Canna Law Blog

SEPTEMBER 26, 2019

Moreover, the lawmakers are hoping that regulatory certainty will provide stakeholders access to banking services and open up new economic opportunities for the industry while at the same time protect consumers. The spending reports mandates the FDA to clear a path for the lawful marketing of these products within 120 days.

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Hemp Law CBD Banking 101

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? .”

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Legislation Patients Access Seed-To-Sale 194

NORML

MAY 10, 2019

Senate Democratic Leader Chuck Schumer and House Democratic Caucus Chairman Hakeem Jeffries announced their intentions to introduce legislation known as the Marijuana Freedom and Opportunity Act, to remove marijuana from the Controlled Substances Act (CSA), thus ending the nearly century-long federal policy of criminalization and prohibition.

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Legislation Hemp Compliance Compliance 175

Canna Law Blog

JANUARY 11, 2020

The international market is taking form and access to banking services is expanding. First by the European Union, whose Common Agricultural Policy caps THC concentrations at 0.2 And for good reason: the recreational market is expanding. Hemp is legal. CBD and other cannabinoids are fast becoming (if not already) household names.

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THC Hemp Supply Chain Concentrates 124

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. Senate Bill 45 would make this policy consistent for juvenile offenders. Click here to email your lawmakers in support of banking access. DE resident? IL resident? IL resident? KS resident? MN resident?

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Legislation Hemp Patients Compliance 161

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. ” At a more local level, the decriminalization policy in Dayton, Ohio went into effect this week. HI resident?

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Legislation Hemp Compliance Compliance 188

WeedAdvisor

JUNE 10, 2019

If passed, this bipartisan bill would demolish an obstacle that has plagued banks and dispensaries alike. Due to the clashes between laws in legal states and federal laws – which maintain that marijuana is illegal – banks fear federal prosecution if they handle money from otherwise legal dispensaries. Banking Policies. .

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Banking Dispensary Legislation Decriminalization 49

The Blunt Truth

DECEMBER 26, 2019

In February, we saw the first ever Congressional hearing on cannabis banking. On the federal level, however, the SAFE Banking Act was approved by the House Financial Services Committee (45-15). In the world of hemp, marijuana’s straight-arrow cousin, the Department of Agriculture released guidelines for importing hemp seeds.

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Banking Hemp Agriculture Seed-To-Sale 71

Cannabis Law Report

AUGUST 9, 2021

A memo from the Farm Credit Administration to farm credit banks and associations on hemp financing has The National Industrial Hemp Council concerned that growers could have difficulty obtaining loans to expand their operations. Department of Agriculture. Agri Pulse.

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Hemp CBD Legalization Edibles 105

Cannabis Law Report

DECEMBER 19, 2019

He’s demanding more studies and much tighter rules around banking and the crop. Chairman Crapo Outlines Concerns with Cannabis Banking Legislation. WASHINGTON – Senate Banking Committee Chairman Mike Crapo (R-Idaho) is inviting public feedback on ways to address public health and money laundering concerns with cannabis banking.

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Banking Legalization Safety Research and Development 71

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. All expressed concerns regarding testing procedures, interstate transportation of the crop, access to banking, and guidance from the Food and Drug Administration (“FDA”).

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Hemp Supply Chain Agriculture Banking 84

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Senate Bill 45 would make this policy consistent for juvenile offenders. 315 was scheduled for a hearing in the House Agriculture Committee on 6/26/19. Update : SB 51 is scheduled for a hearing in the Assembly Business And Professions Committee on 7/9/19.

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Legislation Access Decriminalization Patients 116

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. He also said that he feels legalization at the federal level is an inevitability. Here’s his full presentation.

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Banking Law Legalization Hemp 89

Cannabis Law Report

JUNE 14, 2019

Agriculture Commissioner Nikki Fried announced Monday a new Medical Marijuana Advisory Committee, which she says will collaborate with the Florida Department of Agriculture and Consumer Services to help improve the state’s medical marijuana policies. Here are the details care of Sunshine State News. Source: [link].

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Agriculture Marijuana Research and Development Policy 40

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. The Farm Bill changes the classification of hemp to an agricultural product. Bank Secrecy Act Compliance. The timing of the ongoing monitoring depends on the institution’s level of risk and their high-risk monitoring policies and procedures.

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Banking Hemp Marijuana Compliance 40

Cannabis Law Report

MARCH 6, 2019

.” Cobb has been recognized for his efforts to gain support for the Secure and Fair Enforcement Banking Act, which will allow pot businesses to bank freely, like any other legitimate business. Full Report [link]. Here’s his bio on his law firm page. WHO WE ARE. Brady Cobb. Governor Haley Barbour.

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Banking Policy Legislation Compliance 78

CannaMD

APRIL 15, 2020

The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.

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Policy Patients Dispensary Banking 80

NORML

APRIL 26, 2019

Update : SB 225 was heard by the Senate Committee on Agriculture, Conservation and Forestry on 4/24/19. Click here to email your lawmakers in support of banking access. Update : HB 491 was approved by the House Committee on Agriculture, Forestry, Aquaculture, and Rural Development on 4/25/19. AL resident? CA resident?

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Legislation Compliance Compliance Hemp 174

SMPL

MAY 21, 2020

Louisiana lawmakers advanced three marijuana reform bills on Wednesday, and that includes legislation that would dramatically expand the state’s medical cannabis program and offer protections for banks that service marijuana businesses. Another bill introduced by Rep.

Banking 40

Banking Marijuana Legislation Patients 40

NORML

MAY 31, 2019

Legislation is pending, House Bill 2980 / Senate Bill 2023, to amend the Illinois Banking Act and the Illinois Credit Union Act in a manner that facilitates banks and other financial institutions to safely conduct transactions with licensed marijuana businesses. Click here to email your lawmakers in support of banking access.

