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Minnesota Senate Considers Modernizing Medical Cannabis Program; House Pushes for Full Legalization

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Power entered the cannabis industry in 2013 when there were little to no experts in the space. Traditional methods weren’t available, like getting a loan from the bank, because the industry was still federally illegal.”. © Courtesy of Giving Tree Power. © Courtesy of Curaleaf Gordon . View original article.

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Simplifya Announces the Appointment of Mercury Payment Systems Inc. and MassPay Incorporated Cofounder Jeffrey B. Katz to Its Board of Directors

Cannabis Law Report

We’re thrilled to welcome him to Simplifya’s Board of Directors, and look forward to working closely with him as we continue to deliver a comprehensive suite of regulatory and operational compliance solutions to cannabis businesses, regulatory bodies and the banking, financial and payment-related services sectors.”. “As

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IRS Updates CTR Exams

Cannabis Law Report

The examiner must confirm the bank account on the CTR is the taxpayer’s, or whether the bank account belongs to an entity related to the taxpayer. The examiner must trace the transaction on the CTR to the taxpayer’s bank account. E-filing of FBAR became mandatory on July 1, 2013. IRS Updates CTR Exams.

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Women in Cannabis like Alison Gordon are Shaping the Industry –

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Gordon explains: “Twelve years ago, a close family member became diagnosed with terminal cancer and began using medical cannabis (under the old MMAR program) to treat themselves. Alison Gordon took on a huge risk going into this business 2013 since women in cannabis aren’t well represented. Banking and finance is a very male world.”.

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Nixon Peabody on Mondaq: United States: Ethical Issues For Attorneys Providing Services To The Cannabis Industry

Cannabis Law Report

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services. Compliance program.

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Beyond Blue Dream: A Haze strain family genealogy

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As legend foretells, these Haze Brothers selections got into the hands of two fabled breeders, Dave Watson (better known as Sam the Skunkman) and Nevil Schoenmakers , who established Holland’s The Seed Bank thanks to a loophole in Dutch drug law. 1984: Nevil reportedly starts The Seed Bank with a High Times ad. Bay Area C.R.A.F.T.

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Prohibitionists want THC-limit laws. Here’s why patients and consumers are fighting back

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Many will be priced out of what patients already complain is a too expensive medical marijuana program, instead seeking out the black market.”. Such a cap would render the SAFE Banking Act all but useless, as most cannabis products contain far more than 2% THC. . Another way to prohibit cannabis. In 2019, Sen. ” RT if you agree!

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