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.

Banking 184

Banking Access Business Safety 184

NORML

AUGUST 19, 2019

The MORE Act, which was introduced to the US Congress last month, would completely decriminalize marijuana at the federal level. Currently, public support for legalizing weed nationwide is at an all-time high: 62 percent of Americans favor legalizing the adult use of marijuana, while over 90 percent want access to medical cannabis.

Policy 277

Policy Marijuana Legislation Programs 277

NORML

APRIL 12, 2023

Highlights include: AR, CA, CO, ME, MD, MO, NH, PA, SC, and TX The post State Policy Weekly Update 4/12/2023 appeared first on NORML.

Policy 189

Policy Access Consumption Banking 189

NORML

APRIL 1, 2020

“As individuals and families struggle to cope with the day-to-day challenges of the COVID-19 global pandemic, it is inappropriate and irresponsible for state and local governments to continue utilizing precious resources and capacity to arrest, prosecute, and incarcerate Americans for marijuana violations,” said NORML’s Strekal.

Policy 254

Policy Advocacy Safety Patients 254

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

Canna Law Blog

MARCH 17, 2019

Great news: on March 7, 2019, the “ Secure and Fair Enforcement Banking Act of 2019 ” (or, the “SAFE Banking Act”) was officially introduced in the House of Representatives. In case you need a refresher, the SAFE Banking Act needs to pass the House by a simple majority (218 of 435) to reach the Senate. Stay tuned.

Banking 74

Banking Marijuana Safety Business 74

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

NORML

MAY 11, 2020

. “NORML’s mission is to move public opinion sufficiently to legalize the responsible use of marijuana by adults, and to serve as an advocate for consumers to assure they have access to high quality marijuana that is safe, convenient and affordable.” ” Download the Resource Guide. Here’s how.

Advocacy 345

Advocacy Access Banking Retail 345

Veriheal

DECEMBER 22, 2023

Additionally, these past proposals also pushed for equal access to the economic opportunities arising from the legal cannabis market. Other Advocacy Efforts Beyond the NAACP and UFCW, other organizations are also rallying for advancements in cannabis policy.

Legalization 120

Legalization Supply Chain Banking Marijuana 120

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

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. It would be nice to have clarity on that supervisory relationship.”

Banking 139

Banking Policy Business Safety 139

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. SAFE Banking Act of 2019”) to protect banks against such prosecution. New Legislation. .

Banking 45

Banking Business Legalization Marijuana 45

Cannabis Law Report

SEPTEMBER 19, 2019

“We are concerned that if the House approves this bill, it will undermine broader and more inclusive efforts to reform our country’s marijuana laws,” the groups wrote to House Speaker Nancy Pelosi (D-CA) and House Majority Leader Steny Hoyer (D-MD) in a letter on Tuesday. The banking bill does not address marijuana reform holistically.

Banking 51

Banking Marijuana Legislation Policy 51

NORML

OCTOBER 15, 2019

1) Increased Access. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options. 4) US relations – border & banking.

Legalization 197

Legalization Advocacy Banking Access 197

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

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. In a recent post, we explained that “the 2018 Farm Bill modified the Controlled Substances Act (the ‘CSA’) to exempt hemp from the definition of marijuana.

Banking 72

Banking Hemp Environment Access 72

Cannabis Law Report

OCTOBER 5, 2021

It’s been a busy few weeks in Washington DC for cannabis : the House Judiciary Committee approved the MORE Act, the SAFE Banking Act got attached to the National Defense Authorization Act, and Senators Schumer, Wyden, and Booker are still garnering support for the Cannabis Administration & Opportunity Act.

Banking 52

Banking Digestion Legislation Sleep 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

NORML

MARCH 20, 2020

“Given the tremendous amount of uncertainty in the broader economy, the hundreds of thousands of American workers who are employed by the state-legal marijuana industry must be respected and protected by the emergency actions being taken by elected officials,” said NORML Political Director Justin Strekal.

Business 330

Business Legislation Access Policy 330

Cannabis Law Report

AUGUST 12, 2021

Applications for medical marijuana dispensaries available for the first time since 2010, caregiver applications added to Office of Marijuana Policy’s electronic offerings. Both dispensaries and caregivers may conduct sales to medical marijuana patients in Maine. Adult use retailers operate marijuana stores.

Marijuana 105

Marijuana Dispensary Programs Retail 105

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.

