Banking DEA Programs Recreational 
Canna Law Blog
NOVEMBER 8, 2023
Our firm has been representing businesses in the space for many years before that, in states with more mature licensing programs. Indeed, just like when these states started licensing, cannabis is still on Schedule I of the Controlled Substances Act (CSA), 280E is still a nuisance, big banks still won’t bank cannabis money , and so on.
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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The Blunt Truth
DECEMBER 31, 2020
Massachusetts decided that medical dispensaries could remain open, but recreational shops had to close. Senator Mitch McConnell (R-KY) objected to including cannabis banking in federal relief programs. Recreational shops reopened in Massachusetts. The DEA released an interim hemp rule that the industry hated.
The Blunt Truth
MARCH 5, 2020
Although recreational sales were expected to begin this month, they’ve been postponed until June. A group called Regulate Marijuana Like Alcohol filed a petition to legalize recreational marijuana. They see legalization as a solution to problems with the medical cannabis program. FEDERAL NEWS.
Cannabis Law Report
JANUARY 16, 2020
Now that Illinois has joined 10 other states and the District of Columbia in legalizing the recreational use and sale of marijuana, what can we expect from this new legislation? The other states where recreational marijuana has been legalized have done so through a referendum. Who may grow and sell marijuana in Illinois?
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.
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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