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In Congress, a Changed House Finally Looks at Cannabis Banking

SpeedWeed

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. “We are all late,” Rep. .

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Rep Heck: We’re late to implement the SAFE Banking Act. Read his press release, the draft bill & full meeting package

Cannabis Law Report

FIRST CONGRESSIONAL HEARING HELD ON CANNABIS BANKING. Today the House Financial Services’ Subcommittee on Consumer Protection and Financial Institutions held the first-ever congressional hearing on the issue of cannabis banking. . To continue to do nothing to protect public safety would be negligence.”. Feb 13, 2019 .

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Report: Federal Reserve Bank of Kansas City -“Is the Colorado Marijuana Industry Showing Signs of Maturation?”

Cannabis Law Report

xxi Employees with support occupational licenses typically represent entry-level staff marijuana positions, most commonly budtenders within dispensaries, while key occupational licenses are required for individuals who work in operational or managerial positions. 2013, August 29) Guidance Regarding Marijuana Enforcement.

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CPA Journal Article: “Providing Services to the Marijuana Industry”

Cannabis Law Report

Barr stated, “I am not going to go after companies that have relied on the Cole memorandum,” referring to the 2013 Obama administration policy of not enforcing marijuana prohibition in states where legalization has been established. “To Nevertheless, during his confirmation hearing in January 2019, Attorney General William P. Comm’r , T.C.

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While Legalization Stalls, Some Push For Cannabis Banking Services

Cannabis Law Report

Dispensaries and other marijuana industry companies continue to have difficult time getting cannabis banking services. Senate, at least for the moment, some lawmakers are turning their attention to dealing with weed-related banking issues. It’s something he’s pushed for since 2013.

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California “Burner Licenses” Continue to Plague

Canna Law Blog

This burner license issue has gotten so bad that The Green Market Report recently detailed how a California cannabis entrepreneur found his own, branded cannabis products on the shelves of a New York dispensary. The dispensary let him know that it came from a “burner distro” in California.

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The Nevada Independent Provides A Great Review Of All Current Legislation

Cannabis Law Report

These days, the industry in Nevada faces some steep challenges, including the lack of banking services and some serious questions — raised in numerous lawsuits — that the state’s process for distributing conditional licenses was unfair. Marijuana used to be heroin in Nevada back in 2013. Pilot program for banking.