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.

Banking 59

Banking Compliance Compliance Business 59

Cannabis Law Report

SEPTEMBER 28, 2021

National Law Journal’s 2020 Cannabis Trailblazer Katrina Skinner to Help Lead Company’s Legal Matters and Expansion into Banking, Financial and Payment-Related Services and Solutions for Cannabis Businesses and Related-Banking and Financial Sectors. Says the headline. Here’s the full press release.

Banking 98

Banking Compliance Compliance Law 98

Canna Law Blog

SEPTEMBER 18, 2023

I’m pretty sure that more ink has been spilled on the Secure and Fair Enforcement Act (“SAFE Banking”), than any other proposed cannabis law. Specifically, SAFE Banking was introduced in 2017 and it passed the House seven times (seven times!) SAFE Banking will finally go to mark-up this week in the Senate Banking Committee.

Banking 82

Banking Access Business Compliance 82

Canna Law Blog

DECEMBER 6, 2022

As we blogged about last week, the SAFE Banking Act is trying to claw its way back from the dead during this lame duck session of Congress. Interestingly, on December 2, Punchbowl News reported that the Department of Justice (DOJ) issued a memo outlining its “issues” with the SAFE Banking Act. Section 280E.

Banking 80

Banking Compliance Compliance State Laws 80

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.

Compliance 52

Compliance Compliance Banking Seed-To-Sale 52

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.

Banking 110

Banking Compliance Compliance Business 110

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 (..)

Compliance 52

Compliance Compliance Data Banking 52

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.

Banking 52

Banking Access Research and Development Policy 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.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

MARCH 6, 2023

Fintech Innovator Brings Experts Together to Help Banks and Credit Unions Better Understand the Challenges and Opportunities for Cannabis Banking San Francisco, CA – February 28, 2023 – Today, StandardC, the leading fintech platform that transforms how banking and financial service providers manage risk & compliance, is bringing together (..)

Banking 52

Banking Compliance Compliance Cannabis 52

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.

Banking 52

Banking Law Marijuana Compliance 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.

Banking 52

Banking Compliance Compliance Business 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.

Compliance 52

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.

Banking 52

Banking Compliance Compliance Access 52

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?

Banking 52

Banking Compliance Compliance Retail 52

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.

Compliance 88

Compliance Compliance Media Law 88

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.,

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

DECEMBER 14, 2021

monetary banking protocols in banking cannabis and hemp operations. “ The marijuana industry will soon be exploding in New Mexico , and it is important to have banking safeguards to mitigate illicit and criminal conduct. ALBUQUERQUE, N.M. , Dec.

Banking 52

Banking Hemp Compliance Compliance 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.

Banking 105

Banking Hemp Business Patients 105

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.

Banking 59

Banking Business Media Access 59

Cannabis Law Report

OCTOBER 19, 2021

New Reference Guide Arms Cannabis and Cannabis-Related Businesses with Real-Time Comprehensive Regulatory Information for All 50 States, Delivering State Regulatory Profiles to Users’ Fingertips. Banking Guidance. Governing Authority. Local Opt-Out Option/Authority. Policy Movement. Tax Structure & Rates. License Caps.

Compliance 52

Compliance Compliance Supply Chain Banking 52

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.

Banking 98

Banking Business Marijuana Compliance 98

Cannabis Law Report

DECEMBER 2, 2021

.–(BUSINESS WIRE)– #cannabisbanking — NatureTrak , the leading compliance and risk management solution for financial institutions serving the cannabis industry, today announces its newest customer, Northern Redwood Federal Credit Union. To learn more about NatureTrak, visit www.naturetrak.com. About NatureTrak.

Compliance 52

Compliance Compliance Seed-To-Sale Banking 52

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.

Banking 45

Banking Compliance Compliance Policy 45

Canna Law Blog

JULY 7, 2020

The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). The purpose of that statement was to to help financial institutions deal with BSA and anti-money laundering (AML) compliance in light of the fact that hemp is no longer a Schedule I controlled substance under federal law.

Banking 54

Banking Hemp Compliance Compliance 54

Cannabis Law Report

OCTOBER 28, 2021

New mobile wallet app is the solution cannabis businesses have been waiting for. Wayne-based Valley National Bank, a subsidiary of Valley National Bancorp, is creating a new digital payment platform designed specifically for cannabis-related businesses. NJB News reports. ON OCT 27, 2021.

Banking 52

Banking Compliance Compliance Programs 52

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.

Banking 90

Banking Marijuana Safety Legislation 90

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.

Banking 91

Banking Marijuana Legislation Business 91

SpeedWeed

APRIL 2, 2021

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. Much of the work falls to the cannabis business, of course. We also started a national [cannabis] program back in 2017.

Banking 52

Banking Compliance Compliance Business 52

Cannabis Law Report

OCTOBER 26, 2021

New mobile wallet app is the solution cannabis businesses have been waiting for. NEW YORK–(BUSINESS WIRE)– Valley National Bank , a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses.

Banking 52

Banking Business Programs Compliance 52

Cannabis Law Report

JANUARY 21, 2022

Business Cann reports it is a big blow for the UK sector as they were one of the few in the country that would accept CBD clients… METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. . Bank Refuses To Comment.

Banking 52

Banking CBD Business Conditions 52

Cannabis Law Report

OCTOBER 14, 2021

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. On April 19, 2017, Governor Jim Justice signed Senate Bill 386 into law, creating the state’s Medical Cannabis Act. Simplifya SOPs are designed to help ensure cannabis businesses are efficiently, effectively and legally running.

Compliance 52

Compliance Compliance Tincture Conditions 52

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.

Banking 111

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.

Banking 105

Banking Compliance Compliance Supply Chain 105

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.

Business 138

Business Banking Legislation Cannabis 138

Cannabis Law Report

SEPTEMBER 6, 2019

This is what they say… The Green Flower Cannabis Compliance & Regulations Certificate Program will familiarize you with the laws and regulations that govern the cannabis industry in the United States, so you’ll be able to keep your organization, your team, and yourself out of trouble as your business matures.

Compliance 45

Compliance Compliance Education Legalization 45

Cannabis Law Report

SEPTEMBER 25, 2019

House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act 321-103. It is the first standalone cannabis policy reform bill to ever reach a House floor vote. Neal Levine of the Cannabis Trade Federation states … The bipartisan SAFE Banking Act ( H.R.1595 1595 ) was introduced by Reps.

Banking 55

Banking Safety Compliance Compliance 55