Canna Law Blog

NOVEMBER 16, 2023

We are helping build out another cannabis banking program here in Oregon. My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. Bank Secrecy Act / Anti-Money Laundering (“BSA/AML”) compliance is a significant undertaking for FIs even outside the cannabis space.

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Cannabis Law Report

AUGUST 19, 2021

Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Caution Regarding Cannabis Operations in the United States. The statements in this press release are made as of the date of this release.

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Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The NCUA noted that credit unions will be able to provide the customary range of financial services for business accounts, including loans, to hemp businesses, but that credit unions will still need to ensure compliance with the Bank Secrecy Act and Anti-Money Laundering requirements. Last week at a CannaGather event in New York City Rep.

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Cannabis Law Report

OCTOBER 4, 2021

million in cash with contingent consideration of up to $40 million in equity of The Parent Company upon completion of milestone events and a $9 million option to acquire the remaining equity of a southern California dispensary that Coastal currently holds a minority interest in, as described in more detail below (the “Agreements”).

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Cannabis Law Report

FEBRUARY 16, 2022

The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States.

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Cannabis Law Report

AUGUST 24, 2021

“The increasing demand for regulated marijuana cultivation space and consumer products in Arizona has gone far beyond initial projections as the result of the recently approved and implemented adult-use marijuana program. At this time, the Company is unable to estimate the impact of this event on its operations. Neko Catanzaro.

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Canna Law Blog

SEPTEMBER 4, 2019

Foods containing unapproved parts of the hemp plant may not be distributed in Washington State under a Washington State Food Storage Warehouse License. Federal and State laws do not permit the manufacture and retail sales of CBD as a food ingredient in foods and beverages for sale in retail food establishments.

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Cannabis Law Report

MAY 16, 2022

Upon sentencing, the court shall forward to the Division of Mental Health and Addiction Services’ Intoxicated Driving Program Unit a copy of a person’s conviction record. 39:4-50.16 39:4-50.16 et al.); (iii) (Deleted by amendment, P.L.2019, 39:4-50.16

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Cannabis Law Report

OCTOBER 12, 2021

Since 2017, Jill has led the finance, administration and compliance oversight functions for Venom Extracts. In addition, pursuant to an employment agreement with Mr. Jake Cohen , the Company has agreed to make certain bonus payments in the event of the successful expansion of the Company’s business into new states.

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Greenspoon Marder Cannabis Law Group Blog

APRIL 19, 2021

Ordinance Repealing the Cannabis Consumption Pilot Program. Ordinance Repealing the Cannabis Consumption Pilot Program. With the passage of House Bill 19-1230 allowing for state-licensed hospitality licenses, Denver needed to modify its marijuana consumption program to comply with the new state law.

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Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. Law Commission published a report, “Anti-money laundering: the SARs regime”, highlighting the need for guidance on transactions involving the legal cannabis industry in Canada and elsewhere. The law is stated as of July 2019 and is continually evolving.

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The Joint Blog

DECEMBER 2, 2019

The Midwestern states’ launch into the potentially lucrative recreational market comes at a turbulent time for the industry, which has been rocked by layoffs, the vaping health scare and investor disappointment with Canada’s marijuana program. A low-interest loan program for these applicants also was created as part of the law.

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Cannabis Law Report

NOVEMBER 29, 2021

Harborside will have the option to accelerate the expiration date of the Warrants in the event that the volume weighted average trading price of the SVS is equal to or greater than US$5.00. This loan is one of our first in our new lower cost stabilized lending program.

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CannaMD

SEPTEMBER 15, 2020

In accordance with state law, all CannaMD doctors hold an active, unrestricted license as either an allopathic physician or osteopathic physician and are in compliance with all state-mandated education requirements. MORE DETAILS: As medical marijuana physicians ourselves, this one is easy! Let us be blunt.

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SpeedWeed

MARCH 7, 2021

Now, I understand that Alabama is a relatively newer hemp program. Did the Samson Extracts’ team always want to get involved with the hemp program? Is it very different than the other compliance you’ve had to do for the Department of Agriculture? That’s the law. ‍ Bill Owens: Yes, we did.

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Cannabis Law Report

JUNE 15, 2022

In addition, the licensees must execute a management agreement with a third-party operator to manage and operate the remaining facilities that the department will continue to permit in compliance with state law. PSCs are categories on an RSF to classify business based on known areas of anti-money laundering compliance issues.

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Canna Law Blog

NOVEMBER 16, 2021

In the event a Tribe or State doesn’t develop a plan or the plan is rejected by USDA, then growers will just follow the overall system put together by USDA (these directives are very similar to the standards set out in the 2018 Farm Bill, legalizing hemp). Age limits (21). Federal Alcohol Administration Act control.

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Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. State-compliant cannabis activity would no longer violate federal criminal law. Emphasis added).

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Cannabis Law Report

OCTOBER 17, 2019

States may have made it legal or decriminalized it, but federal law trumps state law, and for both medical and recreational use cannabis remains illegal.”. Meanwhile, as of this writing, 33 US states have implemented some form of medical marijuana program. Medical Legalization Continues Around the World.

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