Banking DEA Policy Recreational 
Cannabis Law Report
MAY 28, 2022
Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The State of Banking. That can prove costly.
The Blunt Truth
MAY 15, 2020
The big news this week is that cannabis banking is included in the latest federal relief bill. cannabis banking. Whether the Senate will retain this language, considering that they have taken no action on the SAFE Banking Act, is not certain. You will also recall that recreational stores were forced to close.
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NewsMunchies
DECEMBER 22, 2021
As of this writing, cannabis remains a prohibited Schedule 1 drug, defined by the DEA as having “no currently accepted medical use and a high potential for abuse.” . The past year saw several states legalize recreational cannabis, including New Mexico, New Jersey, Virginia and Connecticut. Since 2012, 18 states and Washington, D.C.,
The Blunt Truth
DECEMBER 26, 2019
In February, we saw the first ever Congressional hearing on cannabis banking. New Jersey failed to pass legislation legalizing recreational marijuana. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). The Senate failed to take action on the banking bill.
Cannabis Law Report
SEPTEMBER 29, 2021
The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy. Senators) who joined the group in a spirited, interactive discussion on hemp public policy. The national media took notice of some of the highlights: Rep. By Kyle Jaeger.
Cannabis Law Report
SEPTEMBER 1, 2021
This prohibition stands in contrast to the 18 states that have “legalized” recreational cannabis use and the 37 states that have enacted laws regulating cannabis use for medical reasons. 10] Without bank accounts, these businesses must make tax payments in person, in cash, at regional IRS offices. Introduction.
Cannabis Law Report
MARCH 6, 2019
The DEA couldn’t figure out at first why a bunch of rednecks in Cottondale, Florida, had 24-carat gold Rolex watches and were driving Mercedes S500’s, Cobb told Fox News in a recent interview. And in the November election, Michigan became the first Midwestern state to permit recreational pot use. Governor Haley Barbour.
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