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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.”
The Senate Committee on Banking, Housing, and Urban Affairs yesterday hosted a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.” As expected, the Secure And Fair Enforcement Banking Act (“SAFE Banking Act”) was a main focus of attention.
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.
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.
The US House just reintroduced the Secure and Fair Enforcement ( SAFE ) Banking Act, an act that if passed, would help the cannabis industry have access to financial services. Because cannabis is still federally illegal, cannabis businesses have difficulty accessing banking , credit card processing, and business deductions for taxes.
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.
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.
An excellent article by Angela Bilbow for Commercial Dispute Resolution (CDR) draws attention to the potential pitfalls of the fiscal elements of the investment and ongoing legitimization process around the cannabis industry. federal and the UK’s national banking systems. This is a public safety hazard. Martin Kenney.
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.
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. His corporate practice focuses primarily in the areas of mergers and acquisitions, corporate finance, capital raising (debt and equity), and bank regulatory compliance.
In this article, we will explore the potential of medical cannabis as a treatment option for individuals diagnosed with PTSD, examining its scientific basis, clinical evidence, controversies, and future implications. Need more information about medical marijuana as a treatment? Check it out today for additional information!
The article adds. State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. State licenses health and safety testing labs. Says the Press Herald. Maine is planning to have its first recreational marijuana shops open in June, three months later than expected.
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.
This change shouldn’t affect most hemp farmers who have no interest in cultivating psychoactive plants; however, it does remove a safety net. First, farmers who purchase seeds must do so from reputable seed banks who have a proven record of producing plants that are under the 0.3% What does this mean for hemp farmers? THC threshold.
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.
Facilitating access to banking and other traditional financial services. Coordinating product-safety standards across state jurisdictions.
View original article. Seeking removal of federal obstacles to cannabis research. Standardized laboratory testing industrywide.
All of these companies, the seeds banks, cultivators, manufacturers, grow shops, distributors, and online vendors operate in a grey market that permits them to sell their products as long as they follow some rules. In August 2018, reports of shops being raided and CBD product confiscated began to circulate on Twitter.
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.
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. Progress is being made at the federal level as well.
The Importance of Food Safety in the Cannabis Industry. Business / Legal / Finance Seminars: Cannabis Business and Banking Solutions. Attendees will have the opportunity to learn from cannabis professionals from companies like Prospiant, Agrify, Perry Johnson Registrars Food Safety, Inc., View original article.
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?
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.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.
Life after SAFE Banking – Unlocking Payments, Lending, and Other Financial Services for Your Cannabis Business. It’s Complicated: Workplace Safety in Cannabis. View original article. Financing Your Cannabis Business. Cannabis License Opportunities in Illinois, New York, Ohio, and Michigan in 2021. The Pot Brothers at Law.
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 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.
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 Secure and Fair Enforcement in (SAFE) Banking Act. The SAFE Banking Act is a more incremental reform step that would allow cannabis businesses access to the same kind of banking products available for other businesses, including credit and insurance. The Hemp Access and Consumer Safety Act. View original article.
The Secure and Fair Enforcement in (SAFE) Banking Act. The SAFE Banking Act is a more incremental reform step that would allow cannabis businesses access to the same kind of banking products available for other businesses, including credit and insurance. The Hemp Access and Consumer Safety Act. View original article.
Article by Patrick J. Cummins : Because cannabis is still illegal at the federal level in the United States, many cannabis companies cannot open bank accounts and are looking to Canadian Banks to open bank accounts and to the Canadian public markets to raise capital to expand operations, introduce product lines and make acquisitions.
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.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. It’s more bang for your energy buck. That was big for us.”.
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. View original article. Cormark Securities Inc. acted as financial advisor to 48North.
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.
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. View original article. Cormark Securities Inc. acted as financial advisor to 48North.
Similarly, despite its relaxed regulation of marijuana, Colorado lawmakers recently banned Delta-8 citing safety concerns. 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…. Elizabeth R. Lizzie received her J.D.
The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Cannabis worker safety and apprenticeships must be a top priority and any federal legislation needs to dedicate funding to further research for these priorities. Co-founder of Cresco Labs.
The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Cannabis worker safety and apprenticeships must be a top priority and any federal legislation needs to dedicate funding to further research for these priorities. Co-founder of Cresco Labs.
The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Cannabis worker safety and apprenticeships must be a top priority and any federal legislation needs to dedicate funding to further research for these priorities. Co-founder of Cresco Labs.
It also found that decades of cannabis prohibition have failed to achieve public health and safety goals and have led to unjust arrests and convictions, particularly in communities of color. View original article. In 2019, Governor Cuomo signed legislation to decriminalize the penalties for unlawful possession of cannabis.
It also found that decades of cannabis prohibition have failed to achieve public health and safety goals and have led to unjust arrests and convictions, particularly in communities of color. View original article. In 2019, Governor Cuomo signed legislation to decriminalize the penalties for unlawful possession of cannabis.
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