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

SpeedWeed

APRIL 2, 2021

Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

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Compliance Compliance Media Data 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

AUGUST 18, 2021

OKLAHOMA CITY – Today, VICTOR NGO , 33, of Oklahoma City, and FRIENDLY MANAGEMENT GROUP, LLC (FMG) , an Oklahoma business, pleaded guilty in connection with a scheme to open a bank account under false pretenses to launder proceeds from marijuana sales, announced Acting U.S. Today, Ngo pleaded guilty to making a false statement to a bank.

Banking 98

Banking Business Marijuana Compliance 98

SpeedWeed

MARCH 18, 2021

This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry. Cannabis and Banking. This serves as a warning to the banks and credit unions who do already work with the cannabis industry. All over the U.S.,

Banking 52

Banking Compliance Compliance Access 52

Canna Law Blog

DECEMBER 5, 2019

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. Therefore, it’s not yet clear whether banks will service clients engaged in those activities.

Banking 64

Banking Hemp Compliance Compliance 64

Cannabis Law Report

OCTOBER 19, 2021

(DENVER) October 19, 2021 – Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance company servicing the cannabis ecosystem through advanced software and technologies, announced it has expanded its suite of regulatory and compliance tools with the launch of Simplifya Market Guide. Banking Guidance.

Compliance 52

Compliance Compliance Supply Chain Banking 52

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

Banking 59

Banking Business Media Access 59

Cannabis Law Report

OCTOBER 28, 2021

Wayne-based Valley National Bank, a subsidiary of Valley National Bancorp, is creating a new digital payment platform designed specifically for cannabis-related businesses. The application will allow cannabis-related businesses to provide their customers access to a compliant, secure and streamlined mobile wallet payment system.

Banking 52

Banking Compliance Compliance Programs 52

Canna Law Blog

JANUARY 16, 2019

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.

Banking 72

Banking Hemp Environment Access 72

Cannabis Law Report

AUGUST 30, 2021

provide free electronic payments within-network, powerful integrated banking capabilities, and automated compliance. I started my professional career in finance, at an investment banking firm but quickly launched my own venture capital fund. Confia enables cannabis supply chains to flow efficiently.We Mark Lozzi.

Banking 105

Banking Compliance Compliance Supply Chain 105

Cannabis Law Report

OCTOBER 26, 2021

NEW YORK–(BUSINESS WIRE)– Valley National Bank , a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley is one of the largest national banks serving multi-state cannabis-related business operators.

Banking 52

Banking Business Programs Compliance 52

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 It aims to address the state-legal cannabis industry’s lack of access to banking and other financial services.

Banking 55

Banking Safety Compliance Compliance 55

Cannabis Law Report

OCTOBER 14, 2021

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. Simplifya’s suite of compliance tools now available to the cannabis ecosystem in West Virginia include: Simplifya Standard Operating Procedures (SOPs). Emerging Medical Marijuana Market Stay Compliant.

Compliance 52

Compliance Compliance Tincture Conditions 52

Cannabis Law Report

SEPTEMBER 6, 2019

This is what they say… The Green Flower Cannabis Compliance & Regulations Certificate Program will familiarize you with the laws and regulations that govern the cannabis industry in the United States, so you’ll be able to keep your organization, your team, and yourself out of trouble as your business matures. Investment Law.

Compliance 45

Compliance Compliance Education Legalization 45

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

Cannabis Law Report

NOVEMBER 18, 2021

Sahar Ayinehsazian is based in VS’s Los Angeles office, where she focuses her practice on cannabis banking, corporate transactions, and regulatory compliance. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing. View her full bio at [link].

Banking 96

Banking Compliance Compliance Law 96

NORML

FEBRUARY 22, 2019

Senate Bill 1003 / House Bill 2273 to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities. AZ resident? CA resident?

Legislation 179

Legislation Hemp Compliance Compliance 179

Cannabis Law Report

JULY 22, 2021

Solomon’s primary contributions to date include the development and rollout of an industry-leading compliance program and the optimization of staff and assets to support rapid market expansion. As Solomon begins his new role as CEO, previous managing partner Robert Simpson will be moving into an advisory role on the Company’s Board.

Banking 105

Banking Compliance Compliance Programs 105

NORML

JUNE 14, 2019

Another hearing is scheduled for Thursday, where the Veterans Affairs Committee will discuss various bills that are pending regarding medical cannabis programs and veterans access. Legislation is pending, Senate Bill 305, to permit qualified patients the ability to access medical cannabis preparations while in health care facilities.

