The Blunt Truth

JUNE 16, 2023

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we see how the SAFE Banking Act is faring in the Senate. We give a shout-out to two members of our cannabis group with an article on medical cannabis and workers’ compensation.

Banking 98

Banking Marijuana Legalization Business 98

Cannabis Law Report

JULY 26, 2019

The Senate Committee on Banking, Housing, and Urban Affairs yesterday hosted a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.” This long-awaited congressional hearing focused on the challenges state-legal cannabis companies face in utilizing traditional financial services during federal prohibition.

Banking 45

Banking Environment Compliance Compliance 45

The Blunt Truth

MARCH 28, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. No news is big news this week, as New Jersey failed to pass legislation legalizing recreational marijuana. It’s not just in New Jersey that setbacks to legalization happened this week. See you next week!

Banking 87

Banking Recreational Legislation Retail 87

Cannabis Law Report

JULY 22, 2019

But because this is cannabis, bank loans are not an option. They don’t have bank loans—they have several hundred million dollars in investment capital to burn. They don’t have bank loans—they have several hundred million dollars in investment capital to burn. Read the full article at [link].

Banking 40

Banking Tincture Legalization Collective 40

Cannabis Law Report

DECEMBER 3, 2019

The number of banks in the United States willing to lend to hemp producers can be counted on one hand. Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from the hemp business. Read full article [link]. That is about to change.

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Banking Hemp Business Legalization 53

Veriheal

FEBRUARY 15, 2022

As well as understanding that the war on drugs was a massive waste of time, Mace understands that the people want legalization and won’t stand down until their representatives hear them loud and clear. She was quoted as saying the following regarding cannabis in a recent article by Forbes : “It’s American, it’s uniting.

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Legalization Legislation Cannabis Retail 98

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. And this is particularly concerning for the legal cannabis market that’s expanding to $12 billion in sales this year, with projections to reach $30 billion in four years.

Banking 45

Banking Supply Chain Seed-To-Sale Data 45

Cannabis Law Report

NOVEMBER 16, 2019

In 2017, 2018 and 2019 he was chosen as a global elite “Thought Leader” by Who’s Who Legal and also selected as the number one offshore asset recovery lawyer worldwide over the same period. federal and the UK’s national banking systems. Martin Kenney. November 15, 2019. After several states in the U.S. After several states in the U.S.

Banking 45

Banking Legalization Research and Development Cannabis 45

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. . Pros and Cons. However, it could also have the opposite effect.

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Banking Business Legislation History 52

Cannabis Law Report

JUNE 5, 2019

House Democrats have introduced bipartisan legislation to address the conflict between states that have legalized cannabis within their borders for medical and/or personal use, and federal law, under which cannabis remains a Schedule I controlled substance. The Secure and Fair Enforcement (SAFE) Banking Act of 2019 , H.R.

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Banking Compliance Compliance State Laws 40

SpeedWeed

JULY 23, 2021

Most of us buy stuff digitally today, whether we are paying by card, banking app, or mobile payments app. . Most popular payment apps will not deal with legal, licensed cannabis businesses. Most banks will not do business with cannabis merchants, either. Why Is It Such a Pain to Buy Legal Pot Digitally?

Banking 52

Banking Compliance Compliance Retail 52

Cannabis Law Report

OCTOBER 26, 2019

Article by Joseph J. The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. Pangaro , Justin M. Stern , David E.

Banking 45

Banking Safety Business History 45

The Blunt Truth

APRIL 18, 2019

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. ” Although former Vermont governor, Howard Dean, had previously opposed legalizing cannabis, he’s now a fan. And finally, we have two articles on the “lighter” side of the marijuana news.

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Banking Cultivation Business Legalization 83

SpeedWeed

MARCH 18, 2021

Cannabis and Banking. banks and credit unions are reluctant to work with cannabis businesses because of concerns surrounding the federal illegality of cannabis. The gray area of cannabis being legal in certain states, but not the U.S., The gray area of cannabis being legal in certain states, but not the U.S.,

Banking 52

Banking Compliance Compliance Access 52

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

Cannabis Law Report

JULY 12, 2019

The California legislature is currently considering a first-of-its kind urgency bill, SB 51, the “Cannabis Limited Charter Banking and Credit Union Law.” The law would empower privately insured charter banks and credit unions to be licensed as “cannabis depository institutions”, or “CDIs”, to bank California cannabis money.

Banking 40

Banking Business Cannabis Legislation 40

WeedAdvisor

FEBRUARY 20, 2019

Banks Pushing for Access to Legal Marijuana Industry. In yet another unprecedented leap forward, United States banks are asking Congress to protect them from federal prosecution over dealing with legal marijuana businesses, according to U.S. This creates a problem for banks. do not have.

Banking 40

Banking Access Legalization Marijuana 40

Cannabis Law Report

JULY 31, 2019

Polls show that about 65 percent of Americans support legalization of marijuana and 93 percent of Americans support medical marijuana. territories allow for some form of legal cannabis. territories have legal framework that allow for either medical or adult-use cannabis. Senate Committee Holds Hearing on Cannabis Banking.

Banking 40

Banking Research and Development Safety Legislation 40

Cannabis Law Report

JULY 22, 2019

On Tuesday July 23, the Senate Committee on Banking, Housing, and Urban Affairs will discuss the growing need to provide banking services to cannabis businesses. Credit Union National Association President and CEO Jim Nussle illustrated this point by stating, “[a]t its heart, cannabis banking is a public safety issue.

