Remove Banking Remove Cannabis Remove Decriminalization
article thumbnail

First Circuit Holds the Line Against Cannabis Businesses

Canna Law Blog

The feds never seem to do that; so more importantly, it also means the following will continue to apply to state-licensed cannabis business: punitive taxation under IRC 280E ( big deal ), banking headaches ( not as big a deal ), and SBA loan ineligibility (frustrating). Still, Wednesday’s ruling was no surprise. Remember that!

article thumbnail

Marijuana Legalization Measures Gaining Momentum In Several States

NORML

Lawmakers in several states have recently moved forward legislative proposals to either legalize or decriminalize marijuana-related activities. The measure expands existing law to permit the state-licensed production and sale of cannabis to those age 21 or older. Here is a look at where some of these efforts currently stand.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Weekly Legislative Roundup 1/18/20

NORML

The US House Energy and Commerce Subcommittee on Health will hold a legislative hearing entitled “Cannabis Policies for the New Decade.” Legislation is pending, House Bill 1089, to protect cannabis consumers from employment discrimination. CO resident? Send a message to your lawmakers in support of employment protections.

article thumbnail

Weekly Legislative Roundup 3/29

NORML

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.

article thumbnail

Weekly Legislative Roundup 4/5/19

NORML

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.

article thumbnail

The Week in Weed: December 3, 2021

The Blunt Truth

This week brought the long-awaited South Dakota Supreme Court decision on their adult-use ballot initiative, and, spoiler alert: it wasn’t what cannabis advocates had hoped. Yet another industry comes out in favor of marijuana banking. Germany may legalize cannabis. cannabis banking. The fly in the ointment?

Banking 111
article thumbnail

Weekly Legislative Roundup 6/21/19

NORML

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.