Canna Law Blog

MAY 5, 2019

Not surprisingly then, deals involving cannabis have received scrutiny from the SEC and given rise to civil lawsuits and criminal proceedings. The last of these suspect deals involved cannabis. In May 2017, ESSI announced it was acquiring Ga-Du Bank, Inc. (a On such case is Bell on Behalf of Eco Sci. in early 2017 to $0.28

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Banking Cannabis Business Marijuana 77

SpeedWeed

MARCH 18, 2021

This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry. Cannabis and Banking. This serves as a warning to the banks and credit unions who do already work with the cannabis industry. All over the U.S.,

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Banking Compliance Compliance Access 52

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

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Banking Legislation State Laws Business 71

The Blunt Truth

MARCH 5, 2020

Over at the Food and Drug Administration , new director Dr. Stephen Hahn called it a “fool’s errand” to prohibit CBD use; the industry is still awaiting federal regulations. Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. STATE NEWS. See you next week!

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Canna Law Blog

MARCH 20, 2023

Why aren’t banks more involved? Federal laws preventing money laundering and other financial crimes create regulatory hurdles so significant for most major banks to service cannabis businesses that it just isn’t worth the compliance burden. Howey tells us All private capital raises implicate securities laws.

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Business Banking Compliance Compliance 73

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). Which brings us to the merry, merry month of May, and the flood of comments on CBD products and how they should be regulated.

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Banking Hemp Agriculture Seed-To-Sale 71

Veriheal

OCTOBER 7, 2020

COVID-19 has affected the relationships being cultivated between cannabis businesses and banks. Banks love the green, they love businesses that grow and continue to bring in more green UNLESS that green has anything to do with a plant called cannabis. The Pandemic Plays a Bigger Part Between Banks and Cannabis Businesses.

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Banking Business Hemp Cannabis 52

Cannabis Law Report

JULY 8, 2021

The Eaze app features: On-Demand Delivery, Order Tracking, and Easy Payment: Cannabis delivered safely to the door of customers verified 21+, real-time order tracking and easy payment via debit card, bank account, or cash. Amazing Deals: Shop Eaze’s selection of rotating deals for the biggest blaze for your buck.

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Policy Access Banking Cannabis 111

Cannabis Law Report

SEPTEMBER 12, 2021

Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E.

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Banking Law Legalization Hemp 89

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? CCIA and The Liaison Group have been working tirelessly behind the scenes on SAFE Banking.

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Banking Access Business Programs 52

Canna Law Blog

AUGUST 2, 2022

Inflation is taking a toll on everything from wages to investment, and the classic struggles around taxation, banking, etc. Listen up friends. The Oregon Liquor and Cannabis Commission (OLCC) plans to drop the hammer on bad actors in the regulated Oregon market. Sounds pretty serious. We’ve been waiting for this release to drop.

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Environment Compliance Compliance Policy 77

The Blunt Truth

FEBRUARY 18, 2020

One of the panelists is addressing the deficiencies in the supply chain and provides a “white label” facility for growing, developing new products, and analyzing technical data, among other services. . – Access to US capital markets is becoming increasingly difficult for the cannabis industry. Stay tuned.

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Supply Chain Dispensary Banking Business 108

Cannabis Chronicles

MAY 22, 2019

Some of the outcomes we’re interested in looking at, is what kind of cannabis are they using? This partnership with WSU and Qwibil will help us research the safety and efficacy of cannabis as medicine for our patients’ use.”. What effect is it having on their pain or well-being, and their quality of life?”.

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Cannabis Law Report

JANUARY 17, 2022

Let us not forget the State agencies themselves are in questionable alliances, for example, in Las Vegas, Nevada, the State taxing authority was not handing out lucrative cannabis distribution licenses to legally approved cannabis businesses, they were providing the licenses to only alcohol distribution companies. AUTHOR: William Fowler.

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Business Banking Legalization Agriculture 52

Cannabis Law Report

JANUARY 10, 2020

To kick off 2020, we thought it would make sense to provide an update on what’s been going on in Illinois over the last few weeks (there’s been a lot) and is continuing to keep us extremely busy. This unfortunate incident underscores two important and related issues the cannabis industry is wrestling with: banking and security.

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Banking Dispensary Agriculture Recreational 59

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. Most of us take financial services for granted.

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Cannabis Law Report

NOVEMBER 30, 2021

Let us not forget the State agencies themselves are on the take too, for example, in Las Vegas, Nevada, the State taxing authority was not handing out lucrative cannabis distribution licenses to legally approved cannabis businesses, they were providing the licenses to only alcohol distribution companies. their hefty return on investment.

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Business Banking Legalization Agriculture 52

Cannabis Law Report

NOVEMBER 7, 2019

Folium Biosciences, based in Colorado, is one of the US’s largest privately owned CBD processing companies. As the demand for CBD has risen from many sectors of the US & international economy over the last 36 months, so, it seems, has the desire to process business without the normal checks and balances.

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Hemp Research and Development Banking CBD 104

Cannabis Law Report

JULY 16, 2021

Was the agency — the CLA — formed to get us up to international standards, or was it formed to keep us down? It is also to be tasked with preparing for the passage of legislation in the US, which will put financial institutions in a position to bank the industry — a major obstacles to moving the industry forward.

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SpeedWeed

MAY 10, 2021

billion deal. The handshake was not surprising as far as merger-and-acquisition activity in the cannabis space, which has been hot and heavy since the November 2020 election, but the whopping price tag attached to the deal was a head-turner, said Jonathan Havens, a partner at Saul, Ewing, Arnstein and Lehr’s Philadelphia-based law firm.

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Seed-To-Sale Dispensary Patients Retail 52

SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. What led me to the cannabis industry is the iPads in the airports that you see across the US.

