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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. The organizations current motto is Preventing the Next Big Tobacco.”
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.
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.
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.
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.
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. Coordinating product-safety standards across state jurisdictions.
The 2021-2022 State Budget Bill consolidated the three cannabis agencies – the Bureau of Cannabis Control, CalCannabis, and Manufactured Cannabis Safety Branch – into the DCC to try and streamline application processes. Cannabis banking was originally included in the federal defense spending bill but stripped from it at the last moment.
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.
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.
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.
Integrated Pest Management Programs: Tips that Will Save You’re A$$. The Importance of Food Safety in the Cannabis Industry. Business / Legal / Finance Seminars: Cannabis Business and Banking Solutions. View original article. Elevating the Science of Soil Crafting: Using Biochar to Increase Your Soil Microbe Population.
After an hour of debate, the House also adopted two amendments aimed at assuaging Republican concerns about impaired driving and workplace safety. Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Chuck Schumer (D-NY), and Rep.
There’s no doubt that the amount of information that is available about cannabis is at an all-time high – in 2020 alone, over 3,500 scientific articles were published on the topic. In places where cannabis is still illegal, banking is not guaranteed for anyone that wants to touch the plant. What is the entourage effect?
With the states, the feds, and the locals all making up their own rules for hemp and cannabis operations and prohibitions, the illicit market continued to thrive – creating financial hardships for licensed operators and a safety crisis for consumers. Stay tuned for next month’s article on our full forecast for 2020.
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.
First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. View original article. UFCW’s Push to Unionize Cannabis Workers.
Regulators in many states mandated business-friendly safety measures such as curbside pickup and home delivery. For all the positive change with consumers and revenue-starved state officials, serious obstacles remain – lack of banking access, federal prohibition and medical-establishment skepticism, among others. View original article.
Dasheeda Dawson, Cannabis Program Manager for the City of Portland and Chair of Cannabis Regulators of Color Coalition (CRCC), said it’s fair to expect the Senate legalization package to go even further than the MORE Act when it comes to restorative justice, given the history of the Senators involved. The Hemp Access and Consumer Safety Act.
Dasheeda Dawson, Cannabis Program Manager for the City of Portland and Chair of Cannabis Regulators of Color Coalition (CRCC), said it’s fair to expect the Senate legalization package to go even further than the MORE Act when it comes to restorative justice, given the history of the Senators involved. The Hemp Access and Consumer Safety Act.
We rarely see informed and investigative articles either from the Florida press or law firms so we’re very pleased indeed to have Heather onboard to guide us through the complexities of what’s happening in the state. Coming Soon Article: Lighting Up Florida’s Medical Marijuana PEOPLE: The Medics. . Antoinette Duncan.
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.
.” In spite of marijuana’s federal illegality, our Florida state medical marijuana program seeds are quite possibly on the verge of fully blossoming. As promised, the state updates to Florida’s medical marijuana program are not identical after a waiting period of any length. Almut Winterstein, Ph.D.,
Notably, restorative justice measures in the bill include the expungement of non-violent federal cannabis offense convictions, as well as restorative justice and opportunity trust funds reserved for certain reinvestment programs. We applaud the introduction of legislation that would federally decriminalize cannabis. Co-founder of Cresco Labs.
Notably, restorative justice measures in the bill include the expungement of non-violent federal cannabis offense convictions, as well as restorative justice and opportunity trust funds reserved for certain reinvestment programs. We applaud the introduction of legislation that would federally decriminalize cannabis. Co-founder of Cresco Labs.
Notably, restorative justice measures in the bill include the expungement of non-violent federal cannabis offense convictions, as well as restorative justice and opportunity trust funds reserved for certain reinvestment programs. We applaud the introduction of legislation that would federally decriminalize cannabis. Co-founder of Cresco Labs.
House Committee to Vote on Cannabis Banking Bill Next Week. Gina Raimondo’s plan to tax and regulate recreational marijuana, telling lawmakers the bill addresses some law enforcement concerns about public safety. “This policy will stifle the illicit market,” Manni said.
This is a great idea, talk to our bank. So that’s when the phone calls to the lawyers began and then vetting different banks and finding out how everybody else was doing it in industry. But ultimately, we became affiliated with the safe harbor banking network. And he was like, that sounds like a great idea. Haley Hayes: Yeah.
First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. View original article. UFCW’s Push to Unionize Cannabis Workers.
First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. View original article. UFCW’s Push to Unionize Cannabis Workers.
First organized by meat cutters and butchers in 1937, the Local 328 now represents workers in myriad industries, including retail food, institutional food, health care, banking, transportation, manufacturing, barbers, cosmetologists and now cannabis. View original article. UFCW’s Push to Unionize Cannabis Workers.
Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.
in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5
Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.
Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.
in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5
in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5
There are no payment systems, there’s no banking and cannabis. And in my belief, it should be cannabis, because of the safety profile, number one. But what happens to the medical programs and access and probably in ways that I don’t even know what to ask? But in a lot of states, they kind of combine the two programs.
While some states had authorized industrial hemp pilot programs for research through the 2014 Farm Bill, hemp growers were subject to strict regulations and were not offered federal support such as crop insurance. This continues to create challenges for marijuana businesses, including access to the payment and banking systems.
Ed Perlmutter (D-CO) reintroduced the SAFE Banking Act—this time with more than 100 bipartisan cosponsors. It’s yet another opportunity for his House colleagues to approve the banking reform bill, and the 2021 outlook is slightly brighter with a thin Democratic edge in the U.S. Perlmutter (D-CO) in the U.S.
Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.
Cannabis banking reform deposited another decisive victory in the U.S. In the last Congress, the lower chamber overwhelmingly passed a standalone version of SAFE Banking in 2019, and then House members passed the measure two more times as part of federal coronavirus relief bills in 2020. Ed Perlmutter, D-Colo., Billion in U.S.
in 2020, there were 515 banks and 169 credit unions providing services to cannabis-related businesses at the end of last year, according to Financial Crimes Enforcement Network’s (FinCEN) quarterly cannabis banking update. But those banks are not the “national associations” of the world. Helping motor more than $17.5
Legal weed businesses would be able to open bank accounts, access loans, or list on the US stock market. Several grant programs would also be established to help provide job training, reentry services, and other benefits for individuals most harmed by the War on Drugs. View original article.
Public safety at issue. Proponents of these THC caps—who are often the same politicians who stood against legalization and lost—contend that limiting THC levels will increase public safety. Many will be priced out of what patients already complain is a too expensive medical marijuana program, instead seeking out the black market.”.
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