Canna Law Blog

NOVEMBER 16, 2023

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 79

Banking Business Cannabis Hemp 79

Cannabis Law Report

MAY 7, 2019

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.

Compliance 63

Compliance Compliance Research and Development Strains 63

Canna Law Blog

OCTOBER 29, 2019

Remember that a felony conviction, at either the state or federal level, results in a 10-year ban from participating in the legal hemp industry, unless a person was lawfully growing hemp under the 2014 Farm Bill before December 20, 2018. It’s the codification of the 2014 Farm Bill’s industrial hemp provisions.

Hemp 66

Hemp THC Compliance Compliance 66

Canna Law Blog

JANUARY 3, 2023

With the passage of the 2014 Farm Bill , CBD derived from hemp — if cultivated pursuant to a state research pilot program — got a little bit of precarious legal cover. Option 2 would likely be hugely expensive: we would see increased business failure as well as market consolidation.

CBD 75

CBD Food Clinical Trials Pets 75

Cannabis Law Report

OCTOBER 31, 2019

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

Banking Compliance Compliance Policy 45

Cannabis Law Report

MAY 25, 2022

Further, does the permissive Connecticut state law conflict with the federal law which makes it a federal crime to use, possess, or distribute marijuana, when it prohibits employers from discriminating against authorized persons who use medicinal marijuana outside of the workplace. 21a–408 et seq., Conclusion. Sneha Ajai.

State Laws 52

State Laws Law Therapy Recreational 52

Canna Law Blog

DECEMBER 5, 2019

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

Banking Hemp Compliance Compliance 64

Canna Law Blog

FEBRUARY 22, 2019

This is because although Section 10114 of the 2018 Farm Bill prohibits states from interfering with the interstate transport of hemp and hemp products, that protection is limited to hemp that was cultivated in accordance with Section 10113 of the 2018 Farm Bill.

Hemp 93

Hemp Agriculture Cultivation CBD 93

Canna Law Blog

FEBRUARY 2, 2020

Currently, NCDA is operating under the 2014 Farm Bill, not the 2018 Farm Bill. Apparently, that’s how the state wants to continue to operate. The Commission believes this “narrow timeframe” is an “unnecessary obstacle for compliance.” The Commission’s letter is worth reading.

Hemp 102

Hemp CBD Agriculture Cultivation 102

Canna Law Blog

AUGUST 23, 2019

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That includes regularly submitting Suspicious Activity Reports (“SARs”) to the Financial Crimes Enforcement Network (“FinCEN”).

Hemp 69

Hemp Business Cultivation Banking 69

The Blunt Truth

JULY 5, 2023

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

Law Recreational Policy Treatment 52

Canna Law Blog

JUNE 14, 2020

Wisconsin is one of the numerous states that opted to continue operating under the 2014 Farm Bill through the end the 2020 hemp growing season. The Wisconsin Department of Agriculture, Trade and Consumer Protection ( DATCP ) oversees the regulation of hemp in the state pursuant to Wis. and 2019 Wis.

Hemp 52

Hemp CBD Research and Development Packaging 52

Canna Law Blog

SEPTEMBER 10, 2020

Due to the federal illegality of cannabis, cannabis businesses don’t receive normal treatment from the federal government (with maybe one or two exceptions, like the NLRB and the 2014 FinCEN guidance for access to financial institutions). What does certification actually mean and entail?

Programs 60

Programs Agriculture Food Cultivation 60

SpeedWeed

FEBRUARY 19, 2021

When New York started its medical program in 2014, Gov. She said Curaleaf worked with the DOH to “bring these products into compliance” and resumed sales. True, the flower can be rolled into a joint, he said, but that doesn’t mean the product should be banned in a state that doesn’t allow smoking. . So what are patients to do?