Banking 40

Banking Safety Business Cannabis 40

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

Cannabis Law Report

JULY 7, 2021

The shifting legal and regulatory framework has had an impact on businesses’ trademark strategies in both countries, with brand owners having to act quickly and think ahead to ensure that their rights are protected. The Toronto-Dominion Bank. Smokers’ articles. Smokers’ articles. Brandster Branding Ltd.

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Oil Agriculture Cannabis Food 71

Cannabis Law Report

SEPTEMBER 12, 2021

NCUA’s Rodney Hood said at the PBC Conference that he’s “concerned that the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough,” and congressional inaction is largely to blame. He also said that he feels legalization at the federal level is an inevitability. Read full article.

Banking 89

Banking Law Legalization Hemp 89

Cannabis Law Report

AUGUST 8, 2019

There’s very little information about insurance, legal issues and the regulated cannabis and hemp markets so we’re pleased to see this piece in the Insurance journal. Bob Menendez, D-NJ, promises to do for insurance what the SAFE Act would do for banking. ” The article reveals. Nydia Velázquez, D-N.Y.,

Law 59

Law Banking Policy Marijuana 59

The Blunt Truth

JUNE 4, 2020

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. The other ensures the state will not prohibit or discourage banks and credit unions from providing financial services to legitimate cannabis businesses. Meanwhile, PetSmart faces a lawsuit over pet CBD. united nations.

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Pets Banking CBD Oil 97

Cannabis Law Report

SEPTEMBER 26, 2021

Cannabis entrepreneurs spent decades longing for Washington’s blessing — but now a vocal corner of the industry is afraid federal marijuana legalization poses an existential threat. In general for social equity, I think it would be a disaster at this point for federal legalization to occur.”. Here’s the introduction to the piece.

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Legalization Decriminalization Banking Policy 52

Cannabis Law Report

JULY 6, 2022

Dafna Revah, co-founder and co-owner of cannabis dispensary CBD Kratom, had a lot of explaining to do when her bank referred her to a record keeper willing to provide her company with a 401(k) plan. ” None, she repeatedly explained, had Delta-9 THC, the cannabinoid that is illegal under federal law. ” Ms.

Legalization 52

Legalization Tincture Banking Extraction 52

Cannabis Law Report

AUGUST 10, 2021

If the Act passes, we will finally have federal legalization and the consequences of the current federal conflict will end, or, at least be reversed in the minority of states that continue to outlaw the plant locally. Read the full article at CBE.

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Banking Compliance Compliance Retail 105

Canna Law Blog

JANUARY 11, 2020

Hemp is legal. The international market is taking form and access to banking services is expanding. percent demarcation to have legal significance. This was done despite a 2016 article Small published with a colleague in the journal Agronomy in which described 0.3% Public support is increasing. Small never intended his 0.3

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THC Hemp Supply Chain Concentrates 125

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

MARCH 17, 2020

As of February 2020, cannabis is legal for adults over the age of 21 in eleven states and Washington D.C. As of February 1, 2020, cannabis is legal for recreational and medical use by adults over the age of 21 in 11 states and Washington D.C., and is legal for medical use in 33 states. Clyde & Co.

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Legislation Legalization Banking Decriminalization 45

Cannabis Law Report

MAY 20, 2019

And even small gains in representation, he believes, can trigger a sort of “multiplier effect, where when a business is run by people of color, they tend to hire other people of color, and they tend to bank or do business with other people of color.”. Read the full article at [link].

Banking 9

Banking Policy Education Business 9

Illinois News Joint

JANUARY 22, 2023

As part of our weekly discussion with ChatGPT: Optimizing Language Models for Dialogue , we asked why are legal cannabis prices in Illinois so damn high. Additionally, the high taxes and lack of access to banking services for cannabis businesses also contribute to the high cost of cannabis products in the state.

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Cultivation Banking Access Dispensary 98

Cannabis Law Report

DECEMBER 26, 2019

The riders would have prevented the federal government from interfering with legal cannabis companies and eased their access to U.S. banking services, among other things the industry has said it needs to function properly. banks that service those businesses from federal regulators, according to reporting by Marijuana Moment.

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Banking Packaging Access Business 71

Cannabis Law Report

JUNE 30, 2021

Their article argues that the judgement is in fact about federalism. Calling the broader situation a “contradictory and unstable state of affairs,” Thomas wrote that the current legal landscape “strains basic principles of federalism and conceals traps for the unwary.” Read the full article at. MSNBC write.

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Banking Strains Law State Laws 78

WeedAdvisor

AUGUST 16, 2019

Although Uruguay will always hold the title for being the first country in the world to legalize recreational marijuana, the Green Wave is hitting the continent in one large swoop. However, the provinces of Santa Fe and Chubut legalized medical marijuana in 2016. banks are skittish about dealing with the marijuana industry.

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Marijuana Banking Decriminalization Recreational 85

Cannabis Law Report

JULY 19, 2022

Long lines formed when marijuana sales at pharmacies began on July 19, 2017, three-and-a-half years after Uruguay became the first country in the modern era to legalize cannabis. The scientific research has shown that cannabis legalization and regulation have not increased consumption.

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Legalization Consumption Banking Research and Development 52

Cannabis Law Report

JANUARY 30, 2020

will deal with the legal cannabis market. Perhaps the biggest challenge to getting cannabis businesses more access to insurance is that marijuana continues to be treated by the federal government as a Schedule 1 drug, making it difficult for these businesses to access essential services, such as banking, Lara said. They write.

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Banking Access Cannabis Business 58