Canna Law Blog

MAY 26, 2019

Looks like marijuana banking is stuck, again. The banking associations from all 50 states and 1 U.S. territory sent a joint letter to leaders of the Senate Banking Committee on Monday, to urge advancement of bipartisan legislation that would protect financial institutions that service marijuana businesses.

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Banking Marijuana Safety Legislation 109

Canna Law Blog

FEBRUARY 27, 2019

Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019. Specifies how businesses on tribal land could qualify; and.

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Banking Marijuana Legislation Business 107

Canna Law Blog

APRIL 15, 2025

For many cannabis brands, licensing their trademarks can be a savvy business move (for more information on cannabis trademarks generally, check out our webinar, Trademarking Cannabis: Cutting Through the Legal Haze ). Heres what you need to know if youre thinking about licensing your cannabis brand.

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Compliance Compliance Hemp Cannabis 78

Cannabis Law Report

JULY 1, 2021

Cannabis banking options are still quite limited for marijuana entrepreneurs, despite 36 states legalizing medical marijuana and 17 states permitting recreational adult use, according to the National Conference of State Legislatures. Are there cannabis-friendly banks? Compare 5 cannabis-friendly banks and credit unions.

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Banking Compliance Compliance Business 84

Cannabis Law Report

JULY 15, 2019

Here are the Cannabis Compliance and Regulation courses launching on the Green Flower Media platform. . Banking, Accounting and Tax – Steve Schain, Esq. HLG Course Descriptions: Historical Perspectives – Garrett Graff, Esq. Securing State Licenses and Local Permits – Craig Small, Esq.

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Compliance Compliance Media Law 88

Cannabis Law Report

JUNE 4, 2021

A sprawling adult-use cannabis industry is taking root from coast to coast. These multi state operators (MSOs) need to take the specific requirements of each state into account in every aspect of their business, from product types offered to how they bank. What are some of the issues that impact an MSO’s ability to access banking?

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Banking Supply Chain Dispensary Business 87

Cannabis Law Report

APRIL 4, 2021

In 2017, Fincann pioneered publication of recommended guidelines and protocols for compliantly and sustainable banking cannabis industry business customers, and… Read More.

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Banking Compliance Compliance Business 59

Cannabiz MD

OCTOBER 16, 2024

Licensed Cannabis-Related Businesses (CRBs) in the U.S. face unique challenges due to federal barriers to banking, security concerns, and regulatory complexities. Using a professional payroll service aware […]

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Business Banking Compliance Compliance 52

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Governor Michelle Lujan Grisham (D) of New Mexico signed cannabis decriminalization legislation into law.

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Legislation Banking Hemp Compliance 208

Canna Law Blog

SEPTEMBER 21, 2019

Things are looking better and better for expanded cannabis banking prospects. As we’ve discussed on the blog previously , the SAFE Banking Act would allow financial institutions to serve state-legal marijuana businesses without fear of federal repercussions. The Senate.

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Banking Legislation Safety Compliance 90

Connor & Connor PLLC

MAY 12, 2025

Starting a cannabis business can be both exciting and challenging. With the rapid expansion of the cannabis industry, entrepreneurs face a range of legal and regulatory hurdles that can make the process daunting. However, having an experienced cannabis lawyer by your side can significantly streamline the process and minimize risks.

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Business Compliance Compliance Retail 52

Cannabis Law Report

OCTOBER 21, 2021

Seattle-based cannabis banking startup Shield Compliance is beefing up its staff. Before her role at Shield, Cantrell spent more than 12 years at the Republic Bank of Chicago. She has 20 years of banking experience, the company said. Cantrell is the new executive vice president of payments and strategic alliances.

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Banking Compliance Compliance Business 52

Cannabis Law Report

AUGUST 12, 2021

Carbon negative insulation for homes and commercial properties is to be produced in Scotland for the first time following a £3m investment in a pioneering green materials firm from the Scottish National Investment Bank.

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Banking Hemp Business Patients 105

NORML

FEBRUARY 22, 2019

Regulators in Iowa added two new medical cannabis qualifying conditions to the current list, ulcerative colitis (effective immediately), and severe pediatric autism with self-injurious or aggressive behaviors (effective 4/2/19). Click here to email your Representative and urge them to support this important legislation. AZ resident?

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Legislation Hemp Compliance Compliance 191

Veriheal

SEPTEMBER 1, 2022

To put it plainly, the CLIMB Act would treat legitimate cannabis and cannabis-related companies the same as any other business where federal law would otherwise interfere with third parties’ ability to provide standard business services (e.g., banking and insurance). banking and insurance). The proposed legislation, H.R.

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Business Banking Legislation Cannabis 143

Cannabis Law Report

AUGUST 18, 2021

OKLAHOMA CITY – Today, VICTOR NGO , 33, of Oklahoma City, and FRIENDLY MANAGEMENT GROUP, LLC (FMG) , an Oklahoma business, pleaded guilty in connection with a scheme to open a bank account under false pretenses to launder proceeds from marijuana sales, announced Acting U.S. Today, Ngo pleaded guilty to making a false statement to a bank.

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Banking Business Marijuana Compliance 98

Cannabis Law Report

JANUARY 5, 2022

State/Federal agencies accept the certification model as the compliance standard, as well as for applying risk-mitigating strategies. New Mexico Attorney General Hector Balderas said Monday that the $1.3 billion U.S.

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Banking Compliance Compliance Hemp 111

Cannabis Law Report

AUGUST 30, 2021

We speak with Mark Lozzi the CEO of cannabis financial solutions company Confia who tell us on their website. Confia enables cannabis supply chains to flow efficiently.We provide free electronic payments within-network, powerful integrated banking capabilities, and automated compliance.

