Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019. Specifies how businesses on tribal land could qualify; and.

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Banking Marijuana Legislation Business 91

Cannabis Law Report

SEPTEMBER 24, 2019

Monday, September 23, 2019. As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act.

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Banking Law Compliance Compliance 40

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.

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Banking Compliance Compliance Policy 45

Cannabis Law Report

FEBRUARY 4, 2019

Winter Edition 2019 – Cannabis. 2019 Legislative Session – Agency Proposed Legislation. On January 9, 2019 the Board approved a motion to make the effective date for all marijuana product, packaging and labeling requirements Jan 1, 2020. Have lost their bank. The bank has denied their application.

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Cannabis Law Report

DECEMBER 23, 2019

Posted by Alexa Steinberg, Esq. | Dec 20, 2019 . It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. Here’s a look back at 2019 and a projection of what’s to come in 2020 Cannabis Law. .

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Law Banking Hemp Retail 59

NORML

FEBRUARY 22, 2019

Regulators in Iowa added two new medical cannabis qualifying conditions to the current list, ulcerative colitis (effective immediately), and severe pediatric autism with self-injurious or aggressive behaviors (effective 4/2/19). Click here to email your Representative and urge them to support this important legislation. AZ resident?

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Legislation Hemp Compliance Compliance 179

Cannabis Law Report

FEBRUARY 15, 2019

Currently, two main drivers are responsible for market growth in California: the conversion of black-market consumers to legal consumers, and the emergence of new cannabis consumers who were previously held back by the stigma of consuming an illegal product. 2019 California Cannabis Forecast. link]. . . About this Event.

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Cannabis Law Report

AUGUST 8, 2019

Webinar Overview: The cannabis industry is experiencing rapid growth, with many license holders going public, several mergers and acquisitions, and an increase in multi-state operations, it can be difficult to stay on top of the evolution. The current status of cannabis banking. The current status of cannabis banking.

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Banking Compliance Compliance Business 40

Cannabis Law Report

JULY 2, 2019

July 1 2019. The world of marijuana banking has been rife with compliance risks for years. The risks and significant compliance burden of serving a business that is still federally illegal has led to a smaller number of institutions choosing to serve these customers. Bank Secrecy Act Compliance.

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Banking Hemp Marijuana Compliance 40

The Blunt Truth

SEPTEMBER 10, 2019

Following last year’s passage of the 2018 Farm Bill, the National Credit Union Administration (NCUA) issued a regulatory update in August of 2019 to federally insured credit unions. The NCUA instead stressed the need for robust compliance systems to detect unusual suspicious activities warranting such filings.

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Hemp Business Compliance Compliance 78

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. Actions to Take.

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Legislation Patients Access Seed-To-Sale 171

Cannabis Law Report

JANUARY 12, 2022

H&R Block Inc has recruited its new top lawyer from Tilray Inc, hiring Dara Redler, the Canadian cannabis producer’s interim chief legal officer. which leads Canada in cannabis market share. Redler had previously been general counsel and chief compliance officer for Tilray. Time, as always, will tell. Bloomberg say.

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Banking Compliance Compliance Legalization 98

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. percent on a dry weight basis.” The Joint Statement.

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Hemp Business Banking Agriculture 59

NORML

JUNE 14, 2019

House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Governor John Bel Edwards (D) of Louisiana signed legislation into law giving patients the option to inhale medical cannabis through vaporization. California.

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Legislation Banking Access Hemp 148

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Legislation Hemp Patients Compliance 136

Cannabis Law Report

MARCH 13, 2019

Here’s their press release in full…… DeJoy, Knauf & Blood LLP Launches Cannabis and Hemp Advisory Practice. The new practice leverages the firm’s in-depth cannabis and hemp industry knowledge and expertise of the tax implications, regulatory environment, as well as critical operating and financial procedures.

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Hemp Business Banking Concentrates 71

Cannabis Law Report

FEBRUARY 14, 2019

PUBLISHER: CANNABIS LAW REPORT. . The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee.

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Banking Compliance Compliance Access 40

Cannabis Law Report

DECEMBER 12, 2019

Due mainly to legal reforms at the state level, 2019 legal cannabis sales are expected to generate over $10 billion in revenue. Some industry analysts project revenue from legal cannabis sales will double over the next five years as more states seem poised to follow the trend towards cannabis reform. 845 (10th Cir.

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Compliance Compliance Chronic Pain Banking 59

Cannabis Law Report

SEPTEMBER 12, 2021

NCUA’s Rodney Hood said at the PBC Conference that he’s “concerned that the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough,” and congressional inaction is largely to blame. Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup.

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Banking Law Legalization Hemp 89

Cannabis Law Report

SEPTEMBER 10, 2019

Appel on September 10, 2019. Following last year’s passage of the 2018 Farm Bill, the National Credit Union Administration (NCUA) issued a regulatory update in August of 2019 to federally insured credit unions. By Tonya M. Esposito & Renee B.

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Hemp Business Compliance Compliance 45

NORML

FEBRUARY 15, 2019

The House Financial Services subcommittee on Consumer Protection and Financial Institutions held a hearing Wednesday to address the lack of access to basic banking services by state-legal marijuana businesses. Click here to email your lawmakers in support of cannabis as an alternative to opioids. CO resident? FL resident?

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Legislation Hemp Compliance Compliance 163

Cannabis Law Report

SEPTEMBER 20, 2019

They write… In this week’s edition: Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October. DEA increases the cannabis research quota. Battle heating up over Florida ballot initiative to legalize cannabis for adult use.

