacco Tax and Trade Bureau (TTB). There are no provisions on banking, but making cannabis legal should remove money laundering issues. The fate of the SAFE Banking Act to enhance banking access for cannabis companies, which Sen.

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The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.

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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. . A federal cannabis sales tax on any products produced in or imported into the U.S.

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Banking Programs Decriminalization Legislation 52

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. . A federal cannabis sales tax on any products produced in or imported into the U.S.

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