PrestoDoctor

AUGUST 1, 2022

Marijuana banking options are limited for many entrepreneurs despite the fact that several thirty-six states legalize medical marijuana use. While recreational use is allowed in some states, there is still an uphill battle for other states that only have medical marijuana clearance. Marijuana Banking Bill.

Banking 52

Banking Law Marijuana Compliance 52

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.

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? Finder.com write. How to find one.

Banking 110

Banking Compliance Compliance Business 110

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

AUGUST 18, 2021

Local Business Also Pleads Guilty to Laundering More than $770,000 in Marijuana Proceeds through Account. On August 2, 2021, the United States charged Ngo by Information with one count of making a false statement to a bank and FMG with one count of structured money laundering. Attorney Robert J.

Banking 98

Banking Business Marijuana Compliance 98

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

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

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

MMJ Recs

MARCH 16, 2024

Overview of the Medical Marijuana Industry The medical marijuana industry has experienced significant growth and evolution in recent years, fueled by shifting attitudes, changing regulations, and expanding legalization efforts across various jurisdictions.

Supply Chain 105

Supply Chain Research and Development Marijuana Seed-To-Sale 105

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

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 14, 2021

Company’s Core Operational Compliance Solutions Help Cannabis Operators in the. Emerging Medical Marijuana Market Stay Compliant. On April 19, 2017, Governor Jim Justice signed Senate Bill 386 into law, creating the state’s Medical Cannabis Act.

Compliance 52

Compliance Compliance Tincture Conditions 52

Greenspoon Marder Cannabis Law Group Blog

AUGUST 26, 2019

The guidance offers reassurance to credit unions following the 2018 Farm Bill, which federally legalized hemp, but failed to address banking in the hemp industry, leaving the banking industry uncertain as to their capacity to legally serve the industry. I’ve seen dispensary employees have their bank accounts shut down.

Banking 40

Banking Hemp Marijuana Events 40

Cannabis Law Report

JANUARY 5, 2022

StandardC, a leader in cannabis & marijuana banking and financial services, announced today that its lending partner had closed the first $5 million loan from their newly established $200M fund for a leading marijuana cultivator using the StandardC platform. SOURCE StandardC.

Banking 52

Banking Marijuana Compliance Compliance 52

Cannabis Law Report

JULY 2, 2019

The world of marijuana banking has been rife with compliance risks for years. While marijuana is still illegal federally, many states have legalized marijuana for medical and recreational use. Bank Secrecy Act Compliance. Eide Bailly LLP. Legal Hemp Growing.

Banking 40

Banking Hemp Marijuana Compliance 40

Veriheal

SEPTEMBER 1, 2022

introduced a never-before-seen bill—the Capital Lending and Investment for Marijuana Businesses Act (“the CLIMB Act”). banking and insurance). 8200 intends for a broad interpretation so that cannabis and cannabis-related companies are put on an even playing field with traditional business operations.

Business 123

Business Banking Legislation Cannabis 123

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

Cannabis Law Report

JUNE 22, 2019

PUBLISHER: CANNABIS LAW REPORT. Will hemp taint your banking relationship? . Many have setup legal entities and registered under their states’ regulatory programs as permitted growers but have hit a hurdle that most new businesses hop right over: opening a bank account. . AUTHOR: Shane Eloe.

Banking 45

Banking Hemp Business Agriculture 45

Cannabis Law Report

NOVEMBER 18, 2021

BOSTON, DENVER, LOS ANGELES and NEW YORK — Leading cannabis law firm Vicente Sederberg LLP on Thursday announced several attorney promotions across its offices, including three new partners. Jerrico Perez is based in VS’s Denver office, where she focuses her practice on administrative law, regulatory compliance, and licensing.

Banking 96

Banking Compliance Compliance Law 96

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. Today’s cannabis industry encompasses the growth, processing, distribution, and other ancillary services related to both hemp and marijuana.

Banking 40

Banking Law Compliance Compliance 40

Cannabis Law Report

AUGUST 10, 2022

What To Know: – The efforts to legalize cannabis have gained traction in some states and run into serious roadblocks in others. – Nineteen states allow adults to possess and use cannabis for non-medical uses (adult use). – Thirty-seven states allow for medical cannabis use through state run programs.

