MJ Business Attorneys

AUGUST 27, 2019

” The ABA’s solution to federal regulatory reform is essentially an endorsement of the Strengthening the Tenth Amendment Through Entrusting States Act (“STATES Act”). The ABA’s final proposal calls on Congress to actively facilitate research into marijuana.

Research and Development 100

Research and Development Legislation Banking Compliance 100

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

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. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

Legislation 151

Legislation Hemp Patients Compliance 151

NORML

MAY 24, 2019

Click here to email your lawmakers in support of banking access. This measure prohibits employers from arbitrarily discriminating against prospective employees who legally consume cannabis off-the-job in accordance with state law. Update : SB 51 was approved by the Senate on 5/21/19, and now heads to the Assembly. CA resident?

Legislation 184

Legislation Hemp Access Patients 184

NORML

APRIL 26, 2019

Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations. 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.

Legislation 163

Legislation Compliance Compliance Hemp 163

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 116

Cannabis Law Report

DECEMBER 14, 2019

On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. The Joint Statement.

Hemp 59

Hemp Business Banking Agriculture 59

NORML

JUNE 28, 2019

Click here to email your lawmakers in support of banking access. Under state law, adults face civil penalties for minor marijuana possession offenses. Legislation is pending, Senate Bill 315, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.

Legislation 112

Legislation Access Decriminalization Patients 112

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. Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law.

Hemp 88

Hemp Business Cultivation Banking 88

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.

Banking 40

Banking Law Compliance Compliance 40

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. Unlike the MORE Act or CAOA, the SAFE Banking Act does not remove marijuana from CSA’s Schedule I. Chuck Schumer (D-NY), and Rep.

Marijuana 52

Marijuana Banking Research and Development Legislation 52

Veriheal

JANUARY 5, 2021

And, again, since working with banks at all isn’t an option for the majority of cannabis businesses—they must conduct transactions in cash, which many people don’t carry at all, and many who do are reluctant to pass during a pandemic. The Benefits of Unionization Under State Law.

Cultivation 52

Cultivation Agriculture Business Cannabis 52

Cannabis Law Report

JUNE 1, 2022

POSTED IN ALABAMA , MEDICAL MARIJUANA , STATE LAW DEVELOPMENTS. The Alabama Department of Agriculture and Industries, tasked with issuing rules for cultivation activities, issued its proposed rule , “Medical Cannabis Cultivation,” on May 17, 2022. By Whitt Steineker & Elizabeth R. Hobbs on June 1, 2022. Elizabeth R.

Programs 52

Programs Banking Cultivation Patients 52

The Blunt Truth

OCTOBER 22, 2019

residing abroad hoping to get an E-2 or EB-5 investor visa who wants to invest in and start a business even only remotely involved in the weed trade (other than agricultural hemp [per new § 297A Agricultural Marketing Act of 1946, 7 U.S.C. practicing law in the U.S. 1200 , The SAFE Banking Act, awaits a vote. 1621 et seq.,

DEA 51

DEA Banking Agriculture Law 51

Cannabis Law Report

APRIL 24, 2019

Let’s begin with the following: STATES Act Becomes Law. The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. See The Murky Part of the STATES Act: Tribal Rights ].

Legalization 58

Legalization Collective DEA Banking 58

Cannabis Law Report

DECEMBER 23, 2019

The Bureau of Cannabis Control (BCC) sent out 2,842 cease-and-desist letters to cannabis shops and businesses suspected of operating without state licenses. State regulators announced enforcement actions all over the State which then resulted in the first round of charges against operators violating state law.

Law 59

Law Banking Hemp Retail 59

Cannabis Law Report

NOVEMBER 6, 2021

In the United States, the level of THC defines the difference between agricultural grade hemp and marijuana, Velazquez said. “You can produce hemp in all 50 states as long as it contains less than the federal THC limits.” THC is the substance that contains psychoactive properties. “In 2018, the U.S.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

MAY 25, 2019

A flurry of state legislatures are enacting new or amended state laws concerning hemp and more are expected to do so in early 2020. Yet, there remain instances of isolated state and/or local enforcement activity towards lawful hemp. “We As such, it is critical that people understand that hemp is not marijuana.

Hemp 40

Hemp Law Legalization State Laws 40

Cannabis Law Report

OCTOBER 22, 2019

residing abroad hoping to get an E-2 or EB-5 investor visa who wants to invest in and start a business even only remotely involved in the weed trade (other than agricultural hemp [per new § 297A Agricultural Marketing Act of 1946, 7 U.S.C. 1200 , The SAFE Banking Act, awaits a vote. work here, or apply for a green card.

DEA 40

DEA Banking Agriculture Supply Chain 40

SpeedWeed

JULY 17, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Legalization 52

Legalization Banking Legislation Cannabis 52

SpeedWeed

JULY 17, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Banking 52

Banking Legislation Cannabis Policy 52

SpeedWeed

JULY 16, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Dispensary 52

Dispensary Banking Legislation Cannabis 52

The Blunt Truth

OCTOBER 29, 2019

While the law set the record straight between hemp and marijuana, it also tasked the US Department of Agriculture (USDA) with promulgating regulations and guidelines to establish and administer a program for the production of hemp in the US. The SAFE Banking Act May Help CBD Industry.

