Cannabis Law Report

NOVEMBER 12, 2019

Many legal cannabis suppliers and retailers are being forced to operate in a cash-intensive market due to federal laws that limit access to traditional banking. Banks face four significant challenges when servicing the cannabis industry, according to a California state-backed report.

Banking 45

Banking Supply Chain Seed-To-Sale Data 45

Cannabis Law Report

OCTOBER 26, 2019

Article by Joseph J. The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. Pangaro , Justin M. Stern , David E.

Banking 45

Banking Safety Business History 45

SpeedWeed

MARCH 18, 2021

Cannabis and Banking. banks and credit unions are reluctant to work with cannabis businesses because of concerns surrounding the federal illegality of cannabis. often scares away financial institutions, forcing the cannabis industry to either be sneaky about how they do their banking or deal mostly in dangerous amounts of cash. .

Banking 52

Banking Compliance Compliance Access 52

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. On September 21, 2021, the House voted to include the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) 1 in the annual National Defense Authorization Act for Fiscal Year 2022 (NDAA).

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

JULY 31, 2019

Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking.

Banking 40

Banking Research and Development Safety Legislation 40

Illinois News Joint

JANUARY 22, 2023

The limited access to banking services for cannabis businesses also creates another layer of challenges for cultivators and dispensaries to operate, this can make it difficult for them to access the capital they need to expand their operations and lower prices for consumers.

Cultivation 98

Cultivation Banking Access Dispensary 98

Cannabis Law Report

JULY 7, 2021

The Toronto-Dominion Bank. Drilling down into the cannabis trademark landscape in 2018 uncovered a heavy focus on goods in Classes 34 (smokers’ articles) and 5 (medicines/pharmaceuticals), as well as Nice classes relating to food and drink products. Smokers’ articles. Smokers’ articles. Brandster Branding Ltd.

Oil 71

Oil Agriculture Cannabis Food 71

Cannabis Law Report

DECEMBER 26, 2019

The riders would have prevented the federal government from interfering with legal cannabis companies and eased their access to U.S. banking services, among other things the industry has said it needs to function properly. banks that service those businesses from federal regulators, according to reporting by Marijuana Moment.

Banking 71

Banking Packaging Access Business 71

Cannabis Law Report

JANUARY 30, 2020

Perhaps the biggest challenge to getting cannabis businesses more access to insurance is that marijuana continues to be treated by the federal government as a Schedule 1 drug, making it difficult for these businesses to access essential services, such as banking, Lara said.

Banking 58

Banking Access Cannabis Business 58

Canna Law Blog

JANUARY 11, 2020

The international market is taking form and access to banking services is expanding. This was done despite a 2016 article Small published with a colleague in the journal Agronomy in which described 0.3% And for good reason: the recreational market is expanding. Hemp is legal. Public support is increasing.

THC 123

THC Hemp Supply Chain Concentrates 123

Cannabis Law Report

APRIL 5, 2019

Opportunities for Marijuana Establishments to Access Financial Services: Recent Advancements at the State and Federal Level. The result is that these businesses are cash-only businesses whose only access to capital is through private-equity. Authored By: Hannah King. Proposed Legislation in Maine.

Access 45

Access Marijuana Legislation Education 45

SpeedWeed

AUGUST 13, 2021

Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.

Access 52

Access Patients Banking Cultivation 52

Cannabis Law Report

SEPTEMBER 12, 2021

Read full article. 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.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

FEBRUARY 14, 2020

However, the move to attract investment to the island’s “well-regulated, export-oriented medicinal cannabis industry” faces a major hurdle according to Camillo Gonsalves, the country’s Minister of Finance: existing federal banking regulations in the United States that bar financial institutions from providing services to cannabis companies.

Banking 59

Banking Medicine Data Cultivation 59

Cannabis Law Report

JANUARY 5, 2020

“Up until now, European investors have experienced restricted access to the cannabis market.” He said he expected interest in the product to come from private banking, wealth management and institutional investors, which had been the main backers of North American marijuana ETFs. Read the full article at [link].

Banking 45

Banking Data Access Hemp 45

Cannabis Law Report

MARCH 26, 2020

That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. However, the Small Business Administration is currently prohibited from allowing state-legal cannabis companies access to any of its services.

Business 59

Business Legislation Access Policy 59

Cannabis Law Report

APRIL 21, 2022

The announcement by Fluresh , a vertically integrated Michigan based cannabis business, of the closing of loans from a federally insured commercial bank totaling almost $50 million represents an important landmark for both Fluresh and the cannabis industry writ large.

Banking 52

Banking Legislation Access Cannabis 52

Cannabis Law Report

FEBRUARY 2, 2019

We decided to publish our thoughts as a consequence of Jeff Daniels article on AB 286, “California Proposes Slashing Cannabis Taxes to Help Regulated Industry Compete With Black Market.” We write to correct numerous errors in the article, although the issues AB 286 seeks to address are real. “We need to do better.”

Collective 45

Collective Banking Business Cultivation 45

Cannabis Law Report

APRIL 26, 2022

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. Cannabis looks promising for wellness tourism. In 2020, 8.6% million by 2022, representing a compound annual growth rate of 5.6% from 2019”.

Legislation 52

Legislation Agriculture Research and Development Banking 52

Cannabis Law Report

JUNE 26, 2022

1 Despite what would appear to be increasingly lawful access to cannabis, it is still classified by U.S. And thirdly, current federal prohibitions on marijuana sale and possession have persuaded many banks to refuse to do business with the marijuana industry over concerns about potential liability for money-laundering. 1 [link].

