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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Cannabis Info

SEPTEMBER 9, 2019

8 Cannabis Trends to Watch in 2019. People are watching to see what industries are spawned from the devil marijuana seed and what legal/social/policy and regulatory issues will come up because of its legalization in 2018. It will happen in 2019. I figure it’s replacing one bad egg for another with no moral compass.

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Pharmaceutical Banking Edibles Cannabis 63

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

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. banks are skittish about doing business with dispensaries in legal states. With cannabis still being illegal on a federal level, financial institutions fear reprisals. SAFE Banking Act of 2019”) to protect banks against such prosecution.

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NORML

MARCH 20, 2020

That is why this week, NORML reached out to our numerous allies on Capitol Hill to ensure that any Unemployment Insurance aid packages considered by Congress provide relief to cannabis-industry personnel who have been or will be either furloughed from their jobs. Why this clarification is important.

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Business Legislation Access Policy 337

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

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Authored By: By Dr. Ayoka Nurse.

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Policy Research and Development Collective Banking 105

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

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Banking Legislation State Laws Business 71

Cannabis Law Report

DECEMBER 23, 2019

Posted by Alexa Steinberg, Esq. | Dec 20, 2019 . To kick us off, hemp was legalized at the federal level, and we entered into unchartered territory, navigating uncertain waters of the newest arm of the cannabis industry with a lack of regulation or guidance. TOP Defining Moments in Los Angeles Cannabis.

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Law Banking Hemp Retail 59

Cannabis Law Report

JULY 4, 2021

Cannabis stocks have welcomed the change in ownership of Pershing Australia from Bank of New York Mellon (BNYM) to Finclear Pty Ltd which – effective immediately – will allow the trading of cannabis securities on the ASX. Cannabis stocks celebrate Pershing ownership change.

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Banking Pharmaceutical Cannabis Policy 105

Canna Law Blog

APRIL 6, 2019

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. Although some of our hemp clients are banked (and even have crop insurance) many others are still underserved. Senators, Sen.

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Banking Hemp Access Business 77

The Blunt Truth

AUGUST 1, 2019

It would remove restrictions on federal research into cannabis and expand studies on the potential benefits and harms from cannabis use. Meanwhile, the state of Arizona is experimenting with a new procedure to get around the lack of banking services for marijuana companies. So be on the lookout for weed beer.

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DEA Banking Dispensary Edibles 77

The Blunt Truth

OCTOBER 17, 2019

You might think news about Rudy Giuliani and Ukraine wouldn’t appear on a blog devoted to cannabis, but you’d be wrong. One of their targets was a Nevada gubernatorial candidate; they hoped he would provide them with a cannabis license.

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Banking Education Packaging Legislation 49

Cannabis Law Report

JULY 2, 2021

Welcome to the Cannabis Freedom Alliance Monthly Newsletter! The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition.

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Policy Legislation Cannabis Legalization 119

Canna Law Blog

MARCH 1, 2019

The Oregon legislature has been grappling with cannabis for five consecutive years. At this point, over a month into the 2019 session, a preponderance of legislators appear vaguely inclined to “let it ride” and drop the big ideas when it comes to cannabis. Talking with those in Salem trenches, one senses some fatigue.

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Legislation Consumption Hemp Recreational 63

Cannabis Law Report

SEPTEMBER 20, 2019

Mj Biz report…… A bill that would create a federal safe harbor for financial institutions to serve state-lawful cannabis businesses and ancillary companies will be put to a landmark vote in the U.S. Hoyer, D-Maryland, announced on the House floor that he will schedule the SAFE Banking Act for a vote. Just hours ago, U.S.

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Banking Collective State Laws Policy 45

Cannabis Law Report

JULY 2, 2019

July 1 2019. The world of marijuana banking has been rife with compliance risks for years. The legalization of these specific types of cannabis enables financial institutions to provide services to these businesses without fear of legal ramifications, so long as the institution takes appropriate regulatory measures.

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Banking Hemp Marijuana Compliance 40

Veriheal

JULY 28, 2021

Cannabis legalization has become widespread across the United States. Many states have adopted medical cannabis laws, and several allow recreational cannabis. It is easy to get frustrated by the negative opinions of anti-cannabis activists and supporters. We have had Presidents that used cannabis.

