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.

Banking 78

Banking Strains Law State Laws 78

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. His corporate practice focuses primarily in the areas of mergers and acquisitions, corporate finance, capital raising (debt and equity), and bank regulatory compliance.

Banking 40

Banking Law Compliance Compliance 40

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

OCTOBER 3, 2019

Colorado’s top federal prosecutor says that he would never tell banks working with legal marijuana businesses in the state that they are devoid of criminal liability. . “As As federal prosecutors,” Jason Dunn told The Colorado Sun on Tuesday, “we will never tell them that what they are doing is lawful under federal law.

Banking 40

Banking Retail State Laws Business 40

Cannabis Law Report

NOVEMBER 6, 2021

. “Make sure your engagement letters are appropriately written to clearly describe your scope of services and include provisions requiring your client to affirm it is operating legally under applicable state laws,” she said. Because of that, there is a lot of cash flowing through the industry, Velazquez said.

Banking 52

Banking THC Hemp Cannabis 52

Cannabis Law Report

JUNE 26, 2022

Colleges offering these programs would also be required to comply with any state laws regulating the use of hemp. Other institutions, such as Lake Superior State University in Michigan, offer undergraduate and associate degrees and certificates in the business of cannabis 15 as well as cannabis chemistry. 1 [link].

Research and Development 52

Research and Development Education Programs Policy 52

Cannabis Law Report

MARCH 26, 2020

In short, federal anti-drug laws continue to define the state-authorized cannabis industry, and those who work in it, as drug felons. 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.

Business 59

Business Legislation Access Policy 59

Cannabis Law Report

MARCH 5, 2020

The article adds. State budget forecasters are banking on a robust kickoff, however, estimating $5 million in sales by the end of the month. Maine pushes the target date for adult-use marijuana sales back by 3 months, and lowers its projected sales tax revenue for the fiscal year that ends June 30. Says the Press Herald.

Dispensary 59

Dispensary Safety Conditions Banking 59

Cannabis Law Report

APRIL 5, 2022

As we have written before many times (see for instance our articles here and here ), as a federal licensee, broadcasters run a real risk in running marijuana advertising even if they operate in a state that has legalized its use. So the outlook is uncertain.

Marijuana 52

Marijuana Banking Legislation Media 52

Cannabis Law Report

JUNE 27, 2019

Article by Kelly K. On June 11, 2019, the House Appropriations Committee passed spending legislation which provides new protection to financial institutions that provide banking services to marijuana businesses. There also is a parallel banking bill currently pending in the Senate that has 30 co-sponsors. June 26 2019.

Legislation 40

Legislation Banking State Laws Business 40

Cannabis Law Report

JUNE 3, 2021

For decades, the marijuana industry has been fighting stigmatizing rhetoric, the war on drugs, the smuggler and back alley feel, varying state laws, continued federal prohibition, lack of access to traditional banking, and on and on. To say that marijuana has fought an uphill battle is an understatement. Source: [link].

Supply Chain 55

Supply Chain Marijuana Packaging THC 55

SpeedWeed

MARCH 1, 2021

For the small business owner, selling a private company to an SPAC can deliver a faster IPO process and increase the selling price point than working with an investment bank. State law protection may also be helpful, depending on your situation. 3 – Take it to the bank. View original article.

Business 52

Business Banking Data Cannabis 52

Cannabis Law Report

JANUARY 13, 2020

So while the actual practice or use of a patented cannabis-related invention may be illegal under federal or some state laws, such illegality should not preclude issuance of a patent, if all of the requirements of patentability are met. a contractual falling out between bank robbers).

Extraction 59

Extraction Collective Supply Chain Strains 59

Cannabis Law Report

APRIL 15, 2022

Ed Perlmutter’s (D-CO) Secure and Fair Enforcement Banking (SAFE) Banking Act , which was most recently passed by the House in 2021. Unlike the MORE Act or CAOA, the SAFE Banking Act does not remove marijuana from CSA’s Schedule I. Chuck Schumer (D-NY), and Rep.

Marijuana 52

Marijuana Banking Research and Development Legislation 52

Cannabis Law Report

APRIL 5, 2019

We suspect this omission was an oversight rather than an intentional exclusion, and Drummond Woodsum will submit testimony advocating for an amendment to the bill that would expand coverage to all marijuana establishments that have been authorized to operate under state law. . Progress is being made at the federal level as well.

Access 45

Access Marijuana Legislation Education 45

Cannabis Law Report

JUNE 1, 2022

POSTED IN ALABAMA , MEDICAL MARIJUANA , STATE LAW DEVELOPMENTS. 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…. By Whitt Steineker & Elizabeth R. Hobbs on June 1, 2022. Elizabeth R. She earned a B.A.

Programs 52

Programs Banking Cultivation Patients 52

Cannabis Law Report

AUGUST 8, 2019

Whilst English law presumes that English criminal statutes do not extend to acts wholly undertaken outside the U.K., to be paid into his Spanish bank account and allowed the fraudsters to withdraw money from that account. subject to the restriction that a significant part of the underlying criminality must have taken place in the U.K.

Legalization 40

Legalization Banking Compliance Compliance 40

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. In August, Leon County Circuit Court Judge Charles Dodson ruled that the State law requiring vertical integration was flawed, and he stopped short of issuing a temporary injunction.