Vaping 52

Vaping Patients Compliance Compliance 52

Canna Law Blog

APRIL 15, 2019

The 2014 Farm Bill allows for the limited cultivation of industrial hemp, but that bill requires that hemp be grown pursuant to an agricultural pilot program in compliance with state law. The 2014 Farm Bill is still in effect as the U.S.

Hemp 65

Hemp Agriculture THC Cultivation 65

Cannabis Law Report

FEBRUARY 8, 2020

Under a regulation authorized by the 2018 Farm Bill and issued in October 2019, all growers must have a license to grow hemp and must comply with applicable state, tribal or federal regulations or operate under a state or university research pilot, as authorized by the 2014 Farm Bill. The Farm Bill defines hemp as containing 0.3

Programs 59

Programs Hemp Seed-To-Sale Agriculture 59

Cannabis Law Report

JULY 31, 2019

Dish Network, LLC , the Supreme Court of Colorado analyzed whether a state statute prohibiting employers from discharging employees based on “lawful” out-of-work activities prevented employers from terminating employees for using marijuana. [16] 4, 2014); California Proposition 64 : Adult Use of Marijuana Act (Cal.

Law 40

Law Legalization Marijuana Policy 40

Cannabis Law Report

FEBRUARY 26, 2019

He advises on mergers and acquisitions, negotiating complex contracts and corporate governance, as well as regulatory compliance in the emerging cannabis and hemp industries. District Court in Idaho delivered some bad news to the owners of the contents of a tractor trailer recently seized by the Idaho State Police.

Agriculture 45

Agriculture Hemp Sativa Compliance 45

Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. Law Commission published a report, “Anti-money laundering: the SARs regime”, highlighting the need for guidance on transactions involving the legal cannabis industry in Canada and elsewhere. The law is stated as of July 2019 and is continually evolving.

Legalization 40

Legalization Banking Compliance Compliance 40

CannaMD

SEPTEMBER 15, 2020

MORE DETAILS: On June 16, 2014, Florida became the 22nd state to legalize (at least partial) access to medical marijuana when Governor Rick Scott signed the Compassionate Medical Cannabis Act of 2014. The governor also signed Senate Bill 1700 to protect the privacy of doctors recommending low-THC marijuana and their patients.

Law 126

Law Marijuana Patients Treatment 126

Cannabis Law Report

MAY 1, 2019

In February of this year, the California Bureau of Cannabis Control (“CBCC”) sent a letter to Weedmaps.com alleging that the website was “engaging in activity that violates state cannabis laws.” Because cannabis remains illegal under federal law, 7 and Section 230 explicitly does not “impair the enforcement of. 31 See Lisa N.

Legalization 45

Legalization Business Law Cannabis 45

Cannabis Law Report

APRIL 13, 2022

The use of cannabis for medical purposes has been permitted in New York since 2014. Many years ago, New York revised its income tax laws to achieve close conformity with the Federal system of income taxation. New York on Cannabis. Its recreational use was legalized only recently, in March of 2021.

Business 52

Business Cannabis Law Decriminalization 52

Canna Law Blog

JANUARY 31, 2022

While you still can’t register trademarks with the USPTO for cannabis goods, there is now all kinds of intellectual property and brand strategy that goes into state law registration and registration for ancillary goods and services classes. Compliance team. Intellectual property. It certainly can be done otherwise. 8.

Business 85

Business Compliance Compliance Banking 85

Cannabis Law Report

MAY 16, 2022

These centers shall have the capability of serving as community treatment referral centers and as court monitors of a person’s compliance with the ordered treatment, service alternative or community service. This act shall take effect immediately.

Consumption 52

Consumption Legislation Programs Concentrates 52

Cannabis Law Report

MAY 26, 2022

Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. In a 2013–2014 National Roadside Survey, more drivers tested positive for cannabis (12.6%) than for alcohol (8.3%; Berning, Compton, & Wochinger, 2015) with drivers aged 16–20 having the highest rates.

