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Clark County continues to eye pot-law changes

Cannabis Chronicles

After last year’s elections, the council began rethinking the ban, which has been in place since 2014. During the meeting, commissioners expressed concern about public engagement, opposition to legal marijuana in north Clark County and if the regulations were too restrictive. She said these grows are difficult to inspect.

Law 113
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ICYMI: The New FinCEN Hemp Banking Guidance

Canna Law Blog

.” Essentially, banking regulators are saying that financial institutions should treat “hemp-related businesses” like any other business when it comes SAR filings (unlike state-licensed cannabis businesses, which have their own special SAR filing system under the 2014 guidelines). ” No surprises there.

Banking 54
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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

As we previously explained : Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. The joint guidance also states that additional FinCen guidance will be released in the future.

Banking 64
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The Status of Cannabis Legalization in the South

Cannabis Law Report

The law provides for up to 12 cultivator licenses, up to four processor licenses, up to four dispensary licenses, and up to five integrated facility licenses. Arkansas voters approved a medical cannabis program on November 8, 2016, and the legislature subsequently amended the program through the Arkansas Medical Marijuana Amendment of 2016.

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Protecting Cannabis Trademarks in Anticipation of Federal Legalization

Cannabis Law Report

Given the territorial nature of trademark law, it may even be that counterfeiters in illegal states have a head start as to priority, as compared with the original companies that created the marks but operated strictly in accordance with state law. See NORML, State Laws – Legalization (last accessed Dec.

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Article – Faegre Baker Daniels: Key Considerations for U.K. Investment in the Legal Cannabis Industry Abroad

Cannabis Law Report

THC (legal term “marijuana”) is classified as a Schedule 1 drug and is illegal under federal law for any purpose (with the exception of FDA-approved research programs) by way of the Controlled Substances Act 1970. Attorneys, governing federal prosecution of offenses related to marijuana. In the U.S., Territoriality.

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The Deduction of Cannabis Business Expenses Following New York’s 2023 Budget

Cannabis Law Report

The use of cannabis for medical purposes has been permitted in New York since 2014. For better or worse, more states are sure to follow; in fact, according to a recent survey, more than 60 percent of Americans favor the legalization of cannabis for medical and recreational use. New York on Cannabis. CCA 202205024. xii] [link].