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Education Cannabis Policy Access 104

MassRoots

FEBRUARY 11, 2019

Legislation to end the federal prohibition of cannabis has been submitted in the U.S. The American people have elected the most pro-cannabis Congress in American history and significant pieces of legislation are being introduced,” said Blumenauer. link] — Ron Wyden (@RonWyden) February 8, 2019. NEW: I introduced S.420,

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Legalization Marijuana Legislation Policy 111

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 lawmakers in support of allowing patients to smoke medical cannabis. California.

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Legislation Hemp Compliance Compliance 177

NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options.

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Legalization Advocacy Banking Access 197

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

APRIL 26, 2022

Known for its harsh anti-drug policies, Thailand became the first country in South East Asia to legalise medical cannabis in 2018, with the legislation passing in February 2019. Cannabis looks promising for wellness tourism. from 2019”. Thailand’s first-move advantage in the Asian cannabis market.

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Legislation Agriculture Research and Development Banking 52

Cannabis Law Report

JUNE 27, 2019

June 26 2019. Financial institutions looking to work with cannabis companies have a lot to look forward to this summer. On June 11, 2019, the House Appropriations Committee passed spending legislation which provides new protection to financial institutions that provide banking services to marijuana businesses.

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Legislation Banking State Laws Business 40

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 168

NORML

JANUARY 19, 2020

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. CO resident? FL resident?

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Legislation Decriminalization Access Patients 244

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

APRIL 26, 2019

The industry is spending millions on lobbying at the federal level, mostly on the banking issue,” said Dan Riffle, a former lobbyist with the Marijuana Policy Project who now serves as a senior policy advisor to New York Congresswoman Alexandria Ocasio-Cortez. Vice write. million lobbying Congress last year.

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Banking Advocacy Policy Cannabis 45

Cannabis Law Report

NOVEMBER 16, 2019

In 2017, 2018 and 2019 he was chosen as a global elite “Thought Leader” by Who’s Who Legal and also selected as the number one offshore asset recovery lawyer worldwide over the same period. November 15, 2019. federal and the UK’s national banking systems. federal and the UK’s national banking systems. Martin Kenney.

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Banking Legalization Research and Development Cannabis 45

Cannabis Law Report

OCTOBER 4, 2021

Social equity is a critical component in every cannabis market, new and old. First published in 2017, and updated in 2019, the new 2021 Women & Minorities in the Cannabis Industry , is now available for download here. As the cannabis industry expands, more women are getting involved. They write. We hold up the mirror.

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Data Programs Business Banking 52

Cannabis Law Report

JUNE 20, 2019

Our best guess is that license applications will become available in October/November 2019, and Drummond Woodsum’s Regulated Substances Group will continue to send updates. . In its budget forecast, Maine is banking on $22 million in adult-use sales in the first three and a half months after the market’s launch.

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Law Banking Collective Retail 73

SpeedWeed

MAY 4, 2021

This article focuses on getting money to start your cannabis business. Financing is the primary barrier to entry into the cannabis industry, so it is important to structure your approach to overcoming it as a challenge. With the federal prohibition of cannabis, the supply of both debt and equity is severely restricted.

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Business Banking Cannabis Policy 52

NORML

JANUARY 2, 2019

This only reaffirmed that social justice needs to be a priority when discussing marijuana policy in this community. We will continue to provide education on record sealing in Nevada throughout 2019 and help clients find financial assistance to do so when qualified! to engage their lawmakers in marijuana policy reform.

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Education Media History Advocacy 107

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 135

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

Cannabis Law Report

SEPTEMBER 27, 2021

.–(BUSINESS WIRE)– Foothill Capital Management www.foothillcap.com announced today the conversion of its Cannabis Growth Fund (CANIX), which launched in 2019, into the Cannabis Growth ETF (BUDX) www.cannabisgrowthfunds.com. Where legalized by states, cannabis possession and use remains a violation of federal law.

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Banking Access Cannabis Safety 52