SpeedWeed

JULY 23, 2021

Most of us buy stuff digitally today, whether we are paying by card, banking app, or mobile payments app. . Most banks will not do business with cannabis merchants, either. Fortunately, you can now sign up for KindPay by KIND Financial and Herring Bank. KindPay works through its partnership with Herring Bank.

Banking 52

Banking Compliance Compliance Retail 52

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

SpeedWeed

FEBRUARY 23, 2021

State representatives gave nearly unanimous support Monday to allowing South Dakota-chartered banks to conduct transactions with businesses that have state licenses for marijuana and industrial hemp. Banks would need to conduct higher scrutiny of marijuana businesses under a federal policy. View original article.

Banking 52

Banking Business Hemp Marijuana 52

SpeedWeed

FEBRUARY 24, 2021

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. . View original article. However, it could also have the opposite effect.

Banking 52

Banking Business Legislation History 52

Cannabis Law Report

AUGUST 10, 2021

Such a development would, of course, be huge– with IRC 280E no longer an issue; cannabis companies would have the unfettered ability to secure banking outside of the 2014 FinCEN Guidelines , which means no more all-cash transactions; they would have the ability to raise institutional capital without the threat of criminal liability; etc etc.

Banking 105

Banking Compliance Compliance Retail 105

Cannabis Law Report

JULY 31, 2019

With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture. Senate Committee Holds Hearing on Cannabis Banking. The hearing examined concerns raised by the cannabis industry because of the lack of access to banking infrastructure on the federal level.

Banking 40

Banking Research and Development Safety Legislation 40

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Compliance Compliance Business 52

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. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

JULY 2, 2019

Article by Ann L. The world of marijuana banking has been rife with compliance risks for years. The risks and significant compliance burden of serving a business that is still federally illegal has led to a smaller number of institutions choosing to serve these customers. Bank Secrecy Act Compliance.

Banking 40

Banking Hemp Marijuana Compliance 40

WeedAdvisor

AUGUST 16, 2019

banks are skittish about dealing with the marijuana industry. banks are concerned about federal prosecution, banks in Uruguay fear international sanctions – something arguably much worse. Also, much like in the U.S., But while U.S. Still, businesses found ways to make the best of the situation.

Marijuana 85

Marijuana Banking Decriminalization Recreational 85

Cannabis Law Report

APRIL 5, 2019

Is the company in compliance with its own articles of incorporation and bylaws? Questions to ask include: What banking arrangements, if any, does the company have in place? While some disorganization can be accommodated, a company ready for investment or acquisition should have some level of basic corporate housekeeping.

Compliance 51

Compliance Compliance Business Cannabis 51

Medicinal Genomics

NOVEMBER 5, 2019

Another potential headache for farmers is that analytical laboratories must be registered with the DEA in order to perform compliance testing. However, assuming the guidelines do not change, hemp farmers must take steps to make sure their plants will pass compliance testing. and seize all the testing samples. THC threshold.

THC 81

THC Hemp DEA Banking 81

Cannabis Law Report

NOVEMBER 6, 2021

Also, understanding the regulatory and compliance framework in your cannabis clients’ states will go a long way toward mitigating your own risk, she said. Very few financial institutions service accounts associated with cannabis businesses, and certainly federally chartered banks do not. Know the applicable laws.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

JUNE 26, 2022

There also exist certain requirements to demonstrate compliance with the Regulations. To remain in compliance with the Act and its Regulations, IHEs must provide an annual notification to students and employees of certain information related to the Act. On request, IHEs must provide a copy of their biennial report to the U.S.

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

SEPTEMBER 12, 2021

Read full article. 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.

Banking 89

Banking Law Legalization Hemp 89

SpeedWeed

APRIL 3, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Banking 52

Banking Legalization Compliance Compliance 52

Cannabis Law Report

MARCH 13, 2019

The Cannabis and Hemp Advisory practice will provide counsel and support to existing businesses, start-ups, and ancillary service providers within the cannabis industry, especially in the areas of: tax planning; compliance with section 280E of the U.S. Here’s a selection of articles they’ve written already.

Hemp 71

Hemp Business Banking Concentrates 71

Cannabis Law Report

AUGUST 10, 2022

A comprehensive article on the state of play for passage of legislation in the States was recently published in the Politico and is linked here and worth reviewing as well. Some advocates are still pushing to pass the SAFE Banking Act, allowing banks insured by the FDIC to serve cannabis businesses without fear of violating federal law.

Legalization 52

Legalization Banking Legislation Compliance 52

SpeedWeed

AUGUST 10, 2021

The cannabis community relies on Leafly’s strain database (5,000+ strains), cannabis coverage (11,000+ articles), and user reviews (1.3MM+ reviews) to navigate the highly complex and evolving world of cannabis. View original article. Graubard Miller acted as Merida’s legal advisor.

Banking 40

Banking Retail Strains Cannabis 40

Cannabis Law Report

APRIL 5, 2019

This has had a significant impact on marijuana businesses operating in compliance with Maine law across the state. . On Friday, March 28th the House Financial Services Committee voted to advance the Secure And Fair Enforcement (SAFE) Banking Act to the full legislative body for consideration.

Access 45

Access Marijuana Legislation Education 45

Cannabis Law Report

MARCH 20, 2020

MOBILE, DIGITAL BANKING . COMPLIANCE. HIPAA COMPLIANCE. I’ll end with an illuminating article on 10 Jobs in the Legal Marijuana Industry. FINANCIAL SERVICES. ACCOUNTANT , CPA. TAX FRAMEWORKS. ADVERTISING OPPORTUNITIES. LEGAL SERVICES. INTELLECTUAL PROPERTY . TRADEMARK ,, PATENT PROTECTIONS. BRANDING , MARKETING.

