This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Here’s the introduction to a piece written by Jessica Caballero, CRCM, CERP for the ABA Banking Journal Industrial hemp is… Read More. The post Article: Initiating a Hemp BankingProgram first appeared on Cannabis Law Report.
Interestingly enough, the New York Times released an article in September of 2024, whereby a 1973 audio recording was unearthed of Nixon declaring he knew cannabis is not particularly dangerous, despite affecting millions of lives and families due to his policies ever since.
Connecticut has voted a legalization bill out of a House committee; a bi-partisan group of Alabama legislators is sponsoring a medical cannabis bill and North Dakota is making progress on expanding its quite restrictive medical marijuana program. And in West Virginia , the governor has signed a medical marijuana banking bill.
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.
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.
Cannabis and Banking. banks and credit unions are reluctant to work with cannabis businesses because of concerns surrounding the federal illegality of cannabis. often scares away financial institutions, forcing the cannabis industry to either be sneaky about how they do their banking or deal mostly in dangerous amounts of cash. .
Eleven states have allowed for legal adult and medicinal use of cannabis in a regulated program. Twenty-three states have a comprehensive medical marijuana program. With this federal classification, the cannabis industry is isolated from banking and, in many cases, reduced to a cash-only venture.
Jushi also expects to bring additional Sèche flower product lines, along with its award-winning flower brand, The Bank, to Ohio medical cannabis patients in the first quarter of 2022. ” View original article. The post Alabama’s Medical Cannabis Program Could Be Delayed appeared first on SpeedWeed.
Here’s the introduction to their piece………… Saint Vincent and the Grenadines has started its long-awaited cannabis cultivation amnesty program, a major move to pivot cultivators of illicit cannabis into the legal industry. Read the full article at [link].
The Toronto-Dominion Bank. Drilling down into the cannabis trademark landscape in 2018 uncovered a heavy focus on goods in Classes 34 (smokers’ articles) and 5 (medicines/pharmaceuticals), as well as Nice classes relating to food and drink products. Smokers’ articles. Smokers’ articles. Brandster Branding Ltd.
In 2016, Pennsylvania adopted Act 16, becoming one of 38 states that have medical marijuana programs in the United States. 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. January 6, 2022. Author Jay Majitov.
Social equity programs are a relatively new phenomenon in the U.S. That makes it worthwhile for industry insiders and activists to examine how some of the programs have done – particularly as more states, and perhaps Congress, consider legalizing marijuana and incorporating social equity in some form. The Oakland and L.A.
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.
The Washington Times reports………Nevada officials are launching the nation’s first banking system for the booming cannabis industry, whose dispensaries increasingly are targeted for burglaries and robberies for the hundreds of thousands of dollars of cash they keep on hand to pay employees, taxes and rent. Full Article at.
For many, it feels like Alabama’s medical cannabis program has been a work in progress for years. In addition to providing a full suite of legal services to cannabis companies, Whitt and the Cannabis Industry team advise non-cannabis clients – from banks to…. It was a year ago when this all started. Elizabeth R. She earned a B.A.
In response, some companies have launched their own programs aimed at providing women and people of color with more opportunities to succeed in the space. These efforts range from mentorship programs spanning many months to multimillion-dollar funds that support nonprofits and community organizations. Mentorship Programs.
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. Reports Insurance Journal. They write.
Bush’s national drug control strategy, Congress passed legislation to require schools, colleges and universities to implement and enforce drug and alcohol prevention programs and policies as a condition of eligibility to receive federal funds and assistance. 4 In response to President George H.W. Certification Requirements.
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). On to July, when the Senate Banking Committee had a hearing on cannabanking. The Senate failed to take action on the banking bill.
Times of CBD reports…… Senator Michael Bennet (D-CO), who is presently working to secure the Democratic nomination for president, issued a letter to the financial authorities, requesting information on banking services for hemp businesses. Full Story At: [link].
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. View the entire article here. Another bill introduced by Rep. John Bel Edwards (D).
Tearing down those walls would open up new business opportunities and unlock more traditional banking tools for an industry that has long been forced to primarily use cash. The tightly controlled and expensive medical marijuana programs in Florida and Pennsylvania could be forced to compete with cheaper out-of-state products.
That is why these businesses continue to face undue discrimination under federal law, including the lack of access to banking services and a prohibition of standard business tax deductions. FEDERAL DOLLARS ARE GOING TO SUPPORT STATE PROGRAMS — NOT TO DICTATE HOW THEY MUST USE THE MONEY.