Access 55

Access Banking Safety Events 55

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 In a vote Tuesday, the U.S.

Banking 55

Banking Safety Compliance Compliance 55

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.” ” This marks the first time that members of the Energy and Commerce Committee will hear and debate issues specific to marijuana policy reform. IN resident?

Legislation 245

Legislation Decriminalization Access Patients 245

MassRoots

FEBRUARY 11, 2019

420, my bill to legalize and responsibly regulate and tax marijuana,” Wyden tweeted on February 8. It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it.”. 420, my bill to legalize and responsibly regulate and tax marijuana. “I introduced S.420,

Legalization 111

Legalization Marijuana Legislation Policy 111

Canna Law Blog

APRIL 14, 2019

The SAFE Banking Act just got a new, prominent supporter – on April 9, 2019, Treasury Secretary Steven Mnuchin pledged to take a look at the legislation that would allow financial institutions to service cannabis businesses. As we’ve previously written about, there have been several calls for clarity on this banking issue.

Banking 71

Banking Legislation State Laws Business 71

Cannabis Law Report

JULY 20, 2019

The banks actions will mean somebody at the FDIC will have to make some serious decisions that could lead to a number of ramifications for the cannabis sector not only in CA but also nationwide. A small California bank’s merger application could force the FDIC to take a firmer stand on marijuana banking.

Banking 40

Banking Data Media Business 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. Most Americans live in states where marijuana is legally available in some form. “We are all late,” Rep.

Banking 53

Banking Dispensary Safety Seed-To-Sale 53

SpeedWeed

FEBRUARY 19, 2021

The Cannabis Regulators Association, a recently formed but potentially influential marijuana industry group, welcomed an overseer of the country’s biggest MJ market into its fold while pushing Congress on six key reform demands. Facilitating access to banking and other traditional financial services.

Research and Development 52

Research and Development Marijuana Banking Policy 52

Cannabis Law Report

JUNE 16, 2022

million cultivated marijuana plants and made more than 6,600 marijuana-related arrests in 2021, according to annual data compiled by the US Drug Enforcement Administration. . Law enforcement also reported making 6,606 marijuana-related arrests, a 25 percent increase over the prior year’s totals (when agents reported 4,992 arrests).

DEA 52

DEA Marijuana Programs Data 52

SMPL

AUGUST 14, 2019

The American Bar Association (ABA) adopted a resolution on Monday that calls on Congress to allow states to set their own marijuana policies and recommends rescheduling or descheduling cannabis under federal law. The report goes on to describe how its recommendations would help resolve some of these issues.

Policy 40

Policy Research and Development Marijuana DEA 40

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.

Banking 98

Banking Dispensary Cannabis Recreational 98

Cannabis Law Report

SEPTEMBER 9, 2021

The current public policies in local and state cannabis ordinance and equity programs may enhance racial disparities if they follow the pattern of exclusion and criminalization that encompass past policies promoted as beneficial to African Americans but uphold racial capitalistic practices. Theme 3 involved access to capital.

Policy 105

Policy Research and Development Collective Banking 105

Canna Law Blog

MARCH 11, 2022

As reported (paywall) by the New York Times, New York intends to reserve its first retail licenses to sell marijuana for people convicted of marijuana related offenses, or their relatives. Numerous states that have legalized marijuana have adopted some form of social equity programs.

Retail 80

Retail Policy Banking Programs 80

Canna Law Blog

SEPTEMBER 21, 2022

The struggles of failing marijuana businesses to wind down and pay creditors in an orderly fashion serve no one. Among the problems marijuana businesses face such as lack of access to banking and onerous taxation stemming from IRC 280E is the lack of access to bankruptcy proceedings. Background. This is common.)

Marijuana 66

Marijuana Business Access Decriminalization 66

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

SEPTEMBER 12, 2021

Marijuana Moment reports. Let me be clear about where I stand,” he said, according to his remarks as prepared for delivery that were obtained by Marijuana Moment. “It Top Federal Financial Regulator Slams Congress Over Marijuana Inaction And Calls For Interagency Banking Workgroup. Read full article. September 2021.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

JULY 2, 2021

The Cannabis Freedom Alliance (CFA) will take this opportunity to provide you each month with relevant news, policy, and legislative updates on how CFA and its members are marching towards the goal of ending cannabis prohibition. CFA to Issue Recommendations for Federal Regulation of Legal Marijuana.

Policy 119

Policy Legislation Cannabis Legalization 119