Banking DEA Policy Programs 
Cannabis Law Report
JUNE 16, 2022
According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents and their partners confiscated approximately 5.53 million plants via its domestic eradication program. Federal law enforcement agents and their partners seized over 5.5 million plants were confiscated).
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.
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Cannabis Law Report
JULY 2, 2019
LegitScript, the global leader in merchant and product certification and monitoring in the e-commerce and payment sectors, has launched a new certification program for legally compliant CBD products and websites. LegitScript’s CEO, John Horton, said the program will bring transparency and structure to the CBD industry.
SMPL
AUGUST 14, 2019
The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law.
Cannabis Law Report
AUGUST 5, 2021
State opt-out- States’ rights would be preserved with the authority of states to set their own marijuana policies and keep it illegal, but states would not be able to stop product from being transported through their state. There are no provisions on banking, but making cannabis legal should remove money laundering issues.
The Blunt Truth
AUGUST 1, 2019
In other federal news, the DEA has, yet again, not approved new suppliers of marijuana for research. Meanwhile, the state of Arizona is experimenting with a new procedure to get around the lack of banking services for marijuana companies. There will have to be a bit more awaiting, it seems. So be on the lookout for weed beer.
SpeedWeed
JULY 14, 2021
SAFE Banking’ no longer good enough. At a press conference announcing the bill this afternoon in Washington, DC, bill co-sponsor Cory Booker made it clear that federal legalization, with equity, would take precedence over previous partial efforts like the SAFE Banking Act. Take the DEA out of the cannabis law enforcement business.
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