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Minnesota’s New Recreational Cannabis Law Results in First-Of-Its-Kind Drug Testing Scheme

The Blunt Truth

Since 2014, Minnesota has provided applicants and employees with protections if they lawfully use cannabis for medicinal purposes. This expanded definition should avoid litigation in Minnesota over whether the CPA covers a product that is legal under state law, but not federal law, as we saw in Coats v.

Law 52
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California DBO Offers Guidance on Cannabis Banking

Cannabis Law Report

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships. Why it matters.

Banking 45
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Cannabis Banking Today

Canna Law Blog

My law firm has done a series of these for credit unions (“CU”s) and other financial institutions (“FIs”) going back to 2014. MRB defined The term “MRB” is used pervasively in cannabis banking, yet this term is not defined in the moldering 2014 Financial Crimes Enforcement Network “FinCEN” Guidance. That’s banking.

Banking 80
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Claim & Counterclaim In British Columbia Supreme Court Over Cannabis Company Loan Repayments

Cannabis Law Report

The Company alleges that the terms of the Agreement include, amongst others, a repayment of the $1,000,000 loan by transferring $100,000 to Veritas and by assigning its interest in the asset purchase agreement to acquire a marijuana production operation in Washington State. ABOUT LIHT CANNABIS CORP. Liht Cannabis Corp.

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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. The joint guidance makes clear that banks have discretion about what services to offer, but that bank clients must comply with applicable law.

Banking 64
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How to Get a Credit Union Account for Your Hemp Business

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. With the ever-changing laws and regulations, hemp businesses should expect to discuss the efforts they make to stay up-to-date on law and policy regarding hemp.

Hemp 69
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Article: In the Weeds: Marijuana Legalization & Employment Laws

Cannabis Law Report

This article summarizes the current, confusing framework of federal statutes, state statutes, and judicial decisions addressing employers’ rights and obligations relating to marijuana use, and provides practical advice for employers in states where medical or recreational marijuana use has been legalized.

Law 40