Currently, there are bills pending in 20 states to allow adult recreational use, 10 states to decriminalize simple possession, and 12 states with bills to create comprehensive medical cannabis programs, with some overlap among these three categories.
Traditional methods weren’t available, like getting a loan from the bank, because the industry was still federally illegal.”. View original article. The post Minnesota Senate Considers Modernizing Medical Cannabis Program; House Pushes for Full Legalization appeared first on SpeedWeed. Courtesy of Curaleaf Gordon .
Here’s what the Wirecutter article had to say about AirVape X: “ Satisfying to use, intuitive to newcomers, and easier to live with than competitors, the AirVape X provides richer, smoother vapor than anything else in its price range. The AirVape X indeed marked the spot and took its rightful place between the giants of the industry.
The Democrat’s proposed spending plan, released Thursday, projects the state will bank $355 million in marijuana excise taxes by the end of June. Newsom also recommended a sharp increase in spending for regulatory programs, although it’s an open question whether it will be enough to help steady the state pot economy.
Both sides of the aisle support cannabis reform, with multiple federal bills seeking to address everything from banking to social justice. Cannabis banking was originally included in the federal defense spending bill but stripped from it at the last moment. Federal Cannabis Reform (or not). Emergency Regulations.
Attorney General Jeff Sessions, the Cole Memo provided protections from federal enforcement for state-legal cannabis programs or providing those protections through other means. Facilitating access to banking and other traditional financial services. Supporting policies and programs that promote social equity in the industry.
This article is going to give you all the information you need on how to get a med card in the state of Illinois! . If you are a veteran or enrolled in SSDI or SSI program, the application is reduced to $50 for one year, $100 for two years and $125 for three years. . By: Alexia Mersola. This fee is non-refundable.
– Thirty-seven states allow for medical cannabis use through state run programs. 1] The most recent state to pass legislation is Rhode Island, which authorized an adult use program. 1] The most recent state to pass legislation is Rhode Island, which authorized an adult use program.
These types of requirements are not uncommon for certain types of businesses like banks and insurance companies, where their business models are dependent in part on the firm having enough liquid assets in order to cover withdrawals and claims.
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.
Charlotte Warren, D-Hallowell, would overturn a prohibition on cooperatives in the medical cannabis industry that was established to prevent racketeering and cartels within the medical program. View original article. The language of the proposed bill was not available Monday. Read more at Portland Press Herald ].
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. The American Association of Insurance Services (AAIS CannaBOP program is the first of its kind to serve the industry in this way. . “As
It’s been four years since West Virginia legalized medical cannabis, and until now, they have not had an actual program in place for patients to get relief. Now, eligible patients can finally register and officially become a part of the program. View original article.
Specifically, LD 1402 would allow state-chartered credit unions to obtain private deposit insurance, which would in turn make it possible for state credit unions to provide financial services to dispensaries and caregivers that have been registered under Maine’s medical marijuana program. Progress is being made at the federal level as well.
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. Authored By: By Dr. Ayoka Nurse. References.
Cuomo today announced 30-day amendments to the Governor’s proposal to establish a comprehensive adult-use cannabis program in New York. The grants from this program may also be used to further support the social and economic equity program. View original article. ALBANY, New York, Feb. The post New York Gov.
Cuomo’s administration projects that legalization could generate 30,000 to 60,000 jobs across New York and that tax collection from the program could reach $350 million annually, the release states. View original article. ” Lawmakers could vote on the legislation as early as Tuesday.
This article is the fifth in a series called, “So you want to start a canna biz?” This article focuses on getting money to start your cannabis business. We’ll continue to focus on how new or existing cannabis businesses should think about raising debt or equity or both, and return to profitable businesses at the end of this article.
This new plan, known as the “Comprehensive Cannabis Legalization and Regulation Act of 2021,” would establish a social equity program, and would make sure that at least half of all those with licensed businesses are equity applicants. In addition, the proposal recognizes how important education is to a well-rounded cannabis program.
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. And with new states launching cannabis programs, Green Check Verified is well-positioned for growth in the future. .
This simple legislation would prohibit members of this federal financial assistance program from using their TANF card at any store that sells marijuana in any form. View original article. Tom Rice (R-SC) and Jackie Walorski (R-IN), seeks to amend the rules for recipients of Temporary Assistance for Needy Families (TANF) funding.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content