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Legislation Banking Access Hemp 148

Veriheal

SEPTEMBER 1, 2022

banking and insurance). Provision of accounting services; advertising services; legal or compliance services; IT, software, and communications services; packaging, transportation, or other logistics services. The “cannabis tax” is most significantly seen as it relates to banking and financing, and insurance coverage.

Business 123

Business Banking Legislation Cannabis 123

MMJ Recs

MARCH 16, 2024

Changes in regulations can have ripple effects throughout the industry, impacting supply chains, investment strategies, and consumer access to medical cannabis products. Effective supply chain management encompasses inventory management, transportation logistics, and compliance with regulatory requirements.

Supply Chain 105

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

Cannabis Law Report

JANUARY 21, 2022

20, 2022 /PRNewswire/ — Dama Financial (“Dama”), the nation’s largest provider of access to banking and payment solutions for the cannabis industry, has entered into an agreement to acquire GrowFlow Corp. (“GrowFlow”), whose business management and compliance tools have processed more than $3.3

Supply Chain 52

Supply Chain Compliance Compliance Banking 52

NORML

MARCH 8, 2019

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. CO resident?

Legislation 171

Legislation Patients Access Seed-To-Sale 171

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. 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?

Legislation 136

Legislation Hemp Patients Compliance 136

NORML

MAY 24, 2019

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.

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Legislation Hemp Access Patients 168

Cannabis Law Report

NOVEMBER 15, 2021

Treasurer Tyler Klimas, Executive Director of the Nevada Cannabis Compliance Board, At-large board member Steve Marks, Executive Director of the Oregon Liquor and Cannabis Board. At-large board member Andrew Turnage, Executive Director at the Georgia Access to Medical Cannabis Commission. Banking, Finance, and Taxation.

Compliance 98

Compliance Compliance Topical Programs 98

Cannabis Law Report

JULY 13, 2021

Liberty customers can download the Liberty Wallet app for free and connect it to their bank to purchase credits. The customer experience includes: Transfer funds from the customer’s bank into Liberty Wallet. These include credits transferred from the customer’s bank and free credits earned from previous purchases.

Banking 105

Banking Retail Programs History 105

NORML

MAY 31, 2019

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.

Legislation 111

Legislation Access Banking Hemp 111

Canna Law Blog

MARCH 20, 2023

Why aren’t banks more involved? Federal laws preventing money laundering and other financial crimes create regulatory hurdles so significant for most major banks to service cannabis businesses that it just isn’t worth the compliance burden. Despite adoption by a growing number of states, marijuana is (still) federally illegal.

Business 73

Business Banking Compliance Compliance 73

SpeedWeed

AUGUST 10, 2021

Leafly garners consumer trust through its strong focus on compliance and by helping consumers navigate dynamic regulatory environments. The post Confia Brings Technology-Based Cannabis Transaction and Banking Services to East Coast appeared first on SpeedWeed. Graubard Miller acted as Merida’s legal advisor.

Banking 52

Banking Retail Strains Cannabis 52

NORML

FEBRUARY 15, 2019

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?

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Legislation Hemp Compliance Compliance 163

Cannabis Law Report

SEPTEMBER 12, 2021

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.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

SEPTEMBER 28, 2021

Due to federal restrictions that prohibit banks from providing services to legal cannabis companies, cash and cashless ATM are the only payment options for cannabis consumers and merchants, making the process inconvenient, unreliable and dangerous. To learn more about KindTap, please visit kindtaptech.com.

Banking 52

Banking Research and Development Retail Compliance 52

SpeedWeed

JULY 5, 2021

Green Check Verified is a leading provider of cannabis banking solutions and expert advisory services for financial institutions. A key reason that Green Check Verified subscribes to the Cannabiz Media License Database is for access to comprehensive information about market sizes and opportunities. Your submission has been received!

Media 52

Media Banking Research and Development Compliance 52

Cannabis Law Report

OCTOBER 28, 2021

You could be looking at hundreds of thousands to millions of dollars for: initial operating licenses, ongoing compliance expenses, property purchases or leases, equipment, advertising, security. Hard Truth 2: Your Business May Not Be Able to Open a Bank Account. Money that flows in will flow back out just as quickly.

Banking 52

Banking Law Business Compliance 52

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. While the legal cannabis industry is slowly spreading across the U.S. The insurance broker M.J. View original article.

Business 52

Business Banking Programs Access 52