Legalization 52

Legalization Banking Legislation Compliance 52

NORML

FEBRUARY 22, 2019

Delaware prosecutors will no longer be encouraged to pursue criminal charges against those who possess marijuana for personal use, according to guidelines issued by the state’s new Attorney General. Another great way to stay up to date is Marijuana Moment’s daily newsletter, which you can subscribe to HERE. Actions to Take.

Legislation 181

Legislation Hemp Compliance Compliance 181

Canna Law Blog

MARCH 20, 2023

We’ve written regularly about the plight of cannabis businesses not being able to secure traditional lending (and other financial services) from major, federally regulated institutions. Why aren’t banks more involved? Despite adoption by a growing number of states, marijuana is (still) federally illegal.

Business 73

Business Banking Compliance Compliance 73

Cannabis Law Report

NOVEMBER 15, 2021

Andrew Brisbo, Executive Director of Michigan’s Marijuana Regulatory Agency, welcomed as next President of the Cannabis Regulators Association which has expanded to 37 member states and territories. Brisbo is the Executive Director of Michigan’s Marijuana Regulatory Agency and served as Vice President of CANNRA last year.

Compliance 98

Compliance Compliance Topical Programs 98

The Joint Blog

MARCH 5, 2020

The American Bar Association (ABA), which was founded in 1878 a voluntary bar association of lawyers and law students, has approved two marijuana-related resolutions during its mid-year meeting. A bill that would do just that was approved by the House of Representatives last year, but it’s currently stalled in the Senate.

Banking 52

Banking Marijuana Compliance Compliance 52

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. Actions to Take.

Legislation 151

Legislation Banking Access Hemp 151

Cannabis Law Report

AUGUST 8, 2022

The CCB was told that a cultivation had cannabis seeds from unauthorized sources. On June 16, 2022, three agents from the CCB’s staff conducted an investigation of the cultivation at which the agents claimed to have found 63 packages of cannabis seeds purchased from online cannabis seed banks from October 2020 to July 2021.

Compliance 52

Compliance Compliance Banking Packaging 52

Cannabis Law Report

OCTOBER 28, 2021

Aaron Pelley writes… It’s easy to get excited about the cannabis industry when you hear that legal cannabis sales in the U.S. But there are a few aspects of operating a business in the cannabis industry that are dramatically different from running a typical business. billion spent on wine.

Banking 52

Banking Law Business Compliance 52

Canna Law Blog

MARCH 11, 2022

As reported (paywall) by the New York Times, New York intends to reserve its first retail licenses to sell marijuana for people convicted of marijuana related offenses, or their relatives. See How New York Cannabis Legalization Prioritizes Equity , New York Cannabis: $200 Million for Social Equity.

Retail 79

Retail Policy Banking Programs 79

Cannabis Law Report

MARCH 4, 2022

Marijuana has been a hot topic over the last few years as more and more U.S. Dispensaries are becoming more common and this is good news for anyone who is thinking about going into the marijuana business, but for the U.S. And a big part of complying with those regulations is properly disposing of cannabis waste. economy as well.

Dispensary 59

Dispensary Marijuana Banking Business 59

Canna Law Blog

AUGUST 2, 2022

The Oregon Liquor and Cannabis Commission (OLCC) plans to drop the hammer on bad actors in the regulated Oregon market. Inflation is taking a toll on everything from wages to investment, and the classic struggles around taxation, banking, etc. Oregon Cannabis: Why Won’t OLCC Treat Settlement Negotiations as Inadmissible?

Environment 77

Environment Compliance Compliance Policy 77

Cannabis Law Report

MAY 9, 2022

On May 4, 2022, South Carolina’s medical marijuana bill — SB 150, also known as the South Carolina Compassionate Care Act — was ruled unconstitutional by the state’s House of Representatives. She regularly advises clients on CCPA and GDPR compliance issues. The constitutional challenge was mounted by Rep. Whitt Steineker.

Marijuana 52

Marijuana Banking Compliance Compliance 52

Cannabis Law Report

JULY 2, 2019

Starting today, US manufacturers and merchants can apply through LegitScript to certify CBD products and websites that are in compliance with USDA, FDA, FTC, and DEA regulations, as well as state-specific laws.

Compliance 40

Compliance Compliance Programs CBD 40

Cannabis Law Report

SEPTEMBER 12, 2021

Marijuana Moment reports. NCUA’s Rodney Hood said at the PBC Conference that he’s “concerned that the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough,” and congressional inaction is largely to blame. He also said that he feels legalization at the federal level is an inevitability.

Banking 89

Banking Law Legalization Hemp 89