Cannabis Law Report

MARCH 8, 2022

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. SOURCE US HEMP ROUNDTABLE.

Banking 52

Banking Hemp Business Access 52

PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. Thanks to a recent cannabis banking bill that has passed in Pennsylvania, cannabis-related businesses now have the right to use financial institutions and insurance for their businesses.

Banking 52

Banking Law Marijuana Compliance 52

Cannabis Law Report

APRIL 28, 2022

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. ABA and SBA Letter to the Senate Support SAFE Banking in America COMPETES Act 04282022.

Banking 59

Banking Access Legislation Packaging 59

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.

Banking 69

Banking Safety Business Cannabis 69

Cannabis Law Report

OCTOBER 21, 2021

Seattle-based cannabis banking startup Shield Compliance is beefing up its staff. Before her role at Shield, Cantrell spent more than 12 years at the Republic Bank of Chicago. She has 20 years of banking experience, the company said. Cantrell is the new executive vice president of payments and strategic alliances.

Banking 52

Banking Compliance Compliance Safety 52

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]

Banking 52

Banking Legislation Environment Access 52

Cannabis Law Report

JULY 1, 2022

Portland, OR. – Outdated federal barriers to banking services continue to severely impact the legal cannabis industry in Oregon and nationwide. While cannabis may be legal in Oregon, criminal enterprises are very aware of this impediment and target cannabis businesses. The OLCC Press Release.

Banking 52

Banking Business Access Safety 52

Greenspoon Marder Cannabis Law Group Blog

JUNE 14, 2019

Although this resolution is limited in scope, pending legislation on the horizon would definitively remedy this issue, specifically the Secure and Fair Enforcement (“SAFE”) Banking Act. As of June 5 th , 2019 the SAFE Banking Act has been placed on the Union Calendar (Calendar No. Victor Fox is not an attorney.

Banking 64

Banking State Laws Cannabis Business 64

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?!” ” you ask?

Banking 229

Banking Marijuana Retail Safety 229

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.

Banking 52

Banking Access Business Programs 52

Canna Law Blog

JULY 11, 2020

On Wednesday, July 8, 2020, a bipartisan group of sixteen state treasurers, led by Oregon Treasurer Tobias Read, sent a letter to congressional leaders requesting that the next piece of COVID-19 relief legislation include the SAFE Banking Act.

Banking 61

Banking Legislation Safety Business 61

NORML

APRIL 1, 2020

Today, NORML and it’s national network of advocacy chapters released a memo to state lawmakers, regulators, prosecutors, and other interested parties providing guidance for how they can take emergency actions to better promote the health and welfare of cannabis consumers and the general public during the COVID pandemic.

Policy 252

Policy Advocacy Safety Patients 252

Cannabis Law Report

JUNE 11, 2022

Daines’ Safe Banking Act which would which would help improve public safety. In Montana, and many states across the nation, legal cannabis businesses are unable to use financial institutions and are forced to operate in all cash, leaving communities vulnerable to crime. as he serves the people of Montana in the U.S. In the U.S.

Banking 52

Banking Safety Access Business 52

Cannabis Law Report

JUNE 21, 2021

Here’s their letter to the Chair and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee. MERKLEY, DAINES URGE COLLEAGUES TO BUILD PATHWAY FORWARD FOR BIPARTISAN LEGISLATION TO ENSURE THAT LEGAL CANNABIS BUSINESSES CAN ACCESS CRUCIAL FINANCIAL SERVICES. Thursday, June 17, 2021. Washington, D.C.

Banking 66

Banking Legislation Safety Dispensary 66

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 1595 ) was introduced by Reps.

Banking 55

Banking Safety Compliance Compliance 55

Cannabis Law Report

MAY 17, 2019

The Sacramento Bee reports……The survey found that 82 percent of surveyed bank executives support Congress passing a law allowing financial institutions to do business with cannabis companies, a practice that is restricted because marijuana is considered an illegal narcotic at the federal level. Source: [link].

Access 55

Access Banking Safety Events 55

Cannabis Law Report

OCTOBER 26, 2019

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. History of Marijuana Regulation and Banking Implications.

Banking 45

Banking Safety Business History 45

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. Heck and Rep. RELATED STORY.

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Veriheal

AUGUST 14, 2023

In a recent controversial move, Mastercard issued a directive to United States banks, ordering them to block cannabis purchases on its debit cards. For years, most major credit cards have prohibited cannabis purchases with minimal public outcry. However, this rigid federal stance contrasts starkly with state-level policies.

Banking 98

Banking Dispensary Cannabis Recreational 98

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

Banking 135

Banking Policy Business Safety 135

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.

