Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.

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Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

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Cannabis Law Report

JULY 22, 2019

On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. Credit Union National Association President and CEO Jim Nussle illustrated this point by stating, “[a]t its heart, cannabis banking is a public safety issue.

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WeedAdvisor

SEPTEMBER 18, 2019

According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. The fear of federal repercussions keeps major financial institutions for dealing with these businesses, despite their being compliant with state law. Skipping Ahead. .

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SpeedWeed

MARCH 21, 2021

State-legal cannabis companies aren’t stashing large stacks of cash behind walls or rubber-banded bankrolls in hidden vaults. billion of legal cannabis sales in the U.S. billion of legal cannabis sales in the U.S. But those banks are not the “national associations” of the world. Shannon Price | Adobe Stock.

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Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. And that puts them and the Americans they do business with at risk. .

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Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. History of Marijuana Regulation and Banking Implications.

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The Joint Blog

MAY 22, 2019

The Associated Press is reporting that California is quickly moving forward with a plan to establish a system of banks to work with the marijuana industry which is legal under state law, but illegal under federal law. statutes also prohibit banks from handling money that comes from criminal activity.

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NORML

MARCH 7, 2019

In a day and age when more than twenty percent of the population live in states which have legalized the marijuana market, and in an era where nearly every state has enacted some legal protections for the use of medical cannabis or its extracts, the time has come for federal lawmakers to end this senseless and cruel prohibition that ruins lives.

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Cannabis Law Report

DECEMBER 4, 2021

being deluged by legalization bills, a tripartisan group of senators from the Senate Armed Services Committee have penned a letter urging President Biden to sign the legislation as is, and to keep intact the language already passed in the National Defense Authorization Act (NDAA). Here’s their letter.

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Cannabis Law Report

JULY 31, 2019

Polls show that about 65 percent of Americans support legalization of marijuana and 93 percent of Americans support medical marijuana. Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. As of today, a majority of states and U.S. anti-money laundering laws.

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The Joint Blog

SEPTEMBER 30, 2019

In a historic 321 to 103 vote, the United States House of Representatives has passed a bill to allow banks to work with marijuana businesses that are legal under state law. House Approves Marijuana Banking Bill appeared first on TheJointBlog. ” The post U.S.

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Cannabis Law Report

NOVEMBER 23, 2021

Mark Kelly – United States Senator. Rosen Leads Bipartisan Effort to Ensure SAFE Banking Act Included In NDAA. Letter from Senate Armed Services Committee Members Urges Committee Leaders to Keep House-Passed Bipartisan Bill Allowing Legal Cannabis Businesses to Access Critical Banking Services in Final Version of NDAA.

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Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. While hemp and marijuana are both derived from the plant Cannabis sativa L, they are legally distinguished on both a federal and state level by their THC content.

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Canna Law Blog

FEBRUARY 17, 2023

My queries are in bold and the unedited text that was generated by ChatGPT follows: What are the greatest political challenges to legalizing marijuana at the federal level? Legalizing marijuana at the federal level in the United States is a complex political issue, and there are several challenges that need to be addressed.

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SpeedWeed

JULY 17, 2021

RELATED: Senate Trio Unveils Federal Cannabis Legalization Draft With Provisions to Deschedule, Tax and Regulate. This thoughtful and comprehensive draft represents an historic step on the path to federal cannabis legalization. This is a draft bill,” Schumer said. “We We intend to show it to all of the stakeholders. Littlejohn.

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SpeedWeed

JULY 17, 2021

This act would not immediately make weed legal in the entire US, though. Individual states would still be allowed to keep prohibiting cannabis if they choose, but the feds would be blocked from interfering with states that have chosen to legalize.

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NORML

JANUARY 19, 2020

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. Send a message to your lawmakers in support of legalization. CO resident?

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NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Guam became the first US territory to send a bill legalizing the adult-use of marijuana to the governor’s desk in 2019. Update : There was a Public Hearing for SB 1085 on 3/22 after its passage out of the General Law Committee.

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Cannabis Law Report

APRIL 24, 2019

CPA’s “ PUBLISHER: CANNABIS LAW REPORT. Federal Legalization – Then What? Let’s think through a couple of scenarios and have a peek at the landscape in a post-legalization world. Let’s begin with the following: STATES Act Becomes Law. Federal Legalization – Then What?

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Canna Law Blog

MARCH 13, 2024

While this kind of growth is promising, entrepreneurs looking to take advantage of these cannabis industry opportunities must be aware of their legal responsibilities before getting started. The legal requirements for each type are different, so it’s essential to research the laws around the company you want to start.