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Banking Seed-To-Sale Supply Chain Compliance 52

Cannabis Law Report

MAY 12, 2019

of the outstanding Subordinated Voting Shares of Acreage Holdings, Inc but the question is will other institutionals take a look at the deal now. Let us explain. In total, Canopy’s market capitalization has increased by roughly US $3.5 In total, Canopy’s market capitalization has increased by roughly US $3.5

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Research and Development Banking Media Patients 51

SpeedWeed

MAY 11, 2021

billion deal. The handshake was not surprising as far as merger-and-acquisition activity in the cannabis space, which has been hot and heavy since the November 2020 election, but the whopping price tag attached to the deal was a head-turner, said Jonathan Havens, a partner at Saul, Ewing, Arnstein and Lehr’s Philadelphia-based law firm.

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Seed-To-Sale Dispensary Patients Retail 52

Cannabis Law Report

DECEMBER 11, 2019

MTN Botanicals didn’t do a deal with Brenda but Brenda but in conversation Brenda told them that Mertz was actively trying to sell NHE and move its assets out of state; Brenda said the potential deal was in the millions. on behalf of MTN Botanicals. on behalf of MTN Botanicals.

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Hemp Seed-To-Sale Strains Banking 98

Cannabis Law Report

MAY 25, 2019

How is it that the Department of Justice will prosecute a bank that commits money laundering but not a real estate investment trust that launders money? Therefore, can a marijuana business go to a bank for a loan for an infusion of capital to expand their operations?

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Banking Marijuana Law Business 56

Cannabis Law Report

MARCH 4, 2022

Most marijuana dispensaries manage to get off the ground thanks to investors and personal savings because banks don’t give out loans to dispensaries. Angel investors are people who will give money to your business in exchange for equity or loan it to you with an interest, just like a bank would. Write a business plan.

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Dispensary Marijuana Banking Business 59

Cannabis Law Report

FEBRUARY 2, 2022

In the coming year, we plan to aggressively scale our assets under management while bringing more novel deal structures and lending solutions to some of the largest and fastest-growing cannabis companies.”. First in the cannabis industry to secure up to a $20M line of credit with an FDIC–insured bank at 4.75% and no non-usage fees.

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Programs Banking Cannabis Dispensary 52

Cannabis Law Report

FEBRUARY 2, 2022

As part of Palo Santo’s mission to address the growing global mental health crisis by increasing the supply of clinically effective and accessible treatment solutions, Lomis joins the firm’s founders and scientific advisors to assist in all elements of deal sourcing, thesis development and due diligence.

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Treatment Medicine Access Therapy 52

Cannabis Law Report

JANUARY 11, 2022

So, where do we get the best deals on this herbal weed? So, let us check how the legalization of weed influenced its boom. The Coalition to Regulate Marijuana Like Alcohol (CTRMLA ) initiative makes weed consumption identical to alcohol consumption, authorizing any US adult to buy weed for recreational usage.

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Dispensary Extraction Consumption CBD 52

Canna Care Docs

DECEMBER 3, 2021

we have a tip: try using cannabis for a sense of calm in your life. We’re all dealing with a range of experiences in our lives that make this time of year challenging in different ways. Tip: vape pens and tinctures are more discreet ways to use cannabis during stressful moments, if necessary. Managing holiday grief.

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Sleep Strains Treatment CBD 52

Cannabis Law Report

JULY 26, 2019

The journey to find a custodial bank, fund administrator, and a law firm that was willing to sign a rigorously inspected opinion letter took Markiewicz over a year. But its top tier custodial bank U.S. Getting that approval letter from Greenberg Traurig was a big deal,” said Markiewicz. Mark Markiewicz.

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Banking Cannabis Law Media 86

Canna Law Blog

NOVEMBER 17, 2021

We deal with domestic ethics rules regularly and we have covered aspects of the U.S. d) issues presented by state legalization of marijuana, whether for medical or adult use. The lawyer had established lawyer trust accounts (called “IOLTA” accounts) at a local bank, to pay bills and taxes for the client stores. b): Misconduct.

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SpeedWeed

MAY 12, 2021

billion deal. The handshake was not surprising as far as merger-and-acquisition activity in the cannabis space, which has been hot and heavy since the November 2020 election, but the whopping price tag attached to the deal was a head-turner, said Jonathan Havens, a partner at Saul, Ewing, Arnstein and Lehr’s Philadelphia-based law firm.

Business 52

Business CBD Seed-To-Sale Dispensary 52

SpeedWeed

MAY 11, 2021

billion deal. The handshake was not surprising as far as merger-and-acquisition activity in the cannabis space, which has been hot and heavy since the November 2020 election, but the whopping price tag attached to the deal was a head-turner, said Jonathan Havens, a partner at Saul, Ewing, Arnstein and Lehr’s Philadelphia-based law firm.

Business 40

Business Seed-To-Sale Dispensary Patients 40

SpeedWeed

MAY 11, 2021

billion deal. The handshake was not surprising as far as merger-and-acquisition activity in the cannabis space, which has been hot and heavy since the November 2020 election, but the whopping price tag attached to the deal was a head-turner, said Jonathan Havens, a partner at Saul, Ewing, Arnstein and Lehr’s Philadelphia-based law firm.

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Seed-To-Sale Dispensary Patients Retail 40

Cannabis Law Report

APRIL 26, 2022

Yet these companies are building businesses in a tough market plagued by myriad challenges, from banking prohibitions to ever-changing regulations. This was a huge driver for us, to say, ‘Hey, we’re already putting this code on the pack, so why don’t you, the supply chain, just use it, too’.”.

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Cannabis Law Report

DECEMBER 23, 2019

To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. December 2019 – Federal banking regulators take steps to allow for financial services for hemp related businesses. .

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Law Banking Hemp Retail 59