Dispensary 52

Dispensary Research and Development Safety Recreational 52

Cannabis Law Report

NOVEMBER 2, 2021

Five of them used an age verification form , which is in compliance with the FDA age requirements and state laws, where the customer has to upload a photo of a government ID, and the other required a signature on delivery of the package. 2014) How Cannabis Causes Paranoia: Using the Intravenous Administration of ?

THC 96

THC CBD Legalization Vaping 96

Cannabis Law Report

MARCH 21, 2019

Only CBD products produced in compliance with the Farm Bill would be legal by federal law. This means that in order for a CBD product to be federally legal, it must meet all of the federal and state regulations, be THC free, and have used hemp derived from a licensed grower.

State Laws 55

State Laws Law CBD Legalization 55

Cannabis Law Report

DECEMBER 22, 2019

The Beyond Compliant name comes from the language of Prop 64, which requires cannabis farmers to be “on the pathway to compliance” in abiding by the state’s new environmental regulations governing marijuana cultivation.” Clean Green >> Another third-party certification you can look for is called Clean Green.

Packaging 59

Packaging Cannabis Cultivation Agriculture 59

Connor & Connor PLLC

AUGUST 30, 2018

A 2014 FinCEN memo stated as follows: “Because federal law prohibits the distribution and sale of marijuana, financial transactions involving a marijuana-related business would generally involve funds derived from illegal activity.

Business 49

Business Marijuana Banking Collective 49

Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] Commissioner , 128 T.C. 173,178 (2007) (government concession that section 280Edoes not prohibit a taxpayer from claiming COGS). [8]

Business 72

Business Cannabis Seed-To-Sale Law 72

Canna Law Blog

FEBRUARY 17, 2023

Employment Law Disputes: The legalization of marijuana has created unique challenges for employers who have to balance state laws that allow marijuana use with federal laws that still prohibit it. As a result, there has been an increase in employment law disputes, such as wrongful termination or discrimination claims.

Banking 80

Banking Legalization Business Cannabis 80

Canna Law Blog

FEBRUARY 12, 2019

However, now that Sessions is out at the helm of the DOJ, industry folks can breathe a little easier where new Attorney General nominee William Barr has gone on record stating that state-law abiding cannabis businesses will not be prosecuted by the DOJ and essentially that the 2013 Cole Memo will be back from the dead.

Policy 59

Policy Law Marijuana State Laws 59

Cannabis Law Report

AUGUST 24, 2019

Alaska voters legalized recreational marijuana in 2014. The state generated more than $10 million in marijuana tax revenue from July 2017 to June 2018.” Marijuana-related businesses cannot continue the program beyond a pilot phase without the liability coverage, said Credit Union 1 CEO James Wileman.

Banking 49

Banking Marijuana Media Patients 49

SpeedWeed

MAY 14, 2021

It is long past time that these archaic laws are updated for the 21st century,” said Young, whose home state of Alaska legalized adult-use cannabis through a ballot measure in 2014.

Decriminalization 52

Decriminalization Legislation Banking Policy 52

SpeedWeed

MAY 13, 2021

It is long past time that these archaic laws are updated for the 21st century,” said Young, whose home state of Alaska legalized adult-use cannabis through a ballot measure in 2014.

Legislation 52

Legislation Banking Policy Advocacy 52

Cannabis Law Report

MARCH 25, 2019

Congress could pass a law that would legitimate marijuana activities, but only to the extent an individual or commercial enterprise acts within the letter of state law. State-compliant cannabis activity would no longer violate federal criminal law. Emphasis added).

Banking 45

Banking Law Marijuana State Laws 45

Cannabis Law Report

JULY 30, 2019

Instead, medical marijuana physicians will provide patients with a medical marijuana recommendation or “ order ,” in strict compliance with Florida state law. . then an out of state I.D., with proof of state residency such as bank statement, utility bill, etc. as proof of residency. is acceptable. .

Marijuana 40

Marijuana Patients Edibles Programs 40