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

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

Cannabis Law Report

JUNE 8, 2021

Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. What the near future looks like for hemp and some of the upcoming projects of Kight Law Office. June 8, 2021.

Hemp 105

Hemp CBD Legalization Banking 105

Cannabis Law Report

FEBRUARY 5, 2020

The “Roadmap to Cannabis Banking & Financial Services”, aims to increase the number of financial service providers in Colorado who serve the state’s legal marijuana and industrial hemp industries. 1595, the Secure and Fair Enforcement Act of 2019 (SAFE Banking Act). Roadmap to cannabis banking_January 2020. “As

Banking 69

Banking Safety Business Cannabis 69

Veriheal

OCTOBER 7, 2020

COVID-19 has affected the relationships being cultivated between cannabis businesses and banks. Banks love the green, they love businesses that grow and continue to bring in more green UNLESS that green has anything to do with a plant called cannabis. The Pandemic Plays a Bigger Part Between Banks and Cannabis Businesses.

Banking 52

Banking Business Hemp Cannabis 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

Canna Law Blog

MARCH 22, 2019

Department of Agriculture (“USDA”) held a public meeting during which hemp stakeholders shared their opinion on the promulgation of rules to regulate the crop. Specifically, the federal agency is to review and approve “plans” submitted by states and Indian tribes that choose to hold primary regulatory authority over hemp.

Hemp 70

Hemp Supply Chain Agriculture Banking 70

Veriheal

JULY 2, 2020

However, for patients to qualify for access to medical cannabis, they must have received a diagnosis of at least one of the 14 qualifying conditions that were initially approved under the initial law. Lawmakers also sent a regulation proposal for hemp and CBD, however, the Governor has not acted on that piece of legislation at this time. .

Banking 52

Banking Programs Therapy Conditions 52

Canna Law Blog

JANUARY 11, 2020

We are heading into the first decade of scaled commercial hemp production in the United States since the 1920s. Hemp is legal. The international market is taking form and access to banking services is expanding. But the USDA’s interim rules governing the production of hemp threaten significantly this economic juggernaut.

THC 103

THC Hemp Supply Chain Concentrates 103

Canna Law Blog

SEPTEMBER 26, 2019

Back in March, former Food and Drug Administration (“FDA”) Commission, Scott Gottlieb, explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress stepped in.

Hemp 86

Hemp Law CBD Banking 86

Veriheal

JUNE 17, 2020

Since hemp was federally legalized under the 2018 Farm Bill, it is now considered an agricultural commodity like any other crop. The department’s new memo, released early April 2020 to state and county offices provides clarity on how to process direct or guaranteed loan applications for hemp producers.

Hemp 52

Hemp Agriculture Banking Access 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

NORML

FEBRUARY 22, 2019

Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations. 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. AZ resident?

Legislation 177

Legislation Hemp Compliance Compliance 177

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.

Legislation 146

Legislation Banking Access Hemp 146

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. And that puts them and the Americans they do business with at risk. .

Banking 40

Banking Cannabis Business Safety 40

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. “We are all late,” Rep. .”

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

Cannabis Law Report

APRIL 13, 2022

has announced that its Select CBD and Curaleaf Hemp products will become available for the first time in the Caribbean market thanks to a new distribution agreement with WB Canna Co. & The distribution relationship combines Curaleaf’s expertise in creating high-quality non-psychoactive hemp products with WB Canna Co.’s

Retail 52

Retail Hemp CBD Banking 52

Veriheal

SEPTEMBER 1, 2022

banking and insurance). Provision of equipment parts, substances, or testing services “needed to produce marijuana, hemp or extracts therefrom and to comply with the law, rules and regulations for testing” Sale, leasing, or renting of real estate. The proposed legislation, H.R. What Business Services Would the CLIMB Act Protect?

Business 138

Business Banking Legislation Cannabis 138

The Blunt Truth

JULY 30, 2019

Industry expert panels discussed market trends, private equity, venture capital, family offices, and banking, as well as commercial real estate, which I had the opportunity to moderate. Banking – here, too, experts caution that there won’t be advancements until the feds legalize.

Banking 78

Banking Hemp Cannabis Access 78

Canna Law Blog

MAY 14, 2019

Banking , intellectual property , food and beverage (and cosmetics ), international trade , domestic trade , state laws , ag production contracts , etc., When it comes to industrial hemp, the 2018 Farm Bill upended all of these things. All told, the amount of private capital flowing into hemp and hemp-CBD is extraordinary.