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Legislation Banking Access Hemp 121

Canna Law Blog

NOVEMBER 12, 2019

The state Department of Food and Agriculture oversees 3,830 farmers.” To wrangle and control a new industry unlike any other is incredibly difficult and many challenging policy and legal decisions have to be made by these regulatory bodies without any assistance (or budget) from other branches of state and federal governments.

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Banking Cannabis Vaping Business 102

Cannabis Law Report

SEPTEMBER 24, 2019

As early as September 23, 2019, the United States House of Representatives is expected to vote on the widely anticipated Secure and Fair Enforcement (SAFE) Banking Act. While hemp and marijuana are both derived from the plant Cannabis sativa L, they are legally distinguished on both a federal and state level by their THC content.

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Banking Law Compliance Compliance 40

Cannabis Law Report

MARCH 13, 2019

tax code; banking procedures; accounting policies and procedures; licensing; operating policies; outsourced accounting; referrals to ancillary service providers; and general business consulting. Will Banks get a Hit of the Cannabis Industry? Home » Blogs » Will Banks get a Hit of the Cannabis Industry?

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Hemp Business Banking Concentrates 71

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. 315 was heard by the Agriculture/Environment/Natural Resources Committee on 5/23/19, and is scheduled for another hearing in the same committee on 5/30. Update : SB 51 was approved by the Senate on 5/21/19, and now heads to the Assembly. CA resident? Update : S.

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Legislation Hemp Access Patients 192

Illinois News Joint

DECEMBER 17, 2024

In the absence of federal banking standards for the cannabis industry, the Illinois Department of Commerce and Economic Opportunity (DCEO) has grant and loan programs to support small businesses, but its not sufficient to support needed growth. While the number of women and minority owners has increased in recent years, more can be done.

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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. That is changing.

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Hemp Business Cultivation Banking 94

Cannabis Law Report

SEPTEMBER 29, 2021

The membership subsequently met with the USDA’s new Hemp Work Group, and White House officials that serve the President on agriculture and drug control policy. Senators) who joined the group in a spirited, interactive discussion on hemp public policy. The national media took notice of some of the highlights: Rep. By Kyle Jaeger.

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Hemp Banking Legislation Policy 52

Cannabis Law Report

APRIL 1, 2022

Following last week’s report that licensed alcohol retailers in Pennsylvania are being denied licenses to sell CBD, we sent a letter to the Pennsylvania Liquor Control Board and Department of Agriculture to urge them to reverse their new policy.

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Hemp Banking THC Policy 52

Cannabis Law Report

APRIL 26, 2022

Known for its harsh anti-drug policies, Thailand became the first country in South East Asia to legalise medical cannabis in 2018, with the legislation passing in February 2019. This legislative support, coupled with our rich legacy as an agricultural powerhouse, primes Thailand as a leader in the cannabis space.”. In 2020, 8.6%

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Legislation Agriculture Research and Development Banking 52

Cannabis Law Report

APRIL 8, 2022

The Nation ’ s Hemp Advocacy Organization Coordinated A Full-Day Of Meetings On Capitol Hill To Advocate For FDA regulation Of CBD, SAFE Banking, And The Hemp Advancement Act . Andy Barr (R-KY), a member of the House Financial Services Committee, to discuss efforts to pass the SAFE Banking Act. Hemp Roundtable conducted a “D.C.

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Hemp Banking Policy CBD 52

The Cannigma

OCTOBER 10, 2021

A demonstration in central Athens during the Global Marijuana march, an annual rally demanding the legalization of marijuana and changes in drug policies (Shutterstock). In 2017 , Deputy Minister for Agriculture Yiannis Tsironis called for the legalization of cannabis cultivation for personal use. overall had used cannabis.

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Legalization Seed-To-Sale Cultivation Patients 98

Cannabis Law Report

JUNE 26, 2019

In May 2019, Florida Commissioner of Agriculture Nikki Fried announced that a newly-created and appointed Medical Marijuana Advisory Committee of 18 doctors, lawyers, patients, industry leaders, and advocates will be implemented in order to “advance and modernize policies” to move Florida into the future of medical marijuana.

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Marijuana Agriculture Research and Development Education 65

Cannabis Law Report

JANUARY 3, 2022

Senate’s Committee on Agriculture, Nutrition and Forestry. Department of Agriculture for farmers, and the Bureau of Alcohol, Tobacco, Firearms and Explosives for adult-use MJ products and industry enforcement. SAFE Banking Act. The banking initiative had been amended into the defense bill in September by the House.

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Hemp Packaging Banking Food 52

Otherside Farms

FEBRUARY 14, 2019

That is, banks can now get involved, and if the banks get involved, the credit card companies can get involved, and if that happens, the big retailers will want part of that market like Target and Wal-Mart, “Sean explained. “This bill is very important because there will be a domino effect.

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CBD Legalization Hemp Chronic Pain 65

Cannabis Law Report

APRIL 15, 2022

Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Provide for reforms to the treatment of marijuana-related activities or convictions in federal immigration policy. Chuck Schumer (D-NY), and Rep.

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Marijuana Banking Research and Development Legislation 52

Cannabis Law Report

JUNE 25, 2021

From the South, McKay has a long history of business and civic involvement, serving on community and company boards including US Bank, The Daily Beast, Pike Place Market, Mary’s Place, Pilchuck School of Glass, and Seattle Opera. She trained a team including architects, engineers, and other construction professionals on new policy.

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Media Research and Development Pets Medicine 99

MMJ Recs

MARCH 16, 2024

The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions. Policy decisions related to taxation, zoning, and advertising also impact the industry’s operations and growth trajectory.

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