Hemp 45

Hemp Legislation CBD Research and Development 45

SpeedWeed

MARCH 10, 2021

Examples such as these underscore the importance of thoroughly researching the state law and local laws of a community before selecting one for your cannabis business. Because cannabis is still classified as a Schedule 1 drug, most banks will not provide accounts to or lend to cannabis companies. .

Business 52

Business Banking Seed-To-Sale Research and Development 52

Cannabis Law Report

JANUARY 13, 2020

Here, we provide an overview of patent trends in the cannabis industry and how cannabusinesses can use patents to protect their technological, agricultural, genetic, or other innovations. a contractual falling out between bank robbers). We previously explored the applicability of trade secret protection to cannabis-related inventions.

Extraction 59

Extraction Collective Supply Chain Strains 59

Cannabis Law Report

MARCH 21, 2019

The USDA’s Agricultural Marketing Service Administrator Bruce Summers said last week that the agency will aim to complete the hemp production regulations by fall 2019, in time for states to submit plans for the 2020 spring hemp planting season. House Committee to Vote on Cannabis Banking Bill Next Week.

Digestion 49

Digestion Dispensary Recreational Legislation 49

Cannabis Law Report

JUNE 26, 2022

In December, 2018, the Agriculture Improvement Act of 2018, also known as the “Farm Bill,” was passed by Congress. Colleges offering these programs would also be required to comply with any state laws regulating the use of hemp. 14 The Farm Bill removed low-THC hemp, which contains 0.3%

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

NOVEMBER 14, 2019

We also discuss why advocates have a problem with the SAFE Banking Act, the impediments to wide-spread legalization and the best ways for companies to navigate regulations. The SAFE Banking Act that passed yesterday, what are your thoughts on all of that? So, I’ll use the SAFE Banking Act. Agricultural Department, right?

Digestion 49

Digestion Law Legislation Programs 49

Cannabis Law Report

SEPTEMBER 22, 2019

Laws protecting patients and their providers vary from state to state and, in some cases, may vary from county to county. Many individuals choose to break outdated state laws that do not account for medical use or their access. ” EMPLOYMENT RIGHTS.

Cannabis 45

Cannabis Access Patients Legalization 45

SpeedWeed

MARCH 7, 2021

I tend to look at all the documents that the state puts out to help me and my team get an understanding of what’s going on in the licensing field. In looking at what the Department of Agriculture puts out in Alabama, I was a little shocked and surprised to see they have a document called, Am I Ready to be a Hemp Processor Handler?

Extraction 52

Extraction Hemp Media Data 52

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. So what was that like for you?

Compliance 52

Compliance Compliance Banking Data 52

NORML

APRIL 2, 2019

1/4/19), SB 5131: Amends the state’s medical cannabis law so that qualified medical marijuana patients and designated providers can purchase immature plants, clones, or seeds from a licensed producer. It is estimated that 3,500 individuals will be eligible for expungement. (1/4/19), ” 3/20/2019.

Marijuana 279

Marijuana Legislation Policy Legalization 279

Canna Law Blog

FEBRUARY 17, 2023

Employment Law Disputes: The legalization of marijuana has created unique challenges for employers who have to balance state laws that allow marijuana use with federal laws that still prohibit it. As a result, there has been an increase in employment law disputes, such as wrongful termination or discrimination claims.

Banking 98

Banking Business Legalization Cannabis 98

Canna Law Blog

MARCH 13, 2024

The Risks and Rewards of Starting a Cannabis Business Some of the top risks involved with cannabis businesses include: Product liabilities: Although the industry is heavily regulated, cannabis is still an agricultural product. Supply chain: At the moment, cannabis companies can only transport products within their own states.

Business 107

Business Supply Chain Edibles Dispensary 107

Canna Law Blog

SEPTEMBER 6, 2020

This Assembly Bill addresses cannabis banking on the state level. It’s admirable of California to make it official that financial institutions (and accountants) don’t commit any crimes under state law by virtue of servicing cannabis businesses. There’s one issue though: federal law. ” SB 67.

Banking 89

Banking Pets Cultivation Legislation 89

Canna Law Blog

NOVEMBER 16, 2021

This includes bills on banking (see the SAFE Banking Act , which has passed the House no less than five times) and overall federal legalization (see the MORE Act as well as its sister Senate legislation, the Cannabis Administration Opportunity Act (“CAOA”)). Age limits (21). Federal Alcohol Administration Act control.

DEA 98

DEA Business Banking Food 98

Cannabis Law Report

FEBRUARY 3, 2022

HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses. House Joint Resolution 205 – State Banking. Senate Bill 1587 – Separate Hemp Lien Bill.

Banking 52

Banking Legislation Hemp Programs 52