Banking 40

Banking Cannabis Business Safety 40

The Blunt Truth

DECEMBER 9, 2021

It looks like marijuana banking will not be part of the NDAA. Medical cannabis could become part of veterans’ healthcare. marijuana banking. Advocates of allowing the banking industry to serve cannabis businesses have seen many opportunities to enact legislation come and go. medical cannabis for veterans.

Banking 115

Banking Food CBD Events 115

MMJ Recs

MAY 5, 2024

California state has been at the forefront of progressive cannabis legislation, particularly when it comes to medical marijuana. Its legal framework has evolved, and an understanding of California medical cannabis regulations is essential for patients, caregivers, and those who have an interest in the cannabis industry.

Law 52

Law Marijuana Cultivation Patients 52

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

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. Send a message to your lawmakers in support of medical marijuana access.

Legislation 242

Legislation Decriminalization Access Patients 242

Cannabis Law Report

MAY 25, 2022

There’s been a string of robberies affecting Washington State cannabis dispensaries, culminating in three deaths over just four days in March. Those robberies have led to tremendous personal and financial losses, not to mention additional operating hurdles for legitimate cannabis business owners. Hint: it’s not about cannabis.

Business 52

Business Law Banking Dispensary 52

Cannabis Law Report

NOVEMBER 15, 2021

Andrew Brisbo, Executive Director of Michigan’s Marijuana Regulatory Agency, welcomed as next President of the Cannabis Regulators Association which has expanded to 37 member states and territories. Vice-President Michele Nakata, Supervisor of the Medical Cannabis Dispensary Licensing Program at the Hawaii Department of Health.

Compliance 98

Compliance Compliance Programs Topical 98

Cannabis Law Report

SEPTEMBER 24, 2019

AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. AG Racine Leads Bipartisan Coalition of 21 States In Urging Congress To Pass Cannabis Banking Bill. 1028) or similar measures that would allow legal cannabis-related businesses to access the banking system.

Programs 59

Programs Banking Marijuana Access 59

Cannabis Chronicles

MAY 22, 2019

“We’ll hand them an iPad, and ask them to fill out a couple quick surveys,” said Michael McDonell, chair of WSU’s Collaboration on Cannabis Policy, Research and Outreach. Some of the outcomes we’re interested in looking at, is what kind of cannabis are they using?

Medicine 140

Medicine Research and Development Data Collective 140

Cannabis Law Report

JULY 25, 2019

Yesterday, Cannabis Trade Federation Board Chair John Lord — CEO of LivWell Enlightened Health — represented the cannabis industry during the U.S. Senate hearing on “ Challenges for Cannabis and Banking.” Lawmakers and witnesses agreed the issues around cannabis banking are not going away.

Banking 51

Banking Safety Legislation Cannabis 51

Cannabis Law Report

MAY 9, 2019

SACRAMENTO – California Attorney General Xavier Becerra, along with a bipartisan coalition of 38 Attorneys General, urged Congress to pass the federal Secure and Fair Enforcement (SAFE) Banking Act to give licensed cannabis businesses access to the federal banking system. This is simple: not incorporating an $8.3

Banking 55

Banking Safety Access Collective 55

Veriheal

OCTOBER 12, 2020

The burgeoning cannabis market is one of the most highly regulated and taxed sectors in the United States. The industry is saturated with regulations and restrictions, many of which lead to significant security risks such as having large sums of cash on site of dispensaries due to the lack of banking access within the industry.

Dispensary 98

Dispensary Safety Banking Business 98

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.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

SEPTEMBER 28, 2021

KindTap Technologies (“KindTap”), the cannabis industry’s first digital credit and loyalty-enabled payments solution, today announced the launch of its consumer credit product, starting initially in the Massachusetts cannabis market.

Banking 52

Banking Research and Development Retail Compliance 52

Cannabis Law Report

JANUARY 12, 2022

Through this collaboration, the NPA and Maya will offer both the education and the technology infrastructure needed to make this possible, ensuring accessibility and safety to all communities. “We NPA’s mission is to ensure all Americans get the support they need to safely access psychedelic-assisted care.

Research and Development 52

Research and Development Therapy Safety Clinical Trials 52

Cannabis Law Report

JUNE 28, 2021

Dan Roda is co-founder and CEO of Abaca, a digital financial platform connecting cannabis businesses with bank accounts, payment processing, lending, and more. Company mission: Abaca’s mission is to normalize access to modern financial services across the U.S. for cannabis and hemp industries. Taxation. .

Banking 66

Banking Access Hemp Business 66

Cannabis Law Report

JULY 16, 2021

Department of Cannabis Control Announces Regulatory Actions. The Department of Cannabis Control (DCC) today announced the following rulemaking activities: Approval of section 100 action to consolidate cannabis regulations into one title in the California Code of Regulations and revise section numbers.

Banking 105

Banking Packaging Agriculture Cannabis 105