Banking 45

Banking Marijuana Law Business 45

Cannabis Law Report

DECEMBER 23, 2019

The Bureau of Cannabis Control (BCC) sent out 2,842 cease-and-desist letters to cannabis shops and businesses suspected of operating without state licenses. State regulators announced enforcement actions all over the State which then resulted in the first round of charges against operators violating state law.

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. Joyce and Young’s efforts come as Senate Majority Leader Chuck Schumer, D-N.Y., and fellow Sens. Jerrold Nadler, D-N.Y.,

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. Joyce and Young’s efforts come as Senate Majority Leader Chuck Schumer, D-N.Y., and fellow Sens. Jerrold Nadler, D-N.Y.,

Legislation 52

Legislation Banking Policy Advocacy 52

SpeedWeed

MARCH 10, 2021

This article is the first in a series called, “So you want to start a canna biz?” While it may seem like state legalization is a green light for cannabis businesses to open up on every corner, it’s not quite that simple. Some progress has been made with the SAFE Banking Act , however, more work needs to be done.

Business 52

Business Banking Seed-To-Sale Research and Development 52

SpeedWeed

JULY 17, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Legalization 52

Legalization Banking Legislation Cannabis 52

SpeedWeed

JULY 17, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Banking 52

Banking Legislation Cannabis Policy 52

SpeedWeed

JULY 16, 2021

The introduction of legislation that would federally decriminalize cannabis would have implications far beyond banking. Federal decriminalization would also enable manufacturing and then shipping across state lines, which would greatly benefit brands like Wana. Co-founder of Cresco Labs.

Dispensary 52

Dispensary Banking Legislation Cannabis 52

SpeedWeed

JUNE 14, 2021

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. View original article. Introduced in the House by Rep.

Banking 40

Banking Hemp Legislation Packaging 40

SpeedWeed

JUNE 14, 2021

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. View original article. Introduced in the House by Rep.

Legislation 40

Legislation Banking Hemp Packaging 40

Connor & Connor PLLC

AUGUST 30, 2018

However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit. If a bank account exists is all of the cash deposited into the bank account?

Business 49

Business Marijuana Banking Collective 49

Cannabis Law Report

MARCH 17, 2020

As Congress is considering legislation to provide banks with a safe harbor for providing services to those in the cannabis industry, other areas, from financial services to soft drink manufacturers, are actively assessing how the explosion of this new market will impact their products and services.

Compliance 45

Compliance Compliance State Laws Law 45

Cannabis Law Report

AUGUST 31, 2022

Until then, absent some state law to the contrary, we suppose Delta-8 is ready when you are. 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…. Whitt Steineker. Elizabeth R. Lizzie received her J.D. She earned a B.A.

THC 40

THC Hemp Banking Law 40

MassRoots

NOVEMBER 19, 2018

Congress must now take action to ensure that state law is respected , and that Americans who legally use marijuana are not subject to federal prosecution,” she said in a press release earlier this year. See the original article published on Marijuana Moment below: Here’s Where The Next House Speaker Stands On Marijuana.

Marijuana 58

Marijuana Legislation Policy Decriminalization 58

Cannabis Law Report

OCTOBER 27, 2019

PUBLISHER: CANNABIS LAW REPORT. . 280E Insanity – We just completed writing what is perhaps our tenth article about IRC Sec. 280E applies to businesses operating legally under State law, notwithstanding its use of the word “trafficking. 3) does not apply to marijuana businesses legally operated under State law. .

State Laws 45

State Laws Dispensary Business Policy 45

Cannabis Law Report

MARCH 21, 2019

The USDA’s Agricultural Marketing Service Administrator Bruce Summers said last week that the agency will aim to complete the hemp production regulations by fall 2019, in time for states to submit plans for the 2020 spring hemp planting season. House Committee to Vote on Cannabis Banking Bill Next Week.

Digestion 49

Digestion Dispensary Recreational Legislation 49

Cannabis Law Report

APRIL 13, 2022

A couple of months earlier, the House passed a bill that would allow banks to offer various financial services to cannabis businesses. Unfortunately for the cannabis industry, the House has previously passed other versions of these bills only to watch them wilt away in the Senate.

Business 52

Business Cannabis Law Decriminalization 52

SpeedWeed

MARCH 7, 2021

” I said, “Look,” and this is exactly what I told people, “if you don’t have money in the bank to take down, about $15,000 per acre to take down to Biloxi and throw it on black and walk away losing it, you don’t need to get into hemp.” That’s the law. View original article.

Extraction 52

Extraction Hemp Media Data 52

SpeedWeed

MARCH 24, 2021

In the latest episode of the Cannacurio Podcast from Cannabiz Media, I speak with Tony Repanich, President and Chief Operating Officer of Shield Compliance , a comprehensive compliance management platform for banking cannabis-related businesses. I spent 25 years in community banking and I loved it. So what was that like for you?

Compliance 52

Compliance Compliance Banking Data 52

Canna Law Blog

MAY 12, 2025

market access, lower regulatory costs, and better tax and banking treatment. The Schedule III mirage While there’s hope that marijuana might still be rescheduled to Schedule III, that shift wont open up the global market to state legal U.S. There is, however, another option. This legal quirk creates a strange scenario: U.S.

DEA 111

DEA Marijuana Supply Chain Policy 111