This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of expanded medical access. 333 was unanimously approved by the Agriculture and Natural Resources Appropriations Subcommittee on 4/2.
Since late December, we’ve had many clients come to us with frustrations about the ongoing lack of access post-Farm Bill, and questions about how things will play out in 2019. We represent a handful of banks (and a larger handful of credit unions), and we give those outfits advice on banking hemp and marijuana. Stay tuned.
House Bill 1359 would create a 5 year medical marijuana pilot program, allowing patients to access their medicine from licensed dispensaries. Send a message to your lawmakers in support of medical marijuana access. Legislation is pending, Senate Bill 697, to expand access to medical marijuana. IN resident? NH resident?
Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of access in healthcare facilities. Click here to email your lawmakers in support of bankingaccess. California.
Click here to email your lawmakers in support of medical cannabis access at school. Click here to email your lawmakers in support of bankingaccess. Legislation is pending, Senate Bill 24, to expand access to medical cannabis in the state. The bill is scheduled for a hearing in the House Agriculture Committee on 6/25/19.
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. AR resident?
House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.
banking and insurance). The “cannabis tax” is most significantly seen as it relates to banking and financing, and insurance coverage. Companies functioning within state legality face severe banking restrictions due to federal regulations. The proposed legislation, H.R.
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. House Bill 324 seeks to expand and facilitate patients’ access to medical cannabidiol (CBD) products. GA resident?
Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis. Click here to email your lawmakers in support of medical cannabis access. Click here to email your lawmakers in support of bankingaccess. AL resident? Burton Hearing Room.
Legislation that would have significantly expanded patient access to medical cannabis in Rhode Island was held in a senate committee for further study, ultimately killing the bill. Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis.
House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Legislation is pending, Senate Bill 59, to expand medical cannabis access. Legislation is pending, House Bill 673 / Senate Bill 1430, to expand medical cannabis access. DE resident? HI resident?
The Illinois Department of Agriculture has only issued 21 cultivation licenses for the entire state, which has led to a shortage of cannabis products and a lack of competition among cultivators. One of the main reasons for the high cost of cannabis in Illinois is the limited number of cultivator licenses that have been issued by the state.
Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”).
Click here to email your lawmakers in support of medical cannabis access at school. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. Click here to email your lawmakers in support of medical cannabis access in healthcare facilities.
If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies. .
Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. The spending reports mandates the FDA to clear a path for the lawful marketing of these products within 120 days.
The Cannabis Authority consists of nine people, who represent “a faith-based organization, civil society, and one person each from the fields of banking, law, agriculture, scientific research, pharmacy, and medicine.” A new regulatory body, the Cannabis Authority, has the task of monitoring all these legislative proposals.
Legislation is pending, Senate Bill 236, to allow qualifying patients with certain debilitating conditions to use and safely access medical cannabis. Click here to email your governor in support of medical cannabis access. Legislation is pending, Senate Bill 1286, to expand patient access to medical cannabis in Arizona.
At the state level, Governor Doug Burgum of North Dakota signed a package of bills into law to expand the state’s medical cannabis access program. House Bill 243, as well as Senate Bill 236, would provide registered patients with regulated access to medical cannabis via licensed providers. AL resident? AL resident? CA resident?
He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. WASHINGTON – Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking.
The international market is taking form and access to banking services is expanding. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 And for good reason: the recreational market is expanding. Hemp is legal. CBD and other cannabinoids are fast becoming (if not already) household names.
House of Representatives is expected to vote on the Secure and Fair Enforcement Banking Act of 2019 (the “SAFE Banking Act”) today. In light of these concerns, most banks have denied cannabis-related businesses access to bank accounts and other financial services.
” Not only will citizens of Thailand be able to access and use cannabis freely, but they are actually encouraged to cultivate cannabis as a means of supplementing their incomes. Charnvirakul believes that this “will, in turn, stimulate the economy and agricultural tourism.” Boosting the Economy With Cannabis.
Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry. Here’s his full presentation. September 2021. NCUA Board Member Rodney E. Board Member Rodney E. The Hemp Precedent.