Research and Development 52

Research and Development Education Programs Policy 52

Veriheal

NOVEMBER 20, 2020

This is also an opportunity to grow our workforce and expand access to job training and education for so many people.” According to an article in the Detroit Metro Times, Michigan’s cannabis market is on track to hit the 1 billion dollar milestone California achieved back in 2017. million dollars to 65.5

Recreational 98

Recreational Data Cannabis Access 98

SpeedWeed

MARCH 22, 2021

Last week, United States Senator Bob Menendez introduced a bipartisan bill that would help the cannabis industry gain much-needed access to insurance. . The CLAIM Act would insure that businesses in legal states would have access to things such as worker’s compensation , property, casualty, and title insurance. View original article.

Business 52

Business Banking Access Legislation 52

Cannabis Law Report

DECEMBER 16, 2021

Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice. Cannabis banking was originally included in the federal defense spending bill but stripped from it at the last moment. Federal Cannabis Reform (or not).

Law 98

Law Supply Chain Banking Cultivation 98

Cannabis Law Report

SEPTEMBER 9, 2021

Theme 3 involved access to capital. All stated that the cannabis industry is not concerned with correcting African Americans’ historical criminalization and its impact on the current legal industry, the lack of access to resources, and stigmas about cannabis. The color of money, black banks and the racial wealth gap (1st ed).

Policy 105

Policy Research and Development Collective Banking 105

Cannabis Law Report

JULY 12, 2021

This article by Nadja Sayej was originally published on Leverage.com and is being republished with permission. As the industry develops more, more states will pass the Safe Banking Acts, which means that state-authorized marijuana businesses will have easier access to banking services,” Gottlieb said.

Banking 81

Banking Dispensary Research and Development Cannabis 81

SpeedWeed

MARCH 2, 2021

In a public hearing Monday, many medical marijuana patients and individual providers, known in the industry as caregivers, spoke in support of the bill and said it would improve access to capital and resources for small business owners, offering protection against unfair competition from larger corporations. View original article.

Business 52

Business Marijuana Banking Programs 52

Cannabis Law Report

JUNE 3, 2021

For decades, the marijuana industry has been fighting stigmatizing rhetoric, the war on drugs, the smuggler and back alley feel, varying state laws, continued federal prohibition, lack of access to traditional banking, and on and on. Safronova’s thoughtful article, big candy will sue them back to the Stone Age and take the cash.

Supply Chain 55

Supply Chain Marijuana Packaging THC 55

SpeedWeed

AUGUST 10, 2021

The cannabis community relies on Leafly’s strain database (5,000+ strains), cannabis coverage (11,000+ articles), and user reviews (1.3MM+ reviews) to navigate the highly complex and evolving world of cannabis. View original article. Graubard Miller acted as Merida’s legal advisor.

Banking 40

Banking Retail Strains Cannabis 40

SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. View original article. While the legal cannabis industry is slowly spreading across the U.S.

Business 52

Business Banking Programs Access 52

SpeedWeed

FEBRUARY 19, 2021

Facilitating access to banking and other traditional financial services. View original article. Attorney General Jeff Sessions, the Cole Memo provided protections from federal enforcement for state-legal cannabis programs or providing those protections through other means.

Research and Development 52

Research and Development Marijuana Banking Policy 52

SpeedWeed

MARCH 1, 2021

For the small business owner, selling a private company to an SPAC can deliver a faster IPO process and increase the selling price point than working with an investment bank. 3 – Take it to the bank. Besides, it’s 2021 and everyone knows the majority of the cannabis industry is banked. View original article.

Business 52

Business Banking Data Cannabis 52

SpeedWeed

AUGUST 27, 2021

Cannabis businesses struggle to obtain and maintain banking while facing the dangers of having major cash on hand. Due to cannabis’ status as an illicit substance in the United States , many banks don’t want to run the risk of accepting weed dollars and facing extreme penalties or even closure. The cost of banking in cannabis.

Business 50

Business Banking Policy Media 50

Cannabis Law Report

JULY 4, 2019

If issued a Retail Operator Licence and a Retail Store Authorization, the Applicant will abide by all applicable legislation, including the Cannabis Licence Act, 2018, the Cannabis Control Act, 2017 , the Smoke Free Ontario Act, 2017 , and the Accessibility for Ontarians with Disabilities Act, 2005 ; f. Key Take-Aways.

Retail 40

Retail Banking Cannabis Business 40

Cannabis Law Report

JANUARY 28, 2020

Joshua has worked in the nascent Australian regulated cannabis sector and in this, the first of 4 articles he is writing for Cannabis Law Report, he looks at the realities of trying to value medical cannabis markets in Asian countries. Authored By: Joshua Schmidt MBA. .

Banking 69

Banking Patients Data Cannabis 69

Cannabis Law Report

JULY 23, 2019

So much so that many recent UK headlines have asked why, despite the legal change, the number of patients who can actually access medicinal cannabis in the UK remains extremely small and why patients who are forced to obtain their medicines abroad are still seeing them seized at the border?

Legalization 40

Legalization Medicine CBD Banking 40

Cannabis Law Report

AUGUST 21, 2019

We thought that preface was long overdue, and now to today’s article. has written an article that seeks to summarize an update to Internal Revenue Manual [“IRM”] Sec. entitled “ The IRS Is Using Its Big Data and Reminds Us and Its Agents That They Have Access to Records of Large Cash Transactions at Financial Institutions “.

Banking 45

Banking Data Access Business 45

Cannabis Law Report

MARCH 3, 2020

The article also highlights Hemp, Inc. a publicly traded company he founded to help create a better world,” the article reports. “Mr. To read the Microcap Daily article, click here. Presents ” is accessible 24 hours a day, 7 days a week, by visiting www.hempinc.com. OTCMKTS: HEMP).”. Watch as Hemp, Inc.,

Hemp 59

Hemp Seed-To-Sale Education Research and Development 59