Cannabis Life Network

FEBRUARY 14, 2023

The cannabis industry is suing Canadian banks. Canada’s legal cannabis industry has launched a class-action lawsuit against Canada’s large cartel of banks. They allege the banks have discriminated against them by arbitrarily closing accounts and denying services and access to credit.

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Banking Access Cannabis Legalization 75

NORML

MAY 12, 2020

Included in the language of the bill is HR 1595: The SAFE Banking Act, which amends federal law so that explicitly banks and other financial institutions may work directly with state-legal marijuana businesses. In the majority of states, these cannabis businesses have been deemed essential during this pandemic.

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Packaging Banking Business Legislation 293

Cannabis Law Report

APRIL 27, 2023

SENATOR’S SAFE BANKING ACT WOULD ALLOW LEGAL CANNABIS BUSINESSES TO ACCESS BANKING SERVICES SUCH AS LINES OF CREDIT, SAVINGS AND CHECKING ACCOUNTS U.S.

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Banking Access Business Legalization 52

Canna Law Blog

SEPTEMBER 18, 2023

I’m pretty sure that more ink has been spilled on the Secure and Fair Enforcement Act (“SAFE Banking”), than any other proposed cannabis law. Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) SAFE Banking will finally go to mark-up this week in the Senate Banking Committee.

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Banking Access Business Compliance 81

NORML

MARCH 8, 2019

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.

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Banking Access Business Safety 189

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Alcoholic Beverage Control Board and Treasurer, Cannabis Regulators of Color Coalition. 21 Pages Posted: 12 Aug 2022. Cat Packer.

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Banking Access Research and Development Policy 52

Canna Law Blog

AUGUST 17, 2023

Oregon’s governor recently vetoed an effort to create a state bank for marijuana businesses, in another blow to the struggling industry. The lack of consistent, equitable access to banking has been recurring issue for Oregon marijuana businesses and those in other states.

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Banking Marijuana Legislation Business 52

Veriheal

APRIL 14, 2022

Banking has been a hurdle for cannabis businesses since the birth of the industry. Despite the fact that these businesses are state-legal, financial institutions have historically hesitated to work with them due to cannabis’ federally illegal status. A Long Road to Cannabis Banking Reform.

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Banking Business Cannabis Access 106

Canna Law Blog

MARCH 13, 2023

The Safe Banking Act , also known as the Secure and Fair Enforcement Banking Act (SAFE Banking Act), is sorely needed legislation to address the critical issue of financial services being denied to marijuana businesses that operate in the state-legalized industries. What is the SAFE Banking Act?

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Banking Business Safety Legislation 81

PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. While recreational use is allowed in some states, there is still an uphill battle for other states that only have medical marijuana clearance. Marijuana Banking Bill.

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Banking Law Marijuana Compliance 52

Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

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Banking Compliance Compliance State Laws 80

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Finder.com write. How to find one.

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Banking Compliance Compliance Business 110

Cannabis Law Report

FEBRUARY 15, 2019

Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses. H.R. _ , “The Secure And Fair Enforcement Banking Act of 2019” [DRAFT]. Deckard , President, CEO and Chairman, State Bank Northwest, on behalf of Independent Community Bankers of America (ICBA). f t # e. Legislation.

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Banking Access Business Legislation 63

NORML

DECEMBER 23, 2019

The holiday season means many things to many people, but for Senator Mike Crapo (R-ID), it means walking back commitments to moving cannabis reform forward and turning into the Marijuana Grinch. Tell Senator Crapo that a 2% THC cap is unacceptable and that banking reform can’t wait. “Wait, what?!”

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Banking Marijuana Retail Safety 232

SpeedWeed

APRIL 20, 2021

Dama Financial, the Leading Provider of Access to Banking and Financial Solutions for Cannabis Businesses, Announces the Completion of $12.6 Million Growth Equity Raise – Cannabis Business Executive – Cannabis and Marijuana industry news. View original article.

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Banking Access Business Cannabis 52

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. do not have.

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Banking Access Legalization Marijuana 40

Cannabis Law Report

AUGUST 18, 2021

Local Business Also Pleads Guilty to Laundering More than $770,000 in Marijuana Proceeds through Account. On August 2, 2021, the United States charged Ngo by Information with one count of making a false statement to a bank and FMG with one count of structured money laundering. Attorney Robert J.

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Banking Business Marijuana Compliance 98

Cannabis Law Report

MAY 2, 2023

Senator Bob Menendez, a senior member of the Senate Banking Committee and Chairman of the Subcommittee that oversees the insurance industry, today announced the reintroduction of the bipartisan Clarifying Law Around Insurance of Marijuana (CLAIM) Act, which would ensure legal marijuana and related businesses have access to comprehensive and affordable (..)

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Business Banking Legalization Marijuana 105

Cannabis Law Report

APRIL 28, 2022

Marijuana Moment reports. Banking associations representing all 50 states and one U.S. territory sent a letter to Senate leaders on Thursday, imploring them to include marijuana banking reform in a large-scale manufacturing bill that’s heading to bicameral conference.