Hemp 75

Hemp CBD Policy Banking 75

Canna Law Blog

AUGUST 23, 2019

Commercial marijuana activity remains a federal crime, and the Bank Secrecy Act (“BSA”) generally prohibits financial institutions from accepting marijuana-generated dollars. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts.

Hemp 69

Hemp Business Cultivation Banking 69

Canna Law Blog

NOVEMBER 20, 2020

That was expected to change for hemp and CBD businesses after the 2014 Farm Bill, and especially after hemp was legalized as a commodity under the 2018 Farm Bill (and removed from the Controlled Substances Act). GenCanna was a vertically integrated hemp producer and CBD manufacturer.

Hemp 55

Hemp Business DEA Banking 55

Cannabis Law Report

OCTOBER 11, 2021

This week Heather speaks with Nathaniel Gurian CEO & Founder at FinCann an advisory and consulting firm specializing in cannabis and hemp industry banking and electronic payment solutions who educate banks on the risks and opportunities of providing service to the cannabis & hemp industry in the US.

Banking 52

Banking Education Hemp Access 52

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

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. AR resident?

Legislation 168

Legislation Patients Access Seed-To-Sale 168

Canna Law Blog

JUNE 22, 2023

federal prohibition, for example, creates tax headaches, immigration and naturalization concerns, and limitations on access to financial institutions. These new markets create numerous opportunities for business and investment, but at a great cost: U.S.

Banking 57

Banking Access Topical State Laws 57

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. This new mandate struck a chord because, unlike credit cards, debit cards are linked directly to an individual’s bank account. THC by dry weight.

Banking 98

Banking Dispensary Cannabis Recreational 98

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.

Legislation 166

Legislation Hemp Access Patients 166

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. View her full bio at [link]. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing.

Banking 96

Banking Compliance Compliance Law 96

Cannabis Law Report

JUNE 30, 2021

In May 2021, Cannabis Law Report talked with John Friess, Founder and CEO of the Metolius Hemp Company in Bend, Oregon about their company roots, how consumers have evolved, and his words of wisdom for others in the industry. . John Friess, Founder and CEO of Metolius Hemp. CLR: Why CBD? Why a new brand? the execution? your process?

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Hemp Sleep CBD Topical 111

Canna Law Blog

OCTOBER 9, 2020

On September 17, I , along with my colleagues, Griffen Thorne and Vince Sliwoski , held a webinar entitled “Hemp CBD Q&A,” a recording of which is available on our blog. Does any state have a model law(s) governing the licensing of in-state hemp processors? This is due, in part, to the grey legality of Hemp CBD products.

Hemp 53

Hemp CBD Research and Development THC 53

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 135

Legislation Hemp Patients Compliance 135

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. Click here to email your governor in support of industrial hemp production. AL resident? AL resident?

Legislation 110

Legislation Access Banking Hemp 110

Cannabis Law Report

JANUARY 28, 2019

Vote Hemp Releases 2018 U.S. Hemp Crop Report Documenting Industrial Hemp Cultivation and State Legislation in the U.S. WASHINGTON, DC —Vote Hemp, the nation’s leading grassroots hemp advocacy organization, has released its 2018 U.S. Hemp Crop Report. Hemp Crop Report, please visit: [link].

Hemp 40

Hemp Cultivation Legislation Digestion 40

Canna Law Blog

DECEMBER 27, 2019

Front and center in these discussions are: 1) the importance of due diligence prior to entering a new business relationship and 2) the importance of a fulsome contract written by at attorney knowledgeable in the hemp industry that accounts for the likelihood that things may not go as planned. Hettervig v. Morell et al. million in damages.

Hemp 63

Hemp Extraction Business Policy 63

Canna Law Blog

APRIL 21, 2023

That crowdfunding platform hosted two crowdsource offerings for cannabis and hemp companies, which sold up to $2 million of unregistered securities. In any event, no, crypto cannot and will not answer the issue of federal illegality when it comes to banking. Bank fraud Somewhere up there with crypto cannabis frauds is bank fraud.

Banking 68

Banking Cannabis Business Dispensary 68

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.

Banking 66

Banking Access Hemp Business 66