Dispensary 64

Dispensary Compliance Compliance Cultivation 64

SpeedWeed

JULY 5, 2021

Green Check Verified is a leading provider of cannabis banking solutions and expert advisory services for financial institutions. Verified transactions get a green check and the money can enter the US banking system. View original article. Your submission has been received! Something went wrong while submitting the form.

Media 52

Media Banking Research and Development Compliance 52

SpeedWeed

MARCH 9, 2021

and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. View original article. While the legal cannabis industry is slowly spreading across the U.S. The insurance broker M.J.

Business 52

Business Banking Programs Access 52

SpeedWeed

APRIL 2, 2021

The SAFE Banking Act is back in Congress, and political momentum is swinging in favor of the cannabis industry’s need to normalize its relations with financial institutions. Here, we spoke with Safe Harbor Services Vice President Amanda McComb about some of the recent trends and changes that she’s seen in banking the cannabis industry.

Education 40

Education Banking Hemp Compliance 40

Cannabis Law Report

AUGUST 8, 2019

investment community as to the boundaries of legal risk and compliance. to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. There is very little guidance for U.K. businesses with regards to cannabis-related activity and significant discrepancy in opinion within the U.K. In the U.S.,

Legalization 40

Legalization Banking Compliance Compliance 40

Cannabis Law Report

FEBRUARY 14, 2019

The new House of Representatives has announced its first cannabis-related hearing, “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses,” which will take place on February 13 before a sub-committee of the House Financial Services Committee. According to lawmakers close to the committee’s process, Rep.

Banking 40

Banking Compliance Compliance Access 40

Cannabis Law Report

AUGUST 6, 2019

Steve represents entities, governments and individuals in choosing a structure, preparing and submitting license application, regulation, compliance and litigation, and drafting legislation. This article has been prepared for informational and general guidance purposes only; it does not constitute legal or professional advice.

THC 61

THC Hemp Seed-To-Sale Collective 61

Cannabis Law Report

JANUARY 7, 2022

While COVID fast-tracked certain aspects of the PA cannabis industry, major hurdles, like access to proper banking services, still plague operators in the space. Banks justify these fees as a cost of compliance and due diligence, such as filing suspicious activity reports and processing cash-heavy deposits and withdrawals.

Programs 52

Programs Marijuana Dispensary Banking 52

SpeedWeed

JULY 6, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Kevin Hart, CEO and Founder of Green Check Verified , a leading provider of cannabis banking solutions and expert advisory services for financial institutions. Press the Play button below to listen to the podcast. ? Kevin Hart: It serves me well once in a while.

Banking 52

Banking Seed-To-Sale Supply Chain Compliance 52

Cannabis Law Report

APRIL 23, 2019

Prior to getting involved in Tax Law, Dionne was a litigator for several years, representing Lenders, Banks and Servicers in Foreclosure actions. Setting up routes and ensuring compliance with both the Department of Transportation and state medical or adult-use marijuana laws is difficult.

Banking 45

Banking Marijuana Law Business 45

SpeedWeed

JULY 7, 2021

Business / Legal / Finance Seminars: Cannabis Business and Banking Solutions. Reducing Labor Cost and Product Waste Utilizing RFID-based Compliance Solutions. View original article. Overview of the Need for Security at Cannabis Facilities. Sustainable Social Equity: People and Planet. Michigan Cannabis Real Estate.

Media 52

Media Packaging Food Safety 52

Cannabis Law Report

SEPTEMBER 5, 2019

We have spent the past couple of articles reviewing the differences between “bookkeepers”, “generic accountants”, and “professional accountants”, the final phrase being limited to certified public accountants [‘CPAs” in the United States [1]. If you wish to re-publish this story please do so with following accreditation.

Business 11

Business Cannabis Extraction Dispensary 11

SpeedWeed

SEPTEMBER 2, 2021

Shareholders whose 48North Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the consideration. More specifically, to the knowledge of HEXO’s management, HEXO is in compliance with applicable laws in the jurisdictions in which it operates.

Medicine 59

Medicine Compliance Compliance Conditions 59

Cannabis Law Report

DECEMBER 23, 2019

It has been two years since California began licensing yet operators still struggle with compliance and are all still de facto, breaking one law or another. December 2019 – Federal banking regulators take steps to allow for financial services for hemp related businesses. . Posted by Alexa Steinberg, Esq. | Dec 20, 2019

Law 59

Law Banking Hemp Retail 59

SpeedWeed

MAY 14, 2021

The 14-page legislation isn’t as long-winded but puts the removal of cannabis as a controlled substance, banking protection, reform for veterans and mandated NIH studies at the forefront. View original article. Jerrold Nadler, D-N.Y., In the meantime, Joyce and Young introduced their bill Wednesday.

Decriminalization 52

Decriminalization Legislation Banking Policy 52

SpeedWeed

MAY 13, 2021

The 14-page legislation isn’t as long-winded but puts the removal of cannabis as a controlled substance, banking protection, reform for veterans and mandated NIH studies at the forefront. View original article. Jerrold Nadler, D-N.Y., In the meantime, Joyce and Young introduced their bill Wednesday.

Legislation 52

Legislation Banking Policy Advocacy 52

Cannabis Law Report

JUNE 11, 2019

Article by Consumer Markets Perspectives , Paul A. In Canada, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) applies to a prescribed set of entities, including among others, banks, credit unions, life insurance companies, securities dealers and money services businesses. June 10 2019. In the U.S.,

Compliance 40

Compliance Compliance Business Policy 40