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Banking Access Legislation Packaging 59

Cannabis Law Report

DECEMBER 2, 2021

Treasury Secretary Janet Yellen said she supports allowing legal cannabis dispensaries to access the US banking system — where they’re now largely barred — to make it easier for the government to collect tax revenue. Yes, of course it would,” the Treasury secretary replied.

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Collective Banking Access Dispensary 52

Cannabis Law Report

OCTOBER 7, 2021

Read my op-Ed on Marijuana Banking [link]. At Marijuana Moment – Here’s the introduction. Most experts agree the ultimate legalization of marijuana at the federal level is a foregone conclusion—at this point it’s a matter of when, not if. — Rodney E. Hood (@Rodney_e_hood) October 8, 2021. By Rodney E.

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Banking Access Business Recreational 52

Veriheal

DECEMBER 22, 2023

Delegates at the 114th NAACP National Convention unanimously voted to adopt an amendment reiterating its support for cannabis reform. The new amendment also emphasizes teaming up with labor unions to secure protections for cannabis industry employees. In past years, the NAACP endorsed various measures aimed at decriminalizing cannabis.

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Legalization Supply Chain Banking Marijuana 117

PrestoDoctor

APRIL 26, 2021

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

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Banking Cultivation Seed-To-Sale Marijuana 52

PrestoDoctor

APRIL 26, 2021

Even with growing marijuana for personal and medicinal reasons has been legalized in many places in the USA it can still be a daunting task to buy marijuana seeds. One option is buying from a local dispensary, but ordering online will give you access to many more options. . I Love Growing Marijuana (ILGM).

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Banking Cultivation Seed-To-Sale Marijuana 52

Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

Therefore, other governmental institutions with funds not appropriated under this resolution, including the Department of Justice, would still be allowed to pursue action against financial institutions providing financial services to marijuana businesses. Victor Fox is not an attorney.

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Banking State Laws Cannabis Business 64

Cannabis Law Report

OCTOBER 5, 2021

The House of Representatives has approved cannabis banking legislation for the fifth time. The Secure and Fair Enforcement (SAFE) Banking Act is legislation that “would allow marijuana-related businesses in states with some form of legalized marijuana and strict regulatory structures to access the banking system.” [1]

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Banking Legislation Environment Access 52

MassRoots

AUGUST 3, 2020

New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. House Bill 418.

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Programs Banking Marijuana Conditions 124

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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Banking Legislation Business Programs 66

WeedAdvisor

MAY 22, 2019

Banking and the cannabis industry have a somewhat hands-off relationship. Despite the lucrative nature of the budding marijuana market in the U.S., banks are skittish about doing business with dispensaries in legal states. With cannabis still being illegal on a federal level, financial institutions fear reprisals.

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Banking Business Legalization Marijuana 45

NORML

OCTOBER 15, 2019

NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. 1) Increased Access. 1) Increased Access. 4) US relations – border & banking. 2) Transitioning “Unregulated Market” into the legal framework.

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Legalization Advocacy Banking Access 199

Cannabis Law Report

FEBRUARY 5, 2020

ARVADA – Governor Jared Polis and the Colorado Department of Regulatory Agencies (DORA) released a bold roadmap to provide clarity and guidance for state-chartered financial services industries that serve or seek to serve legal cannabis-related businesses. Roadmap to cannabis banking_January 2020. “As WATCH PRESS CONFERENCE.

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Banking Safety Business Cannabis 69

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. Members of Congress have introduced the SAFE Banking Act or similar legislation in prior Congresses. Arnold & Porter. credit card companies). Protect all service providers (e.g.,

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Banking Compliance Compliance Business 52

Cannabis Life Network

APRIL 6, 2020

TORONTO — Devastated bars and lounges, as well as the country’s hard-hit cannabis sector, will finally have access to $40 billion in new credit being made available via the government’s business bank during the COVID-19 crisis, its CEO said on Sunday.

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Banking Programs Access Business 61

NORML

AUGUST 27, 2019

Legislation will take effect next week expanding protections for state-qualified medical cannabis patients. It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or certain types of employment solely based upon their patient status.

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Patients Therapy Banking Access 198

Cannabis Law Report

NOVEMBER 10, 2021

Virgin Islands sent a bipartisan letter urging Congress to include legislation in the final 2022 National Defense Authorization Act for Fiscal Year 2022 that would allow states with legalized medical or adult-use cannabis to operate safely under the national banking system. . Medical and recreational cannabis sales in the U.S.

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Banking Legislation Access Recreational 52

MassRoots

AUGUST 4, 2020

The California Cannabis Industry Association (CCIA) is calling for cannabis businesses to join them in imploring Speaker Pelosi to prioritize the Secure and Fair Enforcement Banking Act (SAFE Banking Act). What is the SAFE Banking Act? The cutoff time of today, August 4 at 5 pm is quickly approaching.

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Banking Access Business Programs 52

MMJ Recs

MARCH 16, 2024

Overview of the Medical Marijuana Industry The medical marijuana industry has experienced significant growth and evolution in recent years, fueled by shifting attitudes, changing regulations, and expanding legalization efforts across various jurisdictions.

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Supply Chain Research and Development Marijuana Seed-To-Sale 105