Canna Law Blog

DECEMBER 24, 2019

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

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Banking Hemp CBD Cultivation 74

Cannabis Law Report

APRIL 17, 2022

Yesterday, the Cannabis Control Board approved 52 adult-use conditional cultivation licenses , which means the approved businesses can start growing cannabis for the upcoming adult-use market. Licensees can start growing cannabis outdoors or in a greenhouse with up to 20 artificial lights. Proposed Cannabis Banking Bill.

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Conditions Cultivation Banking Business 52

MassRoots

JULY 28, 2020

One of the most important pieces of cannabis related legislation, the Secure and Fair Enforcement Banking Act ( SAFE Banking Act ), has the chance to be included in the next round of COVID-19 relief legislation in the United States. Tell them to support the inclusion of the SAFE Banking Act. Don’t wait.

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Banking Legislation Business Programs 66

Cannabis Law Report

MARCH 15, 2022

Business News Australia reports today… Three years after first acquiring the site in Mildura in Victoria, Australian medicinal cannabis company Cann Group (ASX: CAN) has been given permission to cultivate the drug at the now-completed, high-tech facility. per cent effective blackout to maximise crop.

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Cultivation Research and Development Medicine Banking 52

Cannabis Law Report

AUGUST 10, 2021

Veteran Cannabis Adviser Charles Womack Will Guide the Company Through Future Strategic Growth and Investment Opportunities. Charles is the catalyst that spurred our relationship with Dale Katechis,” said Mike Leibowitz, CEO of Veritas Fine Cannabis. About Veritas Fine Cannabis. For more information, visit veritascannabis.com.

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Veriheal

OCTOBER 7, 2020

COVID-19 and cannabis have been the tagline of many different media stories in 2020. Many of them are related to the potential of fighting COVID-19 with cannabis or cannabis businesses being deemed essential businesses during the shutdown caused by the virus. Growing and selling green can bring in a lot of green.

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Banking Business Hemp Cannabis 52

Veriheal

JANUARY 5, 2021

The promise of a developing cannabis industry is one of the strongest points in favor of cannabis legalization, both at the state and federal level. It turns out that the cannabis industry could be wonderful for the economy , especially during times such as these when the economy is struggling.

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Cannabis Law Report

FEBRUARY 15, 2019

Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses. H.R. _ , “The Secure And Fair Enforcement Banking Act of 2019” [DRAFT]. Deckard , President, CEO and Chairman, State Bank Northwest, on behalf of Independent Community Bankers of America (ICBA). f t # e. Legislation. Witness List.

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Banking Access Business Legislation 63

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.

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Banking Hemp Compliance Compliance 52

Canna Law Blog

JULY 7, 2020

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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Banking Hemp Compliance Compliance 54

Illinois News Joint

JANUARY 22, 2023

As part of our weekly discussion with ChatGPT: Optimizing Language Models for Dialogue , we asked why are legal cannabis prices in Illinois so damn high. The reason for this can be traced back to the regulations and limited cultivator licenses put in place by the state government.

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Canna Law Blog

NOVEMBER 8, 2023

I’ve been representing clients in California’s cannabis industry since 2018. One of the most common mistakes we see in new cannabis markets is businesses that rely too much on federal legalization happening. Here’s just one example of California cultivators selling out of harvested inventory.

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Legalization DEA Banking Cannabis 93

Veriheal

JANUARY 12, 2022

have been unable to purchase some cannabis-associated securities. The news, which was officially announced in a letter, confirmed that the bank would no longer be granting new acquisitions or “short” positions in cannabis-focused businesses. Cannabis’ Illegal Status Makes It Tricky for Banks to Offer Services.

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Banking Business Cannabis Recreational 93

Veriheal

OCTOBER 22, 2021

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Let’s dive into this week’s cannanews.

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Banking DEA Recreational Packaging 99

Cannabis Law Report

MARCH 9, 2020

A former licensed cannabis cultivator in Salinas, California has agreed to a $1.1 A former Salinas, California licensed cannabis cultivator has settled with the county District Attorney’s Office for $1.1 California Cannabis Brand to Pay $1.1M Ganjapreneur reports. Settlement for Illegal Grow.

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Cultivation Banking Law Cannabis 59

SpeedWeed

FEBRUARY 15, 2019

Six years after introducing the Secure and Fair Enforcement (SAFE) Banking Act, a cannabis banking reform measure, co-author Denny Heck finally saw it enjoy its first committee hearing in Congress on Wednesday. Here’s How Cannabis Companies Are Banking Legally on the Down Low. Heck and Rep. RELATED STORY.

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Banking Dispensary Safety Seed-To-Sale 53

NORML

AUGUST 27, 2019

Legislation will take effect next week expanding protections for state-qualified medical cannabis patients. It strengthens patient protections by explicitly stipulating that registered cannabis consumers may not be denied public assistance, access to firearms, or certain types of employment solely based upon their patient status.

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Cannabis Law Report

MARCH 16, 2020

Here’s the introduction to their piece………… Saint Vincent and the Grenadines has started its long-awaited cannabis cultivation amnesty program, a major move to pivot cultivators of illicit cannabis into the legal industry. DRAFT – Medicinal Cannabis Industry Bill.

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Cultivation Programs Banking Packaging 59

MassRoots

AUGUST 3, 2020

Home cultivation remains illegal for the more than 4,000 registered medical marijuana patients. Only two facilities are allowed to cultivate medical cannabis for the entire state, and only nine pharmacies are licensed to distribute it to patients. Federal Law: SAFE Banking Act. House Bill 819. House Bill 418.