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Banking Compliance Compliance Supply Chain 105

Cannabis Chronicles

FEBRUARY 8, 2019

Ron Wyden proposed legislation Friday that would give states a free hand to allow legal cannabis markets without the threat of federal criminal intervention, the latest push in Congress to bolster the nation’s burgeoning pot industry. It would also reduce barriers for legal marijuana businesses to get access to banking. However, Rep.

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Banking Packaging History Compliance 159

NORML

MARCH 29, 2019

House Financial Services Committee has passed The Safe Banking Act, HR 1595 out of committee this week. Governor Jim Justice (R) of West Virginia signed legislation into law that allows financial institutions to provide banking services related to the state’s medical marijuana program. It now awaits consideration by the U.S.

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Legislation Decriminalization Hemp Patients 191

NORML

JUNE 14, 2019

House of Representatives’ Small Business Committee will hold a hearing on Wednesday on the challenges and opportunities small businesses face in the cannabis industry. Governor John Bel Edwards (D) of Louisiana signed legislation into law giving patients the option to inhale medical cannabis through vaporization. California.

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Legislation Banking Access Hemp 168

NORML

JUNE 23, 2019

Also this week, the House Committee on Small Business held a hearing to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration. Click here to email your lawmakers in support of banking access.

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Legislation Hemp Decriminalization Agriculture 211

Cannabis Law Report

NOVEMBER 23, 2021

Alliance offers cannabis-related businesses and financial institutions a safer way to process transactions while creating new revenue opportunities. POSaBIT puts compliance at the center of everything it does. Each month, POSaBIT processes millions of dollars of transactions for merchants across the U.S. About POSaBIT.

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Compliance Compliance Banking Seed-To-Sale 40

Cannabis Law Report

AUGUST 20, 2022

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Distinguished Cannabis Policy Practitioner in Residence, Drug Enforcement and Policy Center, Moritz College of Law, The Ohio State University.

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Banking Access Research and Development Policy 52

SpeedWeed

APRIL 2, 2021

Shield Compliance is a comprehensive compliance management platform for banking cannabis-related businesses. The company’s focus is on transforming the way cannabis banks and legal marijuana financial institutions manage risk, comply with regulations, and satisfy operational demands across the United States.

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Compliance Compliance Media Data 52

SpeedWeed

MARCH 18, 2021

A Michigan credit union just got penalized for working with cannabis businesses, despite the fact that this is a gray area for financial institutions. . This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry.

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Banking Compliance Compliance Access 52

Cannabis Law Report

FEBRUARY 8, 2023

Simplifya Market Guide Now Available to Shield Compliance Customers; Platform Provides Banks and Credit Unions with Real-Time, Comprehensive Regulatory Information for All 50 States (DENVER) February 8, 2023 – Simplifya, the leading regulatory and operational compliance software platform serving the cannabis industry, announced the availability of (..)

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Compliance Compliance Data Banking 52

Cannabis Law Report

SEPTEMBER 14, 2021

Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, today announced its partnership with Green Check Verified (GCV), the top provider of cannabis banking solutions for financial institutions. Tweet this.

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Banking Compliance Compliance Business 52

NORML

MARCH 8, 2019

This week, a bipartisan coalition of more than 100 co-sponsors has reintroduced legislation in Congress, The Secure and Fair Enforcement Banking Act (SAFE Banking Act), HR 1595, to allow state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. Actions to Take.

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Legislation Patients Access Seed-To-Sale 190

SpeedWeed

JULY 23, 2021

Most of us buy stuff digitally today, whether we are paying by card, banking app, or mobile payments app. . But paying for cannabis digitally can be a hassle — if you are not using the right service. Most popular payment apps will not deal with legal, licensed cannabis businesses. How Exactly Does KindPay Work?

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Banking Compliance Compliance Retail 52

Cannabis Law Report

SEPTEMBER 30, 2021

.–(BUSINESS WIRE)– #cannabisbanking –NatureTrak, the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Southwest Capital Bank.

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Banking Compliance Compliance Business 40

PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. Thanks to a recent cannabis banking bill that has passed in Pennsylvania, cannabis-related businesses now have the right to use financial institutions and insurance for their businesses.

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Banking Law Marijuana Compliance 52

NORML

MARCH 22, 2019

House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. Activists in Oregon have filed a 2020 ballot initiative with the Secretary of State that, if approved, would allow social cannabis consumption sites and protect consumers from employment discrimination.

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Legislation Hemp Patients Compliance 155

Cannabis Law Report

OCTOBER 31, 2019

Law Firm Manatt, Phelps & Phillips, LLP writes… The Cannabis Banking Guidance from California’s Department of Business Oversight (DBO) offers California-chartered financial institutions serving cannabis-related businesses assurances that the DBO will not bring enforcement actions based solely on such relationships.

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Banking Compliance Compliance Policy 45

Burns Levinson (Cannabusiness advisory)

APRIL 20, 2022

Today, our team is celebrating by gearing up for two exciting events hosted by Burns & Levinson featuring experts and cannabis marketplace pros from across the industry. Permissible Payments in Cannabis. Cashless ATMs are a popular method of payment for consumer cannabis purchases. CannaBusiness Advisory Webinar.

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Events Law Business Banking 89

Cannabis Law Report

FEBRUARY 9, 2022

Well worth a read if you want to catch up on the state of British banking for cannabis / hemp products… it’s not good! Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo.

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Banking Business Media Access 59

Cannabis Law Report

DECEMBER 7, 2021

Congress is making another run at providing a safe harbor to the banking industry and companies that provide services to cannabis businesses. Members of Congress have introduced the SAFE Banking Act or similar legislation in prior Congresses. Arnold & Porter. credit card companies). Protect all service providers (e.g.,

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Banking Compliance Compliance Business 52