Cannabis Law Report

JUNE 4, 2021

These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking? Why MSOs face unique banking challenges.

Banking 87

Banking Supply Chain Dispensary Business 87

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

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? Compare 5 cannabis-friendly banks and credit unions.

Banking 110

Banking Compliance Compliance Business 110

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.

Compliance 52

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

MAY 28, 2022

Despite progress over the past decade, the cannabis industry still struggles to access a fundamental piece of the U.S. Congress should either legalize cannabis or stop deputizing banks as drug enforcement investigators. The State of Banking. what is proposed in the SAFE Banking Act ), or enacting full legalization.

Banking 52

Banking State Laws Law DEA 52

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. The gray area of cannabis being legal in certain states, but not the U.S., All over the U.S., Somebody has to go through this.

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

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 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

SpeedWeed

APRIL 20, 2021

Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. billion of legal cannabis sales in the U.S.

Banking 52

Banking Legislation Safety Access 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. Legal Officer.

Compliance 45

Compliance Compliance Education Legalization 45

SpeedWeed

MARCH 21, 2021

State-legal cannabis companies aren’t stashing large stacks of cash behind walls or rubber-banded bankrolls in hidden vaults. billion of legal cannabis sales in the U.S. billion of legal cannabis sales in the U.S. But those banks are not the “national associations” of the world. Shannon Price | Adobe Stock.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

JUNE 25, 2021

While these products are no longer illegal (notably a different definition than “legal”), most banks have been hesitant to jump in, citing the lack of framework from the compound’s new agencies of oversight: the USDA and the FDA. What do banks typically require of a CBD business and its website? And while the 0.3%

Banking 66

Banking CBD Hemp Seed-To-Sale 66

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. Welcome, Tony.

Compliance 52

Compliance Compliance Banking Data 52

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

Canna Law Blog

JANUARY 16, 2019

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. 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. It’s huge news. Stay tuned.

Banking 72

Banking Hemp Environment Access 72

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

JUNE 5, 2019

House Democrats have introduced bipartisan legislation to address the conflict between states that have legalized cannabis within their borders for medical and/or personal use, and federal law, under which cannabis remains a Schedule I controlled substance. The Secure and Fair Enforcement (SAFE) Banking Act of 2019 , H.R.

Banking 40

Banking Compliance Compliance State Laws 40

Cannabis Law Report

OCTOBER 14, 2021

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. Under the law patients will be able to legally purchase medical cannabis in pills, oils, topical forms, concentrate administered by vaporization or nebulization, dry leaf or plant forms, tinctures, liquid and/or dermal patches. “As

Compliance 52

Compliance Compliance Tincture Conditions 52

Cannabis Law Report

FEBRUARY 14, 2020

Mike Crapo urging him to support the SAFE Banking Act and hold a markup in the Senate Banking Committee. . The House of Representatives passed the SAFE Banking Act by a vote of 321-103 in September, with 91 Republicans voting in favor. Without banking services, U.S. This is not a partisan issue, or a regional issue.

Banking 59

Banking Safety Environment Business 59

WeedAdvisor

SEPTEMBER 21, 2019

With cannabis reform sweeping across the country, measures life the SAFE Banking Act are welcome by many financial institutions and members of the cannabis industry. However, top Democratic Senator Chuck Schumer feels that the SAFE Banking Act is insufficient and potentially detrimental to legalization. Not Likely to Change.

Banking 49

Banking Advocacy Legislation Dispensary 49

Greenspoon Marder Cannabis Law Group Blog

SEPTEMBER 25, 2019

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.

Banking 40

Banking Hemp Safety Business 40

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

Last week, the National Credit Union Administration (NCUA) issued interim guidance stating that federally insured credit unions may provide certain financial services to legally operating hemp businesses. The need for cannabis businesses to have access to banking services continues to gain federal support.

Banking 40

Banking Hemp Marijuana Events 40

WeedAdvisor

SEPTEMBER 18, 2019

According to Forbes , one third of the Senate now supports the SAFE Banking Act, a bill that would provide dispensaries access to critical financial services. Outside the walls of the House and Senate, banking industry insiders and advocates are clamouring to have the SAFE Banking Act passed. Skipping Ahead. .

Banking 45

Banking Dispensary Legislation State Laws 45

WeedAdvisor

SEPTEMBER 10, 2019

Over the past few months, we covered the progress of the SAFE Banking Act as the fate of financial services to dispensaries hung in the balance. Despite being medically legal in 33 states and fully legal in 11, financial institutions avoided these businesses like the plague. SAFE Banking Act Will Likely Pass. .

Banking 45

Banking Dispensary Business Compliance 45

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 138

Business Banking Legislation Cannabis 138

MMJ Recs

MAY 5, 2024

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. However, recreational use has also recently been legalized in California but it remains illegal under federal law.

Law 52

Law Marijuana Cultivation Patients 52

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Leon Guerrero (D) of Guam signed cannabis legalization legislation into law. CA resident? CT resident?

Legislation 185

Legislation Banking Hemp Compliance 185

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

NORML

FEBRUARY 22, 2019

On the same day, LegalizeND announced that they will try again with a 2020 legalization ballot initiative. The bill clarifies that products made from the resin of the cannabis plant are legal for medical purposes under state law, including extracts, concentrates, oils, tinctures, and edible products, amongst others. AZ resident?

Legislation 176

Legislation Hemp Compliance Compliance 176

Cannabis Chronicles

FEBRUARY 8, 2019

Ron Wyden proposed legislation Friday that would give states a free hand to allow legal cannabis markets without the threat of federal criminal intervention, the latest push in Congress to bolster the nation’s burgeoning pot industry. It would also reduce barriers for legal marijuana businesses to get access to banking.

Banking 159

Banking Packaging History Compliance 159

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

Cannabis Law Report

JANUARY 30, 2019

European cannabis firms and investors enviously watching the rapid maturation of the multi-billion dollar North American industry may consider something both geographies have in common; the difficulty of getting banks onside. As of September 2018, Forbes reported just 30 percent of cannabis firms in the US had access to bank accounts.

Banking 77

Banking Hemp Business Cannabis 77

Cannabis Law Report

JULY 31, 2019

Polls show that about 65 percent of Americans support legalization of marijuana and 93 percent of Americans support medical marijuana. Americans’ access to cannabis has also grown as states pass various laws allowing medical and adult use of the plant. territories allow for some form of legal cannabis.

Banking 40

Banking Research and Development Safety Legislation 40

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.

Supply Chain 105

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

SpeedWeed

MARCH 24, 2021

Like the opening bell on the trading floor of the Stock Exchange, the reintroduction in Congress last week of the long-awaited Secure and Fair Enforcement (SAFE) Banking Act and related Clarifying Law Around Insurance of Marijuana (CLAIM) Act was a call to action for carriers and insurance brokers across the country. SAFE Banking Act.

Banking 52

Banking Business Policy Legislation 52