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Programs Banking Marijuana Conditions 124

Cannabis Law Report

DECEMBER 4, 2019

Despite the 2018 US Farm Bill clearly permitting financial transactions in the hemp industry, many banks and other financial institutions have been slow to participate, blaming their fear of the risk of federal regulatory crackdowns.

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Banking Hemp Advocacy Business 59

Veriheal

DECEMBER 7, 2022

Operating cannabis-based businesses in The Golden State is no easy feat for retailers. With the plant’s legal status confined by the federal Controlled Substances Act (CSA ) boundaries, cannabis stores are still operating illegally. Due to the plant’s illegal status, banking cannabis business revenue can be tricky.

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Business Banking Advocacy Cannabis 84

SpeedWeed

JULY 21, 2021

July 1, 2021, marked four years since Nevada launched its first adult-use cannabis sales, and the market has certainly seen its fair share of rapid growth and regulatory changes during that time, not to mention the unprecedented COVID-19 pandemic. They’re flexible and ready to pivot.”. They’re flexible and ready to pivot.”.

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Cultivation Legislation Dispensary Packaging 52

MJ Business Attorneys

FEBRUARY 14, 2023

The current economic uncertainty, coupled with stifling regulations, price compression , lack of access to capital, and restrictive banking options are increasing distress and making disputes between business partners more common. Cannabis Lease Disputes Leases are one of the most common and important contracts in the cannabis industry.

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Business Banking Cannabis Dispensary 130

Cannabis Law Report

DECEMBER 19, 2021

A group of businessmen from the cannabis industry came together to form the Guild of the Cannabis Industry (GIC) . Meanwhile, the new union – which was officially registered two weeks ago – seeks to bring together the largest number of people related to the self-cultivation of cannabis industry.

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Banking Cultivation Media Consumption 52

Canna Law Blog

MARCH 13, 2024

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. The edible market alone is projected to grow by $25.27

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Business Supply Chain Dispensary Edibles 81

Veriheal

JANUARY 3, 2022

From being the first Asian country to legalize medical cannabis to opening dispensaries for free medical cannabis oil and approving medical cultivation and distribution , Thailand has led the charge when it comes to cannabis legalization. In its most recent move, the country has now legalized cannabis flower.

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Canna Law Blog

MAY 22, 2022

There are tons of new proposals for federal cannabis legislation in Congress. This post covers the SAFE Banking Act, the Medical Marijuana Research Act, the Cannabidiol and Marihuana Research Expansion Act, and the Hemp Advancement Act. SAFE Banking Act. We wanted to make things easy and clarify what they would do.

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Legislation Banking Hemp Cannabis 74

Cannabis Law Report

SEPTEMBER 9, 2021

NEW YORK–(BUSINESS WIRE)–BTIG announced today that it will hold its first cannabis-focused conference, which will take place virtually, on Wednesday, September 29, 2021. Industry-leading private and public multi-state operators (MSOs), emerging cannabis brands and REITs will be participating in the firm’s conference.

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Cannabis Law Report

JULY 25, 2022

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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Banking Recreational Business Retail 52

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.

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Banking Marijuana Compliance Compliance 52

The Joint Blog

SEPTEMBER 16, 2022

There has been a shift toward normalizing the practice of buying cannabis seeds online and growing them oneself to ensure reliable access to cannabis for medicinal or recreational purposes. Many individuals now get medicinal or recreational cannabis by purchasing seeds and growing them themselves. Is Buying Cannabis Seeds Legal?

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Banking Cultivation Medicine Dispensary 49

Cannabis Law Report

NOVEMBER 2, 2021

cannabis-related securities beginning Nov. The move follows similar actions by other banks, including Credit Suisse , after the high-profile collapse of private fund Archegos Capital this year left several banks nursing losses. federal law, making it risky for banks to deal with cannabis-related businesses.

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Banking Business Cultivation Recreational 52

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.

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Banking Law Compliance Compliance 40

Cannabis Law Report

AUGUST 12, 2021

The Alabama Medical Cannabis Commission, created by legislation that passed in May, will meet at 1 p.m. The law directs the commission to set up rules to allow companies to apply for licenses to cultivate, produce, transport, and sell the products by Sept. at the State House in Montgomery. Ivey appointed Dr. William Saliski Jr.,

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Programs Seed-To-Sale Agriculture Legislation 105

MMJ Recs

MARCH 16, 2024

This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Demographic shifts also play a role, with older adults increasingly turning to medical cannabis for pain management and symptom relief.

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

Cannabis Law Report

JUNE 10, 2021

facility increases Company’s capacity of premium-grade cannabis up to 125,000 kg annually. “Today’s announcement reinforces our position as one of Canada’s top leading producer of premium-grade cannabis and cannabis derivative products.” cannabis 2.0 cannabis 2.0 rooftop greenhouse.

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Cultivation Events Banking Collective 59

Cannabis Law Report

DECEMBER 16, 2021

This is how Manzuri saw 2021 through the prism of California & Cannabis. Though it wasn’t quite THE year we may have hoped for in cannabis news (hello, federal legalization?!), Throughout the nation, we’ve had a wave of legislation which greatly impacted the commercial cannabis industry. Federal Cannabis Reform (or not).

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