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Vaping Banking Research and Development DEA 40

NORML

MAY 31, 2019

Governor Jared Polis (D) of Colorado signed multiple cannabis reform bills into law that regulate cannabis delivery services and social consumption spaces, and reduce criminal penalties for the possession of large quantities of cannabis. Click here to email your governor in support of medical cannabis access. AL resident?

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Legislation Access Banking Hemp 111

Cannabis Law Report

MAY 26, 2019

This pdf “e-book” has a publication date of 24 May 2019 and is authored by partners Joshua Horn & William Bogot. They write, “This survey was prepared by the Fox Rothschild Cannabis Law Practice as a quick reference to relevant laws and statutes governing marijuana usage in the United States.”

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Law Marijuana Compliance Compliance 55

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses. Published July 18, 2019.

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Banking Safety Business Legislation 40

NORML

MAY 24, 2019

Members of the Massachusetts Cannabis Control Commission have decided to advance plans to regulate social marijuana use facilities. Governor Jared Polis (D) of Colorado signed legislation into law that allows physicians to recommend medical cannabis for any condition for which an opiate would otherwise be prescribed. AL resident?

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Legislation Hemp Access Patients 168

NORML

MAY 17, 2019

Medical cannabis sales kicked off in Arkansas last Friday as the first dispensary opened its doors. Governor Jay Inslee (D) of Washington signed legislation into law to allow individuals with prior low-level cannabis convictions to apply to the sentencing court to have their record vacated. CA resident? CA resident? CA resident?

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Legislation Hemp Compliance Compliance 136

Cannabis Law Report

JUNE 11, 2019

June 10 2019. Since the legalization of recreational cannabis use in Canada in October 2018, investment has flowed into the cannabis sector. Financial institutions, cannabis businesses, and investors should therefore be very mindful of AML considerations. Article by Consumer Markets Perspectives , Paul A.

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Compliance Compliance Business Policy 40

Cannabis Law Report

MARCH 17, 2020

United States: Ethical Issues For Attorneys Providing Services To The Cannabis Industry. It is estimated that the legal cannabis industry could reach $30 billion in sales and employ nearly half a million full-time workers by 2023. In one year, cannabis companies raised $13.8 16 March 2020. by Scott O’Connell. Nixon Peabody.

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Compliance Compliance State Laws Law 59

Cannabis Law Report

JULY 4, 2019

Canada : Questions Regarding Canadian And Uruguayan Cannabis Laws. Last Updated: July 3 2019. However, there is the practical issue that any license granted by IRCCA to a cannabis company involves a thorough review by IRCCA of the shareholding structure, ultimate beneficial owners and legitimate origin of funds of the cannabis company.

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Law Banking Seed-To-Sale Cannabis 40

Cannabis Law Report

JULY 28, 2022

In a sign that the cannabis industry is attracting investor interest far beyond just alternative lifestyle, health and wellness entrepreneurs, even the UK’s Channel 4 broadcasting company has got in on the investment act – or rather its venture capital arm has. ” Cannabis health benefits. billion by 2025.

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Legislation CBD Media Recreational 52

Cannabis Law Report

NOVEMBER 7, 2019

CannTrust was a wake up for the regulated Canadian market will Folium be the same for the USA as 2019 draws to a close. Colorado has long been regarded one of the the US’s better state markets for efficient compliance and good regulatory management by state and local authorities. Teri Buhl reports. Australis is a U.S.

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Hemp Research and Development Banking CBD 104

Cannabis Law Report

APRIL 23, 2019

PUBLISHER: CANNABIS LAW REPORT. Prior to getting involved in Tax Law, Dionne was a litigator for several years, representing Lenders, Banks and Servicers in Foreclosure actions. Setting up routes and ensuring compliance with both the Department of Transportation and state medical or adult-use marijuana laws is difficult.

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Banking Marijuana Law Business 45

Cannabis Law Report

SEPTEMBER 16, 2022

The changes in the cannabis industry in Southeastern United States represent some of the most surprising and remarkable changes in the history of the industry. The South is well positioned to be a leader in the cannabis industry, and in some ways, it should be expected. Existing Cannabis Regimes. Hunter Robinson. Slates Veazey.

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Law Programs Cultivation Dispensary 52

Marijuana Lawyer Blog

APRIL 15, 2019

Attorney General said he’d favor a new bill protecting cannabis businesses and users from federal prosecution as long as they were in compliance with federal law. This measure has broad bipartisan support, as does another that would shield banks doing business with these companies from federal money laundering charges.

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The Blunt Truth

OCTOBER 29, 2019

Through a reintroduced House bill, Congress is taking strides to push for cosmetic regulation reform and, separately, through the SAFE Act, it is seeking to establish a safe harbor for financial institutions to support the burgeoning cannabis industry. On October 29, 2019, the USDA issued its proposed rule for hemp production.

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Hemp Legislation CBD Research and Development 45

Cannabis Law Report

AUGUST 6, 2019

PUBLISHER: CANNABIS LAW REPORT. In a July 24, 2019 dated guidance, Pennsylvania’s Department of Agriculture (“DOA”) announced it will be randomly collecting and testing hemp variety samples from 25% of licensed hemp growers for tetrahydrocannabinol (“THC”) content. AUTHOR: Steve Schain , Hoban Law Group.

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