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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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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MassRoots

AUGUST 3, 2020

Louisiana’s medical marijuana program may have been established three years ago, but patients were not granted access to medicine until August of 2019 when the first round of the product became available. House Bill 418 aims to provide extra protection for those businesses that operate within the parameters of Louisiana state law.

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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. Meanwhile, the state was experiencing a severe bottleneck in its own licensing process.

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Veriheal

DECEMBER 7, 2022

Operating cannabis-based businesses in The Golden State is no easy feat for retailers. With the plant’s legal status confined by the federal Controlled Substances Act (CSA ) boundaries, cannabis stores are still operating illegally. Due to the plant’s illegal status, banking cannabis business revenue can be tricky.

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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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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. even if the business is legal under local or state law.”

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Greenspoon Marder Cannabis Law Group Blog

JULY 26, 2019

On Tuesday July 23, 2019, the United States Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing to discuss national safety implications relating to federal regulations that force cannabis businesses to operate on a cash basis. This problem doesn’t just affect the cannabis industry.

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Cannabis Law Report

AUGUST 26, 2019

Yet the possession, distribution or sale of marijuana remains illegal under federal law, which means any contact with money that can be traced back to state marijuana operations could be considered money laundering and expose a bank to significant legal, operational and regulatory risk. AUGUST 07, 2019. JULY 23, 2019.

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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.

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The Blunt Truth

FEBRUARY 14, 2019

Possibly the biggest news this week was the first ever Congressional hearing on cannabis banking. The committee memorandum has a great graphic of state marijuana laws – only three states allow no marijuana consumption in any form. In New York , those in favor of legalization are pushing for changes to Gov.

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Cannabis Law Report

JULY 6, 2022

Dafna Revah, co-founder and co-owner of cannabis dispensary CBD Kratom, had a lot of explaining to do when her bank referred her to a record keeper willing to provide her company with a 401(k) plan. ” None, she repeatedly explained, had Delta-9 THC, the cannabinoid that is illegal under federal law. ” Ms.

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NORML

FEBRUARY 22, 2019

Delaware prosecutors will no longer be encouraged to pursue criminal charges against those who possess marijuana for personal use, according to guidelines issued by the state’s new Attorney General. Click here to email your lawmakers in support of allowing patients to smoke medical cannabis. California. CA resident? Connecticut.

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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.

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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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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.”

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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. Last , when deciding whether to serve hemp-related businesses, credit unions also need to consider other applicable federal and state laws.

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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.” Legislation is pending, House Bill 1089, to protect cannabis consumers from employment discrimination. Welcome to the latest edition of NORML’s Weekly Legislative Roundup!

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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. Recreational use is becoming legal in a growing number of states. . Federal bankruptcy protection for business-debtors involved in the sale of cannabis products has not been forthcoming.

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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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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.

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Cannabis Law Report

MAY 11, 2022

Sirois structured his operations to appear as though they complied with Maine’s medical marijuana laws while he regularly sold bulk marijuana on the illicit market, including more than $1 million worth of marijuana for out-of-state distribution between 2018 and 2019, according federal prosecutors. 28, 2021, the U.S.

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Cannabis Law Report

SEPTEMBER 23, 2022

Under current California law, cannabis licensees are not permitted to “transport or distribute, or cause to be transported or distributed, cannabis or cannabis products outside the state, unless authorized by federal law.” [1] Federal law, of course, also does not permit interstate transfer of cannabis.

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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.

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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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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.

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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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Cannabis Law Report

MARCH 26, 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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Cannabis Law Report

MARCH 29, 2019

Prior to opening her own firm, she was appointed as Senior Policy Advisor at the Bureau of Medical Cannabis Regulation, where she developed regulations and negotiated with stakeholders regarding the implementation of the Medical Cannabis Regulation and Safety Act (MCRSA).

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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.

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Cannabis Law Report

APRIL 23, 2019

AUTHOR: Dionne Kellier , Hoban Law Group. PUBLISHER: CANNABIS LAW REPORT. Dionne Kellier is Counsel to Hoban Law Group and an Attorney-at-Law licensed to practice in the State of Florida and Washington, D.C. If you wish to re-publish this story please do so with following accreditation.

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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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Marijuana Lawyer Blog

APRIL 15, 2019

Supreme Court had affirmed challenges to the federal law in part because deemed marijuana dangerous Schedule I drug. 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. Recently, the U.S. Call us at 714-937-2050.

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Cannabis Law Report

MAY 25, 2019

A flurry of state legislatures are enacting new or amended state laws concerning hemp and more are expected to do so in early 2020. Yet, there remain instances of isolated state and/or local enforcement activity towards lawful hemp. “We About Hoban Law Group. Hoban Law Group is the first U.S.

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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. California.

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Cannabis Law Report

JANUARY 13, 2020

We previously explored the applicability of trade secret protection to cannabis-related inventions. Here, we provide an overview of patent trends in the cannabis industry and how cannabusinesses can use patents to protect their technological, agricultural, genetic, or other innovations. The Power of a Patent.

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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?

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