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Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

Guidance on banking and MRBs. I’ve written that in cannabis years, the FinCen Memo is as old as dirt and reads like a relic of a bygone era. Department of Justice on “Marijuana Related Financial Crimes” was rescinded in 2018 , the FinCen Memo has been the only game in town for federal banking guidance. Allow me to explain.

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Halo Collective Announces Reorganization of International Assets to Create Akanda, a Leading African Medical Cannabis Company

Cannabis Law Report

2021 /CNW/ – Halo Collective Inc. (“Halo”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN), a vertically integrated multinational cannabis company, today announced that its board of directors has unanimously approved the reorganization (the “International Reorganization”) of its non-U.S. TORONTO , June 22,?2021

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ICYMI: The New FinCEN Hemp Banking Guidance

Canna Law Blog

The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). Interestingly, the 2019 hemp banking statement, much like the recent NCUA guidance, did not address the legalities around financial institutions trying to bank hemp-CBD businesses. ” No surprises there.

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Lesotho – Canadian Bankers In Town To Value Bopelo Bioscience & Wellness

Cannabis Law Report

. … The suits have descended on Lesotho to start putting a value on Bophelo Bioscience and Wellness , which aspires to be the world’s biggest cannabis grow. Bophelo is being spun off by Canadian parent Halo Collective into a new, non-US, international entity, Akanda. CNW Group/Halo Collective Inc.).

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The Week in Weed: February 21, 2020

The Blunt Truth

In Pennsylvania, a recreational cannabis bil l was introduced this week by Rep. ” A coalition of clergy held a rally at the Capitol building, advocating legalization and regulation of adult-use cannabis. Staying out west, New Mexico will phase out medical cannabis cards for non-residents , starting mid-year 2020.

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Guam Eventually Set to Accept Adult-Use Cannabis License Applications

Cannabis Law Report

29 will start accepting applications from “responsible officials” for the island’s recreational cannabis industry, which is the first step before cannabis businesses and their employees can be licensed and permitted to operate. 29, which is when Guam law requires the government to start accepting cannabis industry applications.

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Alabama’s Medical Cannabis Program Could Be Delayed

SpeedWeed

a vertically integrated, multi-state cannabis operator, announced that it has completed its previously announced acquisition of Franklin Bioscience OH, LLC, a licensed medical cannabis processor in Ohio. Jushi’s objective is for our brands and product offerings to not only meet but exceed cannabis consumers’ expectations.