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The Cannigma

MARCH 12, 2021

Listen & Subscribe: Very few medical cannabis advocates are against the full legalization of the plant for all adults. But sometimes one unintended consequence of adult-use legalization is that the market no longer caters to medical patients. What is the relationship between medical and recreational legalization?

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Cannabis Law Report

APRIL 15, 2022

The MORE Act is one of at least three pieces of offered legislation that legalizes, or partially legalizes, marijuana at the federal level. After an hour of debate, the House also adopted two amendments aimed at assuaging Republican concerns about impaired driving and workplace safety. Chuck Schumer (D-NY), and Rep.

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Canna Law Blog

APRIL 5, 2023

California has no shortage of issues with its legalized cannabis marketplace. And when I talk about enforcement, I’m not talking about throwing people in jail for violating the Medicinal and Adult Use Cannabis Regulation and Safety Act– that isn’t even really possible anymore under state law.

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Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses. Published July 18, 2019.

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SpeedWeed

MARCH 20, 2021

State-legal cannabis companies aren’t stashing large stacks of cash behind walls or rubber-banded bankrolls in hidden vaults. billion of legal cannabis sales in the U.S. billion of legal cannabis sales in the U.S. But those banks are not the “national associations” of the world. Shannon Price | Adobe Stock.

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SpeedWeed

MARCH 18, 2021

State-legal cannabis companies aren’t stashing large stacks of cash behind walls or rubber-banded bankrolls in hidden vaults. billion of legal cannabis sales in the U.S. billion of legal cannabis sales in the U.S. But those banks are not the “national associations” of the world. Shannon Price | Adobe Stock.

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Cannabis Law Report

MAY 14, 2022

In this week’s edition: Large Majority of Americans Favor Legal Recreational Cannabis Under Federal Law. Large Majority of Americans Favor Legal Recreational Cannabis Under Federal Law – Nearly two-thirds of Americans want recreational cannabis use to be legal under federal law and in their own state.

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NORML

FEBRUARY 22, 2019

At the state level, the North Dakota House of Representatives defeated a decriminalization bill on the House floor by a narrow 43-47 vote. On the same day, LegalizeND announced that they will try again with a 2020 legalization ballot initiative. Update : HB 2149 was approved by the Public Safety Committee on 2/20. AZ resident?

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SpeedWeed

JUNE 14, 2021

Will all the activity lead to legalization – or even incremental progress on changing federal law? . Federal cannabis reform hasn’t passed into law, but it’s not for lack of trying. The current flagship legislation for comprehensive cannabis legalization, the MORE Act was first introduced in the summer of 2019.

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SpeedWeed

JUNE 14, 2021

Will all the activity lead to legalization – or even incremental progress on changing federal law? . Federal cannabis reform hasn’t passed into law, but it’s not for lack of trying. The current flagship legislation for comprehensive cannabis legalization, the MORE Act was first introduced in the summer of 2019.

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Cannabis Law Report

JULY 14, 2021

Here Are The Full Details Of The New Federal Marijuana Legalization Bill From Chuck Schumer And Senate Colleagues. Senate Leadership Releases Draft Legislation to Make Cannabis Federally Legal. The substance is legal in some form in 47 states. MJ Biz say. Here’s NCIA’s statement. We absolutely share Sen.

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SpeedWeed

MARCH 19, 2021

State-legal cannabis companies aren’t stashing large stacks of cash behind walls or rubber-banded bankrolls in hidden vaults. billion of legal cannabis sales in the U.S. billion of legal cannabis sales in the U.S. But those banks are not the “national associations” of the world. Shannon Price | Adobe Stock.

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NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Cannabis Law Report

JUNE 15, 2022

The alleged violations involve “pervasive irregularities” that prevented regulators from evaluating whether products from the licensees’ cultivation facilities were properly tested for quality and safety, security camera outages that were not reported to regulators, and improper use of pesticides on their products. and eleven o’clock p.m.”.

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Cannabis Law Report

AUGUST 31, 2022

Legal Status of Delta-8 THC. Specifically, the Farm Bill legalized hemp and its derivatives at the federal level, as long as it contains less than 0.3% Despite the federal status of Delta-8 THC, a number of states have passed laws regulating or outright banning Delta-8 THC and similar products. So What’s Next?

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Cannabis Law Report

AUGUST 24, 2019

From banking reform to labeling, state legislators are set to mull over at least five bills directly impacting the $2.5 billion legal cannabis industry in California, now ranked the fifth largest economy in the world. AB 228 legalizes the sale of these goods, which are especially popular with seniors and the health motivated.

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