CBAI listed five key points, including increasing diversity, regulating intoxicating hemp, lowering taxes, regulatory changes, and expanding access. EXPANDING ACCESS Too many consumers do not have easy access to legal cannabis dispensaries. A major hurdle is securing capital, especially for social equity license holders.
In the areas where most of the agricultural land is located, the two countries share similar climates. Regulated cannabis for human or animal consumption has to be cultivated according to modern agricultural practices. Arable land in Morocco was estimated by the World Bank as 7,477,600 hectare in 2018.
Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Here are the details care of Sunshine State News.
And with too few licenses comes lack of access for consumers and the growth and continued operation of illegal operators. The state Department of Food and Agriculture oversees 3,830 farmers.” Lack of access to banking. Right now, California is probably in the latter category.
In 2017 , Deputy Minister for Agriculture Yiannis Tsironis called for the legalization of cannabis cultivation for personal use. Would-be medical cannabis patients can gain access if they receive a prescription from a presiding physician. overall had used cannabis. What Greek law permits for medical patients? Is CBD legal in Greece?
Since hemp was federally legalized under the 2018 Farm Bill, it is now considered an agricultural commodity like any other crop. The US Department of Agriculture (USDA) has even taken several steps to sync the market with its various programs and services. A recent memo provides clarity for lenders.
Supply Shortage and New Department of Agriculture License Applications: As expected, Illinois dispensaries are having a tough time keeping up with consumer demand. To that end, the Illinois Department of Agriculture released the application for a craft grower license, along with the applications for infuser and transporter licenses.
The Office of Administrative Law (OAL) has approved the Department’s action to move the commercial cannabis regulations of the Bureau of Cannabis Control, the California Department of Food and Agriculture, and the Department of Public Health into one central location in the California Code of Regulations (CCR).
In Florida as in elsewhere, the cannabis industry and advocates have been frustrated by a lack of access to banking. As Agriculture Commissioner Nikki Fried found, that even extended to campaign contributions. That dynamic has led several banks to block business with the industry altogether for fear of violating federal law.
Because many of these patients are among our more vulnerable populations, it is essential that they maintain uninterrupted, regulated access to lab-tested products during this time. Allow State-Legal Business Access To Banking Services. There are several million state-licensed medical cannabis patients in America.
.” Cobb has been recognized for his efforts to gain support for the Secure and Fair Enforcement Banking Act, which will allow pot businesses to bank freely, like any other legitimate business. Full Report [link]. Here’s his bio on his law firm page. WHO WE ARE. Brady Cobb.
Hemp Access and Consumer Safety Act. Senate’s Committee on Agriculture, Nutrition and Forestry. The trade group advised using the same language as that included in Wyden’s Hemp Access and Consumer Safety Act by including all hemp-derived products. SAFE Banking Act. Hemp champion Sen. States Reform Act.
Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to accessbank accounts.
The government issued resolution 227 of 2022 with which regulates the decree approved last year in connection with the licenses, quotas and authorizations for safe and informed access to the cannabis use and of the cannabis Plant, their derivatives and products.
Congressional Funding Bill Protects Cannabis Banking and Lets DC Legalize Marijuana Sales . . Federal officials would be blocked from punishing banks for working with marijuana businesses under an annual spending bill released by congressional Democratic leaders on Sunday. Read more. . The top law enforcement officials from 38 U.S.
of Thailand’s GDP came from agriculture, forestry and fishing , according to the World Bank, while tourism accounted for up to 18% of the country’s GDP before the Covid-19 pandemic. This legislative support, coupled with our rich legacy as an agricultural powerhouse, primes Thailand as a leader in the cannabis space.”.
Dispensaries were declared essential businesses and patients were given access to telemedicine consultations to obtain medical marijuana user cards. While COVID fast-tracked certain aspects of the PA cannabis industry, major hurdles, like access to proper banking services, still plague operators in the space.
In May 2019, Florida Commissioner of Agriculture Nikki Fried announced that a newly-created and appointed Medical Marijuana Advisory Committee of 18 doctors, lawyers, patients, industry leaders, and advocates will be implemented in order to “advance and modernize policies” to move Florida into the future of medical marijuana.
The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy. Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